Subsea
Keppel Bags New Contracts Worth $ 140 Mln
Keppel Offshore & Marine Ltd’s (Keppel O&M) subsidiaries Keppel Shipyard Ltd (Keppel Shipyard), Keppel Singmarine Pte Ltd (Keppel Singmarine), and Keppel Nantong Shipyard Co. Ltd (Keppel Nantong) have secured contracts worth a total of about S$140 million. Mr Michael Chia, Managing Director (Marine
Pancontinental: Sunbird-1 Well Reaches Final Depth
Pancontinental Oil and Gas NL (“Pancontinental”) announced that the Sunbird-1 well operated by BG Group (“Operator”), using the drillship Deepsea Metro-1, has reached a final depth of 2,850 metres below the drill floor. The water depth is 723 metres. The top of the Sunbird Miocene Pinnacle Reef was
Scana Sells Parts of Its Business to HitecVision
Scana Industrier ASA (“Scana”) has signed an agreement regarding sale of the daughter companies Scana Offshore Services Inc, Scana Offshore Technology AS and the service part of Scana Offshore Vestby AS. All these companies are a part of the business area Scana Offshore. The buyer is HitecVision fon
PETRONAS and Shell Discover Oil Offshore Malaysia
PETRONAS and Shell made an oil discovery offshore Sabah, Malaysia. The discovery was made via the Limbayong-2 well during the appraisal of the Limbayong gas field by Shell. The appraisal well encountered 136 metres of oil bearing sands, and there are plans to conduct more appraisal work on the disco
Fastnet Spuds Foum Assaka Well
Fastnet Oil & Gas’s partner and operator in the Foum Assaka area, offshore Morocco, Kosmos Energy Deepwater Morocco, has confirmed that the FA-1 well, located within the Foum Assaka area on the Eagle Prospect, spudded on March 16 2014. Fastnet holds its interest in the Foum Assaka licence area throu
EMGS Awarded 3D EM Contract in North-West Africa
Electromagnetic Geoservices ASA (EMGS) ) announced that the Company had received a Letter Of Intent (LOI) to award a contract for a minimum of USD 8.3 million for 3D EM data acquisition in North-West Africa. The LOI has resulted in a signed contract with an undisclosed client. The vessel BOA Thalass
Saipem Hired to Build South Stream Offshore Pipeline
South Stream Transport has contracted the Italian company Saipem for the construction of the South Stream Offshore Pipeline. Oleg Aksyutin, CEO of South Stream Transport B.V. and Stefano Bianchi, SVP of Saipem S.p.A signed the contracts in Amsterdam. The South Stream Offshore Pipeline will consist o
South Stream Transport Orders Pipes Worth $ 1.1 Bln
South Stream Transport has ordered over 75,000 pipes for second line of the South Stream Offshore Pipeline, with a total order value of about 800 million euros ($1.1 billion). Marubeni-Itochu & Sumitomo Consortium from Japan will supply 40% of the pipes, OMK Steel from Russia 35%, and Izhora Pipe Mi
Top News of the Week of Mar 10 – Mar 16, 2014
1. Malaysia Airlines’ Missing Flight MH370 Could Be in Gulf of Thailand ? Malaysia Airlines reports that their flight MH370 en route from Kuala Lumpur to Beijing disappeared on Saturday with 239 people abroad. 2. Bibby Remote Intervention Expands Its Vessel and ROV Fleet Bibby Remote Intervention Li
GE Opens O&G Facility in Hungary
GE today formally opened its newly expanded oil and gas facility in Fót, Hungary. The GE Oil & Gas manufacturing plant has been substantially enlarged with the addition of a new 8,000 square meter manufacturing facility and a new office building of 3,000 square meters. The new state-of-the-art manuf
RWE Completes Foundations Installation at Nordsee Ost Offshore Wind Farm
All foundations of the Nordsee Ost offshore wind farm have been successfully installed some 35 kilometers north of the island of Heligoland. A total of 48 jacket foundations were installed for the wind turbines and one for the substation in water up to 25 metres deep. Each of the foundations for the
OPT’s Financials Decrease
Ocean Power Technologies, Inc. today announced financial results for its Fiscal 2014 third quarter and the nine months ended January 31, 2014. OPT recently announced that an amended grant agreement related to its planned wave power station project off the coast of Australia was signed with the Austr
Aibel Starts Working on Modules for Modec TEN Project
The start-up of a new important project was celebrated in Thailand this week. Managing Director Jim Ryan at Aibel Thailand explains that the celebration was held at subcontractor Deeline’s fabrication shop. It started with a traditional worship followed by a Buddhist monk blessing ceremony. The monk
Otto Energy Gets SC55 Stake Approved by DOE
Otto Energy Limited announced that the DOE has approved the reassignment of 60% equity in SC55 from BHP Billiton Petroleum (Philippines) Corporation to Otto, taking Otto’s interest to 93.18%. A separate announcement on revisions to the work commitment timing is expected to be released shortly once c