On 25 February Statoil and its partners began production from the Hyme oil field in the southern part of the Norwegian Sea. Hyme is the second of Statoil’s 12 fast-track projects. “The field came on stream one month earlier than we assumed in the Plan for Development and Operation (PDO). The project
GC Rieber Shipping reports its best EBITDA in the company’s history for the fourth quarter 2012 and full year 2012. The company had stable operations, with high fleet utilization and solid contract coverage. The market outlook for advanced vessels in the seismic, subsea and ice/ support segments are
One of two Arctic drilling ships employed by Shell Oil does not have proper propulsion to handle all expected weather conditions, has engine trouble, and multiple fire hazards on board the ship, according to sixteen violations identified by the Coast Guard, which were made public by Rep. Ed Markey (
Ports & Maritime Organization announced that the head of National Oceanography Institute said that presently three oceanographic projects are being conducted in the Persian Gulf, Oman Sea and Caspian Sea. He also said that these projects are expected to be completed by the year end. Bordering Persia
Subsea 7 S.A. announced the award of a pipelay and subsea installation contract valued at approximately US$160 million from Statoil at the Oseberg Delta 2 field, located approximately 130 kilometres west of Bergen in the North Sea. The contract includes the design, fabrication and installation of tw
At the periodic meeting of the Observatory with the Giglio community, president Maria Sargentini, accompanied by Costa Crociere managers, Rome La Sapienza University researchers and Titan/Micoperi Consortium experts, updated the local population on recovery operations and described the progress bein
ION Geophysical Corporation announced that it has successfully acquired 2,800 km of high-quality, depth-imaged seismic data within the Punta del Este Basin offshore Uruguay. Known as UruguaySPAN, this latest addition to ION’s global BasinSPAN seismic data library will provide E&P companies with the
Kreuz Holdings Limited (“Kreuz” or together with its subsidiaries, the “Group”), an integrated subsea service provider for the oil and gas industry, reported that the Group’s net profit jumped 49.0% to US$39.7 million for the full year ended December 31, 2012 (“FY2012”) as compared to US$26.6 millio
Technip’s Board of Directors on February 19, 2013, approved the audited full year 2012 consolidated financial statements. Operating income of the company was €235 million in fourth quarter 2012, including €3 million of acquisition costs, versus €197 million a year ago. Financial result in fourth qua
A&P Falmouth is part of an exciting new project to design and develop a vessel to make the installation of tidal energy devices easier and more cost effective. The renewable energy project has been awarded a grant of £1.5m by the Technology Strategy Board to design, develop and commission a barge eq
Flexlife, a specialist provider of flexible pipe technologies and engineering services, has seen successful growth at its Newcastle base since opening 18 months ago. The office has grown from three to 24 employees with turnover in excess of £1.5 million. Andy Lake, appointed to head up the office as
Swiber Holdings Limited, a world class integrated construction and support services provider to the offshore industry, announced the successful completion of its first floatover operation with the B-193 Field Development project in India for the country’s national oil company, Oil and Natural Gas Co
Four countries, three continents, eight cities and towns and two islands; this hectic schedule is that of the newly formed USACE Forward Response Dive and Survey Team during its 2012 inaugural season. The team and its members, including Philadelphia District Hydraulic Engineer Steve England, combine
Offshore drilling refers to a mechanical process where a wellbore is drilled through the seabed. It is typically carried out in order to explore for and subsequently extract petroleum which lies in rock formations beneath the seabed. Most commonly, the term is used to describe drilling activities on
