Subsea
Subsea 7 Sinks to Five-Year Low
Oil services company, Subsea 7, saw its stock price hit a five-year low after dropping below NOK 55 on Wednesday. Despite the latest job offshore Egypt, the shares have dived approximately 60 percent since 2011 form NOK 150 (NOK 154.9 in April 2012). The stock has fallen some 36 percent since May th
Lloyd’s Register, Aker Solutions Ink New Framework Agreement
Lloyd’s Register and Aker Solutions will collaborate under a new global framework agreement to drive efficiency in engineering and subsea oil and gas developments. Lead Group Category Manager, Gaute Fardal from Aker Solutions, said: “We are pleased to have Lloyd’s Register on board as a new Group Fr
ORE Catapult and Atlantis Test AR1500 Tidal Turbine in Blyth
The Offshore Renewable Energy (ORE) Catapult and Atlantis Resources informed that the 1.5MW tidal turbine, the AR1500, will undergo a six week test programme at the National Renewable Energy Centre in Blyth. ORE Catapult is working with Atlantis Resources on the €1.3m Eurostars project to drive forw
Shawcor Adds Lake Superior Consulting
Shawcor, a pipeline and pipe services specialist, has acquired the units of Lake Superior Consulting for an undisclosed sum plus a potential earn out payment payable in 2016. Lake Superior is a Duluth, Minnesota based professional services firm, specializing in pipeline engineering and integrity man
PHOTO: Keel Laid for Multipurpose Vessel Living Stone
DEME Group informed that the keel laying ceremony for the Multipurpose Vessel ‘Living Stone’ has been held at LaNaval Shipyard in Spain. The vessel, planned for delivery in 2017, will serve the offshore energy market. Living Stone will be equipped with a fall-pipe and rock installation system as wel
Huisman Cuts Steel for COOEC’s Vertical Lay System
Dutch firm Huisman has marked the start of construction of the new pipelay system for COOEC, a subsidiary of CNOOC, by holding a steel cutting ceremony at its facility in China. It is a 325mt vertical lay system (VLS) for flexible pipe, and it will be the first ever operated and owned by a Chinese c
FoundOcean Wraps Up Gemini Foundations Grouting
FoundOcean has completed the grouting of foundations at Gemini Wind Farm on behalf of Van Oord. The offshore wind farm, situated 85 kilometres north of the Dutch province of Groningen, is made up of 150 wind turbines spanning across 2 sites. The 600 MW wind farm will provide 785,000 homes with renew
Subsea UK Awards Finalists Unveiled
Aker Solutions, N-Sea and Saab are in contention for the Subsea Company of the Year award at this year’s Subsea UK Awards, held during Subsea Expo. The awards dinner will take place on February 03, at the Aberdeen Exhibition and Conference Centre. In the Global Exports award category, Flowline Speci
Ithaca Names New CCO
Ithaca Energy, a North Sea oil and gas operator, has appointed Dr. Richard Smith as Chief Commercial Officer, effective January 01, 2016. Dr. Smith has held the position of Corporate Development Manager at Ithaca for the last five years. He has over 19 years of experience in the oil and gas industry
Statoil in Norway CCS Study
The Ministry of Petroleum and Energy has signed an agreement with Statoil on a feasibility study regarding CO2 storage on the Norwegian Continental Shelf (NCS). Reportedly, the study will include various development concepts for storing CO2 at three different locations on the NCS. The study is to be
Update: Three Bodies Recovered from Sunken Thorco Cloud
Thorco Shipping informed that search and rescue teams have found three bodies near the wreckage of the recently sunken Thorco Cloud. The multipurpose carrier Thorco Cloud sank on December 16 after having collided with the tank vessel Stolt Commitment from Stolt Tankers. The ship sank in the high-tra
Opus Tiger Class Drillship Passes Second Round of Sea Trials
CSSC Shanghai Shipyard-built Opus Tiger-1 drillship has completed the 12-day second sea trial in East China Sea. The trial, in water depth of some 82 meters, was focused on the mooring system and drilling system integrated acceptance test. The drilling package, designed and manufactured by Honghua G
Woodside Finds Gas Offshore Myanmar
Woodside informed that the Shwe Yee Htun-1 exploration well in Block A-6 in the Rakhine Basin, located in the western offshore area of Myanmar, has intersected a gross gas column of approximately 129 m. The well reached the planned original total depth (TD) of 4810 m, referenced from the rig rotary
PHOTO/VIDEO: NTSB Reveals El Faro Wreckage
The National Transportation Safety Board has opened the accident docket and released underwater images and video of the sunken El Faro vessel as part of its continuing investigation into the sinking of the cargo ship in the Atlantic Ocean in October. The US-flagged ship, owned by Sea Star Line, LLC,