Wood Mackenzie’s latest analysis of the Johan Castberg area considers the alternative development concepts under consideration by Statoil and partners Eni SpA (ENI) and Petoro AS. Wood Mackenzie says the Norwegian project could achieve an internal rate of return (IRR) of 15.9% and breakeven of less
Scientists from the National Oceanography Centre are preparing to set sail to sub-polar regions on a very technical and scientific challenge, to measure the currents of the northern North Atlantic Ocean from the surface to the seafloor. They hope to discover the key processes that control heat conte
Claxton, an Acteon company, has been awarded a multi-year contract with Det norske oljeselskap ASA of Norway. The biggest single riser contract in Claxton’s history. Running from January 2014 until June 2020 (with optional periods of 1+1 year), the contract includes high- and low-pressure risers, au
Last month a team of Hydrex diver/technicians performed a blade modification on the propeller of a 190-meter bulk carrier in La Brea, Trinidad and Tobago. All five blades of propeller were severely bent and cropping was the only option. Hydrex has developed a wide range of procedures to repair all t
ECN has developed an O&M System, which helps to reduce offshore wind farm maintenance costs and increase yields. The system incorporates strategic deployment of manpower, vessels and materials. “We’re talking about huge sums,” declares Peter Eecen of ECN. “About a quarter of the total energy costs o
Cable Solutions Worldwide Ltd, based in Aberdeenshire’s Craigearn Business Park, has secured a frame agreement to supply electrical wire and cable to Aker Solutions ASA and Kvaerner AS facilities worldwide. Cable Solutions Worldwide Ltd, which will supply the services as a joint venture business set
DONG Energy has reported that 292 kilometres north west of Esbjerg, the support structure for Hejre platform is now well planted in the North Sea. The first physical signs of a new platform in the North Sea are there. The 8.400-tonne steel structure, called a jacket, which is the support structure o
PD&MS Energy, an international engineering company, has secured a major five-year North Sea contract extension with CNR International (CNRI). The Aberdeen-headquartered business will continue to provide services ranging from engineering, procurement and offshore construction for all the operator’s d
Tangiers Petroleum Limited has provided an update related to progress of its Moroccan operations. Fully Funded for Drilling of TAO-1 (dry hole case, trouble free) Tangiers has confirmed that the dry hole cost for the drilling of TAO-1, on a trouble free basis, is $73 m and in line with the previous
BGP Seismic Vessel SRV BGP Challenger recently started a 2D seismic survey in Brazilian offshore right after its completion of a 2D survey in Namibia. With a complete routine maintenance as well as a thorough preparation, the vessel passed the audit conducted by Brazil NAVY and PSC shortly after arr
DBR will supply emergency/harbour diesel generator sets for six new pipelaying vessels under construction at IHC Merwede in the Netherlands for Subsea 7 and SapuraKencana. The order for the custom engineered units, generating up to 1,875 kVA, follows DBR’s successful delivery of three similar genera
WHL Energy Limited has reported on progress in the interpretation of an interim processed volume of the La Bella 3D Seismic Survey acquired in the VIC/P67 exploration permit (WHN: 40%) in the offshore Otway Basin, Victoria, in which AWE Ltd. subsidiary Peedamullah Petroleum also holds 60% equity. WH
Wood Group Kenny (WGK) has been awarded a $60 million call-off contract, for 2014, with BP Azerbaijan under their 2007 Global Agreement. The contract will cover engineering and project management services for the Shah Deniz 2 Subsea Execute phase. WGK has worked with BP on the Shah Deniz project sin
International oilfield services company, Expro, posted strong business growth and enhanced safety performance, for the fiscal year ending March 31, 2014. Revenue increased 15.3% to $1.4bn, headline EBITDA grew 32.4% to $384.9m compared to the fiscal year ending March 31, 2013, while safety performan
