Macgregor, a Cargotec company, has secured contracts from Bumi Armada Berhad, a Malaysia-based international offshore oilfied services provider, to supply equipment for two projects that will be booked into the company’s Q2 2014 order intake…
High costs and regulatory and fiscal uncertainties could have caused a drop in exploration and deal activity on the UK Continental Shelf (UKCS), according to business advisory firm Deloitte. The firm’s Petroleum Services Group…
Xcite Energy has agreed a memorandum of understanding with Norway's Aibel, setting out the principles for executing the engineering, procurement and construction self installing platform for its UK North Sea Bentley heavy oil field. The platform…
North Sea independent EnQuest plans to spend about US$1 billion on new projects in 2014, including about $400 million on the Kraken FPSO development. A further $200 million will be spend on the Alma/Galia development, due on stream in H2 this year…
UK-based offshore vessel operator Seajacks has taken delivery of its fourth vessel, Hydra (pictured), from Dubai-based oil and gas engineering and fabrication firm Lamprell. Hydra is the fourth vessel Lamprell has built for Seajacks, which has a fifth vessel…
UK-based independent EnQuest says it has made a discovery in the North Sea and agreed a field development project with Malaysia’s Petronas. Drilling on the North Sea Avalon prospect confirmed a discovery. EnQuest said preliminary analysis…
Aberdeen-based independent explorer Xcite Energy Resources (XER) has agreed a memorandum of understanding (MOU) to use a self-installing platform design on its North Sea Bentley field. The MOU, with engineering firms AMEC and Ove Arup & Partners…
Aberdeen-based independent explorer Xcite Energy Resources (XER) has agreed a memorandum of understanding (MOU) with Teekay Shipping Norway on the use of a floating production facility for its Bentley heavy oil field in the North Sea. The…
Cairn Energy has said it is committed to its planned 2014 operations, but that spending beyond then is being looked at closely as its awaits resolution of tax issues in India. The Edinburgh-based firm says spending beyond 2014 would depend…
Deltamarin has signed a contract with Bumi Armada for the basic design of a floating production, storage and offloading (FPSO) unit. The move comes after Bumi Armada secured a contract to supply the FPSO to operate on EnQuest's Kraken field…
North Sea focused independent EnQuest's US$3.2billion plan to develop the Kraken heavy oil field has been given the go ahead. Kraken is in 108-125m water depth, about 135km east of Shetland, and is estimated to contain 137MM bbl gross reserves…
Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad has signed a bareboat charter contract with EnQuest for a floating production, storage and offloading vessel (FPSO) to be deployed at the Kraken field in the UK North Sea…
Cairn Energy has outlined a nine-well exploration program for 2014, with a strong focus on the Atlantic margin. Four of the five Atlantic margin wells will be operated by Cairn, including the JM-I exploration well, in the Juby Maritime III block…
Huisman has secured a contract for the delivery of a 1,500mt @ 32m “leg-encircling crane” for Seajacks new offshore wind farm installation vessel, Scylla. The contract for the 1,500mt crane was awarded to Huisman by the South Korean shipyard Samsung Heavy Industries…
Andrew McBarnetIf there was such a thing as an annual horoscope for the marine seismic and related geophysical businesses, then in the coming year we can expect at least some improvement on 2012. In other words, unless there is some totally unexpected destabilizing economic…
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