Subsea
IKM Subsea Malaysia Bags ROV Contract from McDermott
IKM Subsea (Malaysia) Sdn. Bhd. was recently awarded a Remotely Operated Vehicle (ROV) contract by Berlian McDermott Sdn. Bhd., the Malaysian affiliate of McDermott International, Inc. The project involves installation of suction anchors offshore Malaysia. IKM Subsea will provide the Merlin WR200 Wo
UK’s Energy Minister to Deliver Keynote Address at Wave & Tidal 2014
RenewableUK has announced that The Rt Hon Gregory Barker MP, Minister of State for Energy and Climate Change will be giving the keynote address at Wave & Tidal 2014 in Belfast. Gregory was elected Conservative MP in Sussex in June 2001 and served on the House of Commons Environmental Audit select co
Alewijnse Gets Contract for Full Electrical Fit Out of Damen’s New Cable Layer
Alewijnse Marine Systems has been awarded the contract for the full electrical fit out of Damen’s new cable layer, which is now under construction for international contractor Van Oord and scheduled for delivery at the end of 2014. The 120m vessel is intended for the installation of electricity cabl
Ulstein to Build Its Largest Ever Offshore Construction Vessel
Edison Chouest Offshore and Island Offshore are ordering two new OCV vessels through the company Island Ventures II LLC. One vessel will be built at Ulstein Verft, Norway, one in USA. Constructing at Ulstein Verft Ulstein Verft has been contracted to build a new offshore construction vessel of the U
Statoil and NASA Form Research Agreement
Statoil and NASA have formed an agreement to explore a wide range of technologies to assist Statoil in the search for oil and gas exploration and production efforts, which are increasingly moving into frontier regions. The contract with NASA is effectuated at Jet Propulsion Laboratory (JPL) at Pasad
Wintershall, Partners Submit Maria Development Concept
Wintershall and the two license partners Petoro AS and Centrica Resources (Norge) AS have a preferred solution for the development of the Maria field in the Norwegian Sea: According to the solution, the reservoir would be linked to the already existing infrastructure nearby via an underwater install
Top News of the Week of Nov 18 – Nov 24, 2013
1. McDermott Nets EPCI Contract in Arabian Gulf McDermott International, Inc. (“McDermott”) announced that one of its subsidiaries was awarded an Engineering, Procurement, Construction and Installation (EPCI) project for a customer in the Arabian Gulf. The value is approximately US$ 200 million and
Aker Solutions Sells Well-Intervention Services Business
Aker Solutions agreed today to sell its well-intervention services business area to EQT, a Swedish private equity fund, for an enterprise value of NOK 4 billion. The agreement includes an earn-out provision where Aker Solutions will receive 25 percent of any internal rate of return exceeding 12 perc
Centek Introduces UROS-CT for Deepwater Wells
Centek Group, the leading centralizer manufacturer, has introduced its UROS-CT centralizer targeted on tight casing applications in deep water wells. The UROS-CT is designed for use in tight tolerance casings where the centralizer is required to compress fully to travel between tight casing strings
PSA Calls for Well Control Incidents Awareness
Well control incidents and barrier management were on the agenda at the annual contractor seminar organised by the Petroleum Safety Authority Norway (PSA) and held last Tuesday. “We are regrettably not seeing a positive trend in the fall in well control incidents, which is worrying”, said PSA Direct
Moyle Interconnector Seeks Contractor for Submarine Cable Services
Moyle Interconnector Limited is looking for a manufacturer led turnkey proposal for the design, manufacture, testing, supply, installation, jointing and commissioning of replacement subsea and land metallic return conductors. There are two options currently under consideration. The first option is t
GDF Suez Presents Future Focus Areas Offshore Norway
This week GDF Suez E&P Norge’s Deputy Managing Director, Geir Pettersen, participated at the NOC conference in Stavanger, where he spoke about the company’s future strategic focus areas on the Norwegian continental shelf. GDF SUEZ E&P Norge is the operator of the Gjøa field and has in the past year
Dana Petroleum Finds Oil in Liberator Prospect
Dana Petroleum has made an oil discovery in the Moray Firth following the drilling of the Liberator exploration well. Dana drilled 13/23d-8 on the Liberator Prospect in Licence P1987 as Operator and discovered hydrocarbons in a Lower Cretaceous Captain Sandstone reservoir. Detailed evaluation of the
Harkand Charters OSCV Siem Spearfish from Siem Offshore
Siem Offshore and the Harkand have entered into a charter agreement for the Offshore Subsea Construction Vessel (“OSCV”) “Siem Spearfish”, which is under construction in Norway. The agreement is made at market terms and is for a firm period of five years with three yearly options. The charter shall