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Offshore Energy

Harris Pye Sold to Joulon Group

Mark Prendergast, Chief Executive, Harris Pye Group. Photo provided by the company.

 The Harris Pye Engineering Group, global specialists in the provision of repairs, upgrades and conversions to the marine, offshore oil and gas, and associated onshore industrial sectors, has been acquired by the Joulon Group.   Joulon was created in partnership with KKR, the global investment firm to acquire well established companies globally.

Exxon, Petrobras Form Alliance to Develop Oil, Gas Projects

Exxon Mobil Corp and Petróleo Brasileiro SA, Brazil's state-controlled oil producer also known as Petrobras, said on Thursday they had formed an alliance to develop energy projects around the world.   The deal, which was signed in Rio de Janeiro, will have the companies study ways they can cooperate on exploration,

Aker Solutions Secures Subsea Services Work for Statoil

Photo: Aker Solutions

Aker Solutions said it has secured a framework agreement to provide subsea services for Statoil-operated oil and gas fields offshore Norway. The contract has a fixed period of five years, starting in the first quarter of 2018, and contains five four-year extension options. Its value depends on the

SolstadFarstad Bags Vessel Contracts

Photo: Solstad Farstad ASA

Solstad Farstad ASA (SolstadFarstad) entered a contract for the PSV, Far Solitaire, with Aker BP for a period of three months firm with further three months option, commencement of contract is mid-January 2018. In addition, Petrobas - Petróleo Brasileiro S.A has extended the present contract for AHTS BOS Topazio with 180 days to February 2019.

Seadrill Receiving Rival Bids for Debt Restructuring

(Photo: Seadrill)

Drilling rig firm Seadrill confirmed on Wednesday it had received two rival bids for its debt restructuring from unsecured bondholders.   The company, which filed for Chapter 11 restructuring in a U.S. court on Sept. 12, has sought alternative proposals for the plan put forward by its main owner,

US Invests $18.5 Mln in Offshore Wind Research

© Björn Wylezich / Adobe Stock

U.S. Secretary of Energy Rick Perry announced $18.5 million in new Department of Energy (DOE) funding for a consortium that will conduct research aimed at reducing the cost of offshore wind in the U.S. As it seeks to capitalize on momentum in the offshore wind market, the U.S. still faces several challenges,

Seadrill Bondholders Propose Alternative Debt Restructuring

(Photo: Seadrill)

An unofficial committee of Seadrill's unsecured bondholders has submitted a binding alternative proposal for the company's restructuring, two sources familiar with the proposal told Reuters on Tuesday. Norwegian-born billionaire John Fredriksen and a group of hedge funds proposed on Sept. 12 to invest $1.

ABS Partnership Enhances Safety in Ghana’s Offshore Industry

Photo: ABS

 ABS, a leading provider of classification and technical services to the marine and offshore industries, formed a joint venture with Notabene Classification Limited to offer regulatory and technical support services, including key classification services to the upstream oil and gas market in Ghana.    “This

Trump to Open Oil Drilling off US East Coast

President Donald Trump (Official White House photo)

The Trump administration is preparing a plan that would open up oil drilling off the U.S. East Coast, Bloomberg reported. President Trump ordered the Interior Department to create the draft proposal as part of his “America-First Offshore Energy Strategy” executive order in April.  The new plan,

Metal Shark's Next-Generation Damen Fast Crew Supplier

 The all-aluminum monohull FCS 7011 (image: Metal Shark)

As an extension of its existing relationship with Netherlands-based Damen Shipyards, Louisiana-based shipbuilder Metal Shark has announced the availability of the new Damen FCS 7011 for the U.S. market.   Developed by Damen in response to feedback from leaders in the offshore oil and gas sector, the

Sustainable Marine Energy’s Inshore Platform PLAT-I Powers Up

Photo: Schottel

On November 25th Edinburgh-based tidal energy technology developer Sustainable Marine Energy (SME) completed the installation of its game changing PLAT-I tidal energy system at Connel, near Oban in western Scotland.   The operation, including tow-out, was completed in under 5 hours using Green Marine’s multicat vessel Green Isle.

Submarine Power Cables Protection

(Photo: Farinia Group)

Submarine power cables are largely deployed in various offshore renewable energy sources such as wind, wave and tidal installations to transfer power to shore, but also in oil and gas platforms and ocean science observatories. They ensure the power supply to remote areas and by connecting regional electrical

Sembmarine Inks LoI with Shell for FPU

Floaters. Photo: Sembcorp Marine Ltd.

 Sembcorp Marine announced that its wholly-owned subsidiary Sembcorp Marine Rigs & Floaters has signed a Letter of Intent (LOI) with Shell Offshore for the construction of the hull and topside as well as the integration of the Vito floating production unit (FPU).    If the project moves forward, the

BSEE, USCG Investigating GoM Rig Fatality

(Image: BSEE)

The Bureau of Safety and Environmental Enforcement (BSEE) and U.S. Coast Guard (USCG) are investigating the fatality of a worker on board the Petrobras 10,000 drillship in the Gulf of Mexico.   Petrobras America Inc. reported the fatality on board the Transocean Ltd. owned drillship at about 4:45 a.

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