According to Douglas Westwood's new 'World Subsea Vessel Operations Market Forecast 2016-2020' report, the recent volatility of hydrocarbon prices, coupled with excessive newbuilding programs will result in low utilization impacting day rates and overall expenditure over the forecast period…
Njord Offshore have taken delivery of Njord Magni – the third 26m Quad IPS crew transfer vessel (CTV). Njord Magni is the third of four sister vessels to be delivered to Njord Offshore this year and is due to be shipped back to Europe from Singapore with Njord Thor in October 2015…
Eidesvik Offshore and Technip have entered into an agreement for the charter of the offshore construction vessel MV Viking Neptun for work to be performed on the TEN URF Development Project offshore Ghana. The firm contract period…
Husky Oil Operations Ltd. pulled the plug on its drilling contract with Seadrill for the West Mira vessel one week after Seadrill canceled the newbuild’s order with Hyundai Heavy Industries (HHI). West Mira illustration…
A hike in Petróleo Brasileiro’s (Petrobras) average production in oil and natural gas, in addition to pre-salt for the month of August set historic records for the Brazilian giant. Oil. Image from Petrobras…
A joint venture between Harkand and Consolidated Shipping Agencies (Conship) Ltd. has resulted in its first contract win in Ghana, West Africa. The award will see the delivery of onshore and offshore support to Technip in the region. Having formed a strategic alliance with Conship…
ABB ordered a new cable-laying vessel to be custom-built to ABB specifications and measure approximately 140m by 30m, and be constructed at Kleven shipyard in Norway. Delivery is expected in 2017. Image…
Schaeffler, a precision bearing manufacturer, will supply more than 240 ELGES spherical plain bearings with outside diameters ranging from 400mm to 1060mm, for the topsides lift system (TLS) on the Pioneering Spirit, a purpose-built ship…
Primeline Energy Holdings announced that its drilling contractor China Oilfield Service (COSL) started the mobilization of the rig for the drilling operation of LS23-1-1 well, in the East China Sea. Following the signing of the drilling…
Fugro has formed a strategic alliance with Coremar, a Colombian turnkey port, marine services, and logistics provider. The objective is to provide life-of-field solutions to the oil and gas industry in Colombia and the Caribbean, particularly in the delivery of geophysical…
Image: Aquatic's multi-reel solution designed to enable the barge to transit 250km to the project site/Aquatic Engineering and Construction Aquatic Engineering and Construction…
ExxonMobil subsidiary Esso E&P Nigeria started oil production earlier than planned at the Erha North Phase 2 deepwater subsea development project, offshore Nigeria. Esso North subsea structures…
Japan's MODEC has made its first entry into the North Sea thanks to a contract with Denmark's Maersk Oil. Maersk Oil's UK North Sea business has inked a contract with MODEC for the supply of a floating storage and offloading (FSO) vessel for the US$4…
Australia's Woodside has awarded Norway-based Aibel a front-end engineering and design (FEED) contract in connection with the subsea tie back to the Ngujima-Yin floating production, storage and offloading vessel. The Greater Enfield Development…
Red Marine delivered a high capacity load test system, to Technip, for the periodic load testing of the pipelay system onboard the Skandi Africa, a newly built pipelay and construction vessel. The vessel has been specifically designed for…