Subsea
UK Oil and Gas Industry Safety Awards Winners Announced
The winners of the UK Oil and Gas Industry Safety Awards were confirmed on Wednesday 30 April in an awards ceremony held at Aberdeen Exhibition and Conference Centre. The event, sponsored by Maersk Oil UK, recognises and honours the companies and people who embody the spirit of safety and innovation
McDermott Scores Fast-Track Heavy-Lifting Gig in Indonesia
McDermott International, Inc. announced that the Derrick Barge 101 was recently mobilized to Indonesia to perform fast-track heavy-lift work for a client offshore Indonesia. “Response time to fast-track work is just one of the key elements to a successful project outcome,” said Hugh Cuthbertson, Vic
ACE Winches Names New CFO
Leading deck machinery specialist, ACE Winches has appointed Kevin McLardy as the company’s chief financial officer to manage its financial strategy at a time of significant growth. As a member of the Board of Management, Mr McLardy will play a key role in organisational decision-making, whilst hold
Eni Reports Profit Loss on Weak Demand
Eni, the international oil and gas company, announced its group results for the first quarter of 2014. Net profit was $1.80 billion, down 15.6% from the first quarter 2013. In the first quarter of 2014, adjusted operating profit was €3.49 billion, down 6.8% compared to the first quarter of 2013. Thi
CTG Appoints New Business Development Director
Channel Technologies Group (CTG) informed that Angela Richardson has joined CTG as Director of Business Development. Angela’s business development focus will be aligned with piezoceramic components, single-crystal and ceramic assembly opportunities. CTG is a leading manufacturer of piezoelectric mat
Ocean Power Technologies Makes Changes to Board of Directors
Ocean Power Technologies, Inc. announced the election of Eileen M. Competti to the Company’s Board of Directors. In addition, the Company announced the retirement of Dr. George W. Taylor from the Board of Directors. Ms. Competti is currently Vice President, Global Competitiveness for The Babcock & W
Det norske Announces Good Start of 2014
Det norske oljeselskap ASA announces a good first quarter 2014. The development of the Ivar Aasen field is on schedule. Fabrication of the living quarters, steel jacket and platform deck is ongoing. A development concept has been agreed for the Johan Sverdrup field. The development of the Ivar Aasen
Det norske Strikes Oil at Johan Sverdrup Appraisal Well
Det norske oljeselskap ASA is, as partner in production licence 265, in the process of completing drilling of appraisal wells 16/2-19 and 16/2-19A in the Johan Sverdrup oil discovery. The objective of the wells was to examine the extent and properties of the reservoir rocks in the northernmost part
AGR’s RM UK Division Grows Its Sub-Surface Department
AGR’s Reservoir Management UK division (RM UK) is gearing up for a busy year ahead and has grown its sub-surface department with the addition of Steve Adams, Principal Geologist. Steve, who will be based in AGR’s Aberdeen office, has over 30 years’ experience in the oil and gas industry, with a stro
MacArtney Upgrades Two MMT’s FOCUS-2 ROTV Systems
MacArtney has performed a major upgrade of two FOCUS-2 ROTV systems belonging to Swedish marine survey contractor and specialist, MMT. Both vehicles have been fitted with new state-of-the-art equipment to carry out geophysical survey missions for clients within oil, gas and renewable energy industri
FMC Technologies to Get Two Spotlight on New Technology Awards at OTC
FMC Technologies, Inc. informed that it will be recognized at the Offshore Technology Conference (OTC) next week with the presentation of two Spotlight on New Technology Awards. The awards, which honor innovative technologies that significantly impact offshore exploration and production, are in reco
Forland Sells Seisranger Vessel to Otto Marine
Seisranger AS, a company in the Forland Shipping Group (Forland), has concluded the sale of the vessel Seisranger to Otto Marine Limited 30 April 2014. The sale will trigger a NOK 75 million redemption of the NOK 525 million Senior Secured Bond that E Forland AS has outstanding. The MV Seisranger wa
First Piece of Cygnus’ Major Infrastructure Sails Away
The latest milestone in the Cygnus gas field project took place on April 28th as the first piece of major infrastructure sailed out from Isleburn’s facilities at Nigg Energy Park. The beginning of the subsea isolation valve (SSIV) and WYE structures’ journey to the Cygnus site in the Southern North
Saipem Wins $553 Mln South Stream Offshore Pipeline Gig
Saipem has been contracted by South Stream Transport B.V. to provide supporting works relating to the construction of the second line of the South Stream Offshore Pipeline for a total value of approximately $553 million. The entire offshore South Stream project consists of four parallel gas pipeline