News
RenewableUK Hails Job Creation with Triton Knoll
Following today’s decision by the Secretary of State for Business, Energy and Industrial Strategy, Greg Clark, to grant consent for the electrical infrastructure for Triton Knoll offshore wind farm, RenewableUK highlighted the potential for job creation throughout the UK. The Triton Knoll offshore w
Siem Wraps Up Nordsee One Inter-Array Cabling Ahead of Schedule
Siem Offshore Contractors has completed the installation of Nordsee One inter-array cables three weeks ahead of schedule, with all inter-array cables now installed, terminated, trenched and tested. The company used its cable-laying vessel Siem Aimery and the installation support vessel Siem Moxie, t
Siem Wraps Up Nordsee One Inter-Array Cabling Ahead of Schedule
Siem Offshore Contractors has completed the installation of Nordsee One inter-array cables three weeks ahead of schedule, with all inter-array cables now installed, terminated, trenched and tested. The company used its cable-laying vessel Siem Aimery and the installation support vessel Siem Moxie, t
Nobelwind OSS Ready to Sail Away
During the weekend, Bladt Industries loaded out the 1,100-tonne Nobelwind (Belwind 2/ Bligh Bank 2) offshore substation at its production facilities in Aalborg. The installation of the offshore substation is set to take place mid-September. Construction of the substation started in May 2015 and, as
Novatek CEO: Yamal LNG 76 pct complete
Novatek-led US$27 billion Yamal LNG project reached 76 percent completion and is on schedule to produce first liquefied natural gas in 2017, according to Novatek’s CEO Leonid Mikhelson.
Nicon to Provide Bold Tern’s Seafastening for Veja Mate
Nicon Industries has secured an order for fabrication and installation of seafastening structures for Fred. Olsen Windcarrier’s jack-up vessel Bold Tern, which will install wind turbines at the Veja Mate offshore wind farm. Under the contract, Nicon will manufacture over 600 tonnes of steel structur
Oil slips towards $47 as hopes for producer action wane
Oil slipped towards $47 a barrel on Tuesday, falling further from the previous session’s one-week high on receding hopes for imminent action to tackle a supply glut.
Despite cuts, Big Oil to expand production into the 2020s
By Ron Bousso LONDON (Reuters) – Never mind the drop in crude prices, huge spending cuts and thousands of job losses – the world’s top oil and gas companies are set to produce more than ever for some time. While top oil companies struggle with slumping revenues following a more than halving of price
Statoil increases stake in Barents Sea discovery
Norwegian oil firm Statoil is increasing its share in OMV’s Barents Sea oil discovery – the Wisting. Statoil is acquiring an increased Wisting share through the acquisition of Tullow Oil’s ownership in four blocks offshore Norway. Wisting is located in PL537 in the Barents Sea. “This transaction ref
ESS Orders New Carousel Design from Ardmore Craig
Ecosse Subsea Systems (ESS) has awarded Ardmore Craig with a contract for the design of a carousel and associated spooling spread destined for cable storage activities. The order has been earmarked by a utility company for 40-year storage of a number of spare cable lengths. The carousel will be desi
Novatek secures Yamal licence
Russia’s Novatek, the developer of the giant Yamal LNG project, has won a licence to carry out exploration and production in the Syadorskiy subsoil area of the Yamal Peninsula. Novatek-Yurkharovneftegas, a unit of the independent gas producer won the bid for the Syadorskiy subsoil area for a term of
Three firms join forces to offer integrated marine ops
Aqualis Offshore, Aptomar, and Kolos Marine have entered into a cooperation that will provide oil companies and rig operators with an integrated offering of marine operations and field monitoring services on the Norwegian Continental Shelf. Under the cooperation agreement, marine and offshore engine
Kongsberg introduces new integrated vessel concepts
Kongsberg Maritime, a global marine technology company, has launched a new portfolio of fully Integrated Vessel Concepts (IVC) designed to harmonize handling, operations and energy systems on a wide range of specific vessel types. Kongsberg said on Tuesday that the concepts are the product of the co
Ocean Rig loses drillship
Struggling offshore driller Ocean Rig UDW has amended its credit facility signed with DNB Bank in February 2015 for up to $475 million. To remind, the original loan deal was signed by Ocean Rig’s subsidiary Drillship Alonissos Shareholders, and the owner of the Ocean Rig Apollo drillship, with the c