Norwegian investment firm Akastor and Japan's Mitsui have entered into a memorandum of understanding which could see the Japanese firm, together with potential partners, invest in oilfield services firm AKOFS Offshore. The move could…
DOF Subsea's newbuild light intervention vessel the Skandi Vinland has started a 10-year contract with Husky Energy of the east coast of Canada. Under the contract, the DOF Subsea team based in St. John's will supply inspection, maintenance and repair (IMR) services over 10 years…
Barakah Offshore Petroleum Berhad’s wholly-owned subsidiary PBJV Group won a US$14.28 million contract from Samling Resources for the provision of well intervention vessel, support vessel and services for abandonment and decommissioning of Chinguetti and Banda field…
Helix Energy Solutions Group's Siem Helix 1 light well intervention vessel has started operations offshore Brazil on contract to Petrobras. However, Helix has agreed with Petrobras to started operations at reduced day rates, as it works…
In an industry first, achieved last year, 3M ceramic sand screens were deployed from a light well intervention vessel, Helix’s Well Enhancer. Deploying the screens offshore last year. Photos from 3M…
Oceaneering International signed a long-term agreement with Mærsk Supply Service to provide eight work-class remotely operated vehicles (ROVs), survey and associated services, including subsea tooling, engineering, communication and data solutions…
Global science-based technology company, 3M has completed a global oil and gas industry first by deploying its Ceramic Sand Screens using a light well intervention vessel instead of a full rig. The North Sea contract was the first time…
Intervention specialist Helix Energy Solutions has sold its Helix 534 vessel to a third party for approximately US$2.8 million. The vessel, a DP2 modified drillship, which Helix bought from Transocean in 2012, and converted in Singapore…
The Subsea Services Alliance, a collaboration between Schlumberger and Helix, have launched the development of the first riserless open water abandonment module (ROAM). The 18¾-in large bore system will enhance well abandonment capacity…
Aberdeen-based Helix Well Ops (UK) Ltd. completed the industry’s first riser-based coiled tubing intervention project from a mobile offshore drilling unit (MODU) class light well intervention vessel (LWIV). The Well Enhancer…
In advance of OE’s 2016 Deepwater Intervention Forum, held in Galveston, Texas, Audrey Leon discusses the next game-changing technologies with the forum’s board members. The Helix Well Enhancer…
Jerry Lee takes a look at Weatherford’s new subsea wellhead connector, which allows operators to use vessels of opportunity for P&A work, reducing the cost of decommissioning operations. Clients…
Well intervention focused firm Helix Energy Solutions Group says it is expecting to see an improvement in activity in the second half of the year, after posting a US$10.7 million Q2 loss ($2.6 million loss in Q2 2015). The firm said its well intervention revenues increased 30% in Q2 of 2016…
Despite slower than anticipated demand for well intervention services, service firms are ploughing ahead with new designs and solutions to help operators get more out of their wells. Elaine Maslin highlights some of the activity in the market…
Helix Energy Solutions announced in its 3Q results that its net income fell nearly 87% from US$75.6 million in 3Q 2014 to only $9.9 million for 3Q 2015. However, the drop is all about perspective. The company reported a net loss of 2.6 million in 2Q 2015…
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