Subsea
New CEO for Saipem
The Board of Directors of Italian contractor Saipem has appointed Stefano Cao as the company’s new Chief Executive Officer. Stefano Cao will replace Saipem’s previous CEO Umberto Vergine, who was appointed back in December 2012. The appointment comes expected, after Italy’s oil & gas major Eni, whic
MT Højgaard Not Liable in Robin Rigg Trial
The Court of Appeal in London has ruled that MT Højgaard is not liable for the costs of repairing the foundations for the Robin Rigg Offshore Wind Farm, off the Scottish coast. In April 2014, the first ruling went against MT Højgaard, but an appeal was filed, and the Court of Appeal has now reversed
ION Delivers Reprocessed Data Off Barbados
ION Geophysical Corporation has completed the company’s Barbados Reprocessing project, in coordination with the recent announcement of Barbados’ 2015 offshore licensing campaign. ION’s Barbados Reprocessing is a multi-client two-dimensional (2D) seismic program encompassing more than 9,000 km of new
NPRA Conducts Core Drilling to Map Subsea Tunnel Route
On the west coast of central Norway the Norwegian Public Roads Administration (NPRA) is carrying out a core drilling operation for a 15,5 km long subsea tunnel. Seismic surveys that have previously been carried out shows weakness zones in the rock that the tunnel must be drilled through. There may a
Chariot to De-Risk Prospects Off Mauritania
Chariot and its partners Cairn Energy and the SociétéMauritanienne des Hydrocarbures et de Patrimoine Miner (SMHPM), have secured a one year extension on the current exploration phase of the C-19 licence offshore Mauritania. As part of the extension, the Partnership has committed to undertake seabed
Chet Morrison Contractors Makes New Appointments
Chet Morrison Contractors announced two changes to its senior management team. Leroy Guidry has been named president of Chet Morrison Contractors. In additon to this new position, he will continue to serve as chief financial officer, a position he’s held since 1998. He has over 30 years of experienc
Statoil Wraps Up Shah Deniz Asset Sale
Statoil and the Malaysian oil and gas company PETRONAS completed their transaction, announced previously on October 13, 2014. The sale involved the transfer of Statoil’s 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (S
Rederij Groen Takes ‘7-Stars’
Maaskant Shipyards Stellendam, part of the Damen Group, has delivered the Seismic Research Support vessels ‘7-Stars’ to offshore support service provider Rederij Groen. The 7-Stars will join Rederij Groen’s fleet of almost 30 vessels, which notably includes sister vessels of the same series 7-Oceans
Port of Gothenburg Presents New Oil Spill Robot
A new robot has been introduced at the Port of Gothenburg. Its task will be to deploy booms in the event of an oil spill. This new technology should result a more rapid and safer oil spill clearance at the Port of Gothenburg. The Port of Gothenburg has invested SEK 3.5 million in an automatic [&hell
Oil Flows from Kizomba (Angola)
BP confirmed today the start of oil production from the Kizomba Satellites phase 2 development in Block 15, offshore Angola. Operated by ExxonMobil, the deepwater project is expected to produce around 70,000 barrels of oil per day at peak. “This is the first of BP’s planned start-ups for 2015 and is
Polarcus Posts Loss, Reduces Operational Fleet
Seismic contractor, Polarcus, has recorded a net loss third quarter in a row as the contract revenues went down 33% from the same quarter a year earlier. The Norwegian company reported a first-quarter loss of $26.4 million or basic and diluted earnings per share of negative $0.04, versus the net pro
FlexTech Secures First Contract in Southeast Asia
Flexible pipe specialist FlexTech has established its first foothold in the Southeast Asian energy market by securing a contract with an oil and gas company in Vietnam. The project involves FlexTech engineers managing the system design, manufacturing, inspection and delivery of flexibles on a major
PGS Down in Q1, Cold-Stacks Two Vessels
Oslo-listed seismic player Petroleum Geo-Services (PGS) has booked a net loss of $19.5 million for the first quarter of 2015, compared with a $4.6 million profit in the corresponding period in 2014. In the first quarter of 2015, the company recorded revenues of $251 million ( out of which $143.3 mil
New Licences for BHP Billiton Offshore Barbados
The Government of Barbados and BHP Billiton signed exploration licences for two offshore blocks, Carlisle Bay and Bimshire. These blocks are approximately 40 kilometers southeast of the island nation, total about 5,000 square kilometers and are located in waters ranging from approximately 1,200 to 2