Subsea
PGS Narrows Loss
Norwegian seismic player, Petroleum Geo-Services (PGS), reported a net loss for the fourth quarter of 2016 of $156.1 million versus $334.6 million in the prior year. The company’s net loss before tax for Q4 2016 was $118.7 million, compared to $357.1 million in the fourth quarter of 2015. PGS also r
Kraken on Track for First Oil in Q2 as FPSO Arrives to Field
Kraken floating production storage and offloading (FPSO) vessel has arrived at its field location in the UK North Sea on Monday, February 13. The hook up of the submerged turret production (STP) buoy mooring system to the FPSO was completed on February 15, and a full rotation test performed so that
Oil Flows from Ithaca’s Stella Field
Ithaca Energy informed that the production from the Stella field in the UK North Sea has started. The oil export to the adjacent shuttle tanker has also began following the start-up of production. The production ramp-up phase will begin when the on-going commissioning of the gas processing and compr
MDT International Launches Decommissioning Training Courses
MDT International, a global training provider to the oil and gas industry, has entered into a strategic partnership to help energy businesses plan for decommissioning. The company will work with two decommissioning consultancies, Strategic Decom and Well Decom, to prepare companies for the safe, eff
Siem Helix 2 Arrives at Huisman Facility for Outfitting
Huisman Equipment has welcomed Siem Helix 2 vessel to its Schiedam facility in the Netherlands. The second well intervention vessel built for Siem Offshore will be outfitted with a Huisman well intervention tower during its stay at Schiedam, Huisman informed through social media. Siem Helix 2 is a s
Ocean Yield Secures New Charter for Lewek Connector
Ocean Yield has entered into a short-term charter contract with a company related to Ezra for the Lewek Connector vessel. The new charter contract will have a duration of four months at a rate of USD 40,000 per day, Ocean Yield informed. Lewek Connector is capable of operating down to to 3,000 meter
Wood Group Nets BP Contract
Wood Group has secured a global agreement with BP for the provision of conceptual engineering services, pre-front end engineering design (pre-FEED) and FEED engineering services. The agreement has a contractual duration of three years with an option to extend for two additional years. Robin Watson,
New Member Joins Wood Group European Team
Wood Group has appointed Alan Johnstone as president of its Asset Life Cycle Solutions business in Europe. Joining Wood Group from his position as Amec Foster Wheeler’s managing director for upstream asset solutions, Alan brings almost three decades of North Sea, Southern North Sea and Caspian oil &
Wintershall Takes AGR Software for Maria Field
Wintershall has adopted AGR well data management and analysis software tool iQx to be used for Maria field. iQx is designed to optimize well performance and drilling management by providing a data and knowledge management platform. Petter Mathisen, VP of our Software Solutions business unit, said: “
Kvaerner Nets North Sea Decom Deal
Kvaerner has secured a contract to decommission an unnamed North Sea platform. Italian Saipem awarded the contract, worth approximately NOK 200 million, to an engineering, procurement and construction contractor, Kvaerner, to dismantle and recycle the platform. As Kvaerner informed in its Q4 report,
ASN Marine to Repair GLO-1 Subsea Cable
ASN Marine on behalf of Alcatel Submarine Networks has been contracted to undertake an emergency repair of the Globacom-1 (GLO-1) submarine fibre optic cable in UK territorial waters. The subsea cable system GLO-1 stretches from UK across West Africa and has landing points in Nigeria, London and Lis
Geoex Outbids Spectrum in MCG Acquisition
Norwegian multi-client seismic data specialist, Spectrum, has decided to withdraw the offer to acquire all the issued and outstanding shares in MultiClient Geophysical (MCG). The withdrawal follows the increase of the offer price by Geoex, a company bidding along Spectrum to acquire all outstanding
Wintershall Submits Skarfjell Field Development Concept
Norwegian Wintershall has submitted development concept for the Skarfjell field to the Ministry of Petroleum and Energy. Wintershall and its license partners, Capricorn, Bayerngas, Edison and DEA, have selected the development solution for the Skarfjell field, under which the reservoir will be conne
Wartsila to Service PGS’ Vessel Fleet
Wärtsilä and PGS have signed a service agreement under which Wärtsilä will take care of the maintenance of engines and propulsion systems on board PGS’s fleet of eight seismic vessels. The 3-year-agreement was signed in December 2016 and it includes an extension option for additional two years. In t