Offshore Activity - page 637

Statoil returns Greenland licenses

Jan 27, 2015

Norwegian explorer Statoil returned three licenses off the west coast of Greenland this month, the company confirmed. The reduction follows the company’s announcement last February that it would cut back on Arctic exploration efforts to control capital expenditures…

DNV GL opens China office

Jan 26, 2015

DNV GL has opened up a new office in Nanjing to support business growth in the area and be the center for operations in Central China. DNV GL celebrated the opening of its new office in Nanjing. Image from DNV GL…

Okeanus acquires DT Marine winches

Jan 26, 2015

Okeanus Science and Technology added three types of DT Marine winches to its fleet of oceanographic and marine scientific rental equipment. The winches can be outfitted with various types of cable and synthetic rope to perform nearly…

EnQuest ups production

Jan 23, 2015

North Sea oil independent EnQuest is expecting its 2015 production to be at least 10% above previous expectations, and announced a 40% cut in capital spending, easing concerns the firm could breach debt covenants.  EnQuest said 2014 production was up 17% compared to 2013…

Large scale consolidation looms

Jan 23, 2015

Oil and gas operators will need to cut costs by US$170 billion, or 37%, to maintain net debt at 2014 levels at a Brent oil price of $60/barrel, analysts Wood Mackenzie said this morning (23 January). Wood Mackenzie also says large-scale…

PPE opens new Texas facility

Jan 22, 2015

Precision Polymer Engineering (PPE) announced the official opening of its new manufacturing facility in Brenham, Texas on 12 February 12 2015. The new site, which began production in November 2014, manufactures high performance compression…

J+S installs HsV on CNR Lyell MPBP

Jan 21, 2015

J+S created a bespoke engineering solution to terminate HV connectors complete with pigtails onto an existing umbilical. The solution required replacement of a single 3-phase connector with separate phase connections to each core. J+S enabled an in-field assembly onto the existing umbilical…

Schlumberger acquiring interest in Eurasia

Jan 20, 2015

Schlumberger and Eurasia Drilling (EDC) entered into an agreement in which Schlumberger will acquire 45.65% interest in EDC in a US$1.7 billion deal. The agreement extends the successful long-term relationship enjoyed by the two companies within the strategic alliance signed in 2011…

Acteon creates new subsea group

Jan 20, 2015

Acteon announced the start-up of Clarus Subsea Integrity Inc., a new group company created from 2H Offshore’s subsea integrity business segment. Based in Houston, USA, the new company will commence operations in January 2015 and plans to expand globally…

CNIM gets Petrofac contract

Jan 19, 2015

Petrofac awarded CNIMa contract to design, build and commission a cooling system consisting of two custom-made absorption chillers to be installed aboard Petrofac’s new JSD6000 deepwater derrick lay vessel. The JSD6000 will be available in 2017…

Hydro Group makes US$454,000 subsea investment

Jan 19, 2015

Aberdeen-based, Hydro Group invested US$454,000 in state-of-the-art machinery, by installing and commissioning an advanced armoring line at its facility in Bridge of Don, Aberdeen, enabling the company to offer cable products which will improve and support subsea operations…

Saipem 7000 receives J-Lay tower

Jan 15, 2015

Fairmount Marine’s Fairmount Expedition tug delivered the biggest component of the 120m high J-Lay tower for one of the world’s biggest crane vessels, Saipem 7000, offshore Burgas, Bulgaria. The tower component was loaded on Saipem’s cargo barge S42…

Drilling, deals, start-ups fell in 2014

Jan 15, 2015

Deloitte’s Petroleum Services Group’s latest North West Europe Review has revealed a drop in drilling, deals and new field start-ups in 2014. Deloitte says the drop in drilling was consistent with expectations, given recent trends and market conditions…

Tullow, ExproSoft continue Wellmaster contract

Jan 14, 2015

Tullow Oil signed a contract in 2014 with ExproSoft for the continued use of WellMaster – the global well equipment reliability database. By tracking the failures of all their active wells, the operator enables increased production and reduced…

AVEVA opens Saudi Arabia office

Jan 14, 2015

AVEVA opened a new office in Saudi Arabia to strengthen its presence in the Middle East and further enhance its growing global network. The office will offer sales and support for all of AVEVA’s solutions and services, with particular focus on owner operators (OOs) and engineering…

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