Seadrill has exercised an option to build a new ultra-deepwater dual derrick drillship at the Samsung yard in South Korea. Total project price is estimated at US$600 million (includes project management, drilling and handling tools, spares, capitalized interest and operations preparations). The deli
CTC Marine has returned to Germany to continue the installation of subsea inter-array power cables on BARD Offshore 1 Wind Farm. The first array cable of the 2011 campaign has already been installed. CTC is installing 80 inter-array power cables in total on the 400MW development located in the Germa
Dr Marcus Jones has left his post as Chief Executive of the Institute of Marine Engineering, Science and Technology (IMarEST) in order to pursue new interests. He joined the Institute in January 2008 as Chief Operating Officer and took over as Chief Executive in May 2009. “Marcus has defined and led
Power conversion specialist Converteam has been selected to supply its sophisticated C-Series dynamic position (DP) control systems for two platform supply vessels (PSVs) destined for operation in the oil and gas fields of Russia’s northern seas. The award for Converteam’s sophisticated automatic po
Chevron U.S.A. Inc. has awarded Framo Engineering the contract for engineering, procurement, manufacturing and delivery of complete subsea pumping systems for the Jack & St.Malo fields in the Gulf of Mexico. Framo Engineering Managing Director, Ole Gams Steine, states; “We are very proud and gratefu
TGS-NOPEC Geophysical Company ASA (TGS) has entered into an agreement to acquire 100% of the shares of Stingray Geophysical Limited (Stingray). The transaction will provide TGS with a strong position in the rapidly growing market for Permanent Reservoir Monitoring (PRM) solutions. The acquisition wi
Hydroid, Inc., a subsidiary of Kongsberg Maritime, the leading manufacturer of Autonomous Underwater Vehicles, announced that three of its REMUS 6000 AUVs aided in the search for and discovery of wreckage from downed Air France Flight 447 nearly two and a half miles below the surface off the Atlanti
The Navy may be brought in to help in a row between Greenpeace and the Brazilian oil company Petrobras… (tvnz) [mappress] Source: tvnz, April 11, 2011;
Last week Statoil started oil production at the large Peregrino field offshore Brazil. Production will gradually ramp up to a plateau of 100,000 barrels of oil equivalent per day. The move makes Statoil an important long-term operator and partner in Brazil’s attractive and growing oil and gas indust
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today approved a deepwater permit for the drilling of a tenth well that complies with rigorous new safety standards implemented in the wake of the Deepwater Horizon explosion and resulting oil spill. This includes satisfying
Statoil has initiated an investigation after the gas leak that occurred at Visund on April 9. The gas leak occurred in a riser carrying oil and gas from well A21 to the Visund platform. On Friday April 8, Statoil decided to shut down production from the Visund field to carry out inspections on the [
Victrex Polymer Solutions, a division of Victrex plc, the world’s leading manufacturer of high performance polyaryletherketones, and Magma Global Ltd. have signed a collaboration and exclusive material supply agreement that will enable the two companies jointly to address the increasingly harsh and
The gas leak that was reported at the Visund platform this morning was confirmed stopped just before 1pm today. Evacuated personnel will be returned to the platform. The gas leak is believed to have started at a point in a fixed riser carrying oil and gas from well A21 to the Visund platform. A gas
The Living Oceans Foundation has chosen The Bahamas for the opening of its Global Reef Expedition, a five year, world–wide study of the health of the coral reef environments. In making the announcement, Captain Philip Renaud, USN (ret), the Foundation’s Executive Director, noted that up to 80 percen
