Subsea 7 S.A. announced the award of a three-year US$160 million contract extension by BP Exploration & Production Inc. for light subsea construction, inspection, repair and maintenance services in the US Gulf of Mexico. The contract will run from the second quarter 2014 to the third quarter 2017. T
Between 5 and 14 March 2014, the Petroleum Safety Authority Norway carried out an audit of Maersk Drilling in respect of preparedness and maintenance management. The objective of the audit was to monitor that Maersk Drilling, at all levels of the organisation, is working systematically on the preven
Dana Petroleum has reported that the first production well has now been successfully completed and flow tested and a further three wells have been drilled and cased to surface casing depth in the Western Isles Development Project. All four subsea christmas trees have also been installed on the seabe
FAR Limited and Svenska Petroleum Exploration, a Joint Venture partners, have reported that in response to the ongoing elections in Guinea Bissau, the Joint Venture has postponed plans to drill the first well until March 2015. FAR and its Joint Venture partner Svenska Petroleum Exploration AB have a
Tianjin Marine, a unit of HNA, signed a letter of intent with Dalian Shipbuilding Industry (DSIC) for the construction of four LNG tankers with a capacity of between 160,000-175,000 cbm. The LNG tankers will cost between $200m and $230m each, and Tianjin Marine will confirm with DSIC on firm orders
Shell Canada Energy, PetroChina Corporation, Korea Gas Corporation (KOGAS) and Mitsubishi Corporation have announced, in the presence of Christy Clark, Premier of British Columbia and Rich Coleman, Minister of Natural Gas Development and Minister Responsible for Housing and Deputy Premier, the signi
MacArtney has performed a major upgrade of two FOCUS-2 ROTV systems belonging to Swedish marine survey contractor and specialist, MMT. Both vehicles have been fitted with new state-of-the-art equipment to carry out geophysical survey missions for clients within oil, gas and renewable energy industri
MacArtney has performed a major upgrade of two FOCUS-2 ROTV systems belonging to Swedish marine survey contractor and specialist, MMT. Both vehicles have been fitted with new state-of-the-art equipment to carry out geophysical survey missions for clients within oil, gas and renewable energy industri
Drydocks World the leading international service provider to the marine and maritime sectors including to the oil & gas and energy industry, today announced the completion of major repair and refurbishment of National Drilling Company’s (NDC) jack-up drilling rig Al Ittihad. The company has successf
Det norske oljeselskap ASA announces a good first quarter 2014. The development of the Ivar Aasen field is on schedule. Fabrication of the living quarters, steel jacket and platform deck is ongoing. A development concept has been agreed for the Johan Sverdrup field. The development of the Ivar Aasen
Seisranger AS, a company in the Forland Shipping Group (Forland), has concluded the sale of the vessel Seisranger to Otto Marine Limited 30 April 2014. The sale will trigger a NOK 75 million redemption of the NOK 525 million Senior Secured Bond that E Forland AS has outstanding. The MV Seisranger wa
The latest milestone in the Cygnus gas field project took place on April 28th as the first piece of major infrastructure sailed out from Isleburn’s facilities at Nigg Energy Park. The beginning of the subsea isolation valve (SSIV) and WYE structures’ journey to the Cygnus site in the Southern North
Saipem has been contracted by South Stream Transport B.V. to provide supporting works relating to the construction of the second line of the South Stream Offshore Pipeline for a total value of approximately $553 million. The entire offshore South Stream project consists of four parallel gas pipeline
South Stream Transport has signed a contract with the Allseas Group to lay the second line of the South Stream Offshore Pipeline. In addition, the Company has signed a contract with Saipem for the provision of complementary works for Line 2. The South Stream Offshore Pipeline will consist of four pa
