Deep Down, Inc. an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, today announced that it has completed the design and has begun construction of a 3,200 metric ton Carousel System, which is scheduled for completion
Nexans has completed a 3 million Euro contract for SBM Offshore (Single Buoy Moorings) to manufacture and supply the specialized offshore power, control and instrumentation cables for the conversion of the Espirito Santo FPSO (Floating Production Storage and Offloading) vessel serving the BC-10 deep
Petrofac, the international oil & gas facilities service provider, has confirmed that its Offshore Engineering & Operations business has secured a new contract with Britannia Operator Limited (BOL). The deal, worth $54 million over five years with a further five year extension option, will see Petro
Subsea 7 Inc , one of the world’s leading subsea engineering and construction companies, announced today that it has been awarded a contract in the UK sector of the North Sea valued in excess of US $75 million. The Subsea 7 work scope is to engineer, fabricate, install and commission a pipeline bund
An oil leak of 1,000 barrels a day is entering the water about a mile below the surface of the Gulf of Mexico following the sinking of the Deepwater Horizon oil rig Thursday. The wreck of the burned out rig was located Saturday capsized on the sea floor about 1,500 feet northwest of the well [&helli
Officials at state oil monopoly Petroleos Mexicanos, or Pemex, can do little more than watch from the sidelines as oil majors break deep-drilling records on the U.S. side of the Gulf of Mexico. The recent startup of the massive Perdido offshore drilling hub — a joint-venture of Royal Dutch Shell Plc
Centrica Energy has received consent to conduct exploration drilling in the Norwegian Sea using the West Alpha semisub. The consent relates to the drilling of exploration well 6407/12-3, which is part of production license 470. The well is located about 126 kilometers north of Kristiansund and ten k
Harvey Bisso Subsea has completed its first subsea project performing saturation diving work in 105 metres of water at ATP Oil & Gas Corporation’s deepwater platform in Grand Isle block 115. Harvey Bisso Subsea used the ‘Harvey Discovery’, a DP2 certified multi-purpose support vessel outfitted with
France-based Technip has been awarded a three-year framework contract for the design, fabrication and supply of flexible pipe products for projects in Norway by Statoil. The framework contract will be executed by the group’s operating centre in Oslo, Norway. It covers the supply of flexible risers,
Ensco, USA, reported diluted earnings per share from continuing operations of US$1.11 for first quarter 2010, compared with US$1.59 per share in first quarter 2009. Earnings from discontinued operations were US$0.22 per share in the first quarter, compared to a loss of US$0.03 per share a year ago.
Murphy Oil Corp. announced Wednesday that its contracts with Malaysia allowing offshore exploration on two tracts of land have been terminated, as the land now belongs to Brunei. Malaysia awarded production-sharing contracts to the El Dorado-based company in 2003. But activity in the areas, designat
Diamond Offshore Drilling has reported a net income for the first quarter of 2010 of US$290.9 million, or US$2.09 per share on a diluted basis, compared with net income of US$348.6 million, or US$2.51 per share on a diluted basis, in the same period a year earlier. Revenues in the first quarter of 2
KTL Global, the supplier of rigging equipment to the offshore oil and gas (O&G) sector, says it will invest $6 million to set up one the largest rigging and sling manufacturing facilities in the Middle East. It will be located on a 10,000 sqm plot of prime industrial land in the Hamriyah Free Zone i
Aban Offshore today announced that `Venture Drilling (a 50% indirect joint venture of the company) and Maersk Oil Angola (Maersk 0il) have reached a mutual agreement to amend their drilling contract relating to drillship Deep Venture, bringing the specified term of the contract to midnight of Apr. 2
