Seismic vessel fleet owner SeaBird Exploration has released a proposal that would set it free from some $30 million in debt. The company, which expects to run out of cash in August 2017 unless a solution is found, on Friday said it would propose its restructuring plan to bondholders and other credit
Great Lakes Dredge and Dock (GLDD) has officially begun beach nourishment operations in the Town of Duck with the arrival of the company’s dredge Liberty Island. According to Dare County, NC, the dredge started pumping sand late Tuesday night, May 23rd, at the Widgeon Dr. subline and will continue p
Congressman Charlie Crist yesterday applauded the U.S. Army Corps of Engineers’ decision to fully fund the Pinellas County Shore Protection Project. This announcement followed months of advocacy by Rep. Crist and Pinellas County, led by Chair Janet C. Long, which included a meeting with the Army Cor
Cairn Energy has started drilling the FAN South-1 exploration well into the South Fan prospect, offshore Senegal. According to a Friday statement by Far Limited, a partner in the project, the well is the first pure exploration well to be drilled offshore Senegal since the discovery wells of FAN-1 an
Alpha Petroleum has partnered with GE Oil & Gas to advance the subsea infrastructure for the Cheviot oil field in the UK North Sea with 55 mmbbls of oil and 20 mmboe of future gas production. The company, backed by upstream oil and gas investment firm Petroleum Equity, has named GE Oil & Gas as the
Oceanteam Solutions has received a letter of intent (LoI) from an unnamed cable producer in Europe for the supply of a vessel, turntable and auxiliary equipment for the transport of cables from South Europe to Scandinavia. The contract is planned to be executed in summer 2017, the company said. Ocea
The U.S. Army Corps of Engineers, St. Paul District, received $20 million to continue construction of the Fargo-Moorhead Metropolitan Flood Risk Management Project. These funds, released yesterday in the U.S. Army Corps of Engineers Fiscal Year 2017 Work Plan, will allow the St. Paul District and it
Chilean Empresa Nacional del Petróleo (ENAP) signed a 12-year deal for the natural gas supply and reserved regasification capacity at the Quintero LNG terminal with the utility Colbún.
Noble Corporation has selected acoustically-aided inertial navigation technology from Sonardyne for its ultra-deep water drillship Noble Globetrotter I. The Marksman DP-INS system is being used to provide a high integrity, independent subsea position reference for the vessel’s GE DP3 dynamic positio
Hess Corporation has signed a non-exclusive 10-year global agreement with Wood Group to provide engineering, project management, construction, commissioning, operations & maintenance, integrity management, subsea, and decommissioning services. The two companies have worked together for more than 25
Polish Gas and Oil Company said it has executed a supplementary agreement to its long-term contract with Qatargas, which will come into force on January 1, 2018.
Piling work for the port’s flagship Dover Western Docks Revival (DWDR) development project is in full swing now, according to the Breckland Geomatics. The DWDR Principal Contractor, a joint venture between VolkerStevin and Boskalis Westminster (VSBW), has mobilized various marine equipment for the D
Oceaneering has entered into an agreement, expected to extend into 2026, with an undisclosed international oil and gas company, to provide remotely operated vehicle (ROV) services and equipment for projects located offshore of Newfoundland and Labrador, Canada. In addition, Oceaneering will supply t
The foundations project for the Beatrice offshore wind farm has moved forward as Smulders placed the first upper jacket on top of the first lower jacket at its UK yard in Newcastle upon Tyne. The complete jacket now has a height of approximately 70 meters. The upper jacket parts are produced at the
