Ennsub has completed the design and manufacture of two innovative workclass remotely operated vehicle (WROV) deployment systems which have been designed and manufactured for ROVOP and are due to be installed into a new build, tier one pipelay vessel Ceona Amazon early in 2015. The company demonstrat
A NASDAQ-listed Nordic and U.S. steel company SSAB has joined Manga LNG Oy on a LNG terminal construction project in Tornio in the north of Finland, to be built by Wärtsilä. The terminal will serve industry, mines and other gas users in the area. SSAB’s site in Raahe will also make use of LNG. At th
Wärtsilä has been given full notice to proceed from Manga LNG for the supply of an LNG import terminal in Tornio, Northern Finland. Wärtsilä will commence construction on the site near the port of Tornio in January 2015. Wärtsilä initially announced this project in January 2014. The order, valued at
Statoil has on behalf of the Mariner co-venturers awarded the contract for integrated drilling and well services on the Mariner field on the UK continental shelf (UKCS) to Schlumberger Oilfield UK Plc. “This is a very significant agreement for the Mariner project, and the result of an innovative, ne
Statoil has on behalf of the Mariner co-venturers awarded the contract for integrated drilling and well services on the Mariner field on the UK continental shelf (UKCS) to Schlumberger Oilfield UK Plc. “This is a very significant agreement for the Mariner project, and the result of an innovative, ne
Norway’s Rem Offshore and Vard Group have agreed to postpone delivery of the OCV (Offshore Construction Vessel). Namely, in June 2014, Rem Offshore entered into a newbuilding contract with Vard for delivery in the first quarter of 2016. However, under the new agreement, delivery of the vessel is sch
SAL Heavy Lift has informed that the vessel MV Frauke has finalized its long-term engagement for offshore project. The vessel MV Frauke of Type 176 finalized its latest project, for which it had been engaged since July 2014, at the beginning of December 2014. The project consisted of seven phases: –
Det norske has informed that the exploration drilling on the Krafla North prospect in PL 035, in the North Sea, is about to be completed. Exploration well 30/11-10 encountered an 80 meter oil column in the Tarbert formation and a 20 meter oil column in the Etive formation. Det norske is partner with
RWE Dea Norge AS, operator of production licence 420, is in the process of concluding the drilling of wildcat well 35/9-12 S, in the North Sea, off Norway. The Norwegian Petroleum Directorate (NPD) granted RWE Dea a drilling permit for the well 35/9-12 S in November. The well was drilled about 20 ki
Maven Capital Partners (Maven) has led the management buy-out of subsea technology company, Fathom Systems Limited. The £4.25 million investment by Maven in the Aberdeenshire business represents the private equity firm’s 15th portfolio company investment in the energy service sector. In the past twe
Ennsub has completed the design and manufacture of two innovative workclass remotely operated vehicle (WROV) deployment systems which have been designed and manufactured for ROVOP and are due to be installed into a newbuild, tier one pipelay vessel Ceona Amazon early in 2015. Ennsub reports that a n
Deep C has completed a Mass Flow Excavation and Dredging contract in the Black Sea utilizing their in house designed Deep C Blower. The Deep C blower is an electrically powered Mass Flow Excavation solution with unique capabilities and the ability to be used at considerable water depths. The project
Oslo-listed Oceanteam Shipping has completed the transfer of its 50% ownership stake in the to date jointly owned Pipelay Vessel North Ocean 102 to J. Ray McDermott Norway. The company said that the proceeds from the sale will go towards a USD 35 million amortization on Oceanteam’s bond loan debt du
The project services division of CSL has been awarded the extension of an existing onshore and offshore frame agreement with Shell UK across their Upstream International Europe region for the provision of client representation (OOER and QAQC). The contract covers provision of experienced senior clie
