Operations & Maintenance
Wintershall Assumes Control of Vega
Wintershall has taken over the operatorship of the subsea oil and gas field Vega from Statoil. Vega is the BASF subsidiary’s first operated subsea tie-in field in Norway. With this transfer Wintershall now operates two production fields on the Norwegian Continental Shelf, Brage and Vega. The takeove
Subsea 7 Down on Impairment
Oil services company Subsea 7 has plunged into the red on fourth quarter revenue drop and hefty impairment charge, following a downward revision of forecast activity levels, driven by challenging market conditions. The company recognised net loss of $977 million in the quarter, compared to net incom
E-marine Boosts Cable Ship Fleet
E-marine, a provider of submarine cable installation and repair solutions in the Middle East and Sub-Continent region, has unveiled plans to expand its fleet of cable ships in 2015, with the first ship, the CS Maram, beginning dock trials ahead of its maiden voyage this year. The CS Maram, which was
Cal Dive Files for Chapter 11 Bankruptcy
Cal Dive with its U.S. subsidiaries has filed simultaneous voluntary petitions in the United States Bankruptcy Court for the District of Delaware seeking relief under the provisions of Chapter 11 of the U.S. Bankruptcy Code. A chapter 11 debtor usually proposes a plan of reorganization to keep its b
McDermott Inks FMC Deal (Indonesia)
McDermott has been secured a sizeable manifold and subsea safety isolation valve module fabrication contract by FMC Technologies for the Jangkrik fields located offshore Kalimantan, Indonesia. According to the company, the contract was included in McDermott’s fourth quarter backlog and is expected t
Polarcus Scores Seismic Off Egypt
Norwegian seismic contractor Polarcus has won a 3D marine seismic project offshore Egypt. The project is scheduled to start in the first quarter of 2015 and Polarcus expects it to run for approximately 50 days. According to the company statement, the project will by conducted by utilizing Polarcus’
OSBIT Power Opens Lowestoft Base
North-east based offshore engineering company OSBIT Power has taken residency in the OrbisEnergy centre in Lowestoft and joined the East of England Energy Group (EEEGR). The company is keen to further its investment in the southern North Sea offshore market and to develop new connections in the area
TAP Launches Pre-Qualification Pipeline Contracts
Trans Adriatic Pipeline AG (TAP) has launched two pre-qualification contracts for the construction of the 105 km offshore pipeline section under the Adriatic Sea. The greatest depth the pipeline will be laid is 820 meters. The first pre-qualification comprises Engineering, Procurement, Construction
IKM Scoops Johan Sverdrup SURF Deal
Statoil has awarded the Johan Sverdrup SURF Detail Engineering and Services 2015-20 contract to IKM Ocean Design. Johan Sverdrup field is an oil discovery in production licenses PL265, PL501 and PL502 in the Utsira High region of Norwegian Continental Shelf, 140 km west of Stavanger. The field devel
McDermott Lands North Field Alpha Project (Qatar)
McDermott International has been awarded a contract for a new jacket, temporary deck and replacement umbilical by Qatar Petroleum for the North Field Alpha gas development, offshore Qatar. According to the company, work is expected to be executed through the second quarter of 2016 and will be includ
Technip Pipes for Lula Alto (Brazil)
Technip has won a contract from Tupi BV, a consortium composed of Petrobras Netherland BV (PNBV, 65%), BG (25%) and Galp (10%), for the ongoing development of the Lula Alto field, located in the Santos Basin pre-salt area, Brazil. This contract covers the supply of around 200 kilometers of flexible
DOF Subsea S&P Secures Heerema MSA Extension
DOF Subsea UK Limited, a provider of integrated subsea services, announced that its survey and positioning business in the UK and US has been awarded an extension of a Master Service Agreement with Heerema Marine Contractors of Leiden, The Netherlands. The contract covers global provision of survey
McDermott Secures Marjan Work for Saudi Aramco
McDermott has been awarded initial work for a significant power supply system replacement contract by Saudi Aramco for the Marjan field, offshore Saudi Arabia. Work is expected to be executed through the fourth quarter of 2016 and will be included in McDermott’s first quarter 2015 backlog. The overa
James Fisher Buys Subtech
James Fisher has acquired the entire share capital of Subtech. The initial consideration is ZAR61.0m (£3.4m) in cash plus potential future consideration up to a maximum of ZAR175.0m (£9.9m) based on the Company achieving profit targets in 2015 and 2017. There is an additional profit share above targ