On June 6th, Kenz Cranes, well-known specialist in offshore lifting and hoisting solutions, successfully delivered the new build 12t ram luffing pedestal crane. The crane was handed over to the Sea Trucks Group (STG) for installation onboard the newly build DP-2 construction support vessel ‘Jascon 5
BG Group today issued hybrid bonds totalling US$1.57 billion, another step in the execution of its approved funding plan to support the company’s investment programme. The bonds, which comprise tranches of £600 million and €500 million, mature in 2072. The bonds are long-dated, subordinated securiti
The Greater Bongkot South field reached the DCQ gas production at 320 MMSCFD adding total supply to 20% of Thailand natural gas demand. Mr. Tevin Vongvanich, the President and CEO of PTT Exploration and Production Public Company Limited or PTTEP has disclosed that the Greater Bongkot South field (GB
Fugro-TSM Asia Pacific, has been awarded a five year Life of Field support contract in Malaysia from Murphy Oil Ltd., with a value in excess of USD 140 million. The work on the project started in May 2012. Fugro-TSM will be responsible for the project management, engineering of a variety of work-sco
The Pieter Schelte features a unique design concept with a displacement at full load of nearly 900,000 tonnes. It is capable of lifting 48,000 tonnes and the pipelay tension capacity will be 2,000 tonnes, doubling the capacity of the world’s current largest pipelay vessel, Allseas’ Solitaire.
Statoil has informed Odfjell Drilling that it is exercising the option for maximum duration of the new drilling contract, which means that Deepsea Bergen will be drilling on the Norwegian continental shelf for another five years. This autumn, the rig will be modified for drilling production wells on
Serica Energy plc , an independent oil and gas exploration and production company with major licence interests offshore West Africa and reserves and exploration assets in the North Sea and the Atlantic Margin off Ireland, gives an operational update on seismic operations off the coast of Namibia. Se
Aibel is to carry out even more work on the Norne vessel in connection with the fast-track development of the Skuld field. Statoil has exercised several options in the contract at a total value for Aibel of around NOK 150 million (USD 25 million) . “The contract will be extended by eleven months and
On March 6, 2012, Polarcus received a Letter of Award for a 3D seismic acquisition project offshore Australia. The UAE-based seismic specialist has today announced it has received confirmation of an extension to the previously announced Letter of Award from Woodside. The project extension is expecte
Steph McNeill, Subsea 7’s Vice President, UK and Canada said: “We are pleased to be awarded this major pipeline project with this client, which builds upon our unique bundle technology.”
Chevron has sealed and abandoned the shallow water Funiwa 1A natural gas well after completing the drilling of a relief well. The relief well was drilled by the Transocean Baltic rig. Production at the North Apoi field, which had been shut in as a precaution, has also been restored and the field is
Navingo has said that online visitors can register for a free visit to Offshore Energy 2012 Exhibition. The fifth edition of this two-day, international offshore and energy event on Tuesday 23 and Wednesday 24 October 2012, takes place in the Amsterdam RAI, the Netherlands. The 5th edition of Offsho
IceBlue Refrigeration Offshore, the newest company within the Ferguson Group, is celebrating its first successful year in business supplying specialist refrigeration containers to the global offshore energy sector. IceBlue Refrigeration Offshore was formed last year in response to the increasing mar
Leading marine contractor Gardline Geosurvey has selected Sonardyne International’s Ranger 2 USBL tracking system as part of a multi vessel upgrade programme. By equipping its survey vessels with Sonardyne’s latest generation acoustic technology platform, Gardline will now benefit from Ranger 2’s ab
