The Steering Committee for the development of the Azeri and Chirag fields and the Deep Water portion of the Gunashli (ACG) field has sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant ACG field in the Azerbaijan sector of the Caspian Sea. The $6 billion devel
Leask Marine has recently carried out subsea work scopes in two offshore industry sectors. Namely, its dive team completed an in-water survey for ABS for Prosafe’s Safe Caledonia Rig in preparation for its departure from Scapa Flow to perform an underwater inspection in lieu of dry-docking (UWILD) i
European Marine Energy Centre (EMEC) is looking for a Project Manager to manage the ReFLEX project and contribute to other key projects within EMEC. EMEC is leading the £28-million ReFLEX project which will design, build and deliver a virtual energy system in Orkney using localised power balancing m
ExxonMobil has made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of approximately 5.5 billion oil-equivalent barrels on the Stabroek Block. Yellowtail-1 is
Schlumberger has seen its quarterly profit fall some 20 per cent against last year’s Q1 result despite relatively flat revenue. The oilfield services giant generated Q1 2019 profit of $421 million, or 30 cents per share, on some $50 million higher revenue ($7.87 billion), against profit of $525 mill
SOFEC, a MODEC Group company, has completed the Engineering, Supply and Delivery of Mooring System contract for PETRONAS Floating LNG 1 (PFLNG1). This project included the engineering, supply and delivery of the replacement mooring legs and anchors for the external turret system. The PFLNG Satu has
Italian oilfield services player Saipem has reported first-quarter 2019 profit of €21 million ($23.6 million), on revenues of €2.15 billion ($2.4 billion). This result compares to net loss of €2 million on revenues of €1.9 billion ($2.13 billion) for prior-year comparable period. Adjusted result was
Keppel Offshore & Marine (Keppel O&M) has, through its subsidiaries Keppel Shipyard and Keppel FELS, secured integration and upgrading contracts worth a combined value of about S$160 million. The first contract is between Keppel Shipyard and an unnamed operator of oil and gas production vessels for
US-based hydrokinetic developer Ocean Renewable Power Company (ORPC) has unveiled its first commercial RivGen Power System at Midcoast Regional Redevelopment Association’s Brunswick Landing, in Brunswick, Maine. Attendees toured the RivGen device, learning about various sub-components of the marine
Seaway 7 has been selected by Vattenfall as one of its partners for the Hollandse Kust Zuid 1 & 2 offshore wind farm project. Seaway 7’s envisaged scope of work includes the transport and installation of 76 monopile foundations and the laying of the inter-array cables and will be led from Seaway 7’s
Halliburton has executed an integrated services contract with Royal Dutch Shell for post-salt development and pre-salt exploration in Brazil’s Campos and Santos Basins. Under the contract, which includes a three-year term with a two-year extension, Halliburton will provide drilling services to drive
Vallourec Soluçoes Tubulares do Brasil has been awarded a contract by TechnipFMC in Brazil to supply around 12,000 tons of seamless steel rigid line pipe. The pipe will be used in the fabrication of the riser and flowline system for interconnecting 13 wells (6 production wells and 7 water alternate
RMS Titanic, an affiliate of Experiential Media Group, together with the Advanced Imaging and Visualization Lab (AIVL) at the Woods Hole Oceanographic Institution (WHOI) and Marine Imaging Technologies (Marine Imaging) will join forces to preserve the RMS Titanic wreck site, discovered in 1985, for
Infinera has secured a deal with Orange to power Kanawa subsea cable with its fourth-generation Infinite Capacity Engine (ICE4)-based XTS 3600 platform and Infinera Instant Bandwidth. Kanawa, owned and operated by Orange in the Caribbean, delivers high-speed connectivity between French Guiana, Marti
