On July 22, 2014 Technip’s Board of Directors approved the second quarter and first half 2014 consolidated financial statements. Technip’s second quarter results were highlighted by an order intake of 7.1 billion euros, revenues of 2.6 billion euros, compared to 2.4 billion same time last year (9% r
Wood Group Kenny (WGK) has announced that findings from the first and second phases of a Joint Industry Project into understanding the effect of slug flow on pipelines and risers has led to significant enhancements in their software package, Flexcom, to deliver automated slug capabilities. Subsea sy
Repsol posted net income of $1.784 billion (1.327 billion) euros in the first half of the year, an increase of 47% from the year-earlier period. This reflects a good performance of the company’s businesses as well as the success in securing a compensation agreement for the expropriation of YPF. Adju
The Turkish Ministry of Environment and Urbanisation has approved the Environmental Impact Assessment Report (EIA Report) for the section of the South Stream Offshore Pipeline that will cross the Exclusive Economic Zone (EEZ) of Turkey. The EIA Report consists of an assessment of potential impacts o
Lloyd’s Register Energy has been named as the preferred supplier for both third-party inspection and vendor site inspection by engineering, procurement and construction firm IHI Corporation for two new LNG tank projects in western India. The nomination of Lloyds Register Energy comes after IHI won t
TGS has announced two multi-client geochemical seafloor sampling and seep studies offshore Canada and in the Barents Sea. Sampling locations for both programs were identified using recently acquired multi-client seismic data. The Labrador Sea Sampling 2014 will be collected in partnership with VBPR
BW Offshore has signed a sale and purchase agreement with Yinson to take 100% ownership of the FPSO Petroleo Nautipa, owned through Tinworth Pte. Ltd. Tinworth, and correspondingly the FPSO, has been 50/50 owned between BW Offshore and Yinson Holdings Berhad through their respectively wholly owned N
GE Marine and Lloyd’s Register have signed a Memorandum of Understanding (MOU) to identify potential gas turbine-powered commercial ship projects. “Through the MOU we will identify target segments and commercial customers for our highly-efficient marine gas turbine systems,” said Brien Bolsinger, Vi
International energy consultancy Xodus Group has been awarded a contract with Qatargas to provide vibration engineering services at onshore and offshore facilities. Working in partnership with Chiyoda Almana Engineering, Xodus will look to develop a long‐term piping integrity management programme to
Today (23 July 2014) the government (UK) has published a consultation on a new cluster area allowance to encourage investment in ultra high pressure, high temperature oil and gas fields. There is still a considerable amount of oil and gas to recover in the North Sea – up to 21 billion barrels of oil
Centrica Resources Norway AS, operator of production license 405, has completed drilling of wildcat well 8/10-6 S. The well is dry. The well was drilled 13 km southwest of the Ula field in the southeastern part of the North Sea. The purpose of the well was to prove petroleum in Upper Jurassic reserv
From 11 to 13 June 2014, the Petroleum Safety Authority Norway (PSA), with technical assistance from Telenor Maritim Radio, Radioinspeksjonen, carried out an audit of the Ula platforms. The objective of the audit was to assess whether BP Norge AS meets the regulatory requirements within emergency pr
For the testing of the lift systems for the giant and world’s largest decommissioning vessel ‘Pieter Schelte’ (measuring 382m long by 124m wide and suited for lifting of structures weighing up to 48,000 tons), Allseas has awarded the fabrication of a Test Frame to the project joint venture of SPT Of
Vard Holdings Limited, a designer and shipbuilder of offshore and specialised vessels, has announced its financial results for the second quarter of financial year 2014 (2Q2014), and first half ended 30 June 2014 (1H2014). Revenues for 2Q2014 were NOK 2.94 billion, in line with the corresponding per
