Offshore & subsea

Company is to maintain a focus on positive cash flow and strengthening market-leading positions.

Acquisition is expected to complete in late Q1 2017 with final processed data available in early 2018.

The company provided a range of services including engineering services, survey services, operation risk management, equipment management, and personnel provision.

Lloyd’s Register will act as OGA’s supplier for regional exploration maps and regional and field support engineering services bids for the UKCS.

The contract will see PIM provide inspection management services on Nexen’s North Sea assets.

According to Douglas-Westwood, 2016 will see the start of a barren period for the offshore oilfield service (OFS) sector.

The company’s latest report states that Nigeria is set to lead the region in terms of number of planned projects, with 11, followed by Angola with eight.

The five year contract will cover work on the RAVN and A6-A platforms.

Baker Hughes has announced their results for the second quarter and first half of the year for 2016.

This discovery further enhances Shell’s deepwater position.

The WAVE-4 personnel carrier for standing passengers offers fall prevention, impact protection and has floating and self-righting capabilities.

Under the contract Bibby will provide air diving, and ROV inspection and construction services across five of its North Sea assets.

Spectrum has announced the commencement of a 15 000 km multi-client 2D survey offshore Brazil in the Santos and Campos Basins.

The Oil and Gas Authority (OGA) has launched the 29th Offshore Licensing Round with more than 1200 blocks on offer to support the OGA’s objective of maximising economic recovery (MER) from the UK Continental Shelf (UKCS).

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/6-2 R, cf. Section 8 of the Resource Management Regulations.