Subsea
IKM Subsea Wins ROV Services Extension for Nexans Skagerrak
Nexans Norway and IKM Subsea have come to an agreement to extend the current ROV services contracts on board the vessel Nexans Skagerrak. The contract value including options is 75 million NOK and duration term is firm for 3 years + 2 yearly options. IKM Subsea’s ROV services will be integrated with
Tracerco Offers Its Pipeline Inspection Tools in Australasia
Tracerco has brought its pipeline inspection tool the ‘Discovery’ and its complimentary technology, ‘Explorer’ to the Australasia region, permanently basing the equipment at its Western Australia facility in Perth. The Discovery provides CT scan of subsea pipelines, while the Explorer can fast scree
JDR Bags McDermott Umbilical Deals
JDR, the UK-based supplier of subsea umbilicals and power cables to the offshore energy industry, has been awarded two umbilical contracts by McDermott Middle East Inc., for undisclosed operators. The umbilicals will be delivered to two projects in the United Arab Emirates and Qatar. The first proje
Eni to Develop Zohr Gas Field Offshore Egypt
The Egyptian Ministry of Petroleum and Mineral Resources has approved that the Egyptian Natural Gas Holding Company (EGAS) grants Eni the Zohr Development Lease, which allows for the development of the gas field located in the Shorouk Concession, offshore Egypt. The development plan envisages the st
Global Energy Acquires Geo Oceans
Scotland-based Global Energy Group has acquired subsea technology company Geo Oceans, based in Perth, Australia. Global Energy Group Chief Executive, Iain MacGregor said: “Geo Oceans is an industry-leader and innovator in its field. Additionally, it is a company we admire and have collaborated with
CGG Gears for Mexico Survey
CGG will start a multi-client airborne gravity and magnetic survey offshore Mexico, the company said Monday. The Comisión Nacional de Hidrocarburos (CNH) has authorized the program, which will include the acquisition of approximately 200,000 line kilometers over six areas across the Mexican Gulf of
Fugro Scoops Kaombo Deal Off Angola
Fugro is to provide offshore survey and positioning services at the Kaombo oil development offshore Angola. Under a contract awarded by Technip, Fugro will provide offshore deepwater survey and positioning services to a total of seven installation vessels and construction support vessels. Peter Boon
Wood Group Gets Flowline Design for GWF Phase 2
Wood Group has secured a contract with Woodside to provide the detailed design of the Greater Western Flank Phase 2 (GWF-2) flowline system. The GWF-2 Project is located on the North West Shelf, offshore Western Australia. Under the contract, Wood Group Kenny (WGK) will perform the flowline system d
IMCA Updates Wire Rope Integrity Management Guidance
The International Marine Contractors Association (IMCA) has published a revised version of ‘Guidance on wire rope integrity management for vessels in the offshore industry’ (IMCA SEL 022 Rev. 2/IMCA M 194 Rev. 2). This document provides guidance on the necessary elements of an integrity management s
Cairn, EnQuest Buy Additional Interest in Kraken
Cairn’s wholly owned subsidiary, Nautical Petroleum Limited, has acquired additional 4.5% interest in the Kraken development in the UK North Sea from First Oil bringing Cairn’s total working interest to 29.5%. Cairn and EnQuest, the operator of the Kraken development, are both taking up First Oil’s
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (February 15 – February 21). Norway’s Statoil has reportedly given up on constructing a new platform to develop its Snorre 2040 project offshore Norway for a subsea solution which should cut costs, hel
GE Lands Statoil Subsea Deal
GE Oil & Gas has signed a master service agreement with Statoil for new subsea projects. The global agreement forms the basis for potential new contracts for subsea equipment and services on new projects and field developments. The contract is valid globally until 2025. “We are pleased to have secur
PGS Completes Namibia Shoot
Chariot Oil & Gas has completed its 3D seismic survey in Blocks 2312 & 2412A offshore Namibia in conjunction with its partners AziNam (20%), NAMCOR (10%) and Ignitus (5%). The survey, which started in January this year, comprised approximately 2,600km² of data and was conducted by PGS Exploration (U
GC Rieber Takes NOK 400 Mln Hit
GC Rieber Shipping, has booked quarterly loss of NOK 400.1 million, compared with loss of NOK 201.4 million in 2014, due to loss from the bankruptcy of Dolphin Geophysical, impairment of the fleet and expensing of previously capitalized deferred tax assets. The loss of NOK 189.7 million is related t