Neptune employs Fugro for subsea inspection in North Sea
Neptune Energy has awarded a subsea inspection contract to geo-data specialist, Fugro, which will employ remote monitoring technology to survey subsea structures at the Cygnus gas field in the UK’s southern North Sea. Fugro’s scope of work includes inspection of subsea infrastructure including pipelines and umbilicals, spools and communication cables, and standard structural surveys of […]
Shearwater consolidates OBN market position
Shearwater has through its first deep-water ocean bottom node (OBN) survey project demonstrated its strategic positioning in the OBN market. In March, Shearwater secured its first deep-water OBN award. The project was launched in the second quarter, breaking the cost curve by implementing a wide-tow triple string and triple source configuration. Shearwater CEO Irene Waage […]
Oceaneering strengthens presence in Angola with new contract win
Oceaneering International’s Asset Integrity group has received a three-year contract from Cabinda Gulf Oil Company (CABGOC), a Chevron subsidiary. Oceaneering will provide inspection services onshore Cabinda, Angola, and offshore Angola on Blocks 0 and 14. The contract is scheduled to begin in Q2 2020. This award follows a recent contract win for inspection services for […]
Jill begins geotechnical investigations at Thor offshore wind project
Fred. Olsen Windcarrier’s jack-up vessel Jill has started the geotechnical investigations at the Thor offshore wind project in the Danish North Sea. Jill completed the first borehole drilling out of 20 in total at the site located west of Nissum Fjord, 20km from the shore. As reported in mid-April, Fred. Olsen Windcarrier secured a contract by Denmark’s […]
McDermott International exits bankruptcy through Lummus sale
U.S. engineering and construction services company McDermott International has completed its restructuring process by shedding nearly all of the company’s $4.6 billion of funded debt. McDermott said on Tuesday that it emerges from bankruptcy with $2.4 billion in letter of credit capacity and $544 million of funded debt. Exiting bankruptcy, which the company filed for […]
Forum reorganizes executive team – Offshore Energy
Forum Energy Technologies has, as part of its continuing cost reduction plan, reduced and reorganized the corporate executive team. Changes to the executive team will be effective July 10, 2020. D. Lyle Williams Jr., who joined Forum in 2007, will be the executive vice president and chief financial officer. Most recently he served as Forum’s senior vice […]
Shearwater in new seismic projects in India and Brazil
Shearwater GeoServices has secured two new projects, a seismic survey and processing contract by Oil India, and a project by CGG in Brazil as part of the five-year capacity agreement. The project for Oil India is a combined 3D and 2D towed streamer seismic acquisition and processing contract in the Andaman Sea and Kerala-Konkan coastal […]