Further to the announcement dated September 20, 2011, the Boards of NKT Holding NS and Subsea 7 S.A. have completed their review of strategic alternatives for the future development of NKT Flexibles (the “Company”) which has been operated as a joint venture between NKT Holding A/S (51%) and Subsea 7
Aberdeen-based experts Ecosse Subsea Systems are preparing to showcase their innovative subsea technology at Europe’s largest conference and exhibition for the industry. During the Subsea 2012 event at Aberdeen Exhibition & Conference Centre (AECC) on February 8th and 9th, Mike Wilson and his team w
French oil giant, Total, operator of the Hild license, launches the development of Hild field located in the Norwegian North Sea. This development will represent an investment of US$4.2 billion (NOK 25.6 billion) and is subject to the approval of the Norwegian Ministry of Petroleum and Energy and No
Royal Dutch Shell’s fourth quarter 2011 earnings, on a current cost of supplies (CCS) basis, were $6.5 billion compared with $5.7 billion in the same quarter a year ago. Full year 2011 CCS earnings were $28.6 billion compared with $18.6 billion in 2010. Fourth quarter 2011 CCS earnings excluding ide
The platform supply vessel M/V Blue Fighter of PX121 design delivered by ULSTEIN in January has won a contract with American company Apache for work in the North Sea. The ship was delivered from Ulstein Verft to Blue Ship Invest on 19 January, and entered the spot market in the British North Sea sec
UAE-based seismic specialist, Polarcus Limited has received a Letter of Intent from Shell Kanumas A/S for a nominal 8,500 sq. km 3D seismic acquisition project offshore Greenland. The project, to be acquired by two ICE-1A/1A* class vessels, POLARCUS AMANI and POLARCUS SAMUR, will commence in Q3 2012
Bergen Group Offshore has, through its subsidiary Bergen Group Rosenberg AS, been awarded a contract by Statoil for fabrication of subsea structures for the Åsgard Subsea Compression Project with an estimated value of 50 MNOK. The project involves delivery of 12 off PLEM structures (Pipeline End Man
REMONTOWA SHIPBUILDING S.A has signed a contract for building of a Platform Supply Vessel for Edison Chouest Offshore from Louisiana, USA. New building vessel is continuation of the series of four units of the same type which has been started last year. She will be built according to the project ela
Aker Solutions acquires Norwegian engineering company Sandnessjøen Engineering. The acquisition will strengthen Aker Solutions’ presence in northern Norway and grow the company’s engineering capacity for offshore projects. Over the past 20 years, Sandnessjøen Engineering has established a strong and
Subsea 7 S.A. has been awarded a contract valued at approximately $100 million from BP Exploration Operating Company Limited for the Clair Ridge Project, West of Shetland. The Clair Ridge development will comprise two new, bridge-linked platforms to be located to the North-East of Clair Phase 1. The
A new low friction, non-porous, wear resistant tungsten carbide coating from Hardide Coatings has enabled UNITECH Offshore AS to design a unique ROV-operated subsea high-pressure connector with integrated ball valve for use in critical production applications including wellhead control, gas lift and
Robotic Technologies, a business line of Fugro Subsea Services Limited, has announced the introduction of three-dimensional sea current profiles to its DeepWorks family of subsea simulators. Users can now model currents as they vary with depth and location, enabling more realistic representations of
EnQuest PLC (‘EnQuest’) today announces that it has completed the acquisition of two companies from Canamens Limited, whose assets include the 20% interest in the Kraken offshore oil discovery. This agreement was announced on 9 January 2012 under which EnQuest would pay an initial consideration of U
Schilling Robotics, LLC, a company specializing in subsea systems, announced today the delivery of a new HD™ ROV system to underwater technology firm Seabed, based in Norway. The order was for HD 23, which is a 150hp, 4,000m-rated ROV system and was delivered in December 2011. “We are very proud to
