Cluff Natural Resources has announced an initial JORC resource estimate of 335 million tonnes of coal of which 247 million tonnes is measured and indicated, within its 100% owned Kincardine Licence in the Firth of Forth, Scotland. This initial resource estimate is a key step towards building the UK’
With steady growth of the offshore wind industry in the near and further future, offshore wind turbines reach their age limit or maximum operating duration. The need for repowering of wind turbines is foreseeable and provides the players of the offshore wind industry, politics and business with new
Last week, Ichthys LNG Project has celebrated an offshore installation of the Riser Support Structure (RSS) tower at the Ichthys Field. McDermott successfully delivered the riser support structure (RSS) for the INPEX-operated Ichthys LNG Project’s subsea umbilical, riser, flowline development. “The
The Alder is a high-pressure and high-temperature gas condensate field located in Block 15/29a of the UK Continental Shelf. The field lies in a water depth of 150 meters in the central North Sea and it’s presenting its own set of technically challenging requirements. Among them, a critical link that
UK based engineering and construction player Subsea 7 saw profits go up in the third quarter of 2014 on operating income jump, lower costs and lower currency losses. The company scored $206 million in net income, compared with $160 million in the third quarter (Q3) last year. As for the first nine m
Hyundai Heavy Industries Co., Ltd. (HHI) signed a contract for a $1.94 billion order for the second package of the Nasr Full Field Development Project from Abu Dhabi Marine Operating Company (ADMA-OPCO). As per the contract, HHI will undertake engineering, procurement, construction, installation and
Prysmian Group has announced new investments worth over € 40 million to upgrade production capabilities in its cable plants in Pikkala, Finland and in Arco Felice, Italy. The factories are already the Group’s centres of excellence for high voltage and submarine cable production. These new investment
McDermott International has been awarded a three-year shallow water pipeline contract by Brunei Shell Petroleum Company Sdn. Bhd. (“BSP”) to transport and install pipelines and umbilicals for the Champion and Ampa Fields offshore Brunei. Work is expected to be executed through 2017. The full scope o
Solstad Offshore has recorded a higher gain in the third quarter 2014, backed by its AHTS and CSV segments. The company scooped a gain of NOK 253 million ($37.3 million) versus NOK 233 million in the same period of 2013. Revenue climbed from NOK 992 million to NOK 1.13 billion on improved rates and
KBAT has held a three day Deck Decompression Chamber (DDC) operator course at Samcheonpo Seoul hospital in Sacheon City, South Korea. A total of 17 students from various Korean Diving companies and operators of hyperbaric treatment chambers attended the course which was organised by Lee Chan Soo of
Shipbuilder and designer of offshore and specialised vessels, Vard Holdings, has seen its profit slip into the red, mainly due to operational expenses. Vard reported a net loss of 37 million Norwegian kroner (NOK) for its third quarter ended 30 September this year compared to a net profit of 76 mill
Cap Energy announces that a 3D seismic survey on the Block 5B, offshore Guinea-Bissau, started on November 04, 2014. The contract was awarded to Polarcus Limited and will cover an area of circa 2,673 km2 over the Block. The survey is expected to take approximately two months to complete, after which
6 Alpha Associates has carried out work on three projects under the framework agreement it signed with TenneT, the European grid operator, in January 2014. The work has seen 6 Alpha Associates provide complex survey and risk management consultancy for unexploded ordnance (UXO) risk in the marine env
BMT Scientific Marine Services (BMT) has been selected by Esso Angola to provide maintenance services for systems installed on the two Kizomba Tension Leg Platforms (TLP) offshore Angola. BMT previously installed integrated marine monitoring systems (IMMS) on the TLP and Floating Production Storage
