John Wood Group PLC (“Wood Group” or the “Group”) is an international energy services company employing around 43,000 people worldwide and operating in 50 countries. The Group has three businesses – Wood Group Engineering, Wood Group PSN and Wood Group GTS – providing a range of engineering, product
Subsea 7 S.A. announced the award of a contract valued at approximately US$380 million from Statoil for the Aasta Hansteen gas field, located west of Bodø in the northern part of the Norwegian Sea. The contract comprises the design, coating, fabrication and installation of 19km of rigid flowlines; a
Following its recent acquisition of Tidal Generation Limited from Rolls-Royce, Alstom ‘s 1MW tidal turbine generated power for the first time at the European Marine Energy Centre’s (EMEC) tidal test site in Orkney, Scotland. After the successful test of its 500kW device, it is the second Alstom tida
IEV Holdings’ Board announced that its 49% associate, IEV Malaysia, has been awarded a Letter of Award to transport and install an integrated Tension Leg Platform (“TLP”) from Sabah Shell Petroleum Company Limited (“Sabah Shell”) in the Malikai field offshore Sabah, Malaysia (the “Project”). A forma
2013 is shaping up as a watershed year for Chatham Rock Phosphate, Edison Investment Research says in its latest update. “CRP is moving closer to demonstrating a commercially and technically viable undersea mining project,’ Edison says. “Risks still remain but the most significant are easing,” accor
TAQA, the global energy company based in Abu Dhabi, can confirm that a hydrocarbon release was detected in one of the Cormorant Alpha platform legs in the northern UK North Sea. It has now been contained with no further hydrocarbon release. The release remained within the platform leg and no hydroca
AMEC, the international engineering and project management company, has been appointed by BP and its co-venturers, Shell, ConocoPhillips and Chevron, to deliver the hook up and commissioning services (HUC) for the two new Clair Ridge platforms. The work, which is scheduled to run through to March 20
Two incidents involving minor personal injuries and one near-miss hazardous situation were reported in 2012 in connection with saturation diving in connection with petroleum activities. This is discussed in the Petroleum Safety Authority Norway’s (PSA’s) report from the DSYS diving database. This ye
Technip announces that it has signed two agreements with State Corporation Russian Technologies (Rostec) during the official meeting between François Hollande, President of the French Republic, and Vladimir Putin, President of the Russian Federation, held yesterday in Moscow, Russia. The agreements
On Sunday February 24, the last production well on Glitne was shut down, after 12 years of production. With a quadrupling of its useful life, more than doubling of production and excellent partnership cooperation, Glitne has been a success for compliance, both for Det norske and the other licensees.
McDermott International, Inc. reported net income of $40.5 million, or $0.17 per diluted share, for the 2012 fourth quarter. The results of the 2012 fourth quarter compare to income from continuing operations of $9.3 million, or $0.04 per diluted share, in the corresponding period of 2011. Weighted
The Welsh Government has given its approval to the development of the Skerries Tidal Stream Array, which will be Wales’ first commercial tidal energy farm. The Skerries tidal array, one of the largest of its kind to be consented in the UK, will be developed by Siemens-owned Marine Current Turbines (
Neptune Marine Services Limited has reported a statutory operating loss before tax of $21.952m (Dec 2011: profit $1.840m), the consolidated loss of the Group after providing for income tax amounted to $22.446m (Dec 2011: profit $1.278m). The group suffered a downturn in revenue in the first half wit
On Feb. 28, Apache reported that well control operations at Main Pass 295 have been successfully completed. The bottom of the well has been plugged and cemented and the migration of natural gas to another sand formation (which was occurring approximately 1,100 feet beneath the seafloor) has been sto
