News Archive for Bowtech Product News, Oil and Gas News, Project News, Subsea News

Bowtech Products Ltd announces contract award with ROVOP to equip two ROV systems with high powered LED lights and underwater cameras

Bowtech Products Ltd, a global market leader in subsea vision systems, today announced that it has been awarded a contract by ROVOP to supply cameras and lights, which will equip two new ROV systems.

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Allspeeds supply decommissioning tools to Sellafield

Within the Sellafield Seascale site the Pile Fuel Storage Pond (PFSP) dates back to 1948, PFSP is the oldest fuel pond and is currently being decommissioned. In order to complete a decommissioning project at the PFSP, Sellafield Ltd needed a tool to cut multiple steel sections. Having known about the capabilities of Allspeeds, Sellafield Ltd approached them for a cutting solution. Click here to read more

Scana Industrier ASA announces new contracts to Scana Propulsion

Scana Industrier ASA has through its subsidiary Scana Propulsion AS signed new contracts with Kleven Maritime AS, Norway ad Rong Ta Trading Co. Ltd., Taiwan, for delivery of propulsion equipment at a total value of NOK 35 million. Read more…

Europe LNG markets to 2020 – analysis and forecasts of terminal wise capacity and associated contracts, LNG trade movements and prices

Research and Markets (http://www.researchandmarkets.com/research/v7rfkb/europe_lng_markets) has announced the addition of the “Europe LNG Markets to 2020 – Analysis and Forecasts of Terminal wise Capacity and Associated Contracts, LNG Trade movements and Prices” report to their offering. Read more…

URS awarded oil sands pipeline construction contract

URS Corporation (NYSE: URS) announced today that the Company’s Oil & Gas division has been selected as the pipeline construction contractor for a major Steam Assisted Gravity Drainage (SAGD) oil sands project in the Wood Buffalo Region near Fort McMurray, Alberta. The contract, which has a maximum value of approximately $130 million to URS, is expected to commence in the second quarter of 2012 and to continue until mid-2013. Read more…

Atwood Oceanics announces contract for the Atwood Hunter

ATWOOD OCEANICS, INC., announced today that one of its subsidiaries has been awarded a drilling services contract by a subsidiary of Noble Energy Inc. for the Atwood Hunter for three firm wells with a minimum total duration of 150 days plus one option well. The first well will be in a tax-free location in Cameroon at a dayrate of approximately $364,000, while the second and third wells will be in Equatorial Guinea at a dayrate of approximately $388,000. One priced option well has been provided which will be located in either Equatorial Guinea or Cameroon; this option well will be at the applicable rate and must be exercised prior to the spud of the second well. If the total program, inclusive of the option well, exceeds 155 days, then beginning on the 156th day the dayrate will increase to approximately $408,000 plus applicable corporate income tax. Read more…

Reef Subsea awarded seabed dredging contract by A/S Norske Shell on Ormen Lange for newly-built Scanmachine 4

Reef Subsea AS announced today that Scanmudring – one of its Norwegian subsidiaries – have been awarded by A/S Norske Shell a seabed dredging contract on Ormen Lange Mid-North field development. The task will be performed by the newly-built Scanmachine 4, the new generation of the highly experienced tool carrier developed and operated by Scanmudring. The water depth, challenging seabed conditions and high precision required in achieving the work are ideal to the new Scanmachine 4 capabilities.

The project objective is to perform final seabed preparation for pipelay within narrow geometrical tolerances (+/- 20cm) and with a curved route to follow. The dredging and rectification works will be achieved at the Ormen Lange Mid-North Field Development at a water depth of about 950m, with an uneven seabed mainly composed of hard clay. The contract has an option for similar work to be accomplished for Ormen Lange Further North development.

The Scanmachine 4, which has been available since January 2012, is the new generation of this robust, precise and flexible tool carrier platform. It has retained the existing proven design and added key improvements in technology and the ability to function in deep water up to 2500m. The Scanmachine 4 also benefit from a new generation of Control System to achieve high precision monitoring of the situation on the seabed. In this Project, the Scanmachine will be fully integrated with the Ormen Lange in-field LBL positioning system that improves positioning subsea.

Mark Preece, Reef Subsea Chief Executive Officer, said: “We are extremely pleased to have the brand-new Scanmachine 4 ready in time to support A/S Norske Shell on Ormen Lange challenging subsea gas field. Scanmudring has over the past few years performed work for Shell, sometimes repeatedly and as a subcontractor, on Inde, Draugen and Shearwater fields. The Scanmachine 4, which has been conceived for worldwide operations, has already found her market in one of the deepest and most demanding fields of the North Sea. We expect it to be attractive to all our clients around the world, who can now benefit from our extended presence and capabilities resulting from the friendly acquisition of Rotech Subsea and their current merger with Scanmudring”.

Reef Subsea AS is an international group providing cost-effective integrated subsea services to the Oil & Gas and Renewables industries. Its specialised subsidiaries – Technocean, Reef Subsea Power & Umbilical, Specialist Subsea Services and Scanmudring-Rotech Subsea – provide operators and contractors with highly experienced personnel, key subsea technologies and construction support vessels. Reef Subsea serves its clients in the deepwater or demanding environments of the North Sea, Americas, Middle-East and South-East Asia areas. Reef Subsea is a 50/50 owned company of GC Rieber Shipping and HitecVision.

Source: Reef Subsea

Scana Industrier announces contracts award for casting to offshore project

Scana Industrier ASA has through its subsidiary Scana Steel Stavanger, been awarded contracts from offshore contractor for delivery of mooring casting intended for the Australian and UK offshore sector. Read more…

Technip Awarded Major Flexible Pipe Frame Agreement by Petrobras

Technip (Paris:TEC) (ISIN:FR0000131708) was awarded a 5-year frame agreement contract from Petróleo Brasileiro S.A. (Petrobras) for the supply of around 1,400 kilometers of flexible pipes. The contract is effective today with supply starting in 2013 and orders are guaranteed for at least 50% of the total value, which is currently estimated to be worth around US$2.1 billion. Read more…

Orion Marine Group Announces a Contract Award of Approximately $32 Million

Orion Marine Group, Inc. (NYSE:ORN) (the “Company”), a leading heavy civil marine contractor serving the infrastructure sector, today announced a contract award of approximately $32 million. Read more…

Wintershall Norge annonunces consent to carry out exploration drilling with Songa Delta in well 35/9-7

Wintershall Norge ASA has received consent to carry out exploration drilling in the North Sea with the Songa Delta mobile facility. Read more…

CB&I Awarded Storage Tank Contract

CB&I (NYSE:CBI) announced today that it has been awarded a contract, valued in excess of US$60 million, by Battleground Oil Specialty Terminal Company, LLC (BOSTCO) for the engineering, procurement, fabrication and construction of storage tanks and associated works for its grassroots black oil storage terminal on the Houston Ship Channel. The work is scheduled for completion in 2013. BOSTCO is a subsidiary of Kinder Morgan Energy Partners, L.P. (NYSE: KMP). Read more…

Technip Awarded Two Contracts for the Jubilee Project in Ghana

Technip (Paris:TEC) (ISIN:FR0000131708) was awarded by Tullow Ghana Limited two contracts, worth approximately €100 million, for the Phase 1A of the Jubilee project. The Jubilee field is located offshore Ghana at a water depth of 1,300 meters. Read more…

Seadrill secures contracts for three jack-up rigs

Seadrill has secured new contracts for the three jack-up rigs Offshore Mischief, Offshore Defender, and West Leda. The aggregated revenue potential is estimated at US$311 million inclusive of mobilization fees and assignment specific rig modifications. Read more…

Horizon North Logistics Inc. announces new contract

CALGARY, Feb. 2, 2012 /CNW/ – TSX Symbol: HNL Horizon North Logistic Inc. (“Horizon”) announced today that it has entered into a contract for the provision of a new 600 person camp including accommodation, office and recreation facilities along with catering and camp management services for an oil sands project in the Fort McMurray, Alberta area. The
contract term is for 27 months with the first 200 beds expected to be in place by September 2012 with the full 600 beds being deployed by March 2013.  Revenues over the term of the contract are expected to be approximately $40 million with associated capital investment amounting to approximately $27 million. Read more…

Bowtech Products Shortlisted for Global Export Award

Bowtech Products Ltd have been designing, manufacturing and supplying market leading products to the subsea ROV, AUV, Defence, Nuclear and Leisure markets for over 22 years. From patented designs through to unique manufacturing techniques, our Underwater Cameras, Video Systems and Lights operate in harsh environments, hazardous areas and underwater, to any ocean depth. Details of our products can be found here. We have a distribution network of agents selling and supporting our products from 18 countries worldwide, supplying remote intervention solutions for use in all oceans and harsh environments of the world. Click here to see details of our worldwide agents. Read more…

Polarcus awarded second 3D acquisition project offshore Greenland

Polarcus Limited (OAX: PLCS) is pleased to announce that the Company has received a Letter of Intent from Shell Kanumas A/S for a nominal 8,500 sq. km 3D seismic acquisition project offshore Greenland. The project, to be acquired by two ICE-1A/1A* class vessels, POLARCUS AMANI and POLARCUS SAMUR, will commence in Q3 2012. Read more…

Major Expansion and Upgrade Project at Samsung Total Petrochemicals’ Complex in Daesan, South Korea

Total is consolidating its positions in petrochemicals in Asia with a new expansion and upgrading project for the Daesan complex in South Korea, which the Group owns with Samsung as part of the Samsung Total Petrochemicals 50/50 joint venture. Read more…

Ecopetrol S.A. Announces Issuance of a Guarantee of the International Financing Operation for the Expansion and Modernization Project of the Cartagena

BOGOTA, Colombia, Jan. 2, 2012 /PRNewswire/ — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; BVL: EC; TSX: ECP) has announced that on December 30, 2011, the financial closing for issuance of a contingent guarantee to its subsidiary Refineria de Cartagena S.A. – Reficar S.A. was concluded, which is part of the financing granted by a group of export credit agencies and commercial banks for the expansion and modernization project of the Cartagena Refinery. The financing structure is a Project Finance, and comes to US$3.5 billion, with a maximum repayment period of 14 years, counting from the end of the six-month period following the termination date of the project. Read more…

AJC Urges Obama to Approve Keystone Pipeline Project

NEW YORK, Dec. 29, 2011 /PRNewswire-USNewswire/ — AJC urged President Obama to approve the Keystone XL pipeline construction as a vital step for strengthening energy security, particularly crucial following recent threats by Iran to block a major oil supply channel. Read more…

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