Kreuz Holdings Limited, an integrated subsea service provider for the oil and gas industry, announced that it has secured a subsea installation contract in 2013 worth approximately US$25.0 million from a third-party client, who is a leading offshore contractor in the oil and gas industry. Work for t
Petrofac has been awarded an engineering, procurement, installation and commissioning (EPIC) contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for Satah Al Razboot (SARB) package 3 project, offshore Abu Dhabi. The US$500 million competitively tendered contract will commence shortly and will
Norwegian Energy Company ASA (Noreco) reports that all subsea preparations have been completed and final commissioning activities are being undertaken at the Huntington field development. Since the previous update was issued on 21 March 2013, there has been some delays in the project due to weather
Statoil has farmed down a 25 % working interest in its operated exploration licence offshore Mozambique to Japanese based INPEX Mozambique, Ltd., a wholly owned subsidiary of INPEX CORPORATION. The licence, which consists of two blocks, under one licence agreement, is located in areas 2 and 5 offsho
Partners in Tamar field offshore Israel announced the start of natural gas production from the field, informs Reuters. The start of production marks a major milestone for Israel, and the country expects to become a gas exporter by the end of the decade. The partners in the Tamar field are: Noble Ene
Subsea 7, a seabed-to-surface engineering, construction and services contractor to the offshore energy industry worldwide, has published a video about the conversion process of pipelay vessel Seven Borealis. Seven Borealis is a state-of-the-art strategic enabler ideally suited to meeting the exactin
Egypt’s coastguard caught three divers cutting an undersea internet cable and causing disruptions to online services on Wednesday, Telegraph reports. The damage was caused on South East Asia-Middle East-West Europe 4 (SEA-ME-WE 4) cable which links France to Singapore, with branches connecting telec
Welsh marine energy company Tidal Energy Ltd is preparing to deploy a prototype of its DeltaStream device in the Ramsey Sound off St Davids Head, southwest Wales. Tidal Energy, which is controlled by principal shareholder Eco2, a company committed to financing and developing renewable energy project
BP and its co-venturers Shell, ConocoPhillips and Chevron announced today their decision to proceed with a two-year appraisal programme to look at the possibility of developing a third phase of the giant Clair field, west of the Shetland Islands. The initial commitment involves a two year programme
Plexus Holdings plc, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering announces its interim results for the six months to 31 December 2012. Highlights Financial · 21% increase in sales revenue to £11.3m (2011
Pacific Rubiales Energy Corp. has elected to exercise its option to acquire a 35% interest in Karoon Gas Australia Ltd’s Santos Basin Block, S‐M‐1166. In consideration for acquiring the option interest in S‐M‐1166, Pacific Rubiales will fund the initial US$70 million in well costs along with 35% of
Cal Dive International, Inc. announced that it has been awarded a contract by Pemex Exploración y Producción for the engineering, procurement, installation and commissioning of 12 kilometers of eight inch subsea pipeline and associated tie-ins on four existing platforms located in the Abkatun-Pol-Ch
The first graduate to come through the Fort William-based subsea training facility, The Underwater Centre, as a result of a Caithness Chamber of Commerce-led funding initiative has already secured a job in the industry. Kevin Macleod (30), of Caithness, who was working as an instrument technician wi
Ballast Nedam has signed a contract for the installation of foundations at the German EnBW Baltic 2 offshore wind farm with ARGE BALTIC 2 Foundations, a joint venture between HOCHTIEF Solutions AG, GeoSea N.V. and HOCHTIEF Offshore Crewing GmbH. Ballast Nedam will erect the project’s 39 monopile and
