Dynagas LNG Partners entered into an agreement to purchase from Dynagas Holding 100% of the ownership interests in the entity that owns and operates the Arctic Aurora, a 2013 built ice class LNG carrier $235 million. The Arctic Aurora acquisition is subject to the Dynagas LNG Partnership obtaining t
Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a new contract worth in total approximately €40 million ($55 mil) by ESB (Ireland), for the “Shannon River Crossing” project to provide electricity between Kilpaddoge and Moneypoint across the opposite ba
Energid Technologies has announced a new phase of development with Norway’s Robotic Drilling Systems AS, which secured significant follow-on investment from oil industry partners last week. Energid will continue to tailor its premier robotics software, Actin, to meet the needs of oil and gas driller
Fincantieri Offshore has signed a contract with Aveva to implement Aveva Marine software in the concept design phase of Proxima, a major offshore drillship project. Proxima is a revolutionary design with an innovative drilling system that significantly increases the speed of the drilling process. It
Prosafe, a Cyprus-based owner of offshore accommodation rigs, has announced that its fleet utilisation in the first quarter of 2014 was 76 per cent with eight vessels Safe Caledonia, Safe Astoria, Safe Concordia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency in full operation
TTS Group ASA has identified a significant increase in cost-estimates for several projects in production. A major part of the cost overruns are related to deliveries of offshore cranes and hatches for yacht projects. TTS said that the increase in cost-estimates is caused by new information available
TGS commences new 2D and 3D multi-client projects in the Norwegian Barents Sea. Both surveys will provide customers with high quality data prior to the closing of the 23rd Norwegian Licensing round. The HFCE14 is a 3,100 km2 3D multi-client survey, extending TGS’ existing multi-year 3D Hoop coverage
ARKeX has re-started acquiring a Multi-Client Full Tensor Gravity Gradiometry survey within the South Eastern Barents Sea. The survey, started last year but postponed due to weather, will cover 42,784 Sq. km over the proposed NPD licensing areas. The principal aim of the marine FTG survey is to prov
Expro has secured a milestone subsea contract with BP for the Shah Deniz Stage 2 project in the South Caspian Sea, one of Expro’s largest Europe CIS contracts to date. The 5-year contract, worth almost $100m, will see the UK-based Expro provide completion landing string equipment and services for th
The compressor module M11 for the Troll A platform in the Norwegian North Sea has left Aibel’s yard in Laem Chabang, Thailand. The compressor module will first be shipped to Haugesund to have a crane installed on board. After that the M11 will go to the Statoil-operated Troll field. Early in April,
Atkins has won an engineering support contract covering three of Maersk Oil’s UK assets in the North Sea. The Gryphon FPSO, Global Producer III FPSO and Janice FPU are planned for major offshore inspection, repair and maintenance (IRM) works this year, in addition to field expansion works. Maersk ha
Expro, international oilfield services company, has secured a milestone subsea contract with BP for the Shah Deniz Stage 2 project in the South Caspian Sea, one of Expro’s largest Europe CIS contracts to date. The 5-year contract, worth almost $100m, will see Expro provide completion landing string
FlexTech, a flexible pipe specialist, has signed a contract for flexible pipe installation with Ocean Installer in a $850,000 deal. Aberdeen-based FlexTech will deliver the detailed design of a flexible pipe installation spread as well as installation analysis and project support to Ocean Installer,
Technip has entered into binding agreement for the divestment of a majority stake of at least 51% up to 75% in Seamec Limited to HAL Offshore Limited, India ( $27.6 million for 51% stake and up to $40 million for 75% stake). This divestment allows for the development of the Seamec business and HAL’s
