Wärtsilä is acquiring L-3 Marine Systems International (L-3 MSI) from L-3 Communications Holdings in a US$353 million deal. L-3 MSI is a business sector within L-3's Electronic Systems business segment primarily focused on the commercial ship industry…
Alphastrut completed a seven-figure contract with BP for its Clair Ridge project. Image from BP. The Alphastrut aluminium system was successfully installed on the BP Clair Ridge accommodation module…
Peak Well Systems (Peak) commissioned two new ISO test facilities in Perth (Western Australia) and Aberdeen (UK). The new facilities provide a controlled environment in which to test downhole plug systems under extreme conditions for prolonged periods of time…
The Swiss-based Allseas Group selected Sonardyne’s Ranger 2 Ultra-Short Baseline (USBL) acoustic positioning system for the world’s largest pipelay and platform installation/decommissioning vessel, Pieter Schelte. The Ranger 2 USBL system…
Chevron’s subsidiary Star Deep Water Petroleum awarded FMC Technologies a US$268 million contract to provide subsea equipment for operations for the Agbami field’s Phase 3, offshore Nigeria. The Agbami FPSO…
Wood Group PSN (WGPSN) has said it is cutting the rates paid to its UK-based limited company offshore and onshore contract workers in response to 'cost efficiency challenges affecting the UK North Sea oil and gas sector.' In addition…
Freeport-McMoRan Oil & Gas and partner Pura Vida Energy are planning to drill an up to US$136 million well offshore Morocco targeting 'well over' 1.4-3 billion barrels total gross mean resources. The well, Mazagan-1 (MX-1), which contains the Ouanoukrim prospect…
Norway-based ship builder Vard is to design and build a new offshore subsea construction vessel for fellow-Norwegian firm Farstad Shipping. The 98m-long, 21.5m-beam vessel will be of VARD 3 17 design has been developed especially for subsea and inspection…
ExxonMobil's subsidiary Esso Australia has started a five-well drilling campaign at the Turrum field as part of its ongoing investment in Bass Strait to develop new gas supplies. The AU$335 million investment in drilling four gas wells and one oil well follows the start-up of the $4…
SBM Offshore CEO Bruno Chabas has said the firm is well positioned to weather the current down-turn in oil prices thanks to 90% of its backlog consisting of lease and operate income with dayrates not dependent on oil prices or production levels…
Norwegian geophysical firm TGS has appointment Kristian Johansen to a newly created role - Chief Operating Officer (COO) - effective 1 February 2015. Johansen joined TGS in 2010 as Chief Financial Officer. Before joining TGS, Johansen…
Subsea 7 has been awarded a contract by the Hess Corporation for installation work in support of the Stampede Project in deepwater US Gulf of Mexico. The scope of work involves installation of flowlines, steel catenary risers, umbilicals…
Statoil and partners are investing US$610 million in its latest fast-track project to develop the Rutil discovery that aims to extend the lifetime of the Gullfaks A platform and provide approximately 80MMboe. Ivar Aasheim…
Technip Umbilicals gives a look at its umbilicals operations. The group has four manufacturing sites: Houston (US), Lobito (Angola) and Tangjung Langsat (Malaysia) and its newest location in Newcastle (UK). Umbilicals form the…
The Origin Energy-operated BassGas joint venture is one step closer in the BassGas Mid Life Enhancement (MLE) project after completing the Yolla offshore platform heavy lift stage, off southeast Australia. BassGas offshore platform…
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