Subsea
Statoil Sells 10 Pct of Its Interest in Shah Deniz for $1.45 Bln
On 1 May 2014 Statoil completed the farm down of 10% of its interest of 25.5% in the Shah Deniz Production Sharing Agreement and the South Caucasus Pipeline Company Limited to BP (3.33%) and SOCAR (6.67%). The consideration for the sale and transfer of these assets is USD 1.45 billion. The divestmen
NOAA Delivers HF Radar for Safer Navigation
A new NOAA National Ocean Service website will provide mariners near real-time coastal ocean surface current observations and tidal current predictions in coastal waters using high frequency (HF) radar, making marine navigation safer for mariners and commercial shippers. The web-based observations a
SBM Offshore Honoured with OTC “Spotlight on New Technology” Award
SBM Offshore announces that it has been honoured with the prestigious Spotlight on new Technology award at the 2014 OTC conference in Houston. As a leading pioneer in floating production and mooring systems, SBM Offshore continually pushes the limits of technology to deliver higher performing, more
EnerMech to Provide PPU Services for Technip (Norway)
EnerMech will provide Technip in Norway with equipment and personnel on two offshore campaigns for Leak Testing of the Gullfaks Future Oil Export Loading system in the Norwegian North Sea. The contract award follows the appointment of the EnerMech’s PPU (Process, Pipeline & Umbilicals) general manag
SeaBird’s Revenues Decrease Due to Lower Vessel Utilization
SeaBird Exploration Plc (“SeaBird) reports a net loss of $0.6 million for Q1 2014 (profit of $1.8 million in the same period in 2013). Revenues were $33.7 million in Q1 2014 ($50.0 million). The decreased revenues are primarily due to lower vessel utilization and increased multi-client activity duri
DSM Dyneema Improves DM20 with Dyneema Max Technology
The world’s most creep-resistant ultra-high molecular weight polyethylene fiber is even better than previously thought. Producer DSM Dyneema unveiled DM20, based on its new Dyneema® Max Technology, at the OTC Offshore Technology Conference in 2012, for use in mooring ropes for offshore production pl
260 People Dead, 42 Still Missing in South Korean Ferry Accident
The South Korean ferry accident took the lives of 260 people, the latest reports show. No survivors have been found since the ferry sank on April 16, and the divers are still searching for the missing 42 people, CNN reports. The ferry was en route from Incehon to the island of Jeju when it sank [&he
CAMAC Energy to Spud Oyo Field in May (Nigeria)
CAMAC Energy Inc. announced that the Energy Searcher drillship, owned by Northern Offshore Ltd., has arrived in Nigeria. After taking on personnel, equipment and supplies, the rig will move to the Oyo Field, where it is expected to commence drilling operations on the Oyo-8 well in mid-May. The rig,
Renewable Energy Projects Improve Marine Organisms Living Conditions
A recent marine study has shown how renewable energy projects, such as wind farms, improve the living conditions of certain sea organisms. The study, focused mainly on smaller organisms of Scottish and Irish marine life, tried to show what kind of impact the development of wave and tidal industry ca
DNV GL’s Carl Arne Carlsen Recognized with OTC’s Achievement Award
DNV GL’s Dr. Carl Arne Carlsen was recognized with a Distinguished Individual Achievement Award at the Annual OTC Dinner on Sunday, May 4. The award is in recognition of his “outstanding, significant and unique achievements, and extensive contributions” to the offshore industry. Carl Arne Carlsen’s
IKM Provides Mooring Services for RWE Dea Norge
IKM Mooring Services entered into a contract with RWE Dea Norge AS for mooring services for mobile drilling units used by RWE Dea Norge AS on the Norwegian Continental Shelf. The scope of work under the contract include: mooring analysis, rig move/mooring procedures, mooring equipment rental, assist
Ceona Delivers Polar Onyx and Normand Pacific Vessels
Ceona has completed final outfitting of the Polar Onyx and the Normand Pacific to begin Clients’ Projects in Brazil and the Gulf of Mexico respectively. The successful delivery of the two flexlay and subsea construction vessels marks the conclusion of the first phase of Ceona’s fleet development pro
InterMoor Ensures Local Engagement in Nigerian O&G Market
InterMoor, an Acteon company, is finalising a joint venture agreement with Century Energy Services Ltd (Century) in Nigeria. This will be a locally registered company and fully compliant with the Nigerian Oil and Gas Industry Content Development Bill, 2010. For InterMoor, securing a joint venture wi
Cobalt Strikes Oil Offshore Angola
Cobalt International Energy, Inc., an independent exploration and production company, announced its operational update in West Africa and Gulf of Mexico, and released financial results for Q1 2014. The Angolan National Concessionaire Sonangol, Cobalt and the Block 20 partners – Sonangol P&P and BP a