GE Oil & Gas has added the capability to fabricate subsea wellheads in Nigeria. The announcement was made in Lagos by Uzo Nwagwu, chief operating officer for GE Oil & Gas in Nigeria. The company regards this as a major milestone for GE Oil & Gas in their efforts to substantially increase the local c
DOF Subsea, a subsidiary of DOF ASA, has been awarded multiple contracts, with a total value of approximately NOK 400 million ($59 million). The contract awards will improve the utilization of the subsea project vessels in the Asia Pacific, Atlantic and North America regions. As per September 30, 20
Technip has announced an investment over four years to modernize its flexible pipe manufacturing plant, Flexi France, in Le Trait, France. Further boosting Technip’s expertise and industrial capabilities at the site will reinforce its global position in the production of flexible pipes, for the deve
Vallourec, has been awarded a contract to supply premium tubes and connections for the ultra-deep offshore Kaombo project in Angola, operated by TOTAL E&P Angola. As part of this contract, Vallourec will supply 27,000 tons of OCTG (Oil Country Tubular Goods) for wells drilled within 1,400 to 2,000 m
Boskalis is raising its full-year net profit outlook to EUR 450 million. At the publication of the first-half results, the full-year net profit was expected to amount to at least EUR 366 million. Due to the substantial close-out results realized on old dredging projects Boskalis has decided to raise
In the 3rd quarter of 2014 DOF Subsea had a pre-tax profit of NOK 115 million (NOK 210 million in Q3 2013) and the profit after tax was NOK 91 million, versus NOK 171 million same time last year. The total operating income In the 3rd quarter of 2014 was NOK 1 815 million (vs. NOK 1 […]
GEOMAR Helmholtz Centre for Ocean Research Kiel, the Oceanic Platform of the Canary Islands (PLOCAN) and the University of Las Palmas de Gran Canaria (ULPGC) have joined forces to boost marine research activities, education and technology at Gran Canary. The three partners signed an agreement at the
MBARI’s R/V Western Flyer has headed to sea for an 8-day expedition with the Midwater lab, led by Bruce Robison. One of the goals of this expedition is to deploy the mini ROV to conduct shallow water transects and to practice operating this vehicle from the deck of the Western Flyer for the first ti
After successful testing, grid operator TenneT and Siemens have now initiated the trial run of the BorWin2 direct current link. After several weeks of trial operation, the grid link will be able to go into controlled operation in the first few months of 2015. With a transmission capacity of 800 mega
DNV GL has established a Joint Industry Project (JIP) to develop guidelines for a decision support framework for corrosion assessment and integrity management of ageing wells. Many wells are reaching an age of upwards of 30 or 40 years, and operators are facing a growing challenge to predict output,
Technip has been awarded a contract by Anadarko Petroleum Corporation for the K2 Riser Base Gas Lift project, located in Green Canyon 608 in the Gulf of Mexico, at a water depth of approximately 1,300 meters. Technip’s operating center in Houston, Texas, USA, will conduct the overall project managem
The Director General of Transport Red Eléctrica de Spain, Carlos Collantes, President of the Balearic Government, Jose Ramon Bauza, and President of the Consell Insular de Ibiza, Vicent Serra, have presented a draft of the submarine electrical connection between Ibiza and Mallorca. Red Eléctrica wil
The Petroleum Safety Authority Norway (PSA) has given Statoil consent to use the Songa Dee mobile drilling facility for production drilling on Gullfaks satellites, well template P. The consent entails an extension of an existing consent for Songa Dee at Gullfaks issued in June 2011. Three satellite
Oslo-listed seismic player Polarcus has slipped into the red as revenue slumped on a market slowdown due to cost-cutting by oil companies. The company recorded a net loss of USD 8.9 million in Q3 2014 compared to a net profit of USD 19.9 million in Q3 2013. Basic and diluted EPS were negative USD 0.
