444 results found for 'kaombo'

444 results found for 'kaombo'
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  • Total hires Ocean Infinity for seismic surveys in Angola

    10 December 2019
    Business & Finance

    Ocean Infinity has been awarded a contract by Total for seismic surveys in Angola.

  • Blue Water Energy Buys Pipeline Welding Specialist

    29 May 2019
    Business & Finance, Equipment, Operations & Maintenance

    London-based private equity firm Blue Water Energy has acquired Pipeline Technique Limited (PTL), a provider of pipeline welding, field joint coating and spoolbase services to the energy industry, from Heerema Marine Contractors (HMC). PTL is headquartered in Huntly, UK with additional worksites in the USA, Middle East, Brazil and South East Asia. PTL has built […]

  • JDR, Proserv in Nigerian pact

    22 March 2017

    JDR, a subsea cable supplier, has teamed up with with Proserv Instrumentation Nigeria Ltd, expanding its presence in West Africa. The company said on Wednesday it would set up a service and maintenance base in Proserv’s operations facility in Port Harcourt, Nigeria. The two companies will offer combined subsea solutions and local content support to the […]

  • Hebron field award for Aker Solutions (Canada)

    15 July 2015
    Business & Finance

    Norwegian engineering and construction company Aker Solutions has won a contract with ExxonMobil in Canada. In its 2Q 2015 presentation today, Aker Solutions said the deal was secured during the quarter by its Maintenance, Modifications & Operations (MMO) division. According to Aker Solutions, MMO has won a long-term contract from ExxonMobil for engineering, procurement, construction […]

  • Highlights of the Week

    28 February 2016
    Business & Finance, Operations & Maintenance, Project & Tenders

    Subsea World News has put together a recap of the most interesting articles from the previous week (February 22 – February 28). Offshore services player, Helix Energy Solutions, has plummeted into loss as it books some $503 million of non-cash pre-tax charges in the fourth quarter 2015. The company reported a net loss of $403.9 […]

  • Saipem Seals Conversion Deal for Two VLCCs

    21 July 2014
    Business & Finance

    Saipem SA, France has signed a Floating Storage Production Offloading (FPSO) conversion contract worth about S$600 million (USD $483.2 million) with Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard.   Under the contract, the shipyard is responsible for the conversion of two Very Large Crude Carriers (VLCCs) sister ships into 2 turret-moored FPSOs for the Kaombo project […]

  • Aker Solutions wins 5-year deal to support BP in Angola

    4 October 2018
    Business & Finance, Infrastructure

    Aker Solutions has been awarded a five-year agreement to supply support on BP’s Greater Plutonio and PSVM fields offshore Angola.

  • DW: FPSO contractors see difficult year due to crash in oil price

    22 June 2015

    The crash in oil prices has led to a dramatic decline in the number and value of awards for FPSO units, Douglas-Westwood, an energy intelligence group, said in its DW Monday report. According to DW, there have only been three contracts awarded this year; a conversion for the Sankofa-Gye Nyame development, located in the Eni-operated Offshore […]

  • Investment firm BWE buys Heerema’s pipeline welding business

    23 May 2019
    Business & Finance, Equipment

    London-based private equity firm Blue Water Energy is buying Heerema Marine Contractors’ Pipeline Technique Limited,

  • iXblue and Forssea Launch New LBL Deployment System

    8 January 2019
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    iXblue and Forssea have joined forces to bring more agile and cost-effective subsea operations. Combining Forssea’s Atoll, an observation-class ROV that offers autonomous docking capabilities, with iXblue’s DriX offshore going unmanned surface vessel (USV) and its Gaps USBL embedded gondola, both companies are now offering a new method of LBL transponders array deployment and calibration. […]

  • Technip’s Revenue Above Expectations, CEO Says

    24 April 2014
    Business & Finance, Operations & Maintenance

    Technip’s Board of Directors approved the first quarter 2014 consolidated financial statements.  Revenue increased by 23% year-on-year, to $3.46 billion (+10% in Subsea and +34% in Onshore/Offshore). The Group’s backlog at the end of the first quarter is stable compared to the end of 2013 taking into account the orders received less impact of currency movements. Backlog has been restated […]

  • Aker Reports Growth in 1Q Revenue

    1 May 2014

    Aker Solutions’ revenue rose to NOK 11.2 billion in the first quarter of 2014 from NOK 10.3 billion a year earlier, driven by sales of subsea products and services, single drilling equipment and umbilical systems in the U.S. and Norway. Revenue also increased in the process systems unit, bolstered by strong demand in Norway, the […]

  • Total CEO says Q1 results are lower than last year

    1 May 2014
    Business & Finance

    Total has announced the results for the first quarter of 2014. Commenting on the results, Chairman and CEO, Christophe de Margerie said: “The Group reported adjusted net income of $3.3 billion for the first quarter, solid results albeit slightly lower than last year. The impact of sharply lower European refining margins was limited thanks to the implementation […]

  • Total to launch new projects offshore Angola

    5 December 2017
    Business & Finance

    French oil major Total and Angola’s Sonangol on Monday signed several agreements covering both upstream and downstream activities. 

  • CLOV start up to boost Exxon Mobil production

    13 June 2014

    Exxon Mobil Corporation today announced the CLOV project in Angola started up on schedule and is expected to reach daily production capacity of 160,000 barrels in the coming months.   CLOV is the fourth major development hub of Total-operated Block 17, after Girassol, Dalia and Pazflor. An ExxonMobil affiliate has a 20 percent working interest […]

  • DW: Oil majors focus on Angola

    16 February 2015

    As the second largest oil producer in Africa, Angola is heavily dependent on the oil sector, making it vulnerable to oil price fluctuations, Douglas Westwood, an energy intelligence firm writes in its “DW Monday” report. In addition, drilling costs offshore Angola are very high, and DW forecasts a resultant drop in deepwater completions in Angola in […]

  • Aker Solutions: Subsea Order Intake at Record High

    17 July 2014
    Business & Finance, Operations & Maintenance

    Aker Solutions is on track with a plan to split into two companies at the end of September, including one that will keep the current name and be comprised of the Subsea, Umbilicals, Engineering, and Maintenance, Modifications and Operations (MMO) areas. Pro forma second-quarter revenue for the new Aker Solutions rose to NOK 8.1 billion […]

  • Aker profit drops despite revenue growth

    17 July 2014
    Business & Finance, Project & Tenders

    Aker Solutions is on track with a plan to split into two companies at the end of September, including one that will keep the current name and be comprised of the Subsea, Umbilicals, Engineering, and Maintenance, Modifications and Operations (MMO) areas. Pro forma second-quarter revenue for the new Aker Solutions rose to NOK 8.1 billion […]

  • Total boosts quarterly profit despite lower price environment

    7 February 2020
    Business & Finance

    French oil major Total  booked an increase in quarterly profit despite a lower price environment as its production grew during the period fueled by new project startups and rampups. 

  • Total: First oil flows at CLOV project, offshore Angola

    12 June 2014
    Business & Finance

    Total, operator of Block 17 in Angola, today started up CLOV, a major deep offshore development located 140 kilometers offshore Luanda, in line with the initial project schedule.   With a production capacity of 160,000 barrels per day, CLOV will develop proven and probable reserves of over 500 million barrels. After Girassol, Dalia and Pazflor, […]

  • Total Puts CLOV in Action Offshore Angola

    12 June 2014
    Business & Finance, Operations & Maintenance

    Total, operator of Block 17 in Angola, today started-up CLOV, a major deep offshore development located 140 kilometers offshore Luanda, in line with the initial project schedule. With a production capacity of 160,000 barrels per day, CLOV will develop proven and probable reserves of over 500 million barrels. After Girassol, Dalia and Pazflor, CLOV is […]

  • Top Contracts in 2014

    24 December 2014
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    The editors of Subsea World News have selected contracts that exemplify best-in-class among those that were signed during this year. Subsea World News’ Top Contracts in 2014 were selected on the basis of best awarded jobs and different companies involved in some of the biggest signings this year.     Technip, Heerema Awarded $3.5 Bln Subsea […]

  • Loss widens for Bluewater

    29 August 2014

    Bluewater Holdings bv, a Dutch supplier of floating production units and mooring systems to the international offshore oil and gas clients, has reported a deeper loss for the first half of 2014. The net result after tax for the six-month period ended June 30, 2014 was $67.3 million loss compared to $50.9 million loss for […]

  • Total’s profit, production drop

    30 July 2014
    Business & Finance

    French oil company Total today reported its adjusted net income for the second quarter of 2014 fell 12% compared to the corresponding period of 2013. The company recorded income of ∼$3.2 billion versus ∼$3.6 billion a year ago. Commenting on the results, Chairman and CEO Christophe de Margerie said: “Growing geopolitical tensions marked the second quarter […]

  • ExxonMobil to spend more in 2017

    2 March 2017

    U.S. oil giant ExxonMobil will increase its spending this year by 16 percent compared to the previous year and start up five major upstream projects in the next two years.  ExxonMobil Corporation is positioned to succeed in any price environment by maximizing the competitive advantages of its integrated businesses and by investing in projects that generate […]