Giant Pioneering Spirit vessel gets second lift system

Offshore contractor Allseas has equipped its giant heavy-lift vessel Pioneering Spirit with a second unique lift system capable of removing and installing complete offshore jackets weighing up to 20,000 t in one go. Pioneering Spirit vessel; Source: Allseas Allseas said in an update on Wednesday that the installation works of the “Jacket lift system” (JLS) […]

CGG wins seismic imaging hat-trick from BP

French seismic player CGG has been awarded three seismic imaging projects by oil major BP. Illustration (Courtesy of CGG) The CGG’s scope of work will cover two deepwater projects in Gulf of Mexico, and another offshore Trinidad & Tobago. These projects will start in Q1/Q2 this year, and complete with cloud delivery of the data […]

Robots could save billions in drilling costs but risk oil & gas jobs, Rystad says

Robots could replace hundreds of thousands of oil and gas jobs and save billions in drilling costs by 2030, according to a report by Rystad Energy, a Norwegian energy intelligence firm. Even when the Covid-19 downturn is finally past us, operators will have to continue exploring new avenues for cost reductions to be better equipped […]

Sapura Energy in $2.5bn debt refinancing

Malaysian energy services provider Sapura Energy has sealed the deal with a group of banks for a $2.5 billion debt refinancing for the duration of seven years. Sapura said on Tuesday that its subsidiary, Sapura TMC, had executed multi-currency financing facilities agreements (MCF 2021) to refinance its existing borrowings. The MCF 2021 was signed with […]

Fugro agrees $16M Seabed Geosolutions sale

Dutch survey contractor Fugro has reached a binding agreement with PXGEO Seismic Services to sell certain assets and the related business of its non-core subsidiary Seabed Geosolutions for $16 million in cash. Mark Heine, CEO at Fugro (Courtesy of Fugro) The divestment includes Seabed’s ocean bottom node (OBN) inventory, handling equipment, related technology and order […]

Prysmian inks € 200 million export cable contract for Sofia offshore wind farm

Prysmian Group and RWE Renewables have finalised the contract for the export cable connection of the 1.4 GW Sofia offshore wind farm, worth more than € 200 million. The contract, which follows the preferred bidder agreement from November 2020, includes the development of the turn-key high voltage submarine and land export cable connection for the […]

PGS secures 3D survey work offshore Egypt

Norwegian seismic player PGS has been awarded a high-fidelity 3D exploration survey by a supermajor offshore Egypt. The Ramform Tethys vessel (Courtesy of PGS) The survey will be acquired using an Extended Long Offset (ELO) configuration with Ramform Tethys vessel towing a wide multi-sensor GeoStreamer spread with an additional source vessel located several kilometers ahead. […]

Nexans, Bureau Veritas join forces to lower offshore wind export cable risks

Bureau Veritas (BV) and Nexans have signed a partnership agreement to reduce risk and promote best practices for turnkey deliveries of high voltage power cables used for connecting offshore wind farms to onshore grids. With insurers’ studies confirming that high voltage power cables are among the most critical elements of offshore wind farms, the reliability […]

Santos takes FID on $3.6bn Barossa gas project

Australian energy giant Santos has taken a final investment decision (FID) to proceed with Barossa, the $3.6 billion gas and condensate project, located offshore Australia. Santos is the operator of the Barossa gas field, which is located 300 kilometres offshore Darwin in Australia. The company said on Tuesday that the Barossa FID also kick-starts the […]

SMD conducts SeaRex upgrade for Prysmian

Subsea robotics design and manufacturing specialist Soil Machine Dynamics (SMD) has delivered a multi-million-pound upgrade to the SeaRex trenching vehicle for the Italian cabling giant Prysmian. SeaRex trenching vehicle (Courtesy of SMD) SMD delivered two new cassettes for the upgraded BT2100 SeaRex tracked vehicle, including a wheel cutter and a chain cutter, enabling the trenching […]