Latest News

Ocean Installer Awarded Three Key Statoil Contracts

Ocean Installer has been awarded three significant contracts for subsea installations and tie-in operations for Statoil on Johan Sverdrup, Oseberg Vestflanken and Gina Krog.The three awards constitute a significant portion of Statoil's planned subsea construction work on the Norwegian Continental Shelf for the 2017 season. “We are truly pleased to…


DONG Energy to Build World's Largest Offshore Windfarm

DONG Energy has made a final investment decision to build the giant Hornsea Project One offshore wind farm (Hornsea) in the UK. With a capacity of 1.2 gigawatt (GW), Hornsea will on completion be the world’s first offshore wind farm to exceed 1,000 MW in capacity and by a large…


Statoil Awards Multiple Contracts on NCS

The contracts awarded on behalf of the licence partners include marine operations, marine construction, engineering, procurement and construction (EPC) of an unmanned wellhead platform as well as modifications at the Oseberg Field Centre.The contracts have a combined value of approximately NOK 1.6 billion.“We are very pleased to be able to…


​AKOFS Offshore selects Webtool Emergency Disconnection Tool

Allspeeds has supplied Webtool Emergency Disconnection Tools to AKOFS Offshore for its subsea equipment orientation system (SOES) used to install subsea trees. The Webtool cutters are integrated within the SOES providing quick disconnection of the bundles of hydraulic jumpers and electrical flying leads in the event the vessel moves off-station.Deployed…


Aker Solutions Awarded Two MMO Contracts From ConocoPhillips in Norway

Aker Solutions' maintenance, modifications and operations (MMO) business in Norway secured two contracts for work at North Sea fields operated by ConocoPhillips.The company received a framework agreement for a fixed period of five years to become ConocoPhillips' main supplier of maintenance and modifications work offshore Norway. The agreement may be…


Lundin Petroleum Secures Funding for Johan Sverdrup Project

Lundin Petroleum has entered into a committed seven year senior secured revolving credit facility of up to USD 5.0 billion, with an initial committed amount of USD 4.3 billion. This senior secured facility will provide the financial flexibility to fund Lundin Petroleum's interest in the Johan Sverdrup project in Norway.This…


​GE Oil & Gas Wins More Than $700 Million of Innovative Customer Agreements

GE Oil & Gas has announced a series of innovative agreements totalling an estimated lifetime combined value of more than $700 million. The new agreements integrate multiple elements of GE’s diverse customer offering, including digital solutions, meeting the changing needs of its global fullstream customer base.The range of agreements announced…


Statoil to Explore Offshore Uruguay

Statoil Uruguay B.V. (Statoil) has agreed with Total E&P Uruguay B.V. (Total) to acquire 15% working interest in offshore exploration block 14 in Uruguay.This represents a new impact opportunity for Statoil and a new country entry.Block 14 is located in the Pelotas basin of the South Atlantic Ocean, approximately 200…


Lundin Petroleum Signs Farm-Out Agreements in Malaysia

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has signed farm-out agreements (FOA) with certain wholly owned subsidiaries of DYAS B.V. (“DYAS”) for part of its working interests across three Production Sharing Contracts (PSC) in Malaysia.Ahead of the recently…


​​Isaac Newton Ready to Lay Cable on Marjan Field

Jan De Nul Group provides installation works for subsea cables and umbilicals for the oil & gas and renewable energy markets. In 2015 and 2016 the company will install a total of five power cables for Aramco’s Marjan Field.Two power cables for Marjan GOSP’sJan De Nul Group will install two…


​MMT Contracted for an Exciting Offshore Pilot Project in Martinique

MMT are pleased to announce the contract award for the OTEC (Ocean Thermal Energy Conversion) NEMO project by DCNS, a world leader in naval defence.This project is jointly developed by DCNS and its partners with purpose to characterize the geophysical and geotechnical context of the area of an offshore power…


Red Marine Successfully Delivers Bespoke Testing Program

This week Red Marine have successfully completed the qualification testing of a new subsea landing string valve system for one of the largest providers of technologies and services to the oil and gas industry.Working with the FMC Technologies Well Access Systems team, Red Marine provided a turnkey service to develop…


​Petrofac and GE Support Galloper Offshore Wind Farm

Petrofac and GE announced a contract worth over £110 Million to engineer, construct and install a turnkey power system to efficiently connect up to 336 megawatts of clean energy from the Galloper Offshore Wind Farm off the coast of Suffolk, U.K., to the British grid. The contract was awarded by…


IHC Project Reaches Major Milestone

A project to build one of the world’s largest pipe laying systems has reached a major milestone with the arrival of the main tower section at Port of Blyth. The structure, designed by IHC Engineering Business, part of Royal IHC, and weighing almost 1,000 tonnes, has been shipped in from…


​Extension of Skipper Licence

Independent Oil and Gas plc, the North Sea focused oil and gas company, is pleased to announce that following discussions with the UK Oil & Gas Authority, the Skipper Licence P1609 Block 9/21a has been formally extended until 31 December 2016. As previously indicated, IOG intends to drill the appraisal…


​Dynamic Industries Receives Contract Award for Deck and Jacket

Dynamic Industries, Inc. a leading fabrication and service provider to the global oil, gas and energy industries, announced a new award for the refurbishment of a 500 ton production platform and 300 ton jacket, achieved by accelerating delivery dates accomplished by utilizing Dynamic’s large inventory of used structures. The offshore…


​Clough Awarded Second Hook-up Contract for INPEX-led Ichthys Project

Clough today announced that Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME) has awarded a contract for the hook-up services on the Ichthys LNG Project Floating, Production, Storage and Offloading (FPSO) facility. The Ichthys FPSO is a 336 metre long, permanently moored and weather-vaning vessel designed to hold more than…


​McDermott Awarded Installation Contract for Deepwater Gulf of Mexico Subsea Tieback

McDermott International, Inc announced it has been awarded a subsea umbilical and flowline installation contract by Anadarko Petroleum Corporation in support of its Phase II development of the Caesar/Tonga field located in the U.S. Gulf of Mexico.Caesar/Tonga Phase II is being developed as a subsea tieback to the Anadarko-operated Constitution…


Kosmos Energy Announces Significant Gas Discovery Offshore Senegal

Kosmos Energy announced today that its Guembeul-1 exploration well, located in the northern part of the St. Louis Offshore Profond license area in Senegal, has made a significant gas discovery.Located approximately five kilometers south of the basin-opening Tortue-1 gas discovery (renamed Ahmeyim) in approximately 2,700 meters of water, Guembeul-1 was…


Shell Wins Shareholder Approval to Purchase BG Group

Royal Dutch Shell Plc won shareholder approval to buy BG Group Plc, sealing its biggest acquisition amid the worst oil-industry slump since the global financial crisis.More than 80 percent of Shell shareholders voted in favor of the transaction, the company said in a regulatory statement. Most votes were cast by…