US-based Oaktree Capital Management has invested in Aberdeen-based subsea oil and gas business, Integrated Subsea Services (ISS). This strategic investment will provide ISS with access to specialised vessels helping the company to capitalise on the current thriving global subsea market. Oaktree beco
According to CBCNews, the federal government has on Tuesday sent out a tender for survey work of a warship wreck off Sambro Island, near Halifax. Namely, the First World War ship, S.S. City of Vienna, is considered to be a threat because there is up to 10,000 munitions in the site where it sank almo
Bookings have officially opened for the annual Offshore Decommissioning Conference organised by Decom North Sea in partnership with Oil & Gas UK. This year it is being held at a new venue, the Fairmont Hotel, St Andrews, on 9-11 October. With decommissioning North Sea oil and gas facilities projecte
Oceaneering International, Inc. today reported record second quarter earnings for the period ended June 30, 2012. On revenue of $673 million, Oceaneering generated net income of $72.6 million, or $0.67 per share. During the corresponding period in 2011, Oceaneering reported revenue of $546 million a
The Crown Estate today opened an industry engagement exercise to shape the future of wave and tidal leasing in the UK. With 37 sites leased to date, the UK already has a global lead in the wave and tidal industry and the exercise aims to help the industry grow further. The Crown Estate engagement [&
SNC-Lavalin announces that it has been awarded a contract by Statoil ASA to carry out the front-end engineering design (FEED) for an approximately 20,000-tonne substructure, part of the Bressay offshore development located in the UK sector of the North Sea. “We’re very pleased to continue supporting
Hydratight has made changes to its management team to shape the business for major expansion. Former Americas regional business leader Chris Mitchell is to become global vice-president for sales and service, a new role reporting directly to Hydratight president Jan de Koning. Taking over as Americas
On July 24, 2012, Technip’s Board of Directors approved the second quarter and first half 2012 consolidated accounts. Technip reported a net operating income of €134 million for the second quarter 2012. Thierry Pilenko, Chairman and CEO, commented: “Technip’s second quarter revenue and profit were f
The deep-sea drilling vessel Chikyu, operated by the Japan Agency for Marine-Earth Science and Technology (JAMSTEC), will embark on her next mission, IODP Expedition 337: Deep Coalbed Biosphere off Shimokita- Microbial Processes and Hydrocarbon System Associated with Deeply Buried Coalbed in the Oce
Fluke Engenharia, an Acteon company, has won a new contract from Subsea 7 to fabricate 27 suction piles for use in the Guará–Lula field, which is part of the pre-salt cluster in the Santos basin, offshore Brazil. Fluke Engenharia will manufacture the products at its Macaé facilities and will deliver
Wave energy developer Carnegie Wave Energy Limited announces a new report from Australia’s national science agency highlighting the significant role that wave energy can play in Australia’s future energy mix. The study, carried out by the CSIRO (Commonwealth Scientific and Industrial Research Organi
Statoil’s second quarter 2012 net operating income was NOK 62.0 billion, a 2% increase compared to NOK 61.0 billion in the second quarter of 2011. “Statoil continues to deliver good financial results and strong cash generation. We increased oil and gas production by 17% in the second quarter compare
Installation of the PNG LNG Project’s 407-kilometre offshore pipeline is complete, after the two sections of pipe were recently connected. This major milestone was performed by the Castoro 10 Shallow Water Lay Barge. The pipeline was laid in two sections over eight months, using two vessels, one sta
Aker Solutions’ subsidiary Aker Oilfield Services has received a contract from Total E&P Angola for providing subsea intervention services from the oil services company’s purpose-built intervention vessel, Skandi Aker. The agreement marks a breakthrough for vessel-based intervention services in deep
