Subsea
Ithaca Energy Satisfied with First Quarter Financial Results
Ithaca Energy Inc. published its financial results for the three months ended March 31 2014. Financial Results – Cashflow from operations of $43.7 million (Q1 2013: $34.8 million), resulting in cashflow per share of $0.13 (Q1 2013: $0.13); – Profit after tax increased by approximately 370% in Q1 201
Kongsberg’s ICSS and Power Package for Gina Krog FSO
Kongsberg Maritime Engineering (KME) has signed a contract with Gina Krog LLC, a subsidiary of Teekay Shipping AS, for supply of an Integrated Control and Safety System (ICSS) and Power package to the Gina Krog FSO (Floating Storage and Offloading) unit, to be delivered to the Statoil operated Gina
Technip to Extend Alvheim Subsea Infrastructure
Technip was awarded by Marathon Oil Norge a contract for the extension of subsea infrastructure on the Alvheim field, located on the Norwegian Continental Shelf. The scope of work includes installation engineering, procurement, fabrication, installation and tie-in of spools and protection covers as
Atlantic Petroleum Re-Enters Brugdan II Well
Atlantic Petroleum announces that operations regarding the re-entry of the 6104/21-2 Brugdan II exploration well on Faroes Licence 006 have commenced. The Brugdan II 6104/21-2 well was drilled in 2012 and suspended in late November that year as the weather was closing in. The well is being re-entere
IKM Gets Johan Sverdrup Infield Pipeline FEED Contract
Statoil has awarded the Johan Sverdrup Infield Pipelines FEED contract to IKM Ocean Design. Concept selection for Johan Sverdrup was made in February 2014. The field is located south of Grane, north-east of Sleipner and about 140 km west of Stavanger. Water depth in the area is 110-120 meters. Produ
Hydro14 Takes Place at Aberdeen Exhibition and Conference Centre
Aberdeen Exhibition and Conference Centre (AECC) announces that the International Federation of Hydrographic Societies Annual International Conference, Hydro14, will be held in Aberdeen in October this year. Hydro14 will take place on 28th-30th October 2014 at AECC in Aberdeen and is expected to att
Eni Appoints New CEO and Members of Board Committees
Eni’s Board of Directors appointed Claudio Descalzi as Chief Executive Officer and General Manager. In this role he will be responsible for the management of the company, with the exception of specific responsibilities that are reserved for the Board of Directors and those that are not to be delegat
Saipem Confirms Appointment of Umberto Vergine as CEO
The Board of Directors of Saipem S.p.A. has confirmed the appointment of Umberto Vergine as CEO of Saipem S.p.A. The Board of Directors applied the evaluation criteria set forth in the Corporate Governance Code promoted by Borsa Italiana to ascertain that the Directors Francesco Carbonetti, Rosario
DNV GL Announces Acquisition of Marine Cybernetics
DNV GL, the world’s leading ship and offshore classification society and one of the world’s leading technical risk service providers, has acquired Marine Cybernetics, the leading company for third-party testing of computer control systems. The acquisition expands DNV GL’s scope of services in the of
Alcatel-Lucent Upgrades Apollo Subsea Cable System
Alcatel-Lucent has completed an upgrade of the Apollo undersea cable system which links the UK and France to the United States. This multiple 100 gigabit per second (Gbit/s) upgrade enhances the system’s capacity in support of the continued global explosion of data traffic and increased demand for c
Hydratight and AS Connector to Provide IRM Solutions for Subsea Pipelines
Hydratight, one of the world’s leading pipeline joint integrity companies, and AS Connector, a dedicated deepwater engineering company, have signed a formal agreement to jointly supply subsea pipeline inspection, repair, and maintenance solutions. This collaboration comes as a response to better mee
Assodivers Order 2nd Atom ROV from SMD
Greece based Assodivers have confirmed an order for an additional SMD Atom 100hp 3000m rated work class remotely operated vehicle (ROV) complete with Launch and Recovery system (LARs). The work class ROV system will be delivered during the third quarter of this year and will complement their existin
Faroe: Butch East Well Results Disappointing
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, informed that drilling has reached target depth on the Centrica-operated Butch East exploration well 8/10-5S and a subseq
UK Industry Works to Maximise Tidal Lagoon Potential
Heavy engineering specialists Sheffield Forgemasters have joined a body of senior business owners and directors in Wales working to maximise the potential of a new tidal lagoon industry in the UK. The Wales Tidal Industry Advisory Group was established in January 2014 to realise the commercial benef