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Aker Solutions to Trim Salaries

February 14, 2016

Aker Solutions will temporary reduce wages of its Norwegian maintenance, modifications and operations (MMO) employees, the company said Thursday. Starting in March, senior management will see their pay lowered by 10 percent while the remainder of the staff will see reductions of 5 percent. The adjustments will be reviewed after 12 months. “We are leaving no stone… Continue Reading »

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IPAA: Industry Must Be Willing To Ask Politicians Tough Questions

February 13, 2016

Regardless of which party captures the crowning jewel of American politics in November, the energy industry’s challenges from the federal government will continue well beyond the Obama Administration’s tenure in the White House. That’s from Dan Naatz, senior vice president of governmental relations and political affairs with the Independent Petroleum Association of America (IPAA), who… Continue Reading »

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Subsea 7, NOV Scoop Sea Lion FEED Awards

February 13, 2016

Subsea 7 and National Oilwell Varco (NOV) have won the front end engineering and design (FEED) contracts for the Sea Lion project, Rockhopper Exploration informed today. Namely, the FEED contract for SURF transport and installation has been awarded to Subsea 7, while NOV scored the flexibles FEED deal. The Sea Lion project, located offshore Falkland… Continue Reading »

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EMGS Slumps to Loss

February 13, 2016

Norway’s Electromagnetic Geoservices (EMGS) has plunged into the red in the fourth quarter of 2015 on weak market and restructuring charges related to the company’s cost reduction program. The Oslo-listed company posted net loss of USD 24.1 million, compared to net income of USD 13.1 million in the same period of 2014. EMGS has eneded… Continue Reading »

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Technip Confirms Statoil Contracts

February 13, 2016

Technip was awarded by Statoil two contracts for infield pipeline construction for the Johan Sverdrup Development and the Oseberg Vestflanken 2 projects. The first development phase of Johan Sverdrup field, one of the largest oil fields in the North Sea, is targeted to be on-stream in 2019. The Oseberg Vestflanken 2 project is a development… Continue Reading »

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Hyperbaric welding explained

February 13, 2016

Hyperbaric welding is the process of welding at elevated pressures, normally underwater.[1] [2] Hyperbaric welding can either take place wet in the water itself ordry inside a specially constructed positive pressure enclosure and hence a dry environment. It is predominantly referred to as “hyperbaric welding” when used in a dry environment, and “underwater welding” when… Continue Reading »

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Australian Maritime College to Build AUV Research Base

February 13, 2016

Australian Maritime College (AMC) at the University of Tasmania plans to build a new $750,000-facility dedicated to development of underwater robotic technologies. AMC’s autonomous underwater vehicle (AUV) facility will be home to a fleet of robots used to survey the ocean’s depths and collect scientific data on research missions. “This is an exciting new development for… Continue Reading »

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SBM Offshore Says US Authorities Re-Open Corruption Probe

February 12, 2016

SBM Offshore, the world’s top oil production ship leasing company, said on Wednesday that U.S. authorities had re-opened an inquiry into bribery allegations involving the Dutch company. SBM Offshore reached a record $240 million settlement in November 2014 with Dutch and U.S. authorities relating to corruption charges in Angola, Brazil and Equatorial Guinea, involving an… Continue Reading »

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Rana Wins FSO Gaza Diving Job

February 12, 2016

EMAS AMC has hired Italian diving specialist Rana to provide diving services for the installation and hook up of the new floating storage and offloading (FSO) vessel Gaza. The FSO Gaza will replace the FSO Sloug at Bouri field located 120 kilometers north of the Libyan coast in the Mediterranean Sea. The diving services will be carried… Continue Reading »

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