Project & Tenders
Polarcus Posts Profit Hike
Seismic contractor, Polarcus has posted quarterly boost in profit as a result of the completion of its financial restructuring. Namely, restructuring resulted in a $224 million increase to book equity and $351 million reduction in the carrying value of debt. The Oslo-listed company reported net prof
Dredge MURDEN Conducting Assateague Island Operations
The U.S. Army Corps of Engineers, Baltimore District, has released this beautiful photo of the dredge MURDEN performing regularly scheduled Assateague Island bypass operations off the coast of Ocean City, MD. The MURDEN will be removing material from in and around the channel, with an emphasis on th
Mubadala completes Manora development wells
Mubadala Petroleum has completed the development drilling on the Manora oil development in the Northern Gulf of Thailand. Mubadala started drilling of the first of two development wells on the Manora field on March 22, 2016. Tap Oil, the partner in the project with 30% interest, said on Wednesday th
Improving the Flood Defenses in Totnes
The Environment Agency is working on a project that will reduce flooding risks in Totnes by improving the existing flood defenses which were built in the 1970s. That is why the agency held a public drop-in at the Civic Hall in Totnes in April 2016. Feedback from the drop-in and meeting with local re
Xodus Inks Employers Representative Deal with SSE
Xodus Group has been awarded a framework agreement with energy company SSE to provide employers representative services for the development and ongoing improvements of its electrical networks. The contract is for three years with potential extension for a further two years and is estimated to be wor
Technip Bags Contract Extension for Logistic Base in Brazil
Technip has signed a four years extension of its five-year initial contract signed in January 2011 with Petrobras for its Flexible Pipes Logistic Base (BAVIT), located in Vitória, Brazil. The scope covers storage, handling, inspection, testing, load-out (two simultaneous vessel load-out points), int
PHOTO: Henry Goodrich drilling rig reaches Canadian waters
Transocean’s Henry Goodrich semi-submersible drilling rig has reached Canadian waters, following the trans-Atlantic journey from Norway. The image shows the yellow drilling giant reaching Grand Banks, off Newfoundland, Canada, with the ALP Winger on bridle and the Maersk Detector and Maersk Dispatch
Lukoil makes step forward with Caspian oil project
Russian oil company Lukoil has moved a step forward in the development of its Caspian Sea oil project. Namely, Russia’s largest privately held oil company has started driving in marine risers into Vladimir Filanovsky offshore oil field, located 50 kilometers offshore, in the Russian section of the C
PTT agrees LNG cooperation with Kogas
PTT of Thailand on Tuesday said it has signed an agreement with Korea Gas Corp to cooperate on liquefied natural gas business.
Østensjø Rederi cancels vessel deal with Hyundai Heavy
Edda Accommodation, operated by the Norwegian shipping company Østensjø Rederi, has reportedly cancelled its order for an accommodation vessel from the South Korean shipyard Hyundai Heavy Industries over delivery delays. The shipowner and the shipyard inked the deal for a new mono hull accommodation
IOSH Delegation Visits Team Van Oord Project Site
Around 40 members of the IOSH (Institution of Occupational Safety and Health) South Downs Branch recently paid a visit to a flood alleviation scheme being carried out by Team Van Oord. The visit was to the Clay’s Lake site, near Pease Pottage, where flood prevention works are being carried out as pa
Salix Busy with the Walthamstow Wetlands Scheme
Salix River and Wetland Services Ltd., a bioengineering firm based in South Wales, has been busy for quite some time now with the transformation of Walthamstow Wetlands into the largest urban wetland reserve in Europe. The company has just released this photo of the large modular pontoon with 13 ton
Lansdowne loses Irish offshore licences
Lansdowne Oil & Gas, the independent oil and gas company focused on offshore Ireland, has lost its licences in the Celtic Sea, offshore the south coast of Ireland. Namely, the company’s attempts to farm out portion of ownership in the Standard Exploration Licences 5/07 (Rosscarbery) and 5/08 (Amergi
LNG Limited: Magnolia LNG extends EPC contract pricing validity period
Liquefied Natural Gas Limited informed on Tuesday that its unit, Magnolia LNG, has extended the validity period of the EPC contract price signed with KSJV until December 31, 2016.