UK-based subsea services firm Reef Subsea is to split up into three independent companies after its January buyout by Norwegian private equity outfit Hitecvision. The three new companies will be Reef Subsea, X-Subsea, and Technocean Subsea…
Technip has entered into an agreement to divest a majority stake of at least 51%, up to 75%, in Seamec Ltd. HAL Offshore Ltd., India at a consideration of Rs 97 per share (US$27 million for 51% stake and up to $40 million for 75% stake). This…
Dubai-based rig and platform builder Lamprell has set an official Guinness World Record for the heaviest load moved by self-propelled modular trailers (SPMTs) as part of the Golden Eagle platform project (pictured). Lamprell’s contract was for a production…
Aker Solutions and Baker Hughes Incorporated have agreed to form an alliance to develop technology for production solutions that will boost output, increase recovery rates, and reduce costs for subsea fields. The non-incorporated alliance…
Offshore oil and gas decommissioning forum Decom North Sea (DNS) has appointed a new chief executive. Nigel Jenkins (pictured) will take up the post on July 1 and replaces Brian Nixon, who is retiring after playing an instrumental role…
Siem Offshore Contractors, a wholly-owned subsidiary of Siem Offshore, has been awarded the contract for the turnkey supply and installation package of the inner array grid cable system for the Nordsee One Offshore Wind Farm (OWF), a project developed by RWE Innogy…
A multidisciplinary consortium of six private and public organisations from five European countries, led by the French wind power firm ASAH LM, will develop a floating wind turbine concept (SPINFLOAT) based on GustoMSC’s Tri-Floater. Other members include: SSP Technology…
McDermott International has signed an agreement with PD Ports which paves the way for McDermott to operate a spoolbase to serve projects in the North Sea. McDermott says it expects to have the facility, at the Port of Hartlepool, northeast England…
Netherlands-based Airborne Oil & Gas has secured an order for multiple flexible risers and jumpers from OneSubsea. Applying the Thermoplastic Composite Pipe (TCP) concept, the flexible risers and jumpers will be used for acid stimulation…
Irish oil and gas exploration firm Providence Resources has been offered a follow-on Frontier License (FEL) on the Newgrange area. Newgrange lies in about 1000m water depth in the Goban Spur basin, 260 km off the south west coast of Ireland…
A Petrofac-Siemens consortium is to provide the BorWin3 offshore wind farm grid connection in the German North Sea under a contract with TenneT. Petrofac will be responsible for the construction and offshore installation of the BorWin3 platform…
The Dolphin Geophysical seismic vessel, Artemis Atlantic, is currently acquiring 1500km of 2D seismic data in Blocks 1, 2 and 3 of Area 3 north of Malta. Malta's Minister for Transport and Infrastructure, Joe Mizzi, visited the vessel while it was berthed at Valletta Harbour…
Norwegian shipbuilder Havyard has signed a contract for the construction of a hybrid diesel-electric platform supply vessel (PSV) for Icelandic offshore shipping company Fafnir Offshore. The vessel (pictured), based on the new Havyard 833 WE ICE design…
Wood Group has acquired Cape Software, a Texas provider of simulation software and services for operator training and logic validation for SCADA and DCS industrial control systems used by the oil and gas and other process-based industries…
There can be no doubt that the UK North Sea will remain an important region for oil and gas for years to come. Most of its fields are expected to remain economically viable until 2020 at the earliest, and high oil prices have given a boost…
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