MacGregor, part of Cargotec, has won an order worth around EUR 23 million for six active heave-compensated (AHC) subsea cranes from the Dutch IHC Merwede. The cranes will be installed on three pipe-laying ships destined for the UK-headquartered global offshore specialist, Subsea 7. Delivery of the c
Songa Offshore, an international offshore drilling company, has announced its rig fleet update for January 2014. Songa Venus achieved an operational efficiency of 100% and an earnings efficiency of 97% during the month working for Mubadala Petroleum in Malaysia. Songa Mercur achieved an operational
DNV GL UK has secured the third party ICP (Independent Competent Person) multi-million GBP contract, related to compliance with UK Offshore Regulations for the Statoil Mariner project. The award is the culmination of two years’ of project FEED support, assisting Statoil in developing Performance Sta
Qatargas said on Tuesday that Qatargas 3 has entered into a new long term LNG Sale and Purchase Agreement (SPA) with Tohoku Electric of Japan. Under the terms of the SPA, Qatargas 3 will deliver LNG to Tohoku Electric for a period of 15 years starting from 2016, building up to a plateau volume of [&
Total announces the sale of its 15% participating interest in the offshore Angola Block 15/06 to Sonangol E&P. The transaction is valued at 750 million dollars and remains subject to customary approvals. “The sale of our interest in Block 15/06 is in line with Total’s global strategy to actively man
Alcatel-Lucent has signed a turnkey contract with the Libyan International Telecommunication Company (LITC) to build a new 1,000 km undersea cable system linking the country’s capital, Tripoli, to Benghazi, and providing the broadband connectivity needed in support of ongoing efforts to revive the L
Royal Boskalis Westminster N.V. (Boskalis) subsidiary SMIT Salvage has been awarded a contract to remove a damaged jack-up platform from the seabed offshore Angola. Including the award of this contract, SMIT Salvage has acquired approximately USD 70 million of work year to date. During its installat
Liquefied Natural Gas Limited announced that Magnolia LNG, its 100% owned subsidiary, has executed a Memorandum of Understanding (MOU) with SK Engineering and Construction and its subsidiary SK E&C USA, (SKEC Group). The MOU relates to the preferred engagement of the SKEC Group as the engineering, p
Offshore drilling contractor North Atlantic Drilling has agreed to purchase two next-generation GE Oil & Gas SeaONYXTM blowout preventer (BOP) control systems, upgrading control spreads on board NAD’s semi-submersible West Venture and drill ship West Navigator. The SeaONYX BOP control system extends
Volstad Shipping AS signed a contract last year with Turkish shipyard Tersan regarding the building of a new Construction Vessel of Skipsteknisk design. The financing is now in place and the contract is in effect. Although the construction of the Vessel will take place abroad, the contract will be o
GE Oil & Gas announced that the company is deploying its ReliabilityMax predictive maintenance solution to increase the reliability of the company’s turbomachinery equipment beyond industry standards at a new coal seam gas-to-liquefied natural gas facility on Curtis Island off the east coast of Aust
SeaBird Exploration Plc (“SeaBird”) announces that it has been awarded a contract for the acquisition of a 2D seismic survey in East Africa (the “Survey”). The Survey size is in the range of 16,000 to 20,000km and will be acquired using the survey vessels Northern Explorer and Hawk Explorer. Commenc
Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea secured a US$410 million deal to build two LNG tankers for an unnamed European company, DSME said in a filling to the stock exchange. Daewoo expects to deliver the LNG tankers by 2016. DSME is one of the world’s leading shipyards for the
Seabed Geosolutions, a joint venture between Fugro and CGG, secured a major Ocean Bottom Cable (OBC) contract with PETRONAS Carigali Sdn. Bhd. The contract with a value of approximately USD 70 million is for Temana and D18 fields in Malaysia. The project will start at the end of the first quarter of
