Subsea
DOF Subsea Delivers Its Best Q1 Results
DOF Subsea, a specialist subsea service business, had its best 1st quarter ever with a total operating income of NOK 1 451 million (vs. NOK 1 156 million in the 1st quarter 2013). The EBITDA was NOK 663 million (NOK 308 million) and the pre-tax profit for the quarter was NOK 408 million (negative NO
Successful Start of 2014 for Osiris Projects
Osiris Projects has had a very busy and successful start to 2014. At the end of 2013 there were a number of significant developments that have impacted the successful start and the predicted successful end to 2014. Osiris Projects launched their new purpose built survey catamaran, Proteus in Novembe
MOG and Energean Make E&P Bid for Areas Offshore Montenegro
The Board of Mediterranean Oil & Gas Plc has announced that Energean Oil & Gas SA and MOG have jointly submitted a bid for the exploration and production of hydrocarbons in offshore areas 4118/05, 4218/30 and 4118/10 in Montenegro. If successful, Energean will act as the Operator with 60% working in
SPT Offshore Awarded Foundation Contract for Borkum Riffgrund 1
DONG Energy Wind Power A/S has contracted SPT Offshore for the installation and engineering of the suction buckets for demonstration tripod suction bucket jacket (SBJ) foundation for the Borkum Riffgrund 1 wind farm. The suction bucket jacket foundation will support a 3.6 MW Siemens wind turbine gen
Enhanced Drilling’s EC-Drill Completes Pilot Project on Statoil’s Troll
Offshore technology provider Enhanced Drilling (formerly AGR Enhanced Drilling) has successfully completed a landmark pilot project with Statoil. The EC-Drill® system from Sotra-based Enhanced Drilling is a managed-pressure-drilling system for use off floating rigs. The pilot, conducted on the Troll
GC Rieber Shipping Delivers Expected First Quarter Results
GC Rieber Shipping maintains stable and good operations, and delivers a good result for the first quarter. Total fleet utilisation was 89 percent in the quarter, down from 100 percent in the corresponding period in 2013. The decrease is related to a planned yard stay for the upgrading of “Polar Marq
ShoreTension, Gleistein Ropes, DSM Dyneema Develop New Mooring Solution
ShoreTension®, a revolutionary vessel mooring system, is helping the marine industry to address the global challenges of energy conservation, improving ships’ safety and the continuous need to reduce down-time of available terminals. The ShoreTension® system uses ropes made with Dyneema® SK78 fiber
Decom North Sea’s Event to Address Decommissioning Challenges
With a projected £40.6bn spend over the next 25 years in the UKCS alone, and a significant potential for jobs to be sustained or created, decommissioning is understandably high on the agenda across the oil and gas industry. The scale of these figures indicates that it is essential for cross-sector u
Hummingbird Spirit FPSO Stays on Chestnut Field Until 2017
Atlantic Petroleum UK Limited announces that Centrica Energy on behalf of the Chestnut joint venture (Licence P.354) has entered into a further agreement with Teekay Hummingbird Production Limited, to secure the use of the Hummingbird Spirit FPSO until the end of March 2017 (from the current March 2
Statoil: Investment Level on NCS to Remain High
In times when the oil and gas industry must live with lower profits and higher costs, cooperation is key to success. Directing much of its efforts towards the Norwegian continental shelf (NCS), Statoil needs the support of their cooperation partners. “The investment level on the NCS reached an all-t
Dana Petroleum Acquires Interest in Danish Licence from PA Resources
Dana Petroleum has acquired 40 per cent equity in the Danish 12/06 licence from PA Resources and will assume operatorship from 1 June. PA Resources retains a 24 per cent interest in the licence. Following on from the transfer of operatorship, Dana plans to drill an appraisal well on the Lille John o
Total Marks 50 Years of Operations on Dutch Continental Shelf
Total E&P Nederland last month celebrated 50 years of operations on the Dutch continental shelf. As part of the celebration ceremony, Total welcomed journalists and other guests to its Central Control Room in the Hague. The Central Control Room is the place from which the company monitors its offsho
The Underwater Centre Trains Team of Finnish Coastguard and Commercial Divers
Award-winning subsea training and trials facility, The Underwater Centre, expanded its international reach when it welcomed a team of Finnish coastguards and commercial divers recently. The group of 10 included four commercial divers as well as six members of the coastguard. They are now fully train
Xodus and TNO Lead Multiphase Flow Induced Vibration JIP
International energy consultancy Xodus Group and Dutch innovation company TNO will co-ordinate a Joint Industry Programme (JIP) with key industry players BP, Shell, Statoil, Total, Lundin, FMC Technologies and Aker Solutions, to carry out pioneering research into the role of multiphase flow induced