Nautilus Minerals Inc has become the first private sector organisation to be granted offshore exploration licences in Fiji. The Fijian Government has granted the company 14 special prospecting licences, covering a total of approximately 60,000 km2. The territory is considered highly prospective, hav
Skippers were yesterday warned to watch out for a runaway mini submarine that could be roaming the North Sea at high speed… (dailyrecord) [mappress] Source: dailyrecord, August 12, 2011;
Bahamas Petroleum, the oil and gas exploration company with offshore license permits in The Commonwealth of The Bahamas, announces that Dr Paul Crevello, Chief Executive Officer, has resigned with immediate effect for personal reasons. Following this resignation, Alan Burns, Non-Executive Chairman a
WAVE energy projects are gaining a groundswell of interest, with locally designed technology starting to deliver stable power to the grid… (smh) [mappress] Source: smh, August 12, 2011;
Allseas’ Solitaire, the world’s largest pipelay vessel, has completed work on Line 2 of the Nord Stream natural gas pipeline through the Baltic Sea ahead of schedule. The vessel laid 342.5 kilometres of each of the twin pipelines in the Gulf of Finland. “The Solitaire has lived up to all our expecta
Solstad Offshore ASA (SOFF) have signed a Letter of Intent (LOI) with Subsea 7 for hire of SOFF’s offshore construction and support vessel (CSV) “Normand Oceanic”. The agreement is for a firm charter period of 3 years with 3 x 1 year option. Commencement is currently expected to be April 2012. The c
Deep Down, Inc. an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today reported $156 thousand of net income before equity in joint venture operations for the second quarter of 2011, an improvement of $648 thousand, or 132
Imagine an underwater system of robots and cameras that monitors every movement of the seafloor, even deep-sea earthquakes, in real time… (nwcn) [mappress] Source: nwcn, August 12, 2011;
Kvaerner today announced second quarter 2011 results. “We are delivering a robust second quarter despite the loss on the Blind Faith project and a loss provision on the Longview project”, says Jan Arve Haugan, President & CEO of Kvaerner. Operating revenues in the second quarter amounted to NOK 3 9
Aker Solutions’ operating revenues in the second quarter of 2011 were NOK 7.8 billion. Earnings before interest, tax, depreciation and amortisation amounted to NOK 636 million. Order intake in the quarter was NOK 14.3 billion. “We have a strong order intake which reflects high tendering and activity
DECOM North Sea member company, PDL Solutions (Europe) Limited, have been awarded a framework agreement with Shell UK Ltd to provide advanced Computational Fluid Dynamics (CFD) and Finite Element Analysis (FEA) support to the Shell UK engineering team on the Brent Decommissioning Project. PDL are a
Deepwater mooring specialist, First Subsea, has been awarded a contract by Chevron U.S.A. Inc. to supply the mooring connectors for the Jack & St. Malo semisubmersible hub production facility in the Jack and St. Malo fields located approximately 280 miles south of New Orleans, Louisiana, in water de
The Seajacks vessels continue to work in tandem, installing Siemens 3.6MW WTGs at a rapid pace on Walney 2 Offshore Wind Farm. Recent installation activities have been described as “booming” by client Dong Energy. 155 turbines now installed – 7 turbines installed in the past week Seajacks Operations
Aker Solutions has secured a contract with Murphy Sabah Oil Co., Ltd. to deliver a subsea production system for the Kikeh subsea expansion project off the coast of Sabah in East Malaysia. Contract value is undisclosed. The scope of work includes the delivery of deepwater oil production equipment suc
