The EPC conversion project FPSO P-63 (Papa Terra) has left the COSCO Dalian yard in China for its voyage to Brazil with a planned short stop-over in Singapore for refueling. Estimated arrival in Brazil is in February 2013, where the final integration of the remaining six modules will take place in Q
Subsea 7 S.A. today announced the award of a $70 million contract for subsea construction services associated with pipeline replacements North East of Shetland. A key part of the project is the fabrication and installation of 27km of replacement pipeline, and associated tie-ins to the existing infra
Fairmount Marine’s multipurpose support vessel Fairmount Fuji has supported Angolan maritime service provider Octomar Serviços Maritimos in underwater maintenance of the drilling rig Transocean Rather. The Fairmount Fuji hosted and assisted a diving team of Octomar during the six weeks job offshore
Neptune Marine Services Limited announces it has been awarded a contract from MODEC to complete new works at the MODEC Venture 11 floating production, storage and offloading facility (MV11) in the Carnarvon Basin located 160 kilometres north of Karratha, Western Australia. The contract will deliver
Santos today announced a significant gas discovery at the Crown-1 exploration well in WA-274-P, located in the Browse Basin offshore Western Australia. The Crown-1 well is located approximately 500 kilometres north of Broome, approximately 60 kilometres west of the Ichthys field and 20 kilometres ea
DW forecast that approximately $77bn will be spent on subsea vessel operations in field development, inspection, repair & maintenance (IRM) and subsea well intervention between 2012 and 2016. This is an increase of 63% over the preceding five-year period. Global vessel demand for these markets is ex
Total announces that it has finalized an agreement to sell its 20% contractor interest in OML 138 block to a wholly owned subsidiary of China Petrochemical Corporation (Sinopec), for approximately US$2.5 billion in cash (subject to post-closing adjustments). The agreement is subject to approval by t
LS Cable & System (Chairman & CEO Christopher Koo) announced that the Letter of Award (LOA) has been received for the contract of submarine power cable project worth over $440 million (about KRW50 million) ordered by Qatar Petroleum. This project is to install two 100km-long circuits i.e. 200km of 1
Welaptega Marine, world leader in mooring integrity verification, has been awarded a contract to inspect riser moorings on the high-profile Petrobras Cascade Chinook development in the Gulf of Mexico. Welaptega will measure mooring chains that connect four vertical risers to buoyancy tanks on the th
Spectrum announces the start of Phase II of its Multi-Client 3D survey in the Levantine Basin offshore Lebanon. The survey is carried out in cooperation with Fugro and the vessel will acquire the data by using 8 streamers. The survey is adjacent to Phase I and is to comprise 1,200 square kilometers.
DeepOcean has for the first time installed a subsea X-Mas tree from the specialised IMR vessel Edda Fauna. This is a milestone in the company’s IMR work for Statoil. DeepOcean has three ships that work year round performing several hundred different annual inspection, maintenance and repair work ann
DOF ASA , a company which serves the subsea market, announces the total income for the 3rd quarter of 2012 was NOK 63.1 million (NOK 92.0 million in 3rd quarter 2011), with an EBITDA of NOK 57.6 million (NOK 54.9 million) and an EBIT of NOK 46.8 million (NOK 35.5 million) after depreciation and writ
Nordic marine energy technology leader Minesto, with a proven technology to cost efficiently produce electricity from low velocity tidal and ocean currents, has been authorized by the Crown Estate in the UK to perform tidal energy tests in the waters off Northern Ireland. The upcoming tests of Mines
MEO Australia Limited advises that it has Executed a Private Placement Agreement with Asian Energy Limited, a company managed by Noonday Asset Management Asia Pte Ltd (Noonday), to raise $10.0 million, to provide working capital to fund the production testing of Gurame-1XST1. Under the agreement, ME
