Subsea
McDermott Secures Marjan Work for Saudi Aramco
McDermott has been awarded initial work for a significant power supply system replacement contract by Saudi Aramco for the Marjan field, offshore Saudi Arabia. Work is expected to be executed through the fourth quarter of 2016 and will be included in McDermott’s first quarter 2015 backlog. The overa
James Fisher Buys Subtech
James Fisher has acquired the entire share capital of Subtech. The initial consideration is ZAR61.0m (£3.4m) in cash plus potential future consideration up to a maximum of ZAR175.0m (£9.9m) based on the Company achieving profit targets in 2015 and 2017. There is an additional profit share above targ
Providence Encouraged by Drombeg Data
Ireland’s Providence reported that the initial evaluation of the fast-track 3D volume has revealed seismic morphologies in the Drombeg prospect which are consistent with those of a large deep-water fan system. These data also suggest that the Drombeg fan is being sourced from the Porcupine Bank via
Chevron’s Gorgon Project Gets EPA Conditional Approval
Chevron Australia’s Gorgon Gas Development Fourth Train Expansion Proposal, which is expected to expand the liquefied natural gas (LNG) production capacity on Barrow Island from 15 to 20 million tonnes per annum, has been recommended for conditional approval by the Environmental Protection Authority
Conservation Groups Oppose North Carolina Seismic Shoot
On behalf of several conservation groups, the Southern Environmental Law Center (SELC) today submitted comments to the North Carolina Division of Coastal Management (DCM) on the first two proposals to conduct seismic blasting with airguns off the North Carolina coast. The Bureau of Ocean and Energy
McDermott Back in Black
McDermott has reported fourth quarter 2014 net income of $8.2 million, or $0.03 per fully diluted share, compared to a net loss of $326.2 million, or $1.38 per diluted share, in the prior-year quarter. For the year ended December 31, 2014, the Company reported a net loss of $76.0 million, or $0.32 p
Albatern Gets Fund for Wave Energy Development
Scottish Enterprise has supported Albatern through a £400k investment from the Renewable Energy Investment Fund, which it administers of behalf Scottish Government. The funding will enable the company to complete verification of existing units and position it to commercialise and scale up their arra
HYPACK Names New President
HYPACK, Inc., a provider of hydrographic and navigation software, has appointed Harold Orlinsky as a President. Harold began his hydrographic career as a NOAA field officer in 1989. He joined HYPACK in 2005 as a hydrographer on the support staff and has served as Chief Operations Officer since 2008.
Subsea 7 Bags $240 Mln Shell Deal
Subsea 7 has been awarded a two-year extension to two Underwater Services Contracts (USCs) by Shell Upstream International Europe, worth approximately US$240 million. Under these Life of Field contract extensions for Diving Support Vessel (DSV) and Remotely Operated Vehicle Support Vessel (ROVSV) se
DeepOcean Gets Petrobras Extension
DeepOcean Brasil Servicos has been awarded a one year extension of contract for the provision of flexible repair and IMR services from Petróleo Brasileiro S.A. using the Deep Endeavour. Deep Endeavour is a multi-purpose subsea support construction and cable-lay vessel, with work class ROV, riser rec
VIDEO: Kleven Delivers Viking Neptun
The offshore construction vessel Viking Neptun was delivered from Kleven Verft in Ulsteinvik, Norway, to Norwegian shipowner Eidesvik February 17, 2015. Designed by Salt Ship Design, the 145 meters long and 31 meters wide vessel is the largest in Eidesvik’s fleet, and the largest ever built at Kleve
Olympic Wins Charters
Offshore vessel operator Olympic Ship AS has secured a new contract for its M/V Olympic Taurus. According to Olympic, the charter is with an international customer for doing construction work in Argentina for 4+1 months. The Marin Teknikk MT6015-design Multipurpose Offshore Vessel is on the contract
PHOTO: Lewek Constellation Ready for Noble Energy Gig
Ezra has officially christened and named the Lewek Constellation prior to its departure to the Gulf of Mexico to start work for Noble Energy. The Lewek Constellation, an ice-classed, multi-lay offshore construction vessel with ultra-deepwater pipe laying and heavy lift capabilities is EMAS AMC’s fla
WeSubsea Launches New ROV Dredgers
WeSubsea, a subsea dredging specialist, has released two new versions of its titanium ROV dredger systems. The new WeSubsea Titanium 8“ and 10″ High Capacity ROV Dredgers have been developed to be used on rock dumps consisting of larger rocks, or seabed with natural rocks. The 8” HC dredgers have a