Ecosse Subsea Systems (ESS) today (27 July) informed that it had designed, built and delivered a 700Te carousel to a major international infrastructure group, which will be used for the storage of cables required for UK offshore wind farm projects. ESS did not disclose the name of the client.
Ecosse Subsea Systems (ESS) today (27 July) informed that it had designed, built and delivered a 700Te carousel to a major international infrastructure group, which will be used for the storage of cables required for UK offshore wind farm projects. ESS did not disclose the name of the client.
Canadian company Windfire Capital has signed a letter of intent to buy a stake in an exploration license offshore Namibia. In a press release issued earlier this week, the company said it planned to buy 91.5% of the issued and outstanding shares of Riviera Mina Ltd. (“Riviera”), a company incorporat
LNG engineer TechnipFMC reported a net income of $164.9 million for the second quarter of 2017, up from $55.2 million for the corresponding period in 2016.
Malaysian state-owned energy major Petronas is abandoning two blocks located offshore Vietnam. Petronas said on Thursday that its subsidiary, PC Vietnam Limited (PCVL), will hand over Blocks 01 and 02 at the Cuu Long basin to the host authority Petrovietnam once the Production Sharing Contract (PSC)
Japan Petroleum Exploration (Japex) will take a $82 million hit following the scrapping of the Pacific NorthWest LNG project in British Columbia, Canada.
Norwegian oil company Statoil has managed to return to profit in the second quarter of 2017, helped by higher oil prices and cost cuts. The company’s net income for the second quarter 2017 was $1,43 billion, compared to a loss of $302 million a year ago. “Our solid financial results and strong cash
Oil giant Shell posted a 245 percent rise in its second quarter earnings, on a current cost of supplies (CCS) basis, and excluding identified items. Shell’s Q2 2017 earnings, excluding identified items, were $3.6 billion, up 245% from $1 billion for the second quarter of 2016. The company said the r
The Hague-based LNG giant Shell on Thursday reported a 245 percent jump in profit for the second quarter, driven by improved operational performance and industry conditions.
France-based offshore services provider Bourbon has completed the installation of the mooring system for the Floatgen wind turbine – first of its kind in France – at the SEM-REV site off Brittany. The turbine will be installed by the end of the year.
Acta Marine’s new built Ulstein SX195 walk to work vessel’s hull construction has passed the halfway point this week at Crist shipyard in Poland. According to the marine support services provider, the work on the vessel is progressing on schedule. Acta Marine said that the hull construction started
Geoscience company ION Geophysical has provided imaging services which supported the discovery of Zama-1 offshore Mexico by Talos Energy and its partners. Zama-1 is the first offshore exploration well drilled by the private sector in Mexico’s history and is estimated to hold 1.4 to 2.0 billion barre
Seadrill, a cash-strapped offshore driller, has been given some breathing space in an effort to restructure its reported $14 billion debt. The company, which has been in talks with creditors for months, on Wednesday said it had reached an agreement with its bank group to extend the comprehensive res
Danish oil company Maersk Oil has posted a new video on its YouTube channel, showing the completion and installation of the jackets for the central processing facility (CPF) platform and the utilities and living quarters (ULQ) platform on the Culzean field in the UK North Sea. Less than two years af
