Ongoing low oil prices and reduced spending by oil majors are continuing to hurt the oil industry, with a new round of layoffs in full swing. But, some, at least, are seeing the possibility of light at the end of the tunnel. The gloom…
Aker Solutions has secured two five-year framework agreements for potential future deliveries of subsea production systems and lifecycle services at BP-operated oil and gas fields globally. The first five-year contract covers engineering…
Ulstein Design & Solutions and SeaOwls BV have formed a partnership to jointly develop the next generation self-propelled heavy lift jackup vessel. Image of van Leeuwen, Snijders. From Ulstein…
Huisman, a specialist in lifting, drilling and subsea solutions, secured a contract from Japan Marine United Corp. for the delivery of one 800-tonne pedestal mounted crane (PMC) and a contract from Jurong Shipyard for the delivery of one 100-tonne pedestal mounted offshore crane (PMOC)…
Singapore's Sembcorp Marine has agreed to buy the remaining 30% stake in Sembmarine North Sea that it doesn't already own. The firm owns UK fabrication yard Sembmarine SLP, once SLP Engineering, and will allow the yard to expand its footprint in the UK…
Wood Group has secured a five-year contract to continue providing engineering, procurement, construction and maintenance services to the Hibernia platform, offshore Newfoundland, from Hibernia Management and Development Co. (HMDC). The…
Certification and technical services firm ABS and South Korean shipbuilder Samsung Heavy Industries (SHI) has concluded a joint development project (JDP) for a new tension leg platform (TLP) design. The new TLP hull concept, the Samsung Enhanced hull for Tendon (SET) TLP…
Subsea 7 has been awarded a substantial contract on the BP-operated deepwater Atoll field offshore Egypt. Atoll, a 1.5 Tcf and 31 MMbbl condensate field, in 900m water depth in the North Damietta Offshore Concession in the East Nile Delta…
Royal IHC has signed a new contract for the engineering, procurement and construction (EPC) of a tandem mooring and offloading system for a floating, storage and offloading (FSO) vessel. Image from Royal IHC…
Kvaerner can deliver such projects at a cost which is attractive even with oil prices at levels around US$50/bbl, but the timing of new projects remains uncertain, says Norwegian engineering and fabrication group Kvaerner. The firm,…
Trelleborg’s engineered products operation has successfully completed its supply of floatover equipment for the Petronas NC3 gas field, located in Block SK316, 200km north of Bintulu, Sarawak in Malaysia. Trelleborg provided PAPE Engineering…
Aker Solutions won a contract from Statoil to build the pipeline facilities, modifications and tie-ins needed at the Mongstad terminal to receive oil from the North Sea Johan Sverdrup field. The contract, valued at about US$42.5 million (NOK 350 million)…
Maersk Oil has awarded a long-term contract to Lloyd's Register (LR) for a comprehensive suite of asset integrity services to support the development of Maersk Oil’s offshore operations in an efficient, safe and environmentally responsible manner…
The 2MW SR2000 tidal turbine, developed and manufactured by Scottish engineering company Scotrenewables Tidal Power, has been installed on its moorings for the first time at the European Marine Energy Centre (EMEC), Orkney as part of site commissioning and testing…
Saudi Aramco's offshore projects department has awarded a long-term agreement (LTA) to National Petroleum Construction Co. (NPCC) of Abu Dhabi for the execution of its offshore development program. It is the fifth LTA awarded by Saudi Aramco…