Subsea
Agility Delivers Hydro Carbon Vent System to Island Frontier
Agility Group has been awarded an EPCIC contract with Island Offshore for delivery of a Hydro Carbon Vent System to Island Frontier. Island Frontier is a riserless well intervention vessel that provides access to the subsea well through a Well Control Package. As a preparation for the well intervent
Tendering for Fehmarn’s Tunnel Installations Begins
The tendering process for the construction of the world’s longest tunnel across the Fehmarnbelt has now entered its next phase. The dialogue with the major tunnel contractors on the conditions for building the concrete tunnel itself began last year. Tendering for the tunnel’s extensive electrical an
Shah Deniz Phase 2 and SCPX Projects Move Ahead
The South Caucasus Pipeline Company (SCPC) and the Shah Deniz consortium announce the award of the pipeline construction contract for the South Caucasus Pipeline Expansion (SCPX) project. This award adds to the 14 contracts already announced and underlines the overall progress to schedule of Shah De
Fewer Wells Drilled Despite Higher Expenditure, APPEA Analysis Show
The urgent need to address the global cost competitiveness of Australia’s oil and gas industry has been highlighted by a new analysis that shows fewer exploration wells are being drilled offshore despite significantly higher expenditure. An analysis of recent data released by the Australian Bureau o
Douglas-Westwood Forecasts Strong Growth for Global Subsea Hardware Market
Douglas-Westwood (DW) forecasts global subsea hardware Capex will total $117 billion (bn) between 2014 and 2018 in its 4th edition of the World Subsea Hardware Market Forecast. This represents growth of more than 80% compared with the preceding five-year period. In 2013, subsea tree installations we
Vallourec’s Pipes and Welding Services for Tullow’s TEN Off Ghana
Vallourec, world leader of premium tubular solutions, has announced that it has been selected to supply premium line pipes and welding services for the TEN ultra-deepwater oil and gas project, operated by Tullow Oil plc in Ghana, and executed by a consortium of Subsea 7 and Technip. Global pipe solu
Costa Concordia Sponson Installation Progresses
The installation of sponson S7 at the Costa Concordia wreck site has been completed. According to The Parbuckling Project, the Barge Micourier2 with sponsons S6 and S5 on board arrived at the site and the installation of S6 started yesterday. As previously reported the installation of the starboard
Bumi Armada’s Net Profit Remains Strong
Bumi Armada Berhad, the Malaysia-based international offshore oilfield services provider, has announced revenue and net profit of RM468.9 million and RM64.8 million respectively for the first quarter ended 31 March 2014. Bumi Armada recorded EBITDA of RM223 million for the quarter which represented
MMT Carries Out Side Scan Sonar Survey for Nord Stream
MMT (Sweden) has been awarded a contract for side scan sonar survey and a camera based study of benthic fauna by Nord Stream AG. The scope of Nord Stream´s monitoring campaign is to assess the impact of the presence of the pipelines on the near seabed currents through the observation of potential lo
Scana Completes Sale of Daughter Companies to HitecVision
Scana Industrier ASA (“Scana”) has completed the transaction regarding the sale of its daughter companies Scana Offshore Services Inc, Scana Offshore Technology AS and the service part of Scana Offshore Vestby AS. HitecVision fond VI acquired the companies for $22.5 million. Scana Offshore Services
Rosneft and ONGC Videsh Sign MoU
Igor Sechin, President and Chairman of the Management Board, Rosneft and Dinesh Kumar Sarraf, Chairman of the Board of Directors, ONGC Videsh Ltd and Chairman & Managing Director, ONGC signed a Memorandum of Understanding at the St. Petersburg International Economic Forum, in the presence of Vladimi
MCG Offers Barents and Norwegian Sea MC2D Data
MCG has announced that the company would like to draw particular attention to the newly added blocks in the western part of the Barents Sea APA2014 area. Brand new MC2D data covering this area was acquired and broadband processed in 2013 (MCG1301). This modern dataset in a 4 km x 4 km grid provides
Chet Morrison Appoints New Management Team for Marine Construction
Jerome Shaw has been named Vice President of Marine Construction for Chet Morrison Contractors, LLC. Shaw’s extensive background in the industry includes more than 20 years of experience, specifically in the oilfield marine service lines where he built operational expertise in pipeline and diving op
DEME Maintains High Level of Orders
Since the beginning of 2014, DEME managed to maintain its order book at a fairly high level of about 3.0 billion EUR thanks to new orders, well spread worldwide across dredging, energy related and environmental activities. The total value of these new orders represents approximately 660 million EUR.