Operations & Maintenance
WesternGeco Starts Reprocessing Searcher’s Vampire Survey
Searcher Seismic announced that PSDM reprocessing of 7,000 km of 2D seismic data in the Browse Basin, Western Australia has started. The project comprises broadband PSDM reprocessing of Searcher’s existing Vampire 2D seismic survey. “Applying broadband deghosting not only improves the end result, bu
Block Island Wind Farm Cables in Place
Installation of cables for America’s first offshore wind farm, the Block Island Wind Farm, has been completed, Deepwater Wind informed. The Big Max cable lay vessel, under a contract with LS Cable and its subcontractor Durocher Marine, finalized the installation of all cables, including the four int
Serica Resumes Production from Erskine Field
Serica informed that oil and gas production from the Erskine field has recommenced following the clearance of a pipeline blockage and the completion of scheduled maintenance works on the Lomond platform, in the UK North Sea. The pipeline blockage, which occurred earlier this year in the Lomond to Ev
DOF Subsea Clinches Shell Prelude FLNG Contract
DOF Subsea has secured a contract from Shell Australia to provide a full time underwater services and multi-purpose supply vessel (MPSV) to the Prelude FLNG facility. The contract is for five-years with 2x two year options, the company informed. Prelude FLNG will produce, liquefy, store and transfer
DONG and Matchtech Form Recruiting Partnership
DONG Energy Wind Power and the UK-based recruiter Machtech have signed a 60 month framework agreement for the provision of temporary staff to DONG Energy’s Danish locations. The contract is set to start on 1 August 2016 and will run through to August 2021. Matchtech has been selected following a ten
SgurrEnergy Lands Inch Cape Met Mast O&M Contract
Renewable energy consultancy SgurrEnergy has secured an operations and maintenance (O&M) contract for the Inch Cape Offshore Met Mast off the coast of Angus, Scotland. The scope of the 16 month contract includes offshore inspection and maintenance, recertification, project management, weather foreca
Baker Hughes Posts $911 Million Loss in Q2
Baker Hughes has recognized significantly wider quarterly net loss compared to the second quarter 2015 results as the industry slowdown drove its revenue down by close to 40 percent. The oilfield services company posted net loss for the second quarter of $911 million, or $2.08 per diluted share (inc
Saipem Cuts Revenue Guidance
Saipem has lowered its full-year revenue estimates by some €500 million, reportedly due to delays in the award of contracts and variations in the execution schedule of few projects. The Italian oilfield services player said it expects to achieve revenues of approximately €10.5 billion for 2016, down
Technip Swings to Profit Despite Revenue Drop
French oil services provider, Technip, has bounced back in the second quarter 2016 as its cost reduction plan moves ahead of schedule. In the second quarter 2016, Paris-based subsea major generated adjusted revenue of €2.8 billion, down some 9% compared to €3.1 billion in 2Q 2015. Subsea revenues we
SapuraKencana Gets USD 126 Mln TANAP EPCI Contract
SapuraKencana Petroleum Berhad (SapuraKencana) has secured RM 510 million (approx. USD 126 million) contract for the Trans Anatolian Natural Gas Pipeline (TANAP) from TANAP Doğalgaz İletim A.S. The contract is for the engineering, procurement, construction and installation (EPCI) of offshore pipelin
Mojo guides Sabella’s tidal turbine to shore
Mojo Maritime was contracted by Sabella to assist the company with the retrieval of its D10 tidal turbine off Ushant island, France.
Subsea 7 Boosts Q2 Profit
Oslo-listed Subsea 7 has lifted its profit in the second quarter ended June 30, 2016, on nearly-halved restructuring costs, foreign currency gains and more favorable tax rate compared to the prior-year quarter. The subsea engineering and construction specialist generated net income of $136 million,
Shell in Fort Sumter Discovery in Gulf Of Mexico
Shell announced new exploration discovery in the deep water U.S. Gulf of Mexico. The initial estimated recoverable resources for the Fort Sumter well are more than 125 million barrels of oil equivalent (boe). “The Fort Sumter discovery builds upon Shell’s global deep-water leadership. Its proximity
McDermott Profit Beats Expectations
McDermott reported better-than-expected second-quarter and half-year 2016 earnings results, despite revenue drop and vessel-related impairment charges. The Houston-based company posted quarterly net income of $20.7 million, or $0.07 per fully diluted share, compared to net income of $11.5 million, o