News
Global Energy Development Targets Subsea Market
Global Energy Development said it has conditionally agreed to purchase 11 offshore subsea service vessels and a barge vessel as it seeks to adopt a new business strategy focusing on the subsea oilfield services sector. Global will acquire three vessels from Everest Hill Group through the purchase of
Petrobras Hires Skandi Vitoria PLSV
Brazilian state oil company, Petrobras, has awarded pipelay support vessel (PLSV) Skandi Vitoria a contract of 532 days. The contract for the first pipelay vessel ever built in Brazil will start in January. The vessel is owned through a joint venture together with Technip. Skandi Vitoria is equipped
IOG eyes export route for Southern North Sea gas assets
Looking to provide an export route for its Southern North Sea assets, Independent Oil and Gas (IOG) is in discussions to buy a currently disused pipeline. The company said on Monday it has signed a memorandum of understanding for the 100% acquisition of a currently disused pipeline in the Southern N
Quadrant done with Phoenix appraisal well
Quadrant Energy has completed the Phoenix South-2 appraisal well, offshore W. Australia, and the rig has now left the drilling location. The well drilled an estimated 39 meter hydrocarbon-bearing zone between approximately 5,176 and 5,215 metres with significant gas influx and elevated reservoir por
Telia Carrier Boosts Its Baltics Subsea Network
Telia Carrier has established a new route stretching from Stockholm to St. Petersburg via Tallinn, and has upgraded multiple submarine cables to future proof its network, bringing lower latency and additional capacity. The new route should further diversify the wholesale carrier’s network and the up
New Members Join OMM
Offshore Marine Management (OMM) has welcomed two new members to its team. Perry Symons joins the OMM as chief operating officer. Overseeing OMM international offshore projects, he will also co-ordinate service development at a strategic level. Symons brings over twenty years’ experience and knowled
Corps Extends Comment Period for Rahway River Study
The USACE, in partnership with the New Jersey DEP, has announced the extension of the review period for the Draft Integrated Feasibility Report and Environmental Impact Statement for the Rahway River Flood Risk Management Study for an additional 15 days. A notice of availability for the DIFR and EIS
Final El Faro Hearings to Start in February
The third and final Coast Guard Marine Board of Investigation hearing into the El Faro disaster is scheduled to start on February 6, 2017, in Jacksonville. This hearing will examine additional elements of the investigation including crew witnesses, TOTE company officials, Coast Guard officials and c
Aker BP to boost output in 2017
Norwegian E&P player Aker BP expects to boost its production in 2017, aiming for a 12 percent growth rate by 2023. In 2016, Aker BP’s production was 118,200 barrels of oil equivalents per day (boepd), about 80 percent oil and 20 percent gas, the company said on Monday. In 2017, production is expecte
Ecosse Subsea Services Bags Bank Funding
Ecosse Subsea Services (ESS) has agreed a multi-million-pound revolving credit facility with full service bank Handelsbanken. The new relationship should support the Banchory-based subsea engineering specialist as it tenders for larger renewables and power generation contracts. The company said it w
BW Names Second LNG FSRU Newbuilding
Oslo-listed gas shipping company BW Group held a naming ceremony for the company’s second LNG floating storage and regasification unit (FSRU), the BW Integrity, at Samsung Heavy Industries Shipyard on January 12. In August 2016, BW signed a 15-year agreement with Pakistan GasPort Limited (PGPL) to p
USACE to Organize Industry Day in Chicago
The U.S. Army Corps of Engineers, Chicago District has just announced that it will host an Industry Day, February 21st 2017, to showcase $70 million in contracting opportunities for FY17- FY18. It will be held from 8:30 a.m. – 5 p.m. at the Ralph H. Metcalfe Federal Building in Chicago, IL. This eve
Royal IHC launches DEME’s second LNG-fueled dredger
Dutch shipbuilder and maritime equipment supplier, Royal IHC, on Saturday, January 14, launched DEME’s LNG-fueled trailing suction hopper dredger at its shipyard in Krimpen aan den Ijssel.
Hurricane Energy spuds Halifax well (UK)
Hurricane Energy plc has spudded the Halifax well, in the North Sea, offshore UK, using the Transocean Spitsbergen drilling rig. The well, formally known as well 205/23-A well, is located in the recently recently awarded P2308 license (“Halifax”), for which Hurricane believes is contiguous to and ex