Red Marine, based in Hexham, has completed a qualification testing program on a new vent valve for FMC Technologies. The program to validated the performance of the vent valve against industry standards including ISO 10423 (API 6A). Used during workover operations…
Danish energy group DONG Energy has made a final investment decision (FID) to build the giant Hornsea Project One offshore wind farm. Once built, Hornsea will be the world's first offshore wind farm with more than 1000 MW capacity. Located 120km off the Yorkshire coast…
Norwegian giant Statoil handed out several contracts worth more than US$185 million (NOK 1.6 billion)for its Oseberg Vestflanken 2, Johan Sverdrup, and Ging Krog fields offshore Norway. CEO Steinar Riise is signing the contract for Ocean Installer…
2015 was a wake-up call and 2016 is probably going to be our most challenging year, this morning’s Subsea Expo was warned. Subsea UK CEO Neil Gordon. Image from Subsea UK Twitter. And the future isn’t looking much easier…
Aberdeen-based Plexus Holdings has secured an order from Talisman Malaysia for the supply of a wellhead system for an exploration well offshore Malaysia. This order with Talisman is the first to be awarded to Plexus’ Malaysian joint venture company…
Subsea 7 has won a three-year frame agreement, with four one-year options, for six North Sea clients: Chevron North Sea, Dana Petroleum (E&P), Hess Denmark, Nexen Petroleum UK, Talisman Sinopec Energy UK and TAQA Bratani. Under the frame agreement…
CGG has been awarded an extension to a major 3D seismic survey it successfully completed on the Caribbean coast offshore Colombia in late 2015. The new survey follows on from the original over 16,000sq km survey CGG conducted over portions of the Col-1 and Col-2 blocks…
It's new engineering consultancy io's first year at Subsea Expo. We spoke to the firm's COO Mark Dixon about the show and the wider industry. What brings you to Subsea Expo? In our first year of business as io, the oil price has…
Allspeeds has supplied Webtool Emergency Disconnection Tools (EDT) to AKOFS Offshore for its subsea equipment orientation system (SOES) used to install subsea trees, the firm revealed at Subsea Expo, Aberdeen, today. The Webtool EDT is…
BP has informed Oceaneering that it has terminated its contract with the Bourbon Oceanteam 101 vessel, effective May 2016. The vessel had been hired by the supermajor to work offshore Angola. Prior to the early termination notification…
ExxonMobil is moving quickly to spud a well at its Liza discovery, offshore Guyana, in addition to several major projects that are set for start-up in the next two years. Image from Exxon. Exxon…
Lundin Petroleum secured up to US$5 billion in a seven-year deal to fund the company’s stake in Statoil’s giant Johan Sverdrup project, offshore Norway. Johan Sverdrup rendering. Image from Lundin Facebook…
Anadarko Petroleum posted a full year net loss of nearly US$7 billion, with the anticipation of cutting its initial 2016 budget by some 50%. Mozambique operations. Image from Anadarko. For Q4…
A new set of standards for the design and operation of tidal turbines has been published based on the outputs of a project in the Energy Technologies Institute’s (ETI) marine technology program. The new certification standards will apply…
BP has reported a 91% drop in Q4 2015 earnings, revealing the impact of the lowest oil prices in more than a decade on the business, and says oil prices look set to 'continue to be challenging in the near term.' The firm's full year underlying profit was a loss of $5…
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