Subsea
Ithaca Energy Satisfied with First Quarter Financial Results
Ithaca Energy Inc. published its financial results for the three months ended March 31 2014. Financial Results – Cashflow from operations of $43.7 million (Q1 2013: $34.8 million), resulting in cashflow per share of $0.13 (Q1 2013: $0.13); – Profit after tax increased by approximately 370% in Q1 201
‘Polarcus Nadia’ Wraps Up 3D Seismic Survey in Aje Field (Nigeria)
Panoro has announced the completion of a 3D seismic survey over OML 113 license in Nigeria. The Polarcus vessel MV Polarcus Nadia started data acquisition on March 24, 2014 and completed shooting on May 9, 2014. The survey was acquired in conjunction with the neighbouring OPL 310 with Afren and cove
Kongsberg’s ICSS and Power Package for Gina Krog FSO
Kongsberg Maritime Engineering (KME) has signed a contract with Gina Krog LLC, a subsidiary of Teekay Shipping AS, for supply of an Integrated Control and Safety System (ICSS) and Power package to the Gina Krog FSO (Floating Storage and Offloading) unit, to be delivered to the Statoil operated Gina
SubCom Starts Upgrading SJC Submarine Cable System
TE SubCom, a TE Connectivity Ltd. company and an industry pioneer in undersea communications technology, and the SJC Consortium have announced that SubCom, the supplier that will perform the upgrade for SJC, has begun implementation of a network upgrade to the Southeast Asia-Japan Cable submarine ca
Technip to Extend Alvheim Subsea Infrastructure
Technip was awarded by Marathon Oil Norge a contract for the extension of subsea infrastructure on the Alvheim field, located on the Norwegian Continental Shelf. The scope of work includes installation engineering, procurement, fabrication, installation and tie-in of spools and protection covers as
Atlantic Petroleum Re-Enters Brugdan II Well
Atlantic Petroleum announces that operations regarding the re-entry of the 6104/21-2 Brugdan II exploration well on Faroes Licence 006 have commenced. The Brugdan II 6104/21-2 well was drilled in 2012 and suspended in late November that year as the weather was closing in. The well is being re-entere
IKM Gets Johan Sverdrup Infield Pipeline FEED Contract
Statoil has awarded the Johan Sverdrup Infield Pipelines FEED contract to IKM Ocean Design. Concept selection for Johan Sverdrup was made in February 2014. The field is located south of Grane, north-east of Sleipner and about 140 km west of Stavanger. Water depth in the area is 110-120 meters. Produ
Hydro14 Takes Place at Aberdeen Exhibition and Conference Centre
Aberdeen Exhibition and Conference Centre (AECC) announces that the International Federation of Hydrographic Societies Annual International Conference, Hydro14, will be held in Aberdeen in October this year. Hydro14 will take place on 28th-30th October 2014 at AECC in Aberdeen and is expected to att
Statoil Divests Its Interest in Block 15/06 Offshore Angola
Statoil is divesting its 5% participating interest in the ENI-operated block 15/06 offshore Angola to the concessionaire Sonangol E.P. The transaction, subject to customary closing conditions, includes a consideration of $200 million and an effective date of 1 January 2013. “This transaction is part
Qatar Petroleum Invests in Bul Hanine Re-Development
Qatar Petroleum (QP) has announced plans to invest over 40 billion Qatari Riyals in the re-development of the existing Bul Hanine offshore oil field located about 120 kilometers to the east of the Qatari coastline. The project, which is currently at the pre-FEED stage, is one of the largest to be ma
Trelleborg Establishes New Purpose Built U.S. Facility
Trelleborg’s marine systems operation announces plans to further enhance its manufacturing capabilities with the opening of a brand new, purpose built facility in Berryville, Virginia, U.S. As part of ongoing investment in its U.S. operations, Trelleborg Marine Systems will relocate all of its exist
Petronas Approves Layang Field Development for JX Nippon (Malaysia)
JX Nippon Oil & Gas Exploration Corporation has announced that its subsidiary, JX Nippon Oil & Gas Exploration (Malaysia) Limited, the Operator of Block SK10 offshore Malaysia with a participating interest of 75%, has recently received the approval of the Field Development Plan for Layang Field in B
Eni Appoints New CEO and Members of Board Committees
Eni’s Board of Directors appointed Claudio Descalzi as Chief Executive Officer and General Manager. In this role he will be responsible for the management of the company, with the exception of specific responsibilities that are reserved for the Board of Directors and those that are not to be delegat
Six People Rescued After Their Vessel Sank (Florida)
Six people were pulled from the water after their vessel sank five miles southwest of Clearwater Pass, Florida, Saturday, May 10, 2014. Watchstanders at Coast Guard Sector St. Petersburg received notification at 11:40 a.m. Saturday from a good Samaritan concerning six divers aboard a sinking 24-foot