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…
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…
A joint venture between DOF Subsea and Technip has been awarded contracts to build and operate four new pipelay support vessels (PLSV) for Brazil's Petrobras. Two of the PLSVs will have a 300-ton laying tension capacity and will be fabricated in Brazil…
Otto Energy Ltd. is drilling two horizontal wells in the second phase of development at Galoc field offshore the Philippines. The wells are being batch drilled in 311 m of water. Otto projects the Galoc-5H and Galoc-6H development wells will be drilled to a total vertical depth of 2…
International Maritime Associates (IMA) and Energy Maritime Associates (EMA) have completed an in-depth analysis of the floating production sector. The inventory of floating production systems is now at 269 units – FPSOs account for 61% of the existing systems…
Estaleiro Enseada do Paraguaçu (EEP) has awarded ALMACO Group a contract for the complete living quarters on six drillships to be used in the Brazilian pre-salt ultra-deep layers drilling program. ALMACO’s scope includes the construction…
The second largest offshore wind farm in the world, costing £1.3 billion and generating enough clean electricity to power over half a million homes, was officially opened by UK energy and business minister Michael Fallon today. Greater Gabbard…
A group of divers have completed specialist coded welding trials at a leading north-east Scotland oil and gas industry support and training facility to prepare them for work in the Norwegian sector. The Aberdeen-based National Hyperbaric Centre (NHC)…
Rowan Companies plc entered into a three-year contract with Cobalt International Energy, L.P. for the Rowan Reliance, a new ultra-deepwater drillship currently under construction at the Hyundai Heavy Industries Co. Ltd. (HHI) shipyard in Ulsan…
Tullow Ghana Ltd. awarded Modec subsidiary TEN Ghana MV25 B.V. contracts for the supply, charter and lease, operations and maintenance of a FPSO vessel for the Tweneboa, Enyenra, and Ntomme (TEN) fields in the Deepwater Tano contract area…
COSCO Corp. Ltd. has been active completing vessels and signing new construction contracts. The company announced that COSCO (Qidong) Shipyard Co., Ltd has delivered the jackup barge, IB914, and the transportation barge, IB924, to an Australian company…
The floating production sector has been especially active over the past several months. Ten production floaters have been ordered since March, reports International Maritime Associates Inc. (IMA). Contracts include a $3 billion FPSO for Nigeria (a record price for an FPSO)…