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North Sea

Rowan Wins North Sea Contract

Rowan Companies won a term drilling contract for use of the Rowan Gorilla VII in the North Sea commencing in August 2005. The contract provides for a one-year term with a minimum work commitment of nine months, and includes an option for a second year. Rowan estimates that contract revenues, based on a one-year term, will be approximately $65 million. As previously reported, Gorilla VII is currently carrying out decommissioning activities on the Ardmore Field in the North Sea which the Company expects to conclude during July.


Tidewater Sells North Sea Boats

Tidewater Inc. will sell its North Sea safety-standby boats to BUE Marine Limited of Edinburgh, Scotland. The $40 million all-cash deal is expected to close by late June. The 28 safety-standby boats were obtained by Tidewater as part of earlier acquisitions. This type of rescue vessel is required for oil and gas entities operating in the North Sea.


Sharp Rise Seen in North Sea Decommissioning

Decom North Sea (DNS), the organization which represents the North Sea’s oil and gas decommissioning industry, has welcomed changes in the budget which will boost the sector, leading to new jobs and investment in new equipment.   With annual decommissioning expenditure in the North Sea forecast to top £1billion within a few years and a total of about £35billion due to be spent over the next 20 to 30 years, DNS had called for the budget to provide long-term certainty


BP Selects Offshore Automation Contractor of Choice

BP Exploration selects Emerson Process Management as automation contractor of choice for North Sea oil & gas operations Emerson will be BP’s preferred supplier of integrated control and safety systems for five offshore fields in the U.K. continental shelf, including the new Clair Ridge platforms and the Quad 204 floating production, storage and offloading vessel. Emerson’s selection as contractor of choice builds on an earlier agreement in which the company was named a Main


UK North Sea Gas Discovery 'Significant' Say E&P

E.ON Exploration & Production's (E&P) Tolmount gas discovery in the UK North Sea could contain significantly higher volumes than originally estimated, making it one of the largest discoveries made in this part of the North Sea for several years. The recently completed appraisal well reached its targets within time and budget on 6th July. A 855 m side-track was completed on 30th July, 2013.   "This successful discovery in UK is an important step for our growing upstream


BP, Conoco Cutting North Sea Jobs

Oil majors BP and ConocoPhillips will cut over 500 jobs in the North Sea following similar moves by rivals to reduce costs in one of the world's most expensive exploration areas as oil prices tumble. Although the cuts are relatively small for companies with dozens of thousands of employees, they come at a politically sensitive time in Britain as the Scottish independence debate continues and a May parliamentary election looms.


WesternGeco Awarded Contract

ExxonMobil Exploration has awarded WesternGeco a multiproject Q-Marine contract to cover three ExxonMobil assets in West Africa, the Gulf of Mexico, and the North Sea. Q is the WesternGeco proprietary suite of advanced seismic technologies for enhanced reservoir location, description, and management. The surveys will be conducted by the Geco Topaz and the Western Neptune, two of the four WesternGeco Q-Technology vessels


North Sea Output Reduced 70,000 bpd

Royal Dutch/Shell is said to have cut its North Sea oil output by 70,000 bpd after lightning cut power to a natural gas plant.


Divorce Costs Could Sour Scotland's North Sea Hopes

By Karolin Schaps, Reuters Scottish nationalists are betting $2.5 trillion of hydrocarbons trapped miles beneath the North Sea could bankroll an independent Scotland, but winning control of the European Union's largest oil reserves would be no blank cheque. Scotland says the bulk of Britain's North Sea oil and gas reserves are in its waters, while London says any division would be subject to negotiations should Scots vote to end their 307-year-old union with England in a referendum on


Transocean to Create New Offshore Drilling Company

Image courtesy of Transocean

Transocean Ltd. says that it intends to pursue the creation of an entity comprising 8 of its UK North Sea midwater drilling rigs.  The new entity, Caledonia Offshore Drilling Company (Caledonia) is expected to be established during the second half of 2014. The offshore drilling assets currently contemplated for transfer to Caledonia include the following rigs: Sedco 704, Sedco 711, Sedco 712, Sedco 714, Transocean John Shaw, Transocean Prospect, GSF Arctic III and J.W. McLean.


Subsea 7 Bags $150 million Offshore UK Contract Maersk

Image: Subsea 7 SA

 Offshore contractor Subsea 7 has been awarded a $150 million subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil for the development of the Culzean field in the UK North Sea.   The ultra-high pressure, high temperature field


CTruk Delivers Wind Farm Support Vessel

Photo: CTruk

Shipbuilder CTruk Boats, a manufacturer of composite wind farm support vessels (WFSV), has delivered the second workboat in a two-craft order from CWind.   The MPC22 WFSV CWind Spirit was officially named at a ceremony in Ipswich and is the latest addition to a stable of nearly 30 WFSVs


3Si Group Launches Offshore Division

Photo: 3Si Offshore

3Si Group, whose global portfolio of marine safety products and services covers commercial, leisure and military markets, has announced the formation of 3Si Offshore, a division that will specifically focus on the North Sea offshore sector.


AET Names DP Shuttle for Statoil Charter

Petroleum tanker owner and operator AET today named its newest vessel, a 120,000 DWT DP2 shuttle tanker, Eagle Bergen.    Eagle Bergen is the second of two vessels built by Samsung Heavy Industries to the standards required to operate on the Norwegian continental shelf


Routine Turbine Handling in Offshore Conditions

Photo: JD Neuhaus

The Gerritsen On- & Offshore Services BV company have handled a routine turbine maintenance procedure being undertaken on an offshore location in the Southern North Sea. This involved four of their personnel, utilizing an air operated hoist unit manufactured by the J D Neuhaus company for


Fugro's GeoWing Trial Successful

  Fugro has undertaken successful trials of its new GeoWing, a system designed to detect low ferrous content unexploded ordnance (UXO) items in challenging marine environments. The new GeoWing system is especially beneficial for subsea construction projects


Damen Delivers Twin ‘Axe Bow’

FCS 2610 Merel-G WEB.jpg

Damen Shipyards Group operates 32 shipbuilding and repair yards, employing 9,000 people worldwide. This ubiquitous name in global shipbuilding has delivered more than 5,000 vessels in more than 100 countries and delivers some 160 vessels annually.


SUNY Maritime to Host e-Navigation Conference

SUNY Maritime College will host the 2015 e-Navigation Underway North America Conference September 28-30 in New York   It is likely that regions like the Baltic, the North Sea, the Strait of Malacca, Torres Strait and other areas will implement e-Navigation services that modern ships


Maersk Seeks to Shut Janice in UK North Sea

Janice (Photo: Maersk Oil)

Maersk Oil said on Wednesday it would seek regulatory permission to shut its Janice installation, which produces around 7,000 barrels per day (bpd) from three UK North Sea oilfields, as the Danish firm reviews its operations due to falling oil prices.  


Shell Charters Regalia in 2016

Regalia (Photo: © Prosafe)

Prosafe announced it has signed a contract worth approximately $24 million with Shell U.K. Limited for the provision of the Regalia semi-submersible accommodation vessel at the Brent C platform in the U.K. sector of the North Sea. The short duration contract commencing in the second quarter of


Ecopetrol, JX Nippon Team Up to Explore Brazil Offshore

BLOQUE BRASIL FZAM320

  Ecopetrol reports it has established an Alliance with Japan’s JX Nippon Oil & Gas Exploration through its affiliate in Brazil, Ecopetrol Óleo e Gás to explore the FZA-M-320 block, located in shallow waters of the Foz Amazonas basin on the equatorial margin of the


Oil Steadies as Equities Rally

Recovering stock markets boost oil prices; U.S. crude on track for first weekly gain in nine weeks. Oil prices steadied on Friday after bouncing back from six-and-a-half-year lows on recovering equities markets, strong U.S. economic growth and news of low crude supplies from Nigeria.


Optimistic on VLCC Market

Graphic: Charles R. Weber

 Shipbroker Charles R. Weber is quite optimistic on the future prospects of the VLCC market for 2016 onwards.   The demand is expected to remain elevated with spot voyages generating around 940 bln ton-miles per quarter, on average, during 2016 – around 1


Harkand: Expanding the Fleet, Growing a Global Business

The DP2 multi-purpose service and ROV vessel, the Siem Spearfish, operates globally.

International inspection, repair and maintenance (IRM) company Harkand aims to be a $1 billion company. MR’s Tom Mulligan recently met with John Reed, the company’s CEO, to discuss his vision for the future and how Harkand aims to achieve its goal of being the leading subsea IRM and


SMOE Wins $1bln Multi-platform Culzean Contract

Image: Sembcorp Marine

 Singapore's offshore services provider Sembcorp Marine has won an engineering, procurement and construction (EPC) contract worth over USD1 billion for the Culzean field development project in the North Sea.   Sembcorp Marine subsidiary SMOE construction contract  will cover the






 
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