Statoil has received consent for installation and temporary operation of a modular drilling rig (MDR) at the Heimdal facility. Installation will begin in the third quarter of 2014 with commissioning scheduled for November. Heimdal is a gas field lying under 120 metres of water in block 25/4 in the c
Diamond Offshore Drilling, Inc. has reported net income of $90 million, or $0.65 per share, for the second quarter of 2014, compared with net income of $185 million, or $1.33 per share, in the same period a year earlier. Revenues in the second quarter of 2014 were $692 million, compared with revenue
Bibby Offshore, the subsea services provider to the oil & gas industry, hosted a visit by George Osborne, Chancellor of the Exchequer, to the Company’s innovative workshop, storage and maintenance facility in Aberdeenshire, on Tuesday 22 July. The Chancellor was given a tour of Bibby Offshore’s new
Northern Petroleum has been awarded the C.R149.NP permit offshore in the Sicily Channel adjacent to the Northern Petroleum operated permit C.R146.NP. The permit C.R149.NP was applied for in order to encompass an extension of the Vesta prospect, mapped within the Company’s adjacent C.R146.NP permit.
Work on the construction of a new breakwater structure at the mouth of Cowes Harbour, which will transform the port into a true sheltered harbourage, has successfully moved into the third stage of this vital 18-month coastal protection project. Cowes Harbour Commission’s appointed contractors Boskal
Two NOF Energy members, Flexible Engineered Solutions International of Ashington and Francis Brown, joined forces to complete contracts on a production and storage vessel which will be used off the Australian coast. Flexible Engineered Solutions International of Ashington, supplied Diverless Bend St
At the end of June 2014, one of Conbit’s specialist lifting crews replaced the flare tip on the OFON2 complex, offshore Nigeria. A team of 5 people completed the job within a limited shutdown period. The OFON field is located in block OML 102, approximately 45 km off the southeast coast of Nigeria a
On July 22, 2014 Technip’s Board of Directors approved the second quarter and first half 2014 consolidated financial statements. Technip’s second quarter results were highlighted by an order intake of 7.1 billion euros, revenues of 2.6 billion euros, compared to 2.4 billion same time last year (9% r
Downer EDI Limited (Downer) will implement the RIB iTWOcx Cloud Project Document Management, Collaboration and Governance Platform to deliver a trustworthy and auditable project management system for their downstream portion of the Chevron-operated Wheatstone Project in Western Australia. The contra
Wood Group Kenny (WGK) has announced that findings from the first and second phases of a Joint Industry Project into understanding the effect of slug flow on pipelines and risers has led to significant enhancements in their software package, Flexcom, to deliver automated slug capabilities. Subsea sy
Octanex N.L. has announced that limited recourse project finance has been secured for the development of the Ophir field, offshore Malaysia. Octanex is a 50% shareholder in Ophir Production Sdn Bhd (“OPSB”) which was awarded the Ophir Risk Service Contract in June 2014. Octanex’s joint venturers in
Upon request of the Superior Council of the Private Enterprise (COSEP), a group of top managers and engineers from HKND and ERM recently made a four hour long presentation to more than 200 members of COSEP and the Nicaraguan Council of Small and Medium Enterprises (CONIMIPYME) on the Integrated Deve
Repsol posted net income of $1.784 billion (1.327 billion) euros in the first half of the year, an increase of 47% from the year-earlier period. This reflects a good performance of the company’s businesses as well as the success in securing a compensation agreement for the expropriation of YPF. Adju
The Turkish Ministry of Environment and Urbanisation has approved the Environmental Impact Assessment Report (EIA Report) for the section of the South Stream Offshore Pipeline that will cross the Exclusive Economic Zone (EEZ) of Turkey. The EIA Report consists of an assessment of potential impacts o
