Oslo-listed seismic player Petroleum Geo-Services (PGS) said today it expects lower earnings for this year and a further decline in profits in 2015 due to drop in oil prices and exploration cost cuts by the offshore oil companies. The company expects its EBITDA to be around $700 million for the year
Royal Boskalis Westminster N.V. (Boskalis) in partnership with Volker Stevin International (VolkerWessels) have been awarded a contract by Iberdrola Renewables Offshore Deutschland GmbH for the partial construction of the Wikinger Offshore Wind Farm in German section of the Baltic Sea. The work comp
SAL Heavy Lift’s Type 176 vessel MV Frauke successfully finalized her latest project, for which it had been engaged since July 2014. The project consisted of seven phases: – Mobilization and special preparation of the vessel in Germany and the Netherlands; – Loading and transport of two empty carous
Dudgeon Offshore Wind Limited has awarded a 5 year contract for the Service Operation Vessel to Esvagt AS. The contracted Service Operation Vessel (SOV) for Dudgeon wind farm is of the Havyard-832 design with a length of 83.7 meters and a width of 17.6 meters. The SOV is a DP-2 Class operated vessel
Ennsub has completed the design and manufacture of two innovative workclass remotely operated vehicle (WROV) deployment systems which have been designed and manufactured for ROVOP and are due to be installed into a new build, tier one pipelay vessel Ceona Amazon early in 2015. The company demonstrat
Hughes Sub Surface Engineering (Hughes SSE) has completed works on the world’s second largest wind farm Gwynt y Môr. Since 2012 Hughes SSE has been a provider of core services to the construction efforts at Gwynt y Môr wind farm. During a 34 month involvement, Hughes SSE provided a combined operatio
Ramboll has been selected as expert reviewer and geotechnical consultant on the North South Line, part of the Hong Kong metro. The metro will help to make life easier for more than 1 million people every day. Ramboll was selected by PY Pun-KD to provide geotechnical input for the underwater Cross Ha
Statoil has on behalf of the Mariner co-venturers awarded the contract for integrated drilling and well services on the Mariner field on the UK continental shelf (UKCS) to Schlumberger Oilfield UK Plc. “This is a very significant agreement for the Mariner project, and the result of an innovative, ne
Norway’s Rem Offshore and Vard Group have agreed to postpone delivery of the OCV (Offshore Construction Vessel). Namely, in June 2014, Rem Offshore entered into a newbuilding contract with Vard for delivery in the first quarter of 2016. However, under the new agreement, delivery of the vessel is sch
Oslo-listed seismic player Polarcus has inked a a Letter of Intent (LOI) with Perenco Oil & Gas Gabon for a 3D marine seismic acquisition project offshore West Africa. The survey will be acquired by the company’s 12 streamer 3D/4D seismic vessel Polarcus Nadia. The 88.8 meters long, ULSTEIN SX124 de
FMC Technologies, Inc. has received an order from Eni Angola to supply subsea production systems for its deepwater Block 15/06 East Hub development. The order has an estimated value of $393 million in revenue. “We are pleased to have been awarded the subsea production systems contract for Eni’s Bloc
Norwegian Energy Company ASA (Noreco) has been informed that a temporary approval has been granted to resume production at reduced rate at the Huntington field, and that the field is now on stream. Until normal access to the CATS system has been restored, Noreco expects that daily production from Hu
Primeline has started the commercial production at its LS36-1 gas field, after trial production having been successfully completed. The production period under the Petroleum Contract for Block 25/34 has accordingly began. The Joint Management Committee (JMC) established by China National Offshore Oi
Seabed-to-surface engineering contractor, Subsea 7, has announced that, with effect from 1 January 2015, it will be changing the organisational structure of its business. According to the company, its to better align Group’s strategic priorities and to further strengthen the its execution capabiliti
