Operations & Maintenance
DOF Subsea Hauls Goliat FPSO to Its Location
Eni Norge’s Goliat platform is being towed from Hammerfest in Finnmark to the field location in the Barents Sea. The cylindrical FPSO facility has been lying in the fjord at Ersvika outside Hammerfest for just over two weeks undergoing essential preparations, including final checks and preparations
QED Naval bulks up with new recruits
QED Naval has completed its recruitment drive to enable the company to take on the challenges of the Subhub project and bring further capabilities to the business. QED Naval expanded its team with three new recruits – Craig Salkeld, Alan McIntosh and Jonathan Nicol. Craig Salkeld will join QED Naval
EMGS Swings to Loss
Norway’s Electromagnetic Geoservices (EMGS) has seen its profit slip into the red in the first quarter of 2015 on lower-than-expected revenues due to the weak market. The company has posted net loss of USD 1.2 million, down from an income of USD 8.2 million in the same period of 2014. EMGS recorded
Flexlife Nets Apache Deal
Flexlife, specialist provider of flexible pipe integrity and engineering services for the oil and gas industry, has won a contract with Apache North Sea Limited. The subsea project management and engineering support contract includes work on the Aviat gas development in the Central North Sea, the Ne
Statoil Hires Aibel for Maria Job
Stavanger-based Aibel has scooped a NOK 860 million (approximately $115 million) EPCI contract for work related to planned water injection from the Heidrun platform to the Wintershall-operated Maria field. According to the company, under the contract, Aibel will increase the water injection capacity
SeaBird Back in Black
Oslo-listed SeaBird, a seismic data provider for oil and gas companies, has bounced back following the company’s financial restructuring. SeaBird posted net profit of $63.3 million for the first quarter of 2015, compared to net loss of $0.6 million in the corresponding period in 2014. The profit was
EFC Secures Weatherford MPD Contracts
Aberdeen-headquartered EFC Group has been awarded multiple multi-million dollar contracts by oilfield services company, Weatherford. According to EFC Group, the company has developed a long-term relationship with Weatherford, leading to multiple contract awards for Managed Pressure Drilling equipmen
Dolphin Plans Cuts as Profit Slips
Norway’s Dolphin Geophysical has seen profit dip in the quarter as its 2D seismic division puts pressure on earnings coming from the 3D seismic business. Despite the revenue growth, the Oslo-listed seismic player, recorded Q1 2015 net income of USD 4.6 million, compared to USD 8.1 million in Q1 2014
EMEC: Free technology verification for developers
A competition run by the European Marine Energy Centre (EMEC) offering free Environmental Technology Verification (ETV) to successful technology developers has been launched. Fergus Ewing, the Scottish Energy Minister, announced that the winner of the competition will be taken through the full ETV p
CGG Sees Revenues Slide
French seismic contractor, CGG, has booked a drop in revenues for the quarter, ended March 31 2015, due to the impact of the fleet reduction and to deteriorating market conditions. In the first quarter 2015, CGG generated revenues of $570 million, down 29 per cent compared to Q1 2014 and down 37 per
James Fisher Buys Mojo Maritime
James Fisher has acquired of the entire share capital of Mojo Maritime Limited (MML). According to reports, the initial consideration is £3.2m in cash, plus potential future consideration of £0.3m if the earnings before interest and taxation are £0.65m or greater for the year ending 31 December 2015
Ulstein: Largest X-BOW Toisa Patroklos Almost Ready
Ulstein has reported that at Hyundai Heavy Industries, the ‘Toisa Patroklos’ vessel is nearing completion. The multipurpose offshore construction vessel, a customized Ulstein Deepwater Enabler design, is the largest vessel built featuring the patented X-BOW and the first to be built in Korea. It was
Ceona Lands Mirage Field Job for Bennu
UK-based SURF contractor, Ceona, has been awarded a new deepwater contract with Houston-based Bennu Oil & Gas LLC in the Gulf of Mexico (GoM) on their Mirage field. This contract comes after a first contract was awarded and completed last year for operations on their Clipper deepwater field. The agr
Wintershall Hands In Maria PDO
Wintershall and its partners have submitted a Plan for Development and Operation (PDO) for the Maria field in the Norwegian Sea to the Norwegian Ministry of Petroleum and Energy. This is the first time Wintershall, as operator of the field, has submitted a PDO for a Norwegian development. Today, Mar