Subsea
Global Diving Boosts Its Team
Global Diving, part of the Global Energy Group, has made a several new appointments as it prepares to kick off dive operations worldwide.A £7million investment in a cutting edge offshore dive system has been supported by the recruitment of five new Aberdeen-based team members. The company, has been
Statoil in Shah Deniz Asset Sale
Statoil has sold its 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company, 15.5% share in the SCPC holding company, and 12.4% share in the Azerbaijan Gas Supply Company to the Malaysian oil and gas company PETRONAS. The trans
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 6 – October 12). Chiyoda Corporation, Xodus Group and Saipem International BV, a subsidiary company of Saipem Spa, have joined forces to set up a subsea engineering company named Xodus
Jumbo Installs Mooring System on Ithaca’s Stella Field
In September, Jumbo completed the mooring system pre-installation for the Greater Stella Area (GSA) development as main contractor for Ithaca Energy. Jumbo was managed by Costain Upstream, the subsea project management contractor for the GSA development. GSA is located in the Central North Sea, Cent
IBERDROLA Kicks Off TLPWIND Project
IBERDROLA, via its engineering and construction subsidiary, the Scottish University of Strathclyde and the Offshore Renewable Energy (ORE) Catapult have started work on the TLPWIND project, an R&D initiative with a focus on the offshore wind power sector and a budget allocation in excess of €1 milli
Tracerco Opens New Measurement Technology Centre in Billingham
Tracerco, part of Johnson Matthey Plc, has reaffirmed its commitment to the north east region with the official opening of its new 61,000 square feet Measurement Technology Centre in Billingham. The £9million investment, which houses 150 people, at the Belasis Business Park Enterprise Zone, has prov
Gassco Takes Over at Valemon Rich Gas Pipeline
The pressure test of the Valemon Rich Gas Pipeline has been approved, and Gassco has taken over the operatorship of 177-kilometre facility which will carry rich gas to the Heimdal field centre in the North Sea for further processing. Gassco has thereby become the operator for the Valemon Rich Gas Pi
Tidal Energy Market to Expand at CAGR of 24 Pct by 2018
Research and Markets has launched “Global Tidal Energy Market 2014-2018” report. The Global Tidal Energy market is set to grow at a CAGR of 24% over the period 2013-2018. The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americ
VIDEO: New Finds on Antikythera Shipwreck
A Greek and international team of divers and archaeologists has retrieved stunning new finds from an ancient Greek ship that sank more than 2,000 years ago off the remote island of Antikythera. The rescued antiquities include tableware, ship components, and a giant bronze spear that would have belon
Cost Effective Solutions for Permanent Well Abandonment at Offshore Energy 2014
In the North Sea area alone several thousands of wells have to be abandoned. Governments and regulatory agencies are informing the offshore oil & gas industry that unproductive wells must be adequately sealed to prevent potential environmental threats. In the conference part of Offshore Energy 2014
Faroe Wraps Up Schooner and Ketch Stake Acquisition
Faroe Petroleum has completed the previously announced acquisition of a 53.1% operated interest in the Schooner Field and a 60% operated interest in the Ketch Field in the UK Southern North Sea gas basin from Tullow Oil. Remaining Proved and Probable Reserves, as evaluated by the Company, as at 1 Ja
Statoil Encounters Gas in PL 714 in Barents Sea
Statoil Petroleum AS, operator of production licence 714, is currently completing the drilling of wildcat well 7220/2-1. The well was drilled about 40 kilometres northeast of the oil and gas discovery 7220/8-1 Johan Castberg in the Barents Sea, and about 260 kilometres northwest of Hammerfest. The p
Maritime Developments Patents Its 4-Track Tensioner
Maritime Developments, a provider of back-deck equipment to the oil and gas industry, has secured a patent for its 4-track tensioner. The company has already delivered two of the new tensioners to clients and is on the brink of completing a third one for its rental division. The TTS-4/140 series ten
DNV GL Creates New Subsea Team in Aberdeen
The subsea sector is reportedly set to quadruple in size, with projected annual revenues of £85bn by 2020. Currently 45% of the UKCS (United Kingdom Continental Shelf) production comes from subsea wells and with an increased focus on maximising economic recovery, one of the key challenges is to incr