Endeavour International Corporation announces that its wholly owned subsidiary, Endeavour Energy U.K. Ltd., has received all the approvals necessary to finalize the acquisition of an additional 20% working interest in the Bacchus field in the North Sea from Shell U.K. Limited. As a result of the tra
The world market for subsea hardware is set for strong growth over the forecast period to 2015, increasing by 23% compared to 2006-2010. Douglas-Westwood projections for global Capex for the period total $139 billion. Fields are being developed in deeper waters, from increasingly-remote locations an
The Havyard 858 DSV, Seven Havila, that has been under construction at Havyard is today delivered from the yard to a subsidiary of Havila Shipping and then sold to the joint venture company Acergy Havila Limited which is 50% owned by a subsidiary of Havila Shipping and 50% by a subsidiary of Subsea
Subsea 7 S.A. (formerly Acergy S.A.) announced results for the fourth quarter and fiscal year 2010. The combination between Acergy S.A. and Subsea 7 Inc. completed on January 7, 2011. Upon completion, Acergy S.A. was renamed Subsea 7 S.A. Jean Cahuzac, Chief Executive Officer, said: “Both Acergy and
Subsea engineering specialist Tekmar is on a rapid growth curve with revenues trebling to £15m following the successful launch… (nebusiness) [mappress] Source: nebusiness ,February 23, 2011;
Technocean AS, a subsidiary of Reef Subsea AS, which has been recently awarded a multi-year frame agreement contract, has secured a three-year firm charter with two yearly options of one of the new-built subsea construction vessels (IMR/CSV) from GC Rieber Shipping. Polar King will be delivered to T
A new networking website was launched last week by the Professional Institute of Pipeline Engineers… (pipelinesinternational) [mappress] Source: pipelinesinternational ,February 23, 2011;
FMC Technologies, Inc. announced today that its subsidiary, FMC Kongsberg Subsea AS, has signed an agreement with ConocoPhillips Scandinavia AS for the manufacture and supply of subsea equipment and services for a water injection development in the Ekofisk field. The award has a base value of approx
Technip was awarded by Statoil a contract, worth approximately €90 million, for the Gygrid field development located in the Norwegian Sea at a water depth of 265 – 330 meters. This contract covers: * engineering, procurement, welding and installation of flowlines*, including a 19.5 kilometer pipe-in
DEO is pleased to announce the appointment of Michael Cooper as Vice President, Exploration & Subsurface. Mr Cooper has extensive North Sea experience with EnQuest PLC, ORYX Energy Company, Inc, Kerr McGee Corporation and BP Amoco and has also worked at the Department of Energy and Climate Change (“
Kongsberg Mesotech Ltd. announces the introduction of the M3 MultiMode Multibeam Sonar™. The M3 Sonar™ is characterized by truly innovative design, versatility, and ease of use in a light, compact design. The first two models of the M3 series are intended for the underwater vehicle market, in partic
The Nord Stream Pipeline construction is fully on track. Over 1,000 kilometres of Line 1 and 70 kilometres of Line 2 have already been laid in the Baltic Sea. The project has all the necessary permits, and all pipes and construction capacities have been procured. “Gas deliveries will start in Line 1
Aberdeenshire firm ThinJack has announced a key addition to its Westhill-based engineering team. Richard Mearns from Aberdeen has been appointed to the role of mechanical technician based at the company’s headquarters at Arnhall Business Park, Westhill. He brings to the job skills in hydraulic syste
From 24 January to 11 February, in the Ionian Sea to the southeast of Sicily, three gliders participated for the first time in an anti-submarine warfare (ASW) exercise. During Proud Manta 11, NURC–a NATO Research Centre in La Spezia–successfully used the gliders to collect in situ, three-dimensional
