Subsea
Statoil Gets Oseberg Vestflanke Extension
Statoil has received consent from the Petroleum Safety Authority Norway, to use Oseberg Vestflanke beyond its originally planned life. Oseberg Vestflanke is part of the Oseberg field and has been developed using subsea facilities tied back to the Oseberg field centre. The plan for development and op
EMGS to Elect New Board
The Nomination Committee of Electromagnetic Geoservices ASA (EMGS), has put forth a proposal for election of new shareholder elected members to the Board of Directors of the Company. The Nomination Committee proposes that the Board of EMGS shall comprise of the following shareholder elected persons:
Energinet.dk Gets Green Light for Kriegers Flak Link
The Danish Minister for Climate, Energy and Building has issued investment approval for the units to be erected by Energinet.dk in order to connect the forthcoming offshore wind turbines at Kriegers Flak in the Baltic Sea to the onshore electricity grid. The approval allows Energinet.dk to enter int
Bowtech Hosts Delegation from Japan
Bowtech Products, a provider of subsea vision systems, welcomed a delegation from Japan to their Aberdeen Headquarters. The delegation was led by Yoshihiko Ikumura, president of Marimex Japan K.K. and included colleagues from Japan Agency for Marine-Earth Science and Technology (JAMSTEC) and Nippon
Technip’s TOP Estrela do Mar Arrives in Brazil
Technip’s vessel Top Estrela do Mar has arrived in Brazil and has started operations. Characterized by its high pipelay tension capacity of 550 tons, the vessel will be employed mainly to install umbilical and flexible flowlines and risers to connect subsea wells to floating production units. These
FMC Bags $268 Mln Agbami Subsea Order
FMC Technologies has received an order from Star Deep Water Petroleum Limited, a Chevron company, operator of the Agbami field, to provide subsea equipment for operations in the Agbami field, offshore Nigeria. According to FMC, the value of the order is $268 million. The Agbami field is located 70 n
Seamec III on Charter with Leighton India
Seamec Limited informed BSE that its multifunctional diving support vessel Seamec III has started charter contract with Leighton India Contractors Private Limited. The vessel was previously on charter with L&T Sapura Offshore Private Limited, where it worked on a project for ONGC in Mumbai High on t
Subsea 7 Axes Almost 150 Jobs in Norway
The UK-based oil services company Subsea 7 is reported to be letting go almost 150 employees in Norway. Namely, the company said last September that it was planning to cut costs by reducing its headcount, largely due to project delays, but didn’t specify which areas will be cut. According to the lat
Wood Group Announces Pay Cuts
In response to cost and efficiency challenges affecting the UK North Sea oil & gas sector, Wood Group PSN (WGPSN) has today announced plans to reduce the rates paid to its UK-based limited company offshore and onshore contract workers. In addition, salaries will be frozen for the majority of UK-base
Vattenfall Sells Thanet OWF Transmission Infrastructure
Vattenfall, the Swedish energy company, have agreed a £164M deal to transfer ownership of a Kent wind farm’s electricity export cables and substations. The agreement, with international infrastructure group Balfour Beatty, was finalised following a tender process, managed by energy regulator Ofgem,
GE Buys Oceaneering’s Subsea Actuators Product Line
GE has signed an agreement to acquire the Subsea Electric Actuator product line of Oceaneering, a global provider of engineering services and products to the oil and gas industry. The product line goes to market under the Oceaneering Subsea All Electric and Ifokus brand, which specializes in the des
EMGS in Another Barents Sea Data Sale
Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an oil company worth USD 7.1 million for the provision of 3D EM data from EMGS’ multi-client data library in the Barents Sea. “This sale is yet another confirmation of the increased recognition of the importance
Ocean Yield Takes Delivery of DSCV SBM Installer
Ocean Yield ASA has taken delivery of the diving support and offshore construction vessel “SBM Installer”. OS Installer, a joint venture between Ocean Yield ASA (75%) and SBM Offshore (25%) purchased the vessel from SBM Offshore earlier this month for US$150 million in cash. The vessel immediately e
Statoil Submits PDO for Gullfaks Rimfaks
Statoil and its partners have decided to develop the Rutil discovery located in the Gullfaks Rimfaks valley in the North Sea. Providing close to 80 million barrels of oil equivalent, the development will extend the lifetime of the Gullfaks A platform. The plan for development and operation (PDO) was