Keppel Corporation Limited (Keppel Corporation) has today announced the formation of Ocean Mineral Singapore Pte. Ltd. (OMS), which intends to explore for polymetallic nodules several kilometres beneath the ocean’s surface. Polymetallic nodules contain copper, nickel, cobalt and manganese, as well a
CNOOC Limited announced that Weizhou 6-12 oil field has recently commenced production. Weizhou 6-12 oil field is located in Beibu Gulf Basin in the north part of the South China Sea with an average water depth of about 29.2 meters. The project has 10 producing wells and is expected to hit its peak p
Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a new contract worth approximately 85 million euro by REE (Red Eléctrica de España, S.A.U.), the Transmission System Operator of the Spanish electricity system, for the second circuit of the interconnecti
FMC Technologies Schilling Robotics, a manufacturer of work-class ROVs and manipulator arms, has presented a video of HPU Auxiliary Pump Change. The Company has implemented a 60 min maintenance time frame for all major subsystems on an ROV. On average, this results in a 6 to 1 improvement in mainten
Island Offshore, a leading name in global Light Well Intervention (“LWI”) activities, has been awarded a major contract extension with BP Exploration Operating Company Ltd (“BP”), one of the world’s most respected international energy companies. The two-year contract extension, covering 2014 and 201
Halliburton announced today that income from continuing operations for the first quarter of 2013 was $624 million, or $0.67 per diluted share, excluding a $637 million charge, after – tax, or $0.68 per diluted share, to increase a reserve related to the Macondo litigation. Income from continuing ope
BMT ARGOSS (BMT), a subsidiary of BMT Group, has recently completed a comprehensive evaluation of meteorological and oceanographic environmental conditions for the Martin Linge field in the Norwegian sector of the northern North Sea. BMT’s assessment also included the installation routes of associat
Eni was awarded a deepwater exploration block (Block 9) in the Eastern Mediterranean of Egypt within the EGAS 2012 International bid round in Cairo (Egypt). Through its fully owned affiliate, IEOC, Eni will act as Operator of Block 9 with 100% equity. Block 9, also named Shorouk Offshore, which cove
Statoil ASA has employed the services of SPX’s ClydeUnion Pumps as prime contractor in the development of the next generation Advanced Electrical Submersible Pump (AESP). The AESP will be designed to address the offshore oil and gas industry’s increasingly challenging operating conditions. During th
SeaBird Exploration Plc (“SeaBird”) will, in partnership with GeoPartners Ltd (“GeoPartners”), commence a project offshore Namibia. The 2D acquisition program is of approximately 4,700km and will be acquired using the survey vessel Osprey Explorer currently in transit to Walvis Bay. Commencement is
Xtera Communications, Inc., a leading global provider of optical networking solutions, today announced the launch of a next-generation optical repeater for subsea cable systems. This enhances Xtera’s well-established portfolio of solutions for subsea cable systems, putting Xtera in a position to off
Saipem has been awarded new E&C Offshore contracts in Latin America for the total value of approximately $500 million. In Venezuela, Saipem signed with Cardon IV, a 50/50 joint-venture between Eni and Repsol, T&I contracts for the development of the Perla EP Project, in the Gulf of Venezuela. The sc
Abu Dhabi Marine Operating Company (ADMA-OPCO) has become the first oil company in the Middle East to join the Pipeline Defect Assessment Manual (PDAM), a joint industry initiative that shares best practices on the assessment of defects in pipelines. PDAM presents the best currently available method
Alstom Grid has successfully delivered the offshore substation platform for the Trianel wind farm Borkum in the German North Sea, and handed it over to Trianel Windkraftwerk Borkum GmbH & Co. KG. The offshore installation of the substation, manufactured in Bremerhaven, northern Germany, was complete
