Kristian Siem was early in his career when in 1978, with the market at rock bottom, he formed an investment group to take a punt on a rig. Now 65, the founder and chairman of Siem Industries, and chairman of Subsea 7 and Siem Capital, as well as director of a host of other companies…
Unique fields deserve equally unique intervention solutions when production begins to wane, this was the challenge Stone Energy had to meet when it contracted Cross Group to develop new methodology and technology for its Pompano subsea production template…
Sir Ian’s Wood Report, published last year, identified technology as an integral component to ensuring the success of maximizing the economic recovery of the UK Continental Shelf (MER UK). As the Wood Report states, new field discoveries…
Chris Sparrow shows how using inflatable buoyancy for pipelaying operations could result in shallow-water savings. Inflatable buoyancy units during deployment on Wheatstone. Photo from Allseas…
Rotterdam was home to three giants of the sea in early March – offshore industry flagships, not least Allseas’ newly renamed Pioneering Spirit. Elaine Maslin took a tour. Pioneering Spirit’s lifting beams loom from its bows…
Floating production vessel operator BW Offshore and UK-based independent producer Ithaca Energy have agreed new terms for use of the BW Athena in the North Sea. BW Offshore and Ithaca Energy (on behalf of the Athena field co-venturers)…
UK-based engineering group Wood Group has been awarded a five year, US multi-million dollar contract by French operator Total, which includes the option for two, one-year extensions. Under the contract Wood Group PSN (WGPSN) will deliver engineering…
Oil prices are set to rise on average US$10/bbl annually towards 2020, with global liquids supply and demand balancing out in around two years, according to Oslo-headquartered oil and gas consulting and business intelligence firm Rystad Energy…
Strategic Marine delivered the StratCat multi-purpose service vessel (MSV) to Njord Offshore. The Njord Odin. Image from Njord. The MSV is capable of transporting up to 24 crew, and is a first in its class in three particulars…
Maersk Oil North Sea awarded Harkand a multi-million dollar contract for the provision of diving support vessel (DSV) services in the North Sea. Harkand Da Vinci. From Harkand. The 12-month contract covers well tie-ins…
North Sea oil and gas operators have committed to fund a search and rescue (SAR) helicopter service, supplementing national SAR cover for parts of the Central North Sea. The participating companies have awarded Bond Offshore Helicopters a US$88…
Atlantis awarded Lockheed Martin a construction contract for the tidal stream energy project, MeyGen, to deliver the 1.5 MW AR1500 turbine to fulfill the company’s MeyGen project turbine supply obligations. The 1…
Vertech is preparing to take delivery of its first specialist vessel as the company’s diving team enhances its capabilities for operations worldwide. Image from Vertech. The new 14…
Statoil awarded 2H Offshore a contract for tieback conductor, platform conductor and surface riser engineering analysis on the Johan Sverdrup field in the Norwegian sector of the North Sea. 2H had already conducted engineering studies…
Maclay Murray & Spens (MMS), the UK wide commercial law firm, has appointed Jill Reid, the former general counsel and company secretary of Dana Petroleum, as a partner to lead its oil and gas team in Aberdeen. Reid has worked her entire career in the oil and gas industry…