Nautilus Minerals announced that the sum of US$113 million has today been released from escrow to Nautilus. In addition, the joint venture between Nautilus and the nominee of the Independent State of Papua New Guinea in respect of the Solwara 1 Project has now been formed. Under the terms of the agr
During 2015 the world’s first subsea compressor will be completed at the Åsgard field off mid-Norway, Statoil announced. The Åsgard field comprises the Midgard, Smørbukk and Smørbukk South discoveries. According to Statoil, Åsgard ranks among the largest developments on the Norwegian continental she
At a water depth of 2,100 meters, the Chevron-operated Jack and St. Malo oil and gas fields are the deepest installation to date for Nexans’ innovative power umbilicals that integrate HV power supply and umbilical functions within a single cable cross-section. The Jack and St. Malo fields are locate
More than 15 teachers from across North East Scotland attended the opening of ‘Inside Industry’ last night (10 December), a new career guidance website for secondary schools and colleges across the UK, targeted specifically towards the energy industry. Supported by the Society of Petroleum Engineers
Bibby Offshore’s Houston-based division, Bibby Subsea, is getting ready for the delivery of the Olympic Ares, a multi-functional subsea construction support vessel (CSV) which is due to arrive in the port of Galveston on December 16, 2014. The 115 metre Olympic Ares is a vessel, with specifications
3D Oil Limited informed that the 3D Flanagan seismic survey, in the T/49P permit in the offshore Otway Basin, is now complete, within budget and without safety incident. The 974 sq km Flanagan survey was completed by the vessel Polarcus Asima in just over one month of operations west of King Island.
Last week, CT Offshore completed installation and burial of total 44 inter-array cables at the DONG Energy wind farm Borkum Riffgrund 1. “Once again our cable laying vessel SIA and crew showed a terrific performance. The valuable experience gained from the West of Duddon Sands and Gwynt y Môr projec
Norwegian seismic player SeaBird Exploration has received a contract extension from TGS-NOPEC Geophysical Company for a survey, curently taking place in North America. The project in progress is being conducted by a 2D long offset/source vessel S/V Osprey Explorer. The 81 meters long vessel joined S
LM Handling, an Acteon company, has provided handling expertise and equipment to support sister company, InterMoor, in the successful mooring installation of a floating production, storage and offloading (FPSO) unit for the China National Offshore Oil Corporation (CNOOC) operated Enping 24-2 oilfiel
Statoil has received consent for modifications at Sleipner for connecting a gas pipeline from Gina Krog. Gina Krog is an oil and gas find, located in blocks 15/5 and 15/6 in the central North Sea. Statoil is the operator of the field, which is situated around 250 kilometres west of Stavanger and 30
Ranger Offshore has closed the previously announced agreement to acquire Technip USA’s diving assets. Strategic acquisition, supporting Ranger’s next phase of growth, include: Multi-year preferred sub-contractor agreement to provide diving services to Technip USA; Further capacity to deploy addition
Wello has completed the third test season of the Penguin wave energy converter. During this test season the device was deployed on site six months continuously. All components inside the device are still original from 2011. The Wello Penguin captures kinetic energy turning it into usable power while
Jumbo has signed a contract with Technip Oceania for the Installation of 13 Subsea Structures for the Chevron Wheatstone Project located offshore Australia. The Subsea Structures comprise of Pipeline Termination Structures (PTSs), SSIV structures, Tee Protection Structures (TPSs) and Drill Centre Ma
RWE Dea has announced plans for further exploration in the Gulf of Suez. At the East Ras Budran Offshore concession, the company plans to acquire seismic and drill an exploration well. The work program for the recently awarded two offshore concessions (the award is subject to approval by the Egyptia
