Chevron Corporation announced a $36.7 billion capital and exploratory investment program for 2013. Included in the 2013 program are $3.3 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron. “Consistent with long-stated strategies, we’re investing in a portfoli
InterMoor, an Acteon company, has opened its new mooring equipment yard at Loyang offshore supply base in Singapore. The new facility provides mooring equipment storage and an ideal support location for maintenance, preparation and mobilization. Allowing easier access, this purpose-built yard will m
SeaBird Exploration Plc (“SeaBird”) announces that Aquila Explorer has received a letter of award from a Company in the Asia Pacific region. The contract has an estimated duration of 75 days with a value of Approximately USD 8 million, with an optional extension of about 45 days with a value of USD
Alcatel-Lucent and Main One Cable Company Limited, have renewed their marine maintenance contract for Main One’s submarine cable system connecting Portugal to Nigeria over 7,000 km and contributing to enhance overall African and international connectivity. Delivering high-speed bandwidth of 1.92 Tbi
On 5 December Statoil entered into a contract with Vestbase AS for the establishment of new buildings and infrastructure especially adjusted to serve Åsgard subsea compression. Statoil is planning to install the compressors and associated seabed equipment on the Åsgard field in the autumn of 2014 wi
Kongsberg Maritime has delivered a cutting-edge AUV package featuring an advanced HUGIN 1000 Autonomous Underwater Vehicle (AUV) and sophisticated multibeam echo sounder to DOF Subsea. The Bergen, Norway headquartered subsea services provider has already deployed the 3000 metre depth rated HUGIN AUV
Jumbo has been awarded a FPSO mooring, installation and hook-up contract by EnQuest. EnQuest is redeveloping the Ardmore and Duncan fields as Alma and Galia respectively. The project scope is the mooring spread installation and FPSO tow out and hook up. This will be the first offshore project in whi
Technip was awarded by BG International Ltd (BG) a lump sum engineering, procurement, commissioning and installation (EPCI) contract for the development of the Starfish field. Located in the East Coast Marine Area, offshore Trinidad, the field lies at a water depth of approximately 130 meters and wi
Reference is made to the stock exchange notice dated 13 November 2012 regarding completion of a one-year contract in Brazil and commencement of a new 3D EM data acquisition project in Brazil. EMGS has signed a contract extension worth approximately USD 12 million with Petrobras. As previously announ
The Ministry of Petroleum and Energy has received applications from 36 companies by the deadline for applications in the 22nd licensing round on the Norwegian continental shelf. The Ministry intends to award new production licences before the summer of 2013. “I am pleased to see such extensive, broa
The U.S. Navy has announced that, together with the Chilean Navy’s Hydrographic and Oceanographic Service (SHOA), it plans to research possible alterations to the subsea floor caused by the earthquake and tsunami in February 2010, reports Santiago Times. The research vessel USNS Pathfinder will cond
Singapore-based Kreuz Subsea, take delivery of their new Saab Seaeye Panther XT Plus at OSEA 2012. Operations manager Robert Black sees it as a “formidable vehicle”. “It has incredible strength and an unrivalled speed and agility which means it can swim around divers safely whilst undertaking light
TDW Offshore Services (TDW) announced the completion of the pipeline isolation project for Origin Energy, Energy Business Review informed. TDW’s SmartPlug pressure isolation tool was deployed on a project in Australia for a total of 299 days. The isolation process was needed to safely perform the he
Forum Energy Technologies, Inc. announced that it has acquired Merrimac Manufacturing, Inc. (Merrimac). Details of the transaction were not disclosed. Merrimac, located in Plantersville, TX, manufactures premium consumable parts for drilling, well servicing and pressure pumping applications, includi
