Israel's Delek Group has made a US$524 million offer for UK independent explorer and producer Ithaca Energy. The offer, a 12% premium on Ithaca's last closing price on the Toronto Stock Exchange, would see Delek take over Ithaca's UK North Sea portfolio…
DOF Subsea has been awarded a three-year inspection, maintenance, and repair (IMR) frame agreement with one of the major oil and gas companies in the In Asia Pacific region. DOF Subsea has recently secured a safety case for Geoholm…
Oil & Gas UK has launched new guidelines, aimed at simplifying subsea developments. Realizing the potential of the North Sea’s “small pool” reserves could be helped by its guidelines, Oil & Gas UK says. The launch follows a call…
Wintershall is to develop the Skarfjell field in the Norwegian North Sea via a subsea tieback to the nearby Engie-operated Gjøa platform. The Gjøa platform. Image from Engie/Jan Inge Haga. Skarfjell is in the northeastern North Sea…
The Industry Technology Facilitator (ITF) is welcoming additional participants to a new joint industry project (JIP) to develop pipeline anchoring and monitoring systems which could mitigate the risk of pipeline walking and cut pipeline anchor installation costs in half…
British subsea companies are expecting to increase overseas activity in the next 12 months, according to a survey conducted by industry body, Subsea UK. Of the 300 member companies surveyed, 27% are predicting increasing exports by 50% or more in 2017…
Newly formed subsea firm M² Subsea has opened its new office in Aberdeen and created 30 jobs. The business, which secured private equity investment towards the end of 2016, has moved people and equipment into premises in Arnhall Business Park at Westhill in Aberdeenshire…
Members of the International Marine Contractors Association (IMCA) with vessels active in US waters, together with their clients, have expressed serious concern over the hasty proposals by the Customs and Border Protection agency to revoke…
The floating production, storage and offloading (FPSO) vessel is set to depart for Ghana to work on Eni's Offshore Cape Three Points (OCTP) development offshore Ghana after being named. The 1.7 MMbbl capacity John Agyekum Kufuor was named after Ghana’s President Emeritus…
Newly merged Aberdeenshire-based Underwater Engineering Services (UES) and Houston-headquartered Seanic Oceans Systems secured its first contract in Tunisia, a region which neither firm had previously operated in. UES…
Shell welcomed a hefty 136% increase to its full-year 2016 income, as the supermajor looks ahead to strengthen its finances in 2017. Image of Malikai, from Shell. The Anglo-Dutch firm reported an income of nearly US$4…
Fugro has been awarded a framework contract in the Asia Pacific region for inspection, repair and maintenance (IRM) services. Under this contract, IRM services can be called off as needed by the client. The total value of the contract is estimated at around US$86…
TGS started the Otos multibeam survey and the first stage of a seep and geochemistry program in the US Gulf of Mexico. The survey is designed to mirror the successful Gigante multibeam and seep study in the Mexican Gulf of Mexico, conducted in 2016…
Deep Sea Supply has been awarded extensions of the time charter contracts for the PSVs Sea Flyer and Sea Forth, in addition to a six month (plus options) contract award for the PSV Sea Tantalus for operations in the UK Continental Shelf for Apache North Sea…
Subsea 7 has taken delivery of the Seven Arctic and Seven Kestrel, successfully completing a substantial and targeted fleet investment program that has added six newbuild vessels to the Subsea 7 fleet since 2014. Image of the Seven Kestrel…