Subsea
First Subsea Supplies Riser Connectors for Gaza FSO
First Subsea has been awarded a contract by EMAS AMC (Singapore) to supply diverless bend stiffener connectors for risers and umbilicals connected to the turret moored, Gaza Floating Storage and Offloading (FSO) vessel, offshore Libya, in the Mediterranean. In total, four First Subsea Type 2 bend st
KGEP Partners Decide to Terminate Kristin Gas Export Project
The Kristin gas export project (KGEP) partners made a decision to terminate the project due to unsustainable economics caused by increased investment costs and increased risk to volume availability. The Kristin gas export project (KGEP) – a pipeline connection between the Kristin field and Polarled
Aker Solutions Completes Sale of Well-Intervention Services Business to EQT
Aker Solutions completed the sale of its well-intervention services business area to EQT, a Swedish private equity fund. The unit was sold for an enterprise value of NOK 4 billion and the agreement includes an earn-out provision where Aker Solutions will receive 25 percent of any internal rate of re
Lankhorst Provides Mooring Ropes for Western Isles Development FPSO
Leading offshore rope manufacturer, Lankhorst Ropes has been awarded a contract by Aberdeen based Dana Petroleum to provide Gama 98 polyester mooring lines for the Western Isles Development FPSO vessel (Floating Production Storage and Offloading). Given the weather conditions in the North Sea, and r
Steven Saint Amour Joins Tecton Board of Directors
Tecton Corporation (TTNC) (Endurance Exploration Group) announces that Steven Saint Amour has joined its Board of Directors. Company CEO, Micah J. Eldred commented, “We are pleased to have Steven join our team. Steven’s deep water technical experience in our industry will prove a valuable resource f
Dragon Releases Drilling and Production Update in Cheleken Contract Area
Dragon Oil plc, an international oil and gas exploration, development and production company, publishes an update on the wells completed in the Cheleken Contract Area in Turkmenistan in the fourth quarter of 2013 and production numbers for 2013 and December 2013. Since the previous quarterly drillin
Report Shows Sediment Quality in Bellingham Bay Is Declining
The tiny critters living in the mud at the bottom of Bellingham Bay are showing signs of stress, according to a recently released report by the Washington Department of Ecology. A bay-wide survey found that the abundance and diversity of sediment-dwelling (benthic) invertebrates like clams, snails,
CPNL Completes Tests of Spreader Beam Before Going Offshore
CPNL Engineering GmbH successfully completed a series of tests in the presence of customer NSW on January 6th in Nordenham Germany. The tests were conducted to provide sufficient evidence for taking the spreader beam and articulated pipes for cable joint activities offshore. It is the first time tha
Mediterranean Oil & Gas Secures PSC Extension for Malta Area 4
The Board of Mediterranean Oil & Gas Plc announces that agreement has been reached with the Government of Malta for a six month extension to the Production Sharing Contract (“PSC”) covering Area 4 Blocks 4, 5, 6 & 7 (“Area 4”). This extension will enable the Contractors to the PSC to have sufficient
CAMAC and Bumi Armada Ink LoI for FPSO Armada Perdana
CAMAC Energy Inc. (“CAMAC”) announced that a letter of intent (“LOI”) has been signed regarding terms and conditions of a long-term agreement for the floating, production, storage, and offloading system (“FPSO”) ARMADA PERDANA. The signed LOI provides for an initial term of five years beginning Janu
TGS Announces Four New Multi-Client Surveys. Signs LoA for Polarcus Naila
TGS announces four new multi-client surveys; a 3D survey in offshore Northwest Australia, two 2D surveys offshore Madagascar and a 3D survey onshore Alberta, Canada. The Huzzas is a 2,100 km2 3D survey that will cover the Barrow Sub-basin, offshore Northwest Australia. The data is being acquired by
AML Oceanographic Welcomes New Members to Its Sales Team
Due to strong growth, AML Oceanographic is excited to welcome two new members to the company’s sales team. Kevin Wilson joins AML as Sales Manager for the Americas. Kevin holds a B.Sc. in Environmental Geochemistry and brings with him 15 years of sales experience within the Hydrographic industry. Pr
Successful Long Term Drill Stem Test at Diega I-8ST Well (Equatorial Guinea)
The long term drill stem test on the Diega accumulation in Block I, Equatorial Guinea (PA Resources 5.7%) is now complete and the Atwood Hunter rig has been released. An initial pilot well, I-8, encountered 12 m vertical thickness of good quality oil pay with no water and so established the deepest
Wales Directors Form Swansea Bay Tidal Lagoon Advisory Group
A body of senior business owners and directors in Wales have come together to form an independent industry advisory group focussed on realising the commercial benefits of the proposed Swansea Bay Tidal Lagoon. Led by Roger Evans MBE, Managing Director of Schaeffler (UK) as Chair, the Wales Tidal Lag