First hydrocarbons have flowed from Dana Petroleum’s flagship Western Isles Development Project. The first production well has now been successfully completed and flow tested and a further three wells have been drilled and cased to surface casing depth. All four subsea christmas trees have also been
The operations to install the first of the 19 sponsons to be positioned for the refloating of the Costa Concordia wreck have been completed. The sponson S13, the biggest in weight and size, is now positioned on the starboard side at about 11 meters in depth from the artificial seabed on which the Co
McDermott International, Inc. announced that the Derrick Barge 101 was recently mobilized to Indonesia to perform fast-track heavy-lift work for a client offshore Indonesia. “Response time to fast-track work is just one of the key elements to a successful project outcome,” said Hugh Cuthbertson, Vic
Eni, the international oil and gas company, announced its group results for the first quarter of 2014. Net profit was $1.80 billion, down 15.6% from the first quarter 2013. In the first quarter of 2014, adjusted operating profit was €3.49 billion, down 6.8% compared to the first quarter of 2013. Thi
Det norske oljeselskap ASA announces a good first quarter 2014. The development of the Ivar Aasen field is on schedule. Fabrication of the living quarters, steel jacket and platform deck is ongoing. A development concept has been agreed for the Johan Sverdrup field. The development of the Ivar Aasen
Det norske oljeselskap ASA is, as partner in production licence 265, in the process of completing drilling of appraisal wells 16/2-19 and 16/2-19A in the Johan Sverdrup oil discovery. The objective of the wells was to examine the extent and properties of the reservoir rocks in the northernmost part
The latest milestone in the Cygnus gas field project took place on April 28th as the first piece of major infrastructure sailed out from Isleburn’s facilities at Nigg Energy Park. The beginning of the subsea isolation valve (SSIV) and WYE structures’ journey to the Cygnus site in the Southern North
CMS-Geotech Ltd has launched its new operations base in Lowestoft, Suffolk providing specialist marine geotechnical support to a wide variety of marine sectors in both offshore & coastal waters. CMS-Geotech will specialise in geotechnical equipment hire, geotechnical surveys & seabed sampling, speci
Saipem has been contracted by South Stream Transport B.V. to provide supporting works relating to the construction of the second line of the South Stream Offshore Pipeline for a total value of approximately $553 million. The entire offshore South Stream project consists of four parallel gas pipeline
South Stream Transport has signed a contract with the Allseas Group to lay the second line of the South Stream Offshore Pipeline. In addition, the Company has signed a contract with Saipem for the provision of complementary works for Line 2. The South Stream Offshore Pipeline will consist of four pa
Royal Dutch Shell plc released its first quarter results and first quarter interim dividend announcement for 2014. Upstream underlined earnings were $5.7 billion. Compared with the first quarter 2013, Upstream earnings excluding identified items were supported by stronger Integrated Gas results as w
The Shah Deniz consortium announces a major offshore transport and installation contract award for the Stage 2 development of the Shah Deniz field to the BOS Shelf LLC, Saipem Contracting Netherlands B.V. and Star Gulf FZCO consortium. The award of this $1.8 billion contract, part of the Shah Deniz
Subsea 7 S.A. announced results for the first quarter which ended on March 31, 2014. Net income for this quarter was $137 million, compared to $132 million year-over-year. Revenue for the quarter was $1.7 billion, an increase of $201 million compared with Q1 2013. The increase primarily reflected hi
Statoil Petroleum AS, operator of production licence 090, is in the process of concluding drilling of wildcat well 35/11-17. The well was drilled about one kilometre south of the Fram field in the North Sea. The well’s primary exploration target was to prove petroleum in Middle Jurassic reservoir ro
