Business & Finance
Nigeria: Afren Commences Development Drilling on Okoro East Field
Afren plc announces that development drilling has commenced on the Okoro East field, following the discovery in January 2012. In addition, a side-track of the existing Okoro-5 well has encountered additional oil volumes in a previously un-swept area of the reservoir within the Okoro main field, offs
Fairfield Energy: Osprey Subsea Manifold Needs Further Repairs (UK)
Fairfield Energy confirms that an ROV (Remotely Operated Vehicle) survey carried out following repairs to the company operated Osprey subsea manifold has identified the need for further repairs before operations at Osprey can resume. As it will take some time to source the equipment required to comp
MSC FLAMINIA Nears UK Coast
MSC FLAMINIA and its accompanying group of tugs are approaching the coast of the UK. Due to damaged cargo and extinguishing water, the vessel is listing by 11 degrees. After the prevailing fog of the last days lifted, a team of firefighting experts was able to board MSC FLAMINIA on Wednesday. Howeve
Singapore: Kreuz Wins Third-Party Subsea Project
Kreuz Holdings Limited, a subsea service provider for the oil and gas industry, announced that it has won a contract worth approximately US$13 million from a leading offshore company in the oil and gas business to provide subsea installation services in Southeast Asia. The work is scheduled to comme
Kreuz Holdings Wins Subsea Installation Services Contract (Singapore)
Kreuz Holdings Limited, a subsea service provider for the oil and gas industry, announced that it has won a contract worth approximately US$13 million from a leading offshore company in the oil and gas business to provide subsea installation services in Southeast Asia. The work is scheduled to comme
Spain: Gamesa Regains Operating Profitability
The persistence of adverse economic and sector conditions continue to erode Gamesa’s results which, nevertheless, in 1H12 recovers operating profitability and initiates its deleveraging process ahead of schedule in 1H12 (initially slated for the second half), generating a net cash inflow of €100MM i
Bermuda National Museum Recovers Remains of Sunken Warship (USA)
The Bermuda National Museum is conducting salvage operations of the naval warship Warwick that was hit by a hurricane in October 1619 and driven into the rocky shore of the Bermuda. According to maritime-executive.com, in 1969 Mendel Peterson, a famous Bermuda shipwreck hunter, located the remains o
France: Technip’s Second Quarter Results in Line with Objectives
French Technip announces that its Board of Directors on July 24, approved the second quarter and first half 2012 consolidated accounts. At the end of second quarter 2012, Technip’s backlog rose to €12,724 million, compared with €12,344 million at the end of first quarter 2012 and €9,413 million at t
Malaysia: SapuraKencana Secures EPCC Contracts for Two Topsides
The Board of Directors of SapuraKencana Petroleum Berhad announces that its wholly-owned subsidiary, Kencana HL Sdn. Bhd. has received Notices of Award both dated 2 July 2012 from Murphy Sarawak Oil Co., Ltd. for the Engineering, Procurement, Construction and Commissioning (EPCC) of Patricia Satelli
Malaysia: SapuraKencana Gets EPCC Contracts for PT-SA and SN-AA Topsides
The Board of Directors of SapuraKencana Petroleum Berhad announces that its wholly-owned subsidiary, Kencana HL Sdn. Bhd. has recently received Notices of Award from Murphy Sarawak Oil Co., Ltd. for the Engineering, Procurement, Construction and Commissioning (EPCC) of Patricia Satellite (PT-SA) Top
Oaktree Invests in Aberdeen-Based Integrated Subsea Services
US-based Oaktree Capital Management has invested in Aberdeen-based subsea oil and gas business, Integrated Subsea Services (ISS). This strategic investment will provide ISS with access to specialised vessels helping the company to capitalise on the current thriving global subsea market. Oaktree beco
Government to Conduct Survey of Wreck Area (Canada)
According to CBCNews, the federal government has on Tuesday sent out a tender for survey work of a warship wreck off Sambro Island, near Halifax. Namely, the First World War ship, S.S. City of Vienna, is considered to be a threat because there is up to 10,000 munitions in the site where it sank almo
Inland Salvage Refloats Stranded Drill Barge in Gulf of Mexico
Inland Salvage Inc. (ISI) continues to respond to meet the salvage demands of the maritime industry. ISI demonstrated its diversified capabilities with the offshore deployment ISI salvage and emergency response equipment and personnel in the successful fuel removal, partial dismantlement and refloat
Decom, Oil & Gas UK Open Bookings for Offshore Decommissioning Conference
Bookings have officially opened for the annual Offshore Decommissioning Conference organised by Decom North Sea in partnership with Oil & Gas UK. This year it is being held at a new venue, the Fairmont Hotel, St Andrews, on 9-11 October. With decommissioning North Sea oil and gas facilities projecte