Eni Norge’s exploration well on the Bønna prospect was dry, according to the Norwegian Petroleum Directorate (NPD). The wildcat well 7016/2-1 was the first drilled in production license 529 in the Barents Sea, about 185km southwest of the Snøhvit field and 160km northwest of Tromsø…
Two agreements announced today will see subsea services firm DeepOcean take on a newbuild installation vessel and Norwegian shipyard Kleven undertake its largest order to date. DeepOcean has agreed to a five and a half year charter, starting March 2016…
Platform supply vessel Edda Ferd (hull C-444) departed from the Gondan shipyard in Spain, bound for Gijon port to carry out sea trials. The vessel is the eighth built by the shipyard for the Norwegian company Ostensjo Rederi and its delivery is scheduled for November 2013…
It's not all about work when you're out at sea. Subsea 7's crew onboard the Bourbon Peridot multipurpose supply vessel collaborated for this fun rendition of the song 'Africa' by Toto while in Equatorial Guinea off West Africa. The video clip…
IHC Merwede has signed a contract for the engineering, procurement and construction (EPC) delivery of an active heave compensation (AHC) system. The system will be designed for use in deepwater subsea installation of heavy modules in dynamic sea states…
Subsea 7 has been awarded to new contracts for pipelay support vessels with Petrobras worth an estimated US$600 million. The contracts are for operation of the pipelay support vessels (PLSVs) Seven Mar and Seven Condor on a day rate basis for approximately three years…
IHC Engineering Business, part of IHC Merwede, is benefiting from a demand for greater capacity in the pipelay market. It is currently working on five orders from Seabras Sapura for 550-tonne capacity vertical flex lay systems (FLS) to…
A high level of investment creates an opportunity for new entrants into the pipelay vessel market, says Douglas Westwood’s Singapore-based analyst Thom Payne. About 32,000km of offshore pipelines are expected to be installed over the next five years…
UAE-based GMS Offshore Contractors is introducing a new class to its fleet, to further expand the business. The S-Class will be a new self-elevating, self-propelled DP2 jackup barge, bridging the gap between the firm’s existing smaller K-Class and large harsh weather E-Class jackups…
Bourbon announced that it sold three vessels, including a tug, an MPSV (multipurpose supply vessel) from the Subsea Services fleet and a PSV (platform supply vessel), for an approximate total amount of US$38 million generating a total capital gain of approximately US$18 million…
Oceana Offshore will be building two platform supply vessels (PSV) with an option for two additional vessels based on the PX105 design from Ulstein. The vessels will be built at the new yard, Oceana Shipyard in Itajai, Brazil, and are scheduled for delivery in April and May 2016…
The US Coast Guard updated decades old regulations regarding offshore cranes and inspection practices. Anthresia McWashington takes a look at the changes to come. The US Coast Guard (USCG) recently proposed revisions to the design, certification…
Transocean Ltd. announced it has been awarded a five-year contract for a newbuild dynamically positioned, ultra-deepwater drillship by Chevron U.S.A. Inc. Shipyard delivery is scheduled for the second quarter of 2016. After customer acceptance…
Royal Boskalis Westminster N.V. (Boskalis) completed the sale of its Australian harbor towage business to Smit Lamnalco. The sale had already been announced in August 2013 as part of a strategic realignment of the towage activities. Boskalis…
The Caspian Sea is a land-locked interior basin with established oil and gas production that has seen increasing activity since the bordering nations gained independence from the former USSR in the late 1990s. Five nations surround the sea: Russia…