Business & Finance
USA: Helix Proceeds with Construction of Newbuild Well Intervention Vessel
Helix Energy Solutions Group, Inc. announced that it is proceeding with the construction of a newbuild semisubmersible well intervention vessel. Owen Kratz, Helix’s Chairman and CEO, stated, “We are leveraging our market and technological leadership in subsea well intervention along with the proven
PGS Offers Data Packages for Cyprus’ 2nd License Round
The second license round offshore Cyprus opened 11th of February 2012. There will be official opening presentations by the Ministry of Commerce, Industry and Tourism of the Republic of Cyprus in Houston 22nd of February at the International pavilion at NAPE and in London at APPEX 6th of March. The r
TITAN Salvage Wins Marine Salvage Contract for US Navy
TITAN Salvage, a Crowley Maritime Corp. company, has been awarded a contract to serve as the commercial marine salvage and engineering support contractor for the Naval Sea Systems Command (NAVSEA), the division of the U.S. Navy responsible for engineering, building, buying and maintaining Navy ships
TGS Starts Third 3D Multi-Client Seismic Survey Offshore Australia
TGS has commenced acquisition of a 3D multi-client seismic survey in the Outer Exmouth Plateau area. The new survey, Gnaraloo, covers 2,093 km2 over parts of blocks WA-347-P, WA-348-P and neighbouring open acreage to the north of the Mary Rose Northeast 3D multi-client survey, previously announced i
UK: Petrofac Buys KW
Petrofac, the international oil & gas service provider, has acquired the Fetcham-based KW Limited (KW). KW Limited, which also has an office in Aberdeen, is a high-end subsea pipeline consulting and engineering services business with an established reputation in the subsea pipeline market. As at 31
UK: Development Well Spudded at Clipper South
Fairfield Energy Limited announces that the first development well for the Clipper South gas field was spudded on 8th February. The well (48/19a-C1) is targeting a tight Permian age Rotliegend reservoir at a depth of some 8000 feet and is the first of up to five extended horizontal wells with multip
Norway: Subsea 7 Bags Contract for Svalin C Field Development
Subsea 7 S.A. announced the award of a SURF contract valued at approximately $80 million from Statoil on Svalin C Field, situated in the central part of the North Sea, six kilometres southwest of the Grane Field. The contract scope includes the transport and installation of a 4 slot Integrated Templ
Norway: Subsea 7 Goes SURFing on Statoil’s Svalin C Field
Subsea 7 S.A. has clinched a SURF (subsea, umbilical, riser and flowline) contract valued at approximately $80 million from Statoil on Svalin C Field, situated in the central part of the North Sea, six kilometres southwest of the Grane Field. The contract scope includes the transport and installatio
USA: Helix Completes Detailed Engineering for New Well Intervention Vessel
Helix Energy Solutions Group, Inc. announces that it is proceeding with the construction of a newbuild semisubmersible well intervention vessel. Owen Kratz, Helix’s Chairman and CEO, stated, “We are leveraging our market and technological leadership in subsea well intervention along with the proven
TGS Begins Seismic Shoot in Exmouth Plateau, Australia
Norway’s TGS has commenced acquisition of a 3D multi-client seismic survey in the Outer Exmouth Plateau area. The new survey, Gnaraloo, covers 2,093 km2 over parts of blocks WA-347-P, WA-348-P and neighbouring open acreage to the north of the Mary Rose Northeast 3D multi-client survey, previously an
Hyperdynamics Finds Oil Traces Offshore Guinea
Hyperdynamics Corporation yesterday announced that the Hyperdynamics-operated Sabu-1 exploration well reached the planned total depth of 11,844 feet in a water depth of 2,329 feet, approximately 90 miles southwest of Conakry, Guinea. The well encountered oil shows while drilling the targeted Upper C
The Netherlands: VOSTA LMG Celebrates 10 Year Anniversary
VOSTA LMG BV is already 10 years operative. VOSTA LMG dredging technology is a merger between LMG Marine Technology Department and VOSTA BV. Although this was a new name in 2002, the company embodies 140 years of experience and expertise. Now, ten years later, VOSTA LMG has proven to be a serious pa
UK: Coastline Surveys Completes Pre-Dredge Vibrocore Survey in Portsmouth Harbour
Coastline Surveys Ltd has completed a major contract for a geotechnical survey and laboratory analysis in support of the MoD’s capital dredge campaign in Portsmouth Harbour. The programme is to support the extensive upgrade and deepening of the channel. The pre-dredge geotechnical survey involved th
Norway: Bergen Group CEO Pleased with Offshore Division
Bergen Group today reported that during the fourth quarter of 2011 the company had a turnover of NOK 932 million and a profit of NOK 47 million before depreciation and write-downs. The group had a total turnover of NOK 3 735 million for the entire 2011, which constitutes a growth of nearly 12 per ce