Subsea
UK Subsea Companies Set for Growth in 2013, Survey Reveals
Subsea companies across the UK are set to grow by 20% or more in 2013, with some companies anticipating more than 50% growth. A survey of Subsea UK members revealed that 100% of firms are predicting significant growth in the next 12 months. Almost half expect to grow by 30% and a third by more [&hel
2012, Year of Strong Progress for Statoil, CEO Says (Norway)
Statoil’s fourth quarter 2012 net operating income was NOK 45.8 billion. In 2012, net operating income was NOK 206.6 billion. Statoil delivered equity production of 2,004 mboe per day in 2012, increased by 8% from 1,850 mboe per day in 2011. Adjusted earnings increased by 7% to NOK 193.2 billion in
Total Signs Two PSCs with Cyprus
Total announces that it has signed two production sharing contracts (PSCs), for Blocks 10 and 11, with the Republic of Cyprus. The PSCs were awarded as part of the second offshore exploration licensing round, launched by the Cypriot government in 2012. The licenses extend over 2,572 square kilometer
New Subsea Oil and Gas Group Unveiled at Subsea UK 2013
A new subsea oil and gas group, Harkand, chaired by oil and gas industry veteran Tom Ehret, is launching today with an ambition to grow to a turnover of $1 billion in the next five years. Following investment by Oaktree Capital Management in Iremis, Integrated Subsea Services (ISS) and their sister
Marine Minerals Limited Mining Project Raises Concerns (UK)
Opponents of the Marine Minerals Limited planned mining project on the north Cornish coastline expressed their worries about the impact of the project on the local ecosystem, BBC informs. The company has already submitted a plan to begin the process of collecting tin from the seabed from St Ives to
ROVOP Announces New Contracts and ROV Delivery (UK)
Rapidly growing and award winning subsea specialist ROVOP has made a strong start to 2013 after expanding its management team and signing £3.5 million of contracts in January alone. The company, which provides subsea remotely operated vehicle (ROV) services, has bolstered its management team with th
NOC Scientists Discover Underwater Volcanic Vent (UK)
The location of an underwater volcanic vent, marked by a low-lying plume of shimmering water, has been revealed by scientists at the National Oceanography Centre, Southampton. Writing in the journal PLOS ONE the researchers describe how the vent, discovered in a remote region of the Southern Ocean,
Det norske Receives Employer Brand Award (Norway)
Yesterday, Det norske was the proud recipient of Scouting’s Employer Brand Award, awarded to the most attractive start-up Norwegian employer. The headhunting agency Scouting has, for the fifth consecutive year, interviewed executives and experienced professionals in the oil and gas industry regardin
Ecosse Subsea Unveils Plastic Reeled Elastic Pipelay System in UK
Ecosse Subsea Systems has this week unveiled a game-changing pipelay technology at Subsea UK 2013 in Aberdeen. The subsea technology firm has developed and patented a rigid pipelay system which can be deployed from smaller, more readily available vessels and which will slash schedules and installati
Glacier Energy Creates Offshore and Engineering Divisions (UK)
International oilfield services specialist Glacier Energy Services is refocussing its business structure with the creation of specific Offshore and Engineering divisions, and appointment of managing directors to lead those operations. Glacier Offshore comprises the Roberts Pipeline Machining and Sit
UK: FoundOcean Completes Grouting for Narec’s NOAH Met Mast
FoundOcean has completed the grouting contract for Narec’s Offshore Anemometry Hub (NOAH), under contract to SeaRoc. The NOAH contract was a notable project in another very successful year for FoundOcean which included offshore operations in the United Arab Emirates, South East Asia, Australia, Indi
Stork Technical Services Bags Significant Subsea Contract
Stork Technical Services, the leading global provider of knowledge-based asset integrity management services for the oil and gas, chemical and power sectors, announces the company has secured more than £15 million of new work with a major North Sea operator in the past month. The contract award will
Flexlife Receives Apache North Sea Contract Extension (UK)
Leading subsea integrity and project management specialist Flexlife has been awarded a contract extension by Apache North Sea worth £5million per annum. Flexlife was originally awarded a three-year deal that amounted to £13million and has now secured a one-year extension to project manage work with
Italy: Dragflow Launches New Umbilicals and Oil Hoses Spoolers for High Depth Dredging
Deep sea and high depth dredging: that’s the new emerging trend in the dredging market and Dragflow is a world leader in this field, thanks to its decennal experience, combined with a never ending Research&Development. In order to answer to the most demanding customers requests, Dragflow extends its