EPCI contractor McDermott International and Accra, Ghana-based Hydra Offshore Group have joined forces to create a new joint venture called, McDermott Marine Construction Ghana Limited (MMCGL), focused on opportunities offshore Ghana. McDermott's partner…
The latest EIC Monitor report once again shows a significant decline in the levels of contracting activity across the global upstream sector in Q1 2015. Despite the overall number of contracts being awarded dropping, the value of some is substantial…
Keynvor MorLift (KML) added a second Saab Seaeye Cougar XT to their ROV fleet. Cougar XT ROV with detachable tooling skid. From KML. This new addition comes fully containerized and can be easily transported…
Applus RTD has been awarded a contract from Heerema Marine Contractors as part of the Kaombo development offshore Angola. As part of the largest ultra deepwater subsea, umbilicals, risers, flowlines (SURF) development, Applus RTD will…
OneSubsea is getting a piece of BP’s West Nile Delta Taurus Libra development offshore Egypt by snagging a multi-million dollar subsea contract. Image from OneSubsea. The scope…
Fugro set a new seafloor drill water depth record of 2923m (9589ft) while completing a combined sampling and piezocone penetration testing (PCPT) borehole to 62m (203ft) below the seafloor. Fugro seafloor drill…
Strong performance in its subsea business has helped Technip offset “unsatisfactory” onshore and offshore revenues despite industry headwinds, the firm’s CEO Thierry Pilenko announced today. But, the chairman of France’s Technip, which recently launched a new subsea joint venture…
FTO Services shows its riserless light well intervention at work in this video. Riserless light well intervention is able to reduce well intervention costs by eliminating the need to use a drilling rig and it also increases the number of well interventions that can be performed…
MacGregor, part of Cargotec, has been awarded a contract by Fujian Mawei Shipbuilding Ltd. for two subsea knuckle boom cranes to be installed on the world's first seabed mining vessel. Delivery of the cranes is scheduled for 1Q 2017. The…
This week commemorates the fifth anniversary of one of the worst oil spills in US history. On 20 April 2010, 11 lives were lost when BP’s Macondo well blew out, spilling millions of barrels of oil, igniting not just a fire, but change within the oil and gas industry…
A DNV GL-led subsea production systems (SPS) joint industry project (JIP) involving 20 industry players has made a major step forward in addressing this global industry with the first issue of a recommended practice (RP). “The JIP group…
Tampet awarded UK-based Global Marine Systems Ltd. two contracts in the North Sea, designed to further enhance high-capacity communications networks in the area and entail highly skilled route survey, cable installation and protection services…
London headquartered oilfield services firm Petrofac says its loss on the west of Shetland Laggan Tormore project is to reach US$360 million in 2014-2015 amid delays and industrial action. Petrofac's work on the project, a 125km subsea…
China's Zhuzhou China South Rail Times Electric completed a £130 million acquisition of the UK-based ROV and trenching equipment manufacturer Specialist Machine Developments (SMD), also known as Soil Machine Dynamics. Zhuzhou specializes…
Ezra Holdings’ subsea services division, EMAS AMC, has won multiple new awards from various oil and energy companies worth approximately US$55 million. The Lewek Constellation. From EMAS. The scope of work includes project support…
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