Latest News

£2 Billion Scottish Offshore Wind Farm Ready to go to Construction

Offshore wind farm set to spend £1.1billion in Scotland and create more than 600 jobsMainstream Renewable Power today announced it is in exclusive discussions with a consortium led by power company InterGen, whose European headquarters are in Edinburgh, to take its 450 megawatts offshore wind farm to financial close and…


​Kenli 10-4 Oilfield Commences Production

CNOOC Limited today announced that the Kenli 10-4 oilfield has commenced production.The Kenli 10-4 oilfield is located in the South of Bohai with an average water depth of approximately 15 meters. In addition to fully utilizing the existing facilities of Kenli 10-1 oilfield, the Kenli 10-4 oilfield also included the…


​Rolls-Royce sells 100th Launch and Recovery System (LARS)

Rolls-Royce has won a contract to supply its 100th and 101st Launch and Recovery Systems (LARS). The contract signed with DOF Subsea, will see the latest two systems installed aboard the DOF Subsea Skandi Neptune.Rolls-Royce Launch and Recovery Systems allow the deployment and recovery of remotely operated vehicles (ROVs) to…


​Multiple ROV Contract to IKM Subsea Singapore

IKM Subsea has been awarded two contracts in the region for providing ROV services to different clients.The first is a repeat contract after a successful campaign in 2015. IKM Subsea Singapore has been awarded a subcontract for ROV services onboard a Derrick Lay Barge. The duration of the contract is…


​Clough Secures Hook-Up Contract for the INPEX-led Ichthys LNG Project

Clough today announced that Samsung Heavy Industries Co. Ltd. (SHI) has awarded a contract for hook-up services on the Ichthys LNG Project Central Processing Facility (CPF). The Ichthys CPF will become the world’s largest semi-submersible platform with a topsides weight of 70,000 tonnes.The scope of work includes the preparation and…


JDR Awarded North Sea Umbilical Contract

JDR has been awarded a contract by Marathon Oil for the design and manufacture of 11.3 kilometres of power and static subsea umbilicals with accompanying termination hardware for the West Brae field.The full scope of the award will be manufactured and deployed from JDR’s Hartlepool, UK facility where they are…


​TEN Project FPSO En Route to Ghana

FPSO Prof. John Evans Atta Mills, which will produce and store oil from Ghana’s Tweneboa-Enyenra-Ntomme (TEN) offshore oil fields, begins its voyage to GhanaThe floating production, storage and offloading (FPSO) vessel has been under construction in Singapore since October 2013. The departure of the vessel on schedule is an important…


​FMC Technologies Awarded $180 Million Subsea Systems Contract

FMC Technologies, Inc. announced today that it signed an agreement with Woodside for the design, manufacture and supply of subsea production systems for the Greater Western Flank Phase 2 (GWF-2) Project as part of the North West Shelf (NWS) Project in Western Australia. The contract is valued at approximately $180…


​Aker Solutions to Deliver FPSO Concept Study for Johan Castberg Field

The order is a call-off by Statoil on an engineering contract for Johan Castberg won by Aker Solutions in 2013."We've worked with Statoil for two years on finding a cost-effective solution that will enable development of this strategically important oil field in northern Norway," said Per Harald Kongelf, head of…


Research Reveals 86% of Oilfield Services Industry Expecting Deals

A desire to capitalise on distressed situations, grow international market share and acquire new technology will drive a surge in M&A activity in the global oilfield services sector during 2016, according to major new research from international law firm Pinsent Masons.The survey of 200 senior executives across the oilfield services…


​Installation of First Foundations at Rampion Offshore Wind Farm

Following the accomplished offshore wind projects Humber Gateway and Amrumbank West E.ON continues to battle the elements. The company has announced that the first turbine foundation for Rampion project in the UK will be installed this week. The project remains on schedule, despite adverse weather conditions that already disrupted enabling…


Forum Subsea Rentals Signs Global Agreement for Aquatec’s LEAKlog

Forum Subsea Rentals, a subsidiary of Forum Energy Technologies, Inc, and Aquatec Group Ltd are pleased to announce the signing of a global agreement for the rental of Aquatec’s proven LEAKlog™ leak detection and inspection suite. The Aquatec LEAKlog leak detection sensors are utilised for routine inspection and surveillance of…


​Heads of Terms Signed for an Upstream Partner in the Fortuna FLNG Project

Ophir has signed a non-binding Heads of Terms Agreement with Schlumberger whereby Schlumberger will, subject to due diligence, definitive documentation and Government approval, receive a 40% economic interest in the Fortuna FLNG project, offshore Equatorial Guinea. Ophir and Schlumberger will now work towards signing a definitive agreement, which is expected…


SeaTrepid International LLC Orders Six Hugin AUV Systems

Kongsberg Maritime AS has announced the sale of 6 HUGIN AUV Systems. The vehicles will be operated by SeaTrepid International LLC. of Louisiana, USA and supported by Deep Ocean Search Limited.The AUVs are rated to 6000 metres. They have a comprehensive sensor suite including triple frequency sidescan sonar, KONGSBERG's de…


SSE Sells Further 10% of Beatrice Offshore Windfarm

SSE has today confirmed the sale of a further 10% stake in the Beatrice offshore wind farm to joint venture partner Copenhagen Infrastructure Partners (CIP).The news marks another key step in the project’s preparation for construction, in advance of the upcoming final investment decision due in March 2016. SSE (40%)…


​Aker Solutions Starts Pioneering CO2-Capture Project in Norway

The project is the first of its kind globally for a waste-to-energy plant and comes after Aker Solutions in December signed a contract with the city government. The project is funded by Gassnova, the state enterprise that supports the development and demonstration of technologies to capture carbon dioxide (CO2)."This is…


​Lundin Petroleum to Sell FPSO Bertam

Lundin Petroleum has announced that it has entered into an agreement to sell the FPSO Bertam to M3nergy. Lundin Petroleum will receive a cash consideration of USD 265 million, based on a transaction effective date of 1 January 2016. Lundin Petroleum and M3nergy have entered an agreement under which Lundin…


​Contract Extension for FPSO Umuroa

BW Offshore has received a one year contract extension for the lease and operation of the FPSO Umuroa. The FPSO is operating on the Umuroa field offshore New Zealand for AWE.The firm period has been extended to Q4 2017 (from Q4 2016).Source: BW Offshore


​BW Athena to Demobilise in February

BW Offshore and Ithaca Energy have agreed on a termination of the FPSO BW Athena, and the unit will be demobilised in February 2016.The Athena field is located in the Moray Firth area of the UK Continental Shelf. BW Athena has had an uptime of 98% since first oil in…


​Wood Group Strengthens Commissioning Capabilities Through Magma Collaboration

Wood Group has established a collaborative agreement with international engineering consultancy, Magma Products (Magma) to extend its existing commissioning service. Headquartered in Aberdeen and specialising in the field of commissioning and start-up, Magma's services and software system will complement Wood Group's global commissioning experience.Under the collaboration, Wood Group and Magma…