Subsea
Douglas-Westwood: Floating Production Deployments Set for Major Increase
Douglas-Westwood’s new World Floating Production Market Report forecasts that between 2014 and 2018 $99 billion (bn) will be spent on floating production systems (FPS) – an increase of 138% over the preceding five-year period. Report author, Damilola Odufuwa, commented, “FPSOs will form the largest
Tendeka to Present Importance of Completion Technology Development at SPE Aberdeen
Advanced completion technology covers a powerful range of equipment and techniques in the oil and gas industry and is set to be the focus at Society of Petroleum Engineers (SPE) Aberdeen Section evening meeting later this month. Annabel Green, product line director at Tendeka, the provider of comple
Wood Group PSN Names New Australia & Asia Pacific Managing Director
Wood Group PSN (WGPSN) has appointed a new regional managing director to lead its Australia & Asia Pacific business. Andrew Stewart (36), previously the company’s southern operations business manager in Australia, takes the reins as part of a planned handover from Matt Gavin, who has served as the c
Slow-Down in Seismic Demand Responsible for Dolphin’s Disappointing Q4 Results
Dolphin Group released fourth quarter and preliminary full year 2013 results. Dolphin Group reported poor results in Q4 2013. Compared to Q4 2012 revenues of USD 75.5 million, Q4 2013 revenues are down to USD 38.8 million. Recorded EBITDA was USD 3.4 million, compared to USD 26.5 million in Q4 2012.
Blueprint Marine and PADI Launch New DIVE Superyacht SCUBA Solution
Blueprint Marine officially launched DIVE Superyacht, the new SCUBA solution for the superyacht industry. In collaboration with PADI, the world-renowned diving organization, Blueprint Marine have created Dive Superyacht, specifically designed to assist superyachts with PADI recognition and training.
Bibby Offshore Completes Call Out Contract with PTTEP in Thailand
Bibby Offshore Singapore (BOS) has successfully completed a call out contract with PTT Exploration & Production Co Ltd (PTTEP). The project involved a short notice mobilisation, and saw the BOS-operated DP2 ROV Support Vessel, the Bibby Spring perform subsea inspection services to PTTEP’s Bongkot Fi
Subsea Hardware Expenditure to Double During 2013-2017
Douglas-Westwood forecast spend during 2013-2017 to double to $124 billion compared to the preceding five-year period. Deepwater activity is booming in the ‘Golden Triangle’; Brazil, West Africa and the Gulf of Mexico, which is forecast to account for 44% of total subsea hardware expenditure. The do
Ichthys FPSO Keel Laying at DSME Shipyard in South Korea
The INPEX-operated Ichthys LNG Project has celebrated a key milestone for its Floating Production, Storage and Offloading (FPSO) facility. The first block of the keel was placed during a ceremony in the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea, where the FPSO is
Production Resumes at Bualuang Field in Gulf of Thailand
Salamander Energy repaired the damaged risers at the Bualuang field and production has resumed. Production from the Bualuang oil field had been temporarily shut in due to damage inflicted on the risers during bad weather in January. The Company also informed that it has reached an agreement for a ne
Record Fourth Quarter and Annual Earnings for Oceaneering
Oceaneering International, Inc. reported record fourth quarter and annual earnings for the periods ended December 31, 2013. For the fourth quarter of 2013, Oceaneering earned net income of $93.4 million, or $0.86 per share, on revenue of $894.8 million. During the corresponding period in 2012, net i
BGP Challenger Ends 2D Survey (Madagascar)
BGP Seismic Vessel SRV Challenger has just completed a 2D seismic survey for a major international oil company offshore Madagascar on early February 2014 with acquisition of approximately 2,700 km. Within two years, BGP Challenger has shoot more than 21,986 km of 2D seismic survey offshore Madagasca
Dr. Daniel Zitterbart Receives ‘The Briese Sponsorship Award’
The Briese Award for Marine Research will take place at the Leibniz Institute for Baltic Sea Research, Warnemünde, next Wednesday 19th February, 2014. The awarded PHD thesis is titled “Locomotion in biological systems”. There have been altogether 13 scientists applying for the award, among them seve
Another Year of Good Growth for Wood Group
Wood Group, an international energy services company, comprised of Wood Group Engineering, Wood Group PSN and Wood Group GTS, reports good growth with EBITA up 16%. Wood Group announced financial growth and progress in all sectors. Total Revenue of USD 7.064,2 million is up 3%, compared to 2012. Tot
Bowtech Products Releases 6th Generation of Tooling Cameras
Bowtech Products Ltd, a global market leader in subsea vision systems, releases the 6th generation of their colour and monochrome tooling cameras with 720 TV lines with improved light sensitivity. As part of Bowtech’s continual product improvement strategy, the monochrome LCC-700 has been superseded