UK Engineering firm FES International says the government’s plans to stimulate investment in the oil and gas industry are already paying dividends. The subsea specialist supplies components for the offshore industry and the major part of its business is supplying global export markets. Its products
TAQA, the international energy company from Abu Dhabi, reported its operational and financial results for the first half of 2013. The first half of 2013 was characterised by good progress against TAQA’s long term growth projects, while a number of short-term operational issues impacted profitability
Oceanflow Energy’s Evopod is a tidal turbine with a difference. A semi-submersible turbine design, it has shown excellent seakeeping performance in tests, and it incorporates Siemens gear and inverter units. As a floating, tethered device, it ihas lower deployment costs than seabed mounted devices,
Dana Petroleum has replaced all nine mooring chains on its oil production vessel Triton – under budget and ahead of schedule. The project was commissioned to maintain the safety of Dana’s offshore teams and the integrity of the floating, production, storage and offloading vessel (FPSO). The replacem
Saipem announces a new appointment in the Board of Directors. Professor Piergaetano Marchetti has been appointed Deputy Chairman of the Board; he has been appointed by co-optation to the office of non-executive independent Director. Professor Marchetti is one of Italy’s foremost authorities on Corpo
The Bureau of Safety and Environmental Enforcement (BSEE), U.S. Coast Guard, and Walter Oil & Gas Corporation (Walter), through the Unified Command, continue to oversee and coordinate response efforts to secure the South Timbalier 220 natural gas Well A-3. Safety of personnel and protection of the e
Helix Energy Solutions Group, Inc. announced that it is proceeding with the construction of a second newbuild semisubmersible well intervention vessel, to be named the Q7000. Owen Kratz, Helix’s President and CEO, stated, “Based on strong market demand and our proven success for delivering specializ
Ithaca Energy Inc. announces that the appraisal well (7225/3-2) test programme on the Norvarg discovery located in licence PL535 in the Norwegian sector of the Barents Sea has been completed. The appraisal well was drilled approximately 275 km north of the Hammerfest LNG plant on Melkøya, in a water
With the Subsea Industry set to double its annual size from $30bn to $60bn in the next 5 years, the industry requires a robust & systematic subsea integrity management strategy. Developments within the subsea arena are moving rapidly: the SURF market will double to $30-$40bn, annually in the next 5
Subsea technology specialist, Ecosse Subsea Systems (ESS) has moved to larger premises as it prepares for significant business growth. ESS was established in 1996 and has a number of innovative patented technologies, including the SCAR plough and trenching system, which is in demand for specialist p
Cornwall is synonymous with tin mining, having built its fortunes in previous centuries extracting and producing the metal for export around the world. Sadly in recent years the industry has all but disappeared with only shore based mining taking place in one or two sites.. The resultant impact on t
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, announces that following the end of the Company’s financial year on 30 June 2013, the Board anticipates that the full year results, which
Albany’s 40-megawatt tidal power station received Government approval to become Western Australia’s first tidal power station. Albany has been identified as Australia’s best location for a wave energy plant development. The Albany Chamber of Commerce and Industry’s Russ Clark was quoted as saying: “
Mermaid Maritime Public Company Limited announces that Subtech Qatar Diving & Marine Services LLC has recently been awarded several subsea contracts with a combined estimated value of USD 40 million with most of these contracts scheduled to be completed this calendar year. The scope of services in t
