Latest News

Concessions Extended in Egypt: New Investment for DEA in the Gulf of Suez

DEA has extended its concessions for the Ras Budran and Zeit Bay oil fields in the Gulf of Suez. At a formal ceremony event, witnessed by H.E. Eng. Tarek El-Molla the Egyptian Minister of Petroleum and Mineral Resources, DEA’s General Manager Sameh Sabry signed the new concession agreement. The new…


2019: Subsea looks to Future Innovations

Neil Gordon, CEO of Subsea UK, tells InnovOil about how innovation will add value and drive the future of the North Sea.Full article here.


Green Marine Storms Into Offshore Wind

Green Marine has expanded its fleet by recently purchasing a Damen Twin Axe 26m long CTV named the “Green Storm”. The vessel will focus on servicing the Offshore Wind industry, providing safe transportation of personnel and cargo to offshore installations. The company has made this significant investment to meet the…


SABCA and DEME Offshore Enter in a Partnership to Deploy Drone Inspection Services for Offshore Wind Farms

SABCA, a leading tier 1 aerospace industry supplier and DEME Offshore, a worldwide leader in solutions and services for the offshore energy market, have entered into a partnership for the development and deployment of Unmanned Vehicles to perform surveillance and inspection works in the offshore industry.Complementing each other’s core experience…


ECA Group Delivers its H300 ROV for Intervention on Immerged Structures in France

Satif Ouvrage d’Art, a French private service company has been delivered a H300 ROV, equipped with a scanning sonar and an imaging sonar, both mounted on a specific skid to conduct inspection and intervention tasks on immerged structuresService companies operating with ROV’s in lakes or rivers works often in turbid,…


Offshore Wind Energy Revolution to Provide a Third of all UK Electricity by 2030

- Industry to invest £250 million including new Offshore Wind Growth Partnership to develop the UK supply chain as global exports are set to increase fivefold to £2.6 billion by 2030- a third of British electricity set to be produced by offshore wind power by 2030- part of the government’s…


Glomar Offshore Fleet Expansion

Glomar Offshore announced the purchase of the 2008 built Bourbon Arethuse and the 2009 built Bourbon Amilcar Subsea Support vessels, which are to be renamed Glomar Worker and Glomar Supporter, respectively.After modifications and upgrades in our yard in Gdynia, Poland (Globaltic Marine), they will be dedicated to serving Glomar Offshore's…


Morrison Expands Pipelay Barge, Construction and Diving Fleet

MORRISON announced that the company has acquired two pipelay/construction barges and a saturation diving system, effectively doubling the size of their pipelay barge fleet and increasing their saturation diving capabilities.MORRISON’s new assets include:- LB Super Chief, a 265 ft x 72 ft ABS-classed pipelay barge with accommodations for 93 personnel.…


Opportunity North East and Scottish Enterprise – SME Decommissioning Programme

Opportunity North East (ONE) and Scottish Enterprise (SE) have jointly developed a programme to assist the oil and gas supply chain to maximise emerging opportunities within offshore decommissioning. The programme identifies forthcoming project opportunities with sponsor operators and enables the supply chain to propose solutions in response to these on…


Jadestone Energy 2019 Guidance Outlook

Jadestone Energy Inc., an independent oil and gas production company focused on the Asia Pacific region, provided guidance for 2019. The Company has posted an updated corporate presentation to its website www.jadestone-energy.com/presentations.2019 Outlook- Average crude oil production expected to be between 13,500—15,500 bbls/d- Average production for February 2019 of 15,369…


Russia: Total Signs Definitive Agreements for Entry into Arctic LNG 2

Total announced that it has signed the definitive agreements with Novatek for the acquisition of a direct 10% interest in Arctic LNG 2, a major liquefied natural gas development led by Novatek on the Gydan Peninsula, Russia.Taking into account Total’s 19.4% stake in Novatek and Novatek’s intention to retain 60%…


Rystad Forecasts a Boom in Xmas Trees

A rapid rise in subsea tree installations is projected for the global offshore industry in the coming years, as operators are poised to boost expenditure substantially on subsea equipment and installation.After activity levels fell to only 240 subsea trees installed globally in 2017 – the lowest level since the turn…


Ghana: New PGS MegaSurvey Supports 1st Licensing Round

This new PGS MegaSurvey targets prospective acreage for Ghana’s 1st Offshore License Round and will assist with the evaluation of the opportunities. First data will be available in Q3, 2019.The Ghana MegaSurvey consists of 22 600 sq. km of 3D data and 24 000 line km of 2D data, extending…


Swan Hunter Concludes Norther Export Cable Storage Project

Swan Hunter have successfully executed the final workscope of the Norther Offshore Windfarm Export Cable Storage Project at the storage and spooling yard, Vlissingen, The Netherlands.The last sections of spare array and export cables were transpooled from the Van Oord CLV Nexus, and the DOC-Swan Hunter 4750Te onshore basket carousel,…


DOF Subsea Contract Awards

DOF Subsea has been awarded various contracts, securing utilisation for vessels in the Subsea IMR Projects segment: The Atlantic region has been awarded a contract by the Norwegian Mapping Authority regarding Hydrographic services for the MAREANO 2019 program. The specialized survey and IMR vessel Geograph will be deployed on the…


Subsea 7 Awarded Three Contracts by Woodside

Subsea 7 announced the award of three contracts by Woodside since December 2018. Each contract is for engineering studies and includes an option for Woodside to proceed to the execute phase with an engineering, procurement, construction and installation (EPCI) contract.The contracts are for:- SNE Field Development-Phase 1, offshore Senegal (SNE)(1)-…


Boskalis and Kotug Sign LOI to Sell Kotug Smit Towage to Boluda

Royal Boskalis Westminster N.V. (Boskalis), together with its co-shareholder Kotug International B.V. (Kotug), has signed a letter of intent (LOI) relating to the sale of Kotug Smit Towage to Boluda Group (Boluda). Under the terms of the LOI, the total (100%) enterprise value of Kotug Smit Towage is valued at…


Plexus Holdings PLC's Russian Licensee Awarded Gas Exploration Drilling Contract by Gazprom

Plexus Holdings PLC, owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, announced its Russian licensee, LLC Gusar, has secured its first major contract to supply POS-GRIP rental wellhead gas exploration equipment to Gazprom, the global energy giant.The contract covers the first year of an up to five-year jack-up…


Pioneering Spirit to be Temporarily Employed for North Sea Platform Lift Work

The heavy lift and pipelay vessel Pioneering Spirit will temporarily lay down pipe in the Swedish Exclusive Economic Zone to carry out a long term planned platform lift work in the North Sea. This third-party engagement was already stipulated in the contract with Allseas signed in April 2017. Pioneering Spirit…


EMGS Provides Update on Multi-client Letter of Intent

Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA (EMGS) on 22 February 2019, announcing that the Company had received a multi-client letter of intent with an approximate value of USD 8 million. EMGS and the customer, Equinor Energy AS, has entered into final contracts under…