Video: Load-out and commissioning of IHC pipelay system
Royal IHC has delivered a J-Lay system following one of the most complex mobilisation operations ever seen in the North East of England, according to the company. The system will be installed onto ZPMC’s multi-purpose...Read more
Aker Solutions posts better than expected results
Aker Solutions has recorded better than expected second-quarter results. Cost-saving measures and increased activity in existing projects have led to higher revenue, earnings and order-intake than anticipated following the outbreak of Covid-19. Read more
PD Ports awarded major pipeline contract by Saipem
PRESS RELEASE – PD Ports has won a major pipeline contract with global oilfield services company Saipem to service the Tolmount gas field, one of the largest undeveloped gas discoveries in the Southern North Sea.Read more
Mammoet completes large 2-year construction project in Nigeria
With the installation of a 1,240-tonne propylene bullet, Mammoet has completed a large-scale construction project at the Dangote Refinery and Petrochemical complex in Nigeria. For two years, over 100 Mammoet engineers were on-site to transport...Read more
Shell to write off 20 billion dollars in assets, plans major reorganization
Royal Dutch Shell is preparing a major reorganization in response to the new oil crisis, which sees the company write off at least 20 billion dollars in assets in the previous quarter. “We will likely...Read more
BP sells petrochemical business to Ineos for 5 billion dollars
BP has agreed to sell its global petrochemicals business to Ineos for a total amount of 5 billion dollars. The sale will strengthen the company’s balance sheet while the oil major is reinventing itself to...Read more
Mammoet creates beach landing to deliver in Sakhalin
Mammoet created a custom beach landing solution to deliver 22 pieces of equipment to the onshore processing facility compression site of the Sakhalin-2 project in Russia. In addition to the lack of infrastructure, the Dutch...Read more
Equinor awards TechnipFMC with EUR 166 million in contracts
PRESS RELEASE – Equinor has awarded TechnipFMC with several large pipelaying and subsea installation projects on the Norwegian continental shelf (NCS). The companies signed two firm contracts for the Breidablikk and Snorre Expansion projects and...Read more
Allseas removes third platform from Brent field
PRESS RELEASE – Allseas’ heavy lift vessel Pioneering Spirit has completed its first decommissioning job of this summer, the single-lift removal of Shell UK’s Brent Alpha platform from the North Sea. Read more
Heavy Lift Group moves 7 heavy pieces with an Antonov plane
The Heavy Lift Group has flown 340 tonnes of oil & gas equipment to Kuwait in a last-minute workaround in regards to Covid-19. Divided over three flights, the company used an Antonov AN-124 aircraft to...Read more
Wagenborg and Niestern Sander to build icebreaking Walk-to-Work vessel
PRESS RELEASE – Shipyard Royal Niestern Sander and Wagenborg Offshore have been contracted to build the world’s first shallow draft icebreaking Walk-to-Work vessel. Following delivery in December 2021, Mercury Sakhalin will operate the vessel on...Read more
Maersk Supply Service awarded North Sea decommissioning contract
Maersk Supply Service has been awarded a contract by Fairfield Betula Limited for the removal of the Dunlin Alpha platform’s subsea conductors and guide frames.Read more
United Shipping Group plans further fleet expansion
It’s been a busy year for United Shipping Group, launching a new heavy transport company, expanding into the US and growing its vessel fleet. And the German project carrier is not finished yet, managing director...Read more
Barnhart spreads 362-tonne column across two bridges
PRESS RELEASE – Barnhart has moved a 60-metre long column weighing 362 tonnes from Freeport to a fracking unit at a refinery in Texas. The column was so large that the company had to use...Read more
United Heavy Lift moves 8,000-tonne turret
United Heavy Lift has safely moved an 8,000-tonne turret for Equinor’s new Johan Castberg FPSO. The turret is designed by SBM Offshore and will now be shipped from Drydocks World Dubai to Singapore where the...Read more
Scana Offshore wins contract for Equinor’s new floating wind farm
PRESS RELEASE – Kvaerner has awarded Incus-owned Scana Offshore a contract for the supply of mooring equipment to Hywind Tampen, Equinor’s new floating wind farm. The contract is Scana Offshore’s first hardware contract in the floating...Read more
OPEC+ agrees on record production cut
OPEC and its allies have agreed to cut oil production by 9.7 million barrels per day starting May 1st. The record cut is aimed at stabilizing the oil price which has dropped dramatically due to...Read more
Market doubts record production cuts of OPEC+ will be enough
OPEC+ yesterday revealed plans for record production cuts of 10 million barrels per day but the deal currently hinges on Mexico, which did not agree with the proposed cuts. Even if OPEC+ does reach consensus,...Read more