Subsea
Offshore Compression Project for Ormen Lange Postponed
The Ormen Lange Licence has decided to postpone the Offshore Compression Project for Ormen Lange, and stop the ongoing concept select work. The licence has been working towards a concept select decision for offshore compression, either a subsea compression solution or a tension leg platform solution
Statoil Discovers Gas and Oil in Valemon Nord
Statoil has together with the Valemon Unit partners made a gas and oil discovery in the Valemon Nord prospect in the North Sea. The discovery wells 34/10-54 S and 34/10-54 A, drilled by the drilling rig Transocean Leader, are located approximately 10 kilometres north of the planned Valemon installat
Solstad Obtains Ownership in CSV Normand Vision
Ocean Installer sells its 70 per cent share in the CSV Normand Vision to its marine partner Solstad Offshore, giving Solstad 100 per cent ownership. The Normand Vision is still committed on a long-term charter with Ocean Installer and the sale does not affect the plans Ocean Installer has for the us
Prysmian: ‘Cable Enterprise’ Conversion to Boost Submarine Capabilities
Prysmian Group, world leader in the energy and telecom cable systems industry, has been investing to further boost its submarine project execution capabilities in the conversion of its vessel “Cable Enterprise” from a moored cable laying barge into a DP2 cable laying barge able to use its own propul
Nautilus Minerals Completes SPT ‘Bulk Cutter’ Assembly
Nautilus Minerals Inc. has assembled the Bulk Cutter (BC), which is the first of the Seafloor Production Tools (SPTs). Nautilus’ CEO, Mike Johnston, said: “This is a major milestone for the Company, having the first of the three SPTs assembled. This achievement brings the Company all the closer to m
RGF Supports MCT’s Tidal Technology Development (UK)
Marine Current Turbines (MCT), a Siemens business, hosted a visit by Edward Davey, UK Secretary of State for Energy and Climate Change to celebrate its success in receiving funding from the Regional Growth Fund (RGF) for research and development into innovative tidal technology. Davey was in Bristol
OpenHydro, ARE to Develop 300MW Tidal Array in Alderney
Tidal technology company OpenHydro, a DCNS company, and Alderney Renewable Energy (ARE) have signed a joint venture which will see the two companies combine their expertise and resources to develop a 300MW tidal array in Alderney waters. The joint venture company is called Race Tidal Ltd. The formal
Siem Offshore Christens ISV ‘Siem Moxie’ in Hamburg
Siem Offshore’s, Norwegian marine operator, new installation support vessel was christened “Siem Moxie” at the naming ceremony at the port of Hamburg. E.ON is taking over the patronage of the ship. The “Siem Moxie” has a length of 74 meters and a beam of 17 meters. Its design drew on a wealth of exp
Wood Group Confirms New Board Changes
John Wood Group PLC (Wood Group) previously announced that Allister Langlands will retire from the Board and Ian Marchant will become Chairman of the Board. Wood Group now confirms that David Woodward will succeed Ian as Senior Independent Non-executive Director following the AGM. Ian Marchant, Chai
KONGSBERG Pens Revolving Credit Facility with Five Banks
Kongsberg Gruppen ASA (KONGSBERG) has signed a new $253 million revolving credit facility with a syndicate of five banks. The facility has a tenor of five years, plus two one-year extension options. The new facility is for general corporate purposes, and replaces the $167 million revolving credit fa
Wintershall Concludes Drilling of Appraisal Wells 6407/1-7 and 6407/1-7 A
Wintershall Norge AS, operator of production licence 475, has concluded the drilling of appraisal wells 6407/1-7 and 6407/1-7 A. The wells were drilled about eight kilometres northeast of the Tyrihans field and five kilometres northeast of the 6407/1-6 S gas condensate discovery in production licenc
Parkmead Acquires Additional Interest in Athena Oil Field
Parkmead has reported that it has completed the previously announced acquisition of an additional 20 percent interest in UK production licence P.1293 (Block 14/18b ALL), containing the Athena oil field, from EWE VERTRIEB GmbH (“EWE”). Through Parkmead’s acquisition of Lochard Energy Group PLC, compl
GDF SUEZ Abandons Well 7218/8-1 in Barents Sea
GDF SUEZ E&P Norge AS, operator of production licence 607, has concluded drilling of wildcat well 7218/8-1. The well was drilled about 65 kilometres southwest of the oil and gas discovery 7220/8-1 Johan Castberg and 130 km northwest of the Snøhvit field in the Barents Sea. The well’s primary explora
Faroe Executes Successful DST on Pil Discovery Well
Faroe Petroleum performed a successful Drill Stem Test (DST) on the 6406/12-3S Pil exploration well (Faroe 25%), drilled 33 kilometres from the Njord production facility (Faroe 7.5%) in the Norwegian Sea. An extensive data acquisition programme was carried out in the 6406/12-3S well, including the g