Fossil Energy
Thalassa’s WGP to support seismic operations in Alaska
Thalassa Holdings’ subsidiary WGP Group Ltd has executed a contract with SAExploration, Inc. to provide shallow water source handling and deployment services for seismic acquisition projects in the North Prudhoe Bay, Alaska. Mobilisation is anticipated to start on 15 June 2014 and the survey will la
Senergy joins Plexus’ subsea wellhead JIP
Plexus Holdings PLC announced that Senergy Holdings Limited has signed up as an additional Consulting Partner to Plexus’ on-going Joint Industry Project (‘JIP’) to develop and commercialise a new and safer subsea wellhead, utilising Plexus’ patented POS-GRIP technology. This follows previous news re
Seadrill 3Q net income at $315M
Seadrill has reported that its consolidated revenues for the third quarter of 2013 were US$1,280 million compared to $1,268 million in the second quarter of 2013. The increase is primarily due to the inclusion of Sevan Drilling and jack-up rigs AOD II and West Tucana, and tender rigs T-15 and T-16 e
Wood Group wins $500M contract from Talisman Sinopec (UK)
Wood Group PSN (WGPSN) has been awarded its first major contract in the UK in 2014. The five year contract extension from Talisman Sinopec Energy UK is valued at $500 million USD and includes an option for two additional, two year extensions. Under the scope, WGPSN will provide engineering & modific
Subsea tree installed at Pateke well (New Zealand)
AWE Limited reports that as at 06:00 hours (6.00am NZDT) today, the Pateke-4H development well, offshore New Zealand, was at a measured depth of 1,507 metres and 13 3/8 inch casing had been run and cemented with the casing shoe set at 1,504 metres. The subsea tree has been successfully installed, pr
Kongsberg marks 50th delivery of HAIN Reference System
Kongsberg Maritime has delivered its 50th HAIN (Hydro Acoustic aided Inertial Navigation) Reference System, to long-time HAIN user, Ocean Rig. HAIN significantly improves reference data accuracy and update rate sent to Dynamic Positioning (DP) systems to support safer, more reliable and efficient of
Record order intake for Vard
Vard Holdings Limited , one of the major global designers and shipbuilders of offshore and specialized vessels, today announced its fourth quarter and full financial year 2013 (“4Q2013” and “FY2013”) results ended 31 December 2013. Record order intake translates into improved visibility as order boo
Sembcorp net profit grows (Singapore)
Sembcorp Industries (Sembcorp) delivered healthy profit growth in the first nine months of 2013 (9M2013). Net profit grew 9% to S$596.7 million from S$548.6 million in 9M2012 while turnover increased 6% to S$7.8 billion from S$7.4 billion. Sembcorp’s main profit contributors continued to be its Util
MacGregor subsea crane for COSL Anchor Handler
MacGregor, part of Cargotec, has secured an order from Wuchang Shipbuilding Industry for a 100-tonne SWL active heave-compensated subsea crane. The MacGregor crane will be installed on the anchor handling tug supply (AHTS) vessel, currently under construction for the offshore specialist, China Oilfi
Mermaid Marine to buy Jaya
Mermaid Marine Australia Limited will buy Jaya for S$625 million
BP starts production from Na Kika Phase 3 (USA)
BP begins production from another major upstream project, highlighting its commitment to key US offshore region.
Six offshore discoveries in India declared commercial
Jubilant has declared commerciality of six discoveries (KG-16, KG-22, KG-31, KG-21, KG-19 and KG-20SS) in Block KG-OSN-2001/3, off the eastern coast of India. GSPC, the Operator of the block, had submitted a commerciality analysis report on the six discoveries to the Ministry of Petroleum & Natural
BOEM Proposes $134M offshore oil spill liability cap
The U.S. Bureau of Ocean Energy Management (BOEM) has proposed to administratively increase the limit of liability for oil-spill removal costs and related damages from $75 million to approximately $134 million. The increase would apply to offshore facilities in federal and state waters under the Oil
Oil & Gas UK welcomes Sir Ian Wood’s report
Oil & Gas UK has welcomed Sir Ian Wood’s final report, published today , setting out his recommendations and strategies for maximising the economic recovery of the country’s remaining oil and gas resource. Commissioned by DECC last year to conduct an independently led review of oil and gas activity