Subsea
Scour Prevention Systems Secures SCORE Funding
Grant programme, Supply Chain innovation for Offshore Renewable Energy (SCORE), announces the first SMEs to receive funding to drive forward their innovative products and processes which benefit the offshore renewable energy supply chain. Lowestoft-based company, Scour Prevention Systems, which offe
Allseas to Lay Second Line of South Stream Offshore Pipeline
South Stream Transport has signed a contract with the Allseas Group to lay the second line of the South Stream Offshore Pipeline. In addition, the Company has signed a contract with Saipem for the provision of complementary works for Line 2. The South Stream Offshore Pipeline will consist of four pa
Dolphin Secures 3D Seismic Contract for Polar Marquis
Dolphin has been awarded a further 3D seismic contract for the Polar Marquis to acquire approximately 3.000 sq. km. in the Black Sea with immediate mobilisation when the vessel is taken on Time Charter, in the middle of May 2014. Atle Jacobsen, CEO commented: “Dolphin is on track delivering the seco
Royal Dutch Shell Q1 Profit Drops, Dividend Increases
Royal Dutch Shell plc released its first quarter results and first quarter interim dividend announcement for 2014. Upstream underlined earnings were $5.7 billion. Compared with the first quarter 2013, Upstream earnings excluding identified items were supported by stronger Integrated Gas results as w
Shah Deniz Stage 2 Offshore Installation Contract Awarded
The Shah Deniz consortium announces a major offshore transport and installation contract award for the Stage 2 development of the Shah Deniz field to the BOS Shelf LLC, Saipem Contracting Netherlands B.V. and Star Gulf FZCO consortium. The award of this $1.8 billion contract, part of the Shah Deniz
Faroe Acquires Operated Interests in Ketch and Schooner Fields
Faroe Petroleum, the independent oil and gas company, announces the conditional acquisition of a 60% operated interest in the Ketch Field and a 53.1% operated interest in the Schooner Field in the UK Southern North Sea gas basin from Tullow Oil SK Limited, a subsidiary of Tullow Oil plc, for an init
Interest in Fehmarnbelt Underwater Tunnel Project Rises
Interest in tendering for the many projects that comprise the new fixed link across the Fehmarnbelt is significant. On Monday, Femern A/S, the client on the tunnel project, received seven applications for per-qualification for the establishment of a new substation. This is a highly positive sign, sa
Subsea 7 Makes $137 Mln in First Quarter 2014
Subsea 7 S.A. announced results for the first quarter which ended on March 31, 2014. Net income for this quarter was $137 million, compared to $132 million year-over-year. Revenue for the quarter was $1.7 billion, an increase of $201 million compared with Q1 2013. The increase primarily reflected hi
ConocoPhillips Extends Contract for Island Commander
Island Offshore announces that Island Commander has been awarded a contract extension from ConocoPhillips for a period of one year. This means that the vessel will be on a firm contract until June 2015, with further options until 2018. Island Commander was delivered from Vard Brevik in 2009 and went
EMGS, ANCAP Enter Partership Agreement
Electromagnetic Geoservices ASA (EMGS) has entered into a partnership agreement with La Administración Nacional de Combustibles, Alcohol y Portland (“ANCAP”). ANCAP is the regulating authority for oil and gas exploration in Uruguay. It is ANCAP’s intention that the licensing of EM data will count as
Minor Oil Discovery for Statoil in North Sea
Statoil Petroleum AS, operator of production licence 090, is in the process of concluding drilling of wildcat well 35/11-17. The well was drilled about one kilometre south of the Fram field in the North Sea. The well’s primary exploration target was to prove petroleum in Middle Jurassic reservoir ro
The SAFE-BAND Group to Begin SAFE-BAND Geohazard Survey
NCS Subsea, GeoTrace and SpecPartners have announced the start date for a multiphase large scale innovative project called SAFE-BAND. It will be the first Multi-Client geohazard survey on a regional scale utilizing Ultra-High-Resolution 3D Seismic (UHR3D). The combination of the P-Cable Technology a
MacGregor to Supply Subsea Cranes to Coastal Contracts, Malaysia
MacGregor, part of Cargotec, has signed contracts for four subsea cranes with subsidiaries of a Malaysian shipbuilding, shiprepair and chartering group, Coastal Contracts Bhd. MacGregor 100-tonne SWL active heave-compensated (AHC) subsea cranes will be installed on four subsea support vessels (SSV)
Subsea Reinforces Aker Solutions Strong Market Position
Aker Solutions’ revenue rose to NOK 11.2 billion in the first quarter of 2014 from NOK 10.3 billion a year earlier, driven by sales of subsea products and services, single drilling equipment and umbilical systems in the U.S. and Norway. Revenue also increased in the process systems unit, bolstered b