L&T Hydrocarbon Engineering (LTHE) in consortium with EMAS Chiyoda Subsea (ECS) has concluded an engineering, procurement, construction and installation (EPCI) contract with Saudi Aramco. The contract valued at over USD 1.6 billion is for the development of the second phase of Hasbah offshore gas fi
Petronas has appointed its wholly-owned subsidiary, Vestigo Petroleum to continue the operations and maintenance of the Berantai field on its behalf. Located about 150 km offshore Peninsular Malaysia, the Berantai field produced first gas in October 2012. The field comprises a wellhead platform conn
Petroleum Geo-Services (PGS), has narrowed its quarterly net loss despite a 28 percent decline in revenue during the second quarter of 2016. The Oslo-listed seismic player, posted net loss of $51.8 million or 22 cents per share for the second quarter of 2016, compared with $63.8 million net loss or
Odfjell Drilling has kicked off drilling operations for Petronas offshore Malaysia with the ultra-deepwater drillship, Deepsea Metro I. The contract is for one firm well plus four optional wells. The contract duration for the drilling of the one well is approximately 60-70 days with an estimated val
First Subsea, has supplied a relatchable bend stiffener connector (BSC) to NOV Completion & Production Solutions for a flexible production riser for Statoil’s Gina Krog, turret moored, floating storage and offloading (FSO) vessel in the Norwegian sector of the North Sea. The Type II BSC comprises a
Offshore services player, Helix Energy Solutions, has seen the weak market pull its second quarter 2016 result deeper into the red, but said it expects business to pick up in the second half of the year. The company reported a net loss of $10.7 million, for the second quarter of 2016, compared to ne
London-based engineering consultancy, AgileTek, has been awarded a contract to support Hydro Group on an undisclosed wave energy project. The work will see AgileTek assist the umbilical manufacturer with design and engineering of accessories for the cable connected to a wave energy conversion device
Norwegian vessels owner, Rem Offshore, has not secured backing for its refinancing plan after the bondholders controlling more than 1/3 of the bonds in the company’s REM04PRO bond issue turned down its proposal. Namely, the industrial investment company, Aker, which earlier this year invested around
Norwegian seabed seismic services company, Magseis, has selected acoustic positioning equipment from Sonardyne for its upcoming ocean bottom seismic campaign in the Red Sea. Starting July, and working in partnership with BGP on behalf of Saudi Aramco, the S78 project is expected to last nine months
Oslo-listed Havila Shipping and subsea contractor DeepOcean have decided to modify the chartering contract for the vessel Havila Phoenix. The 2009 built subsea vessel was previously signed on a contract, with commencement in Q1 2014, for a firm period of 7 years with 4 optional periods each of 1 yea
MMT has signed a four year framework agreement with TenneT. The framework agreement runs from 2016 to 2020 and MMT has been selected for geophysical and geotechnical investigations both offshore and nearshore. The area to be surveyed is the electrical grid connection of offshore wind farms within Ge
KrisEnergy informed that CGG Amadeus has begun a 884 sq. km 3D seismic acquisition program in the G10/48 contract area in the Gulf of Thailand. The program, which was awarded to CGG Services, is estimated to last 41 days. The seismic program will be carried out in two sub-areas of the G10/48 licence
The installation of four cable ducts through the rock beneath Noss Head, north of Wick, and almost 500 metres out to sea has been completed as part of Scottish Hydro Electric Transmission’s (SHE Transmission’s) £1.1 billion Caithness-Moray project. The transition between land and sea represents one
Strainstall, part of James Fisher and Sons, has been awarded a contract with the Japanese Penta Ocean-Toa joint venture, for its mooring solution to be installed at the Pengerang Independent Deepwater Petroleum Terminal (PIDPT) in Malaysia. The phase two development of the terminal, comprising 11 ne
