Subsea 7 S.A. announced today the award of a five year contract by Petrobras for the provision of a dedicated deepwater flexible pipelay vessel for operations offshore Brazil commencing H2 2014. The estimated contract value is approximately $500 million. As a result of this award, Subsea 7 will cons
Technip was awarded by Lundin Petroleum a lump sum contract, worth approximately €100 million, for the Brynhild field development. This field, previously known as Nemo, is located in the Norwegian North Sea a few kilometers East of the boundary to UK waters at a water depth of around 80 meters. This
Chevron Brazil Petroleo Ltd. is responding to oil seeps and a subsequent sheen that has occurred in the vicinity of the Chevron operated Frade project located 370 kilometers (230 miles) offshore north east of Rio De Janeiro, Brazil in water depths of approximately 1200 meters (3800 feet). Based on a
Reef Subsea AS announced that they have acquired from Rotech Group 100% of their Rotech Subsea group of companies headquartered in Aberdeen, Scotland. With this friendly and strategic acquisition, Reef Subsea creates a world leader in Seabed Dredging and Mass Flow Excavation services with offices in
The 1,000-megawatt (MW) subsea power cable linking the British and Dutch markets will undergo planned maintenance work for… (Reuters) [mappress] Source: Reuters, November 11, 2011; Image: BritNed
The European Commission has authorised Swedish plans to grant SEK139 million (ca. € 15 million) towards the development of a wave energy production demonstration plant by Seabased Industry AB. The production of energy from sea waves has been in development for some years, but has still not reached t
Nautilus Minerals Inc continued to make steady progress in the development of its pioneering seafloor copper/gold project in the September quarter of 2011, and remains on track to commence production in the final quarter of 2013. The company completed the quarter with a cash balance of US$155.1 mill
National Grid and RTE are jointly developing an Electrical Interconnector (HVDC) between Great Britain and France. This notice concerns a subsea survey under supervision of a marine consultant. The main activities expected to be included (non exhaustive) will be a marine geophysical, geotechnical an
It may be just a matter of time before a new Canary Island emerges from the sea off the coast of El Hierro. By Mark Johanson (ibtimes) [mappress] Source: Ibtimes, November 11, 2011; Image: Earth-Issues
China’s State Oceanic Administration (SOA) said on Friday that an oil leak by a subsidiary of Houston-based ConocoPhillips in China’s … (Reuters) [mappress] Source: Reuters, November 11, 2011; Image: ConocoPhillips
Aker Solutions has signed a contract with Lundin for the engineering, procurement and construction of a subsea production system for the Brynhild project on the Norwegian continental shelf. The contract value is approximately NOK 700 million. The scope of work includes one template-manifold structur
Lundin Petroleum AB through its wholly owned subsidiary Lundin Norway AS announces the approval from the Norwegian Ministry of Petroleum and Energy of the Plan for Development and Operation (PDO) for the Brynhild field in PL148, located in the Norwegian North Sea. First production from the Brynhild
For two major North European utilities ( Fingrid Oyj and Svenska Kraftnät ) LIOS Technology provided its most advanced multimode Distributed Temperature Sensing (DTS) systems to monitor the HVDC subsea link between the two utility grids. The electricity transmission connection is crossing the Gulf o
The Government of the Commonwealth of Dominica, through the Ministry of Public Works Energy and Ports – Geothermal Project Management Unit, intends to procure the services of a firm to conduct a feasibility study regarding the submarine interconnection of Dominica with Martinique and Guadeloupe, and
