Subsea
Sparrows Gears Towards Global Market
Sparrows has announced annual results which show a 12% increase in turnover and almost 25% rise in profits. The Aberdeen head-quartered company, which provides engineered products and services to the global oil and gas industry primarily in offshore lifting and mechanical handling, has also created
Doedijns’ UCS for Gina Krog Launch Jacket
Doedijns has recently received an order to supply the complete Upending Control System (UCS) for the Gina Krog Launch jacket currently being fabricated at the Heerema yard in Vlissingen. Weighing 17.000 tons with a height of 142 meters, a footprint of 60 x 50 meters and a top of 40 x 30 meter, the G
Denmark: OPTION Project Kicks Off
An innovative energy industry consortium set up to tackle the key challenge of enhancing oil recovery from reservoirs has started its mission by holding a kick off meeting to execute its plan of action. The €3.9 million (approx. £3.2 million) project named OPTION – Optimizing Oil Production by Novel
UK: Tekmar Demonstrates Its Cable Protection Systems at ORE Catapult
Subsea specialist Tekmar Energy is holding a series of live events to demonstrate its industry-leading cable protection systems (CPS), installation techniques and engineering developments. The demonstration days are taking place at the Offshore Renewable Energy Catapult’s (ORE Catapult) National Ren
RYA Opposes Strangford Lough Tidal Project
The Crown Estate, manager of the UK seabed, has announced that it has agreed seabed rights for six new wave and tidal current demonstration zones and five new wave and tidal current sites around the UK. Of the 11 zones and sites announced the RYA is particularly concerned with plans to place a furth
Premier Eyes $880 Mln Revenues in H1
Premier has provided an Operations Update summarising key activities since the Interim Management Statement on 14 May 2014 and a Trading Statement in respect of its half year financials to 30 June 2014. This is in advance of the Group’s 2014 Interim Results which will be published on Thursday 21 Aug
3sun Bags Marine Operations and Management Contract from Statoil
Aberdeen based 3sun Group, a specialist provider of products and services to the global energy industry, has been awarded a marine operations and management contract by Statoil, worth £1million. The six month contract, which commenced last month [June], will be based within the Outer Harbour of East
Advantec Delivers IWOCS for Nexen’s Golden Eagle
Award winning Subsea Controls Company, Advantec Aberdeen Ltd has delivered Bespoke Intervention Work Over Control System (IWOCS) to Nexen Petroleum UK Ltd for its Golden Eagle Area Development project. The design, manufacture and delivery of the IWOCS, along with a separate five year services contra
Infield Sees Latin America and Africa Leading Subsea Industry
Infield Systems expects positive prospects for growth in the subsea sector, with global subsea capital expenditure (Capex) and subsea tree installations both anticipated to double in the next five years. Overall, the subsea market will grow at a CAGR of 6.72% from 2014-2018. The principle driver for
Fugro Expects Disappointing First Half of 2014
Following a weak first quarter and due to poorer than expected results during the past months, Fugro has decided to disclose preliminary non-audited information on its performance in the first half of 2014. Fugro expects to report over the first half of 2014 low single digit EBIT margin (excluding n
Lundin Extends Frame Agreement with AGR
AGR’s Facilities Solutions division, part of the global service company AGR, announces that its Frame Agreement with Lundin Norway had been extended for another three years. The contract covers delivering field and facilities management services for Lundin Norway’s field development projects. AGR’s
Scana’s Propulsion Systems for New Offshore Vessels
Scana Propulsion, a subsidiary of Scana Industrier ASA, has signed two contracts for delivery of propulsion equipment to sophisticated offshore vessels. The total value of the contracts are about 38 million NOK. The contract with Flensburger Schiffbau GmbH in Germany is for delivery of propulsion sy
Ithaca Releases Second Quarter Production Update
Ithaca Energy Inc. provides a production update following the end of the second quarter of the year. Average pro-forma production in Q2-2014 was approximately 14,400 barrels of oil equivalent per day (“boepd”), 94% oil, including the contribution from the assets being acquired from Sumitomo Corporat
Costa Concordia Refloating Set for Monday
The salvage team has confirmed that the Concordia refloating operation is set to go ahead starting on Monday, July 14. As was the case for parbuckling, start of the operation is subject to authorization from the Observatory and also depends on the weather forecast over the next few days. Therefore,