Operations & Maintenance
Halliburton Suffers $2.4 Bln Loss
Oilfield services major Halliburton has seen red in the first quarter ended March 31, 2016 as the depressive market led to high impairments and revenue decline of approximately $2.86 billion compared to same time last year. Due to negative market impact Halliburton recorded company-wide charges rela
Island Constructor Wraps Up LWI Work on Oyo Well
Erin Energy informed that the Island Constructor light well intervention (LWI) vessel has completed work on the Oyo-8 well and the company has resumed production from the well. Erin Energy will now begin a ramp up of production from the well over the next few days to pre-shut in levels of approximat
Expro Wraps Up Gulf of Mexico P&A Gig for Apache
UK oilfield services player, Expro, has completed a plug and abandonment (P&A) project in the Gulf of Mexico (GoM) for Apache. The Apache work comprised the pre-abandonment and plugging of wells in the ultra deepwater Atwater Valley and Mississippi Canyon areas. Starting in March 2016, Expro utilise
Proserv Strikes Apache North Sea Deal
Proserv has been awarded a multi-million dollar contract from Apache Corporation for work on the UK Continental Shelf. Proserv will supply a subsea control system and associated topside and subsea interface equipment for use on the new Callater wells located south of the Beryl Alpha platform. The la
More Red Ink for PGS
Petroleum Geo-Services (PGS), has seen its quarterly loss widen as revenues declined some 19 per cent during the first quarter of 2016. The Oslo-listed seismic player, posted net loss of $57 million or 24 cents per share for the first quarter of 2016, compared with $19.5 million loss or 9 cents per
Saipem Claims Installation Records Off Brazil
Saipem said it recently established new milestones with the installation of two gas export free standing hybrid risers (FSHR), 20-inch and 19-inch respectively, located in the pre-salt area of Santos Basin. The operation took place at approximately 300 kilometres from the Brazilian shoreline. Report
Damen and GustoMSC Set Up Jack-Up One Stop Shop
The Damen Shipyards Group and GustoMSC have started collaborating in order to produce a range of self-propelled and non-self-propelled jack-up platforms for the offshore industries – the DG JACK range. The collaboration, announced at this year’s OTC in Houston, will be based on GustoMSC’s track reco
DOF Subsea Wins Petrobras Extension
Petrobras has extended RSV contract for the multipurpose vessel Geograph by 18 months. The Geograph is owned by DOF ASA’s subsidiary, DOF Subsea. The ship has operated for Petrobras since March 2011, and the extension is a direct continuation of existing contract. The 70 meters long vessel was built
Aker Solutions’ Men Lost in Helicopter Crash Off Norway
Aker Solutions has confirmed that three employees and a contractor working for the company were on board the helicopter that crashed today off the coast of Bergen in Norway. The helicopter was on route to Bergen from the Statoil-operated Gullfaks B platform in the North Sea. The cause of the crash,
Akastor Plunges Deeper into Red
Oilfield services investment company, Akastor, has booked a first-quarter 2016 loss on sharp decline in revenues caused by the weak market. The Oslo-listed company recorded loss of NOK 366 million ($45.4 million) for the first quarter 2016 compared to loss off NOK 251 million ($31.1 million) in the
Decom North Sea Presents New Chief Executive
Decom North Sea (DNS), the representative body for the offshore decommissioning industry, has appointed Roger Esson as its new chief executive. Esson brings over 20 years of experience, having previously held positions at Stork Technical Services and Amec Foster Wheeler’s decommissioning division. H
Protean about to start WEC testing
Following completion of pre-deployment preparations, Protean Wave Energy has announced the imminent deployment of the first Protean wave energy converter (WEC) buoy at Port of Bunbury, Western Australia.
TGS, PGS Team Up on Eastern Canada Seismic
TGS, in partnership with PGS, plans to acquire more than 36,000 km of 2D seismic data offshore Eastern Canada during the 2016 acquisition season. The M/V Sanco Spirit and M/V Atlantic Explorer, utilizing the PGS GeoStreamer technology, will acquire seismic and gravity data in the Labrador Sea, Newfo
Top News of the Week Apr 25 – May 1, 2016
Siemens, SPR Sign Europe’s Largest Wind Turbine Contract ScottishPower Renewables (SPR) has concluded a major East Anglia ONE deal with Siemens, worth up to one-third of the overall £ 2.5 billion (€ 3.2 billion) project investment. Under the agreement, Siemens will supply 102 wind turbines and servi