Tag Archive

Successful C-Kore deployment for Bibby Offshore

Successful C-Kore deployment for Bibby Offshore

May 23, 2018 No Comments

C-Kore Systems has recently deployed their subsea testing tools units with Bibby Offshore for work on a field located in the North Sea. The use of the C-Kore’s units generated significant time savings, compared to previous testing performed from the platform. The C-Kore Cable Monitor units are used on both commissioning and fault-finding campaigns to […]

Sembcorp Marine’s Floating Storage and Offloading vessel with a 40-year hull lifespan

Sembcorp Marine’s Floating Storage and Offloading vessel with a 40-year hull lifespan

May 9, 2018 No Comments

FSO Ailsa, the world’s first Floating Storage and Offloading (FSO) vessel with a 40-year hull lifespan, will set sail next month for the Culzean gas field in the UK North Sea. Newly completed at the Sembcorp Marine Tuas Boulevard Yard for MODEC, a leading specialist of offshore oil and gas floating production systems, and with […]

BP delivers strong 1Q profit

BP delivers strong 1Q profit

May 9, 2018 No Comments

Underlying replacement cost profit* for the first quarter of 2018 was $2.6 billion, compared with $1.5 billion for the same period in 2017, a rise of 71%. Operating cash flow excluding Gulf of Mexico oil spill payments* in the quarter was $5.4 billion including a $1.8 billion negative impact from an increase in working capital […]

Statoil award contract in excess of one billion NOK for IMR services

Statoil award contract in excess of one billion NOK for IMR services

May 9, 2018 No Comments

Statoil is awarding Subsea 7 Norway AS a five-year contract for IMR services to be carried out by the Seven Viking vessel for subsea operations on the Norwegian continental shelf (NCS). Subsea 7 will provide inspection, maintenance and repair (IMR) services for Statoil’s 560 subsea wells on the NCS. The service includes onshore project planning […]

DNO Expands Kurdistan Operations

DNO Expands Kurdistan Operations

April 26, 2018 No Comments

DNO ASA, the Norwegian oil and gas operator, announced expansion and acceleration of operations in the Kurdistan region of Iraq while building up its North Sea exposure. First quarter revenues, the highest in nearly four years, stood at USD 142 million and net profit at USD 18 million. The Company exited the quarter with cash […]

Saipem awarded new contracts worth approximately 190 million USD in total

Saipem awarded new contracts worth approximately 190 million USD in total

April 24, 2018 No Comments

Saipem has been awarded new contracts in Offshore Drilling involving the sixth-generation semi-submersible rig Scarabeo 8, suitable for harsh environments. Drilling activities will take place offshore Norway, and will last approximately 10 months, excluding options. The first contract refers to the award by A/S Norske Shell of an optional well in relation to the contract […]

North Sea will see 30 crude and natural gas projects start operations by 2020

North Sea will see 30 crude and natural gas projects start operations by 2020

April 17, 2018 No Comments

Despite the low cycle that the market is facing, a total of 30 crude and natural gas projects are expected to start operations in the North Sea by 2020. The UK will lead with a total of 20 projects, followed by Norway with 9 and Denmark with a single project, according to research and consulting […]

Proserv Awarded contract by Repsol

Proserv Awarded contract by Repsol

April 17, 2018 No Comments

Proserv has secured a contract worth over $5.5million (45million Norwegian Kroner) with Repsol to upgrade and build new subsea production control equipment for the Yme field redevelopment in the Norwegian North Sea. The award scope initially covers the refurbishment and upgrade of the existing subsea control system. Using Proserv’s unique technology and expertise, the life […]

BP commits to two new North Sea developments

BP commits to two new North Sea developments

April 10, 2018 No Comments

BP today announced that it has committed to two new North Sea developments which are expected to produce 30,000 barrels gross of oil equivalent a day at peak production. Alligin and Vorlich are satellite fields located near to existing infrastructure meaning they can be quickly developed through established offshore hubs. Alligin, a two-well development west […]

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BP award Alligin development  contract to Subsea 7

BP award Alligin development contract to Subsea 7

April 10, 2018 No Comments

BP today also confirmed that it has awarded a major contract for the Alligin development to Subsea 7, which will provide project management, engineering, procurement and construction services for the subsea pipelines. Subsea 7 will deliver the contract from its Aberdeen base with offshore activities expected to get under way in 2019. Meanwhile, BP has […]

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