Subsea
BP Marks Solid Start to 2014
BP reported its financial results for the first quarter of 2014. Underlying replacement cost profit for the quarter was $3.2 billion, compared with $2.8 billion for the previous quarter and $4.2 billion for the first quarter of 2013. Operating cash flow in the quarter was $8.2 billion. The company a
Kongsberg Delivers Seagliders to National Oceanography Centre, UK
Kongsberg Underwater Technology, Inc. has recently supplied five new Seaglider Autonomous Underwater Vehicle (AUV) systems to the National Oceanography Centre (NOC) in Southampton, UK. The AUVs were ordered by NOC’s Marine Autonomous and Robotic Systems facility (MARS), and will become part of a fle
Atlantic Petroleum: Drilling Starts at Blackbird Field’s 2nd Well
Atlantic Petroleum announced that the Blackbird Field second production well has spudded using the Noble Ton V Langeveld drilling rig. The Blackbird Field is owned by Nexen Petroleum U.K. Limited (Operator) 73.02957%, Nexen Ettrick U.K. Limited 17.57270% and Atlantic Petroleum UK Limited 9.39773%. T
Reef Subsea Awards Rix Sea Shuttle Cable Support Contract
Ship operator Rix Sea Shuttle has netted a contract at one of Europe’s largest offshore wind farms. The company was awarded the work by Reef Subsea to support their two cable installation vessels at the RWE Innogy Gwynt y Môr development. Gwynt y Môr is one of the largest offshore wind farms current
VARD: Promising Start of 2014, CEO Says
Vard Holdings Limited, one of the major global designers and shipbuilders of offshore and specialised vessels, announced its financial results for the first quarter ended 31 March 2014. VARD recorded an exceptionally high order intake of $918.4 million in 1Q2014, securing eight new vessel contracts
Jee Secures Subsea Pipeline Design Contract
Jee Ltd, an independent multi-discipline subsea engineering and training firm, has been awarded a contract in support of a $14 million seven-year development. The contract, with a major offshore pipelay and subsea construction company, is as a result of recent oil field operations in Canada. Jee wil
Plexus to Deliver POS-GRIP to Centrica Energy
Plexus Holdings has secured a new well order to supply its POS-GRIP surface exploration wellhead equipment and services under an existing contract with oil and gas company Centrica Energy Norway (‘Centrica’). The value of the order is estimated at approximately $1.5 million with revenues expected to
Statoil’s First Quarter Earnings Increase
Statoil’s first quarter 2014 net operating income was NOK 51.4 billion, a 35% increase compared to the first quarter of 2013. Adjusted earnings were up 9% to NOK 46.0 billion. “We are pleased to present strong financial results for the quarter. Higher prices and good results from our US gas value ch
BG Group Accepts Resignation of Chris Finlayson as CEO
BG Group announces the Board has accepted Chris Finlayson’s resignation as Chief Executive and as an Executive Director of the Board with immediate effect, for personal reasons. Until a permanent replacement is appointed, Andrew Gould, BG Group’s Non-Executive Chairman, will take over as interim Exe
6 Alpha to Provide UXO Survey and Risk Management Advice for TenneT
6 Alpha Associates, the strategic advisor for managing high risk offshore initiatives, has signed a long-term framework contract with TenneT, the European grid operator responsible for connecting offshore wind projects to the German electricity network. The agreement will see 6 Alpha Associates prov
AGR, Det norske Sign Frame Agreement for Well Services
AGR has been awarded a frame agreement with Det norske to provide well services and consultancy resources to the operator’s projects on the Norwegian Continental Shelf (NCS). The frame agreement starts May 1, 2014 with duration of three years. The possible additional two plus two years’ extension wi
Normand Cutter Ready for Repair at Damen Shiprepair Rotterdam
Multi-Purpose Offshore Vessel ‘Normand Cutter’ has arrived at Damen Shiprepair Rotterdam for repair and modification work. The 127, 5 m long deepwater subsea construction and umbilical lay DP vessel has been dry-docked at the repair and conversion yard, Damen informed through social media. The scope
RWE Installs Foundations at Gwynt y Môr
RWE Innogy UK has successfully completed the installation of all 160 foundations at the world’s second largest wind farm, Gwynt y Môr. The final transition piece was installed on Wednesday 23rd April more than eight miles off the North Wales coast by RWE’s jack up installation vessel, Friedrich Erne
IKM Acquires Norwegian Oiltools
IKM has announced an acquisition of Oiltools, a Norwegian company established in September 2000. Oiltools has provided solutions for slop treatment and cutting handling of several major drilling operations in the Barents Sea, North Sea, UK, Greenland, Mexico and the Falkland Islands. Oiltools and IK