Subsea 7 has posted a record backlog of US$10.4 billion for Q2 2013, with tendering continuing to be high into Q3. But profits were hit by a US$300 million loss provision on the Guará-Lula NE project, offshore Brazil. Jean Cahuzac…
Heerema Fabrication Group’s Vlissingen fabrication yard has completed the fabrication of two jackets for the Golden Eagle Development project of Nexen Petroleum UK Ltd. With the departure of Nexen’s 6,400-ton PUQ (Production Utilities…
Eni S.p.A. CEO Paolo Scaroni and Eni E&P COO Claudio Descalzi met with Mozambique President Armando Guebuza today in Changara, the mineral district of Tete province in western Mozambique, to discuss Eni’s ongoing activities and projects in the country…
Faroe Petroleum completed the acquisition of a 10% non-operated interest in the BP-operated East Foinaven oil field and a 0.5% interest in the West of Shetland Pipeline System, both from Marubeni Oil & Gas (North Sea) Ltd . The net consideration payable for the acquisition of the interests…
NEL has invested US $386,666 in a new erosive flow center at its Glasgow base. The facility is the first in the UK to offer the complete range of erosive flow services, including flow testing, Computational Fluid Dynamics (CFD), operation and performance assessment…
Lifting, drilling and subsea solutions specialist Huisman has secured new contracts for10 pipelay systems, with various major offshore pipelay contractors. The new contracts include: three 550mt tiltable lay systems (TLS) and one 325mt vertical lay system (VLS) for Subsea 7…
ITG Group has ordered two platform supply vessels (PSV) of the PX121 design from ULSTEIN. The ROC yard, China, will be constructing the two PSVs for ITG. The contract includes an option for two more vessels. ROC is a new yard starting…
First oil on EnQuest’s Alma/Galia project is now scheduled for Q1 next year, weather permitting, due to an increase in the scope of work on the development's floating production unit. EnQuest said the increased work related to the refurbishment…
Platform jackets for the £4.5billion West of Shetland Clair Ridge development have been installed. The two jackets, which will be bridge-linked, were installed using Heerema Marine Contractor’s heavy lift vessel Thialf 75km west of the Shetland Islands…
Beach Energy announced that drilling is expected to begin on the 01RX Cobalcescu South exploration well in Block EX-28 offshore Romania. According to the company, the well will be spudded during Beach Energy’s August reporting period…
Statoil Petroleum AS (Statoil) received consent to use the Polar Pioneer facility.The consent applies to permanent plugback of well 31/5-J-41 and sidetrack drilling of well 31/5-H-2 in the Troll field in the North Sea in production license 085…
Norway-based multi-client seismic services firm Spectrum is to acquire 2D seismic offshore Croatia ahead of the country’s latest licensing round. Spectrum will acquire the seismic data using Cyprus-based Seabird Exploration. Seabird will acquire about 12…
Hansa Hydrocarbons is to acquire stakes in three southern North Sea gas fields from a subsidiary of Noble Energy. Under an agreement with Noble Energy Capital Limited, it will gain 24% equity interest in the Malory field, 25% in the Guinevere field and 2% in the Lancelot field…
SeaBird Exploration Plc's Northern Explorer was awarded a contract in the Mediterranean. The contract has an estimated duration of 150 days, including mobilization from South Africa, and is valued at about US $10.5 million.
Noreco has announced that due to a defect gas compressor, the Ula field in the Norwegian North Sea, will not be able to receive and process production from satellite fields, the field's operator, BP, has informed. This means that the Oselvar field will also be shut down…