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Seaeye ROVs
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• Seaeye ROVs
• Comparison Chart
• Falcon & Falcon DR
• Falcon Accessories
• 600DT
• Tiger
• Puma
• Lynx
• Surveyor Plus
• Cougar & Cougar-XT
• Panther
• Panther Plus
• TMS Systems
• Bale Arm TMS
• Winch & slip ring TMS
• Type 6 TMS
• LARS - ROV handling
systems
• 'A' frame LARS
• Crane based LARS
• ROV Control Cabins &
Workshop containers
• Seaeye Thrusters
• Pan & Tilt Units
• Saab Military ROVs
• Double Eagle
• Sea Owl 500 MkIV
• Sea Owl SUBROV
Seaeye ROVs
The navigation bar opposite lists the full range of standard Seaeye ROVs that are available to choose from to meet your particular operational requirements.
Having selected the most appropriate system your next consideration will be how it is to be deployed and operated. In principle there are two choices:
To Free Swim the ROV or
To deploy the ROV from a Tether Management System (TMS)
FREE SWIMMING SEAEYE ROVs
The following sketch illustrates the simplicity of the lowest cost method of operating a Seaeye ROV - 'Free Swimming' - and the minimum equipment needed to make up a complete free swimming Seaeye system.
The External Power Supply required for all Seaeye systems, (except for the Seaeye Falcon that uses single phase AC) is 3 Phase AC of between 380 to 480 vac.
The Surface Power Supply Unit is connected to the external power supply and provides the system with the various supplies required as well as line insulation monitors for safety.
The Surface Control Unit is connected to the Surface Power Supply Unit and contains all of the control electronics for the system. This unit can be free standing and located on a convenient desk top or can be fitted into a 19 inch rack mount system in more permanent installations. This unit also provides the outputs from video, sonar and other sensors that may be fitted to the ROV. The comprehensive Seaeye video overlay is incorporated in the Surface Control Unit as standard for all Seaeye ROVs.
A Video Monitor or video suite including a video switcher, video recorders and monitors are connected to the Surface Control Unit. The ROV's camera(s) are routed to the monitor(s).
The Hand Controller used by the ROV pilot to 'fly' the ROV as he views the video monitor and other sensor information displayed on the video overlay, is connected to the Surface Control Unit by a 5 metre lead. All of the vehicle's control functions are incorporated in the Hand Control Unit. These include camera pan and/or tilt, autopilot functions, thruster trim controls, speed, direction, dive, surface and lighting intensity. Spare capacity for additional control functions is included.
An Umbilical connects between the Surface Control Unit and the ROV. For free swimming applications a tough, flexible, polyurethane sheathed umbilical is used. The umbilical contains power conductors to the ROV as well as control signal and video conductors. Spare conductors are provided for accessories such as sonar, survey sensors, CP probes and tools.
Launch and Recovery. The umbilical cable is designed to lift the ROV during the launch or recovery stages. It can be stored on a winch fitted with a slip ring for this purpose. However some operators save the cost of a dedicated winch and use a warping drum to take the weight of the vehicle during this process. The umbilical is coiled in a figure of eight to avoid any kinking and is then led to the warping drum from which it passes over an umbilical sheave to the ROV. When the ROV has been launched and sufficient umbilical has been deployed, the umbilical can be 'stopped' by taking a reverse turn on the warping drum.
The Umbilical Sheave can be fitted to a conveniently located ship's crane, davit or 'A' frame. In order to avoid damage to the umbilical, the sheave wheel must have a greater radius than the minimum bend radius of the umbilical.
TMS DEPLOYED SEAEYE ROV SYSTEMS
The following sketch illustrates a Seaeye ROV system deployed using a Tether Management System (TMS) and the additional equipment required. (A TMS is not available for the Seaeye Falcon ROV that is normally hand launched and operated free swimming):
A Tether Management System (TMS) comprises a remotely controlled tether cable spooling mechanism fitted into the top section of a side entry garage containing the ROV. The TMS is lowered to the required working depth where the ROV can be flown out of its garage to the extent of its tether cable.
A ROV Lift Winch, capable of lifting and deploying the combined weight of the ROV in the TMS as well as recovering the weight of the armoured umbilical is needed for these systems.
The Armoured Lift Umbilical replaces the soft umbilical used for free swimming operations and is designed to lift and deploy the combined weights of the TMS and ROV. This cable carries an increased number of power conductors to minimise the voltage drop between the surface and the ROV allowing the vehicle to be operated to greater depths.
An 'A' Frame can be provided with the ROV Lift Winch as a combined Launch and Recovery System (LARS), package. Alternatively the ship's 'A' Frame or suitable crane can be used with the addition of an Umbilical Sheave to deploy the TMS.
The benefits of a TMS system include:
Operations to greater depths
Elimination of the effect of considerable drag forces on the umbilical at greater depths
Protection of the ROV during launch and recovery through the splash zone
Faster deployment to the working depth governed only by the speed of the winch rather that the rate at which a free swimming ROV could dive using its vertical thruster(s).
A safe haven at depth for the ROV between tasks.
Full Specifications of Seaeye TMS Systems are provided at the Seaeye TMS systems section.
Saab Seaeye Limited · Tel: +44 (0)1489 898000 · Fax: +44 (0)1489 898001 · Email: rovs@seaeye.com
Saab Seaeye have moved to:
Saab Seaeye Ltd
20 Brunel Way
Segensworth
Fareham
Hampshire
PO15 5SD
Tel +44 (0)1489 898000
Fax +44 (0)1489 898001
Saab Seaeye manufactures a complete range of electric powered ROV systems for all professional applications. The range currently extends from the portable Seaeye Falcon ROV to the medium work class Panther Plus ROV. Latest News
Jaguar sales in major order from Fugro ( 19 May 2008 )
Smart ROV to recover artefacts ( 16 April 2008 )
The Seaeye Jaguar is launched ( 21 February 2008 )
Seaeye Falcon & Falcon DR
Seaeye Tiger
Seaeye Lynx
Seaeye Surveyor Plus
Seaeye Cougar & Cougar-XT
Seaeye Panther Plus
All Seaeye ROVs can accommodate a standard range of tools and accessories and we can provide a custom design service for special tools and ROVs for any unique application. Seaeye also design and manufacture a range of ROV handling systems as well as a choice of Tether Management Systems (TMS), cameras, lights and subsea metal shell connectors.
Widely regarded since 1987 as the leading supplier of ROVs to the offshore oil and gas industry, Seaeye now also supply ROVs to a number of the world's leading navies for security, MCM, salvage and diver support tasks as well as to coastal and inshore operators for observation, inspection, environmental work, deep tunnel penetration and survey operations.
With over 300 ROVs delivered worldwide through an international network of distributors you can be confident of this company's track record and continued determination to support our customers with increasingly capable and versatile systems.
Saab Seaeye Limited is a wholly owned subsidiary of Saab Underwater Systems AB and is located in Fareham, Hampshire on the South Coast of England between the ports of Southampton and Portsmouth with rapid ferry access to the continent. Both of London's international airports, Heathrow and Gatwick, are just over an hour away by road.
Saab Seaeye Limited · Tel: +44 (0)1489 898000 · Fax: +44 (0)1489 898001 · Email: rovs@seaeye.com
Saab Underwater Systems AB are based in Motala, Sweden and are a part of the Saab Group which is one of the world’s leading high technology companies.
Saab Underwater Systems focus on the development and production of underwater systems that gather and process data, detect and neutralise sea-mines and destroy naval targets on or under the surface.
The trade mark of our products is the inherent performance in shallow and extreme shallow water.
Saab Underwater Systems motto ”The Depth of Technology” means that whatever it does, it does it to give its customers high-performance products that are fully reliable and based on the latest advances in underwater technology.
Our customer support organization ensures that there is a back up, any time of the day or night, anywhere in the world.
The range of our underwater vehicles together with the Seaeye Falcon and Cougar vehicles is shown below;
Saab Underwater Systems most well-known ROV families are:
The Double Eagle Systems and
The Sea Owl Systems
Saab Underwater Systems AB · Tel: +46 (0)141 22 44 37 · Fax: +44 (0)141 22 45 54 · Email: bengt.larsson@saabgroup.com
ROV Operators Set To Earn $9B By 2012 - Report
by Douglas-Westwood Limited
October 10, 2008
Oil & gas industry expenditure on work-class ROV (remotely operated underwater vehicle) operations is likely to total $1.6 billion in 2008 and the market is set to reach $2.4 billion by 2012. This is one of the findings of a new market study, "The World ROV Report 2008-12," published recently by energy analysts Douglas-Westwood.
Announcing the launch of the report, Lucy Miller, lead analyst commented, "Both offshore utilization and ROV dayrates have increased dramatically over the past five years and stand at an all time high. "In the past year, ROV dayrates for Africa, Middle East and the Caspian have increased by 42%, overtaking Norway which was until recently the most expensive region. Also shortages of skilled operators have caused personnel dayrates to grow by 47-50% in those regions.
Deepwater
"The report is based on analyzing underlying demand drivers and ROV operator's dayrates. Although oil prices have fallen of late, this is likely to be a short-lived phenomena as oil companies take a much longer term view. High levels of drilling activity and increased installations of subsea wells, pipelines, control cables and other hardware are to continue apace as shallow water oil reserves deplete worldwide and deepwater increasingly becomes one of the few remaining the places where major oil finds can be made. The recent deepwater discoveries off Brazil announced by Petrobras are evidence of this -- and, in deepwater, ROVs are a key enabling technology for drilling and field development," said Miller. "In addition, increasing numbers of ROVs are required to service the thousands of underwater installations existing worldwide."
More ROVs needed
The analysts conclude that over the next five years a total of 655 new work class ROVs will need to be built to satisfy the dual demands of market growth and attrition of the existing fleet. This compares with 411 over the past five years. "Comparing the two five-year periods, we forecast total work-class ROV Capex will increase from $1 billion in 2003-7 to $2.1 billion in the years 2008-12.
Continued consolidation
This new report is built on DWL's unique knowledge of the offshore ROV business, a sector which has undergone an extensive period of consolidation in which Douglas-Westwood has been heavily involved. The firm was the first to publish independent analysis of the ROV sector. It has also acted as advisors to the major players and investors and has conducted commercial due diligence on many of the companies that have bought and sold since 1990. Most recently these include Perry Slingsby's acquisition by Triton Group, Rovtech's acquisition by Fugro and SMD's acquisition by Inflection Private Equity.
Douglas-Westwood Limited carries out commercial due diligence work for the financial community and business research, market analysis and strategy work for the international energy industry in both the upstream and downstream sectors. Douglas-Westwood has clients in 37 countries and to date over 530 projects have been completed. Clients range from the oil majors and contractors to equipment manufacturers, financial institutions and departments of government in several countries. Over the last year, Douglas-Westwood has provided commercial due diligence advice on 16 M&A deals and IPOs, including a number of assignments with ROV operating companies and manufacturers
thank for your views
hello anderl, where in the hell is bottom do you have any clue's????????????????????????
DEEP DOWN IS NOT A TODAY STOCK, NOW IF YOUR ARE 80 YEARS OLD PLUS LOOKING FOR A HOME RUN I WOULD SAY SALE AND MOVE ON. LET ME BE FRANK WITH YOU MOVE ON. DPDW IS SOME WHAT OF 36 TO A 60 MONTH STOCK.
Cameron Snags MARS Order for Chevron's Lombito Tomboco Field
by Cameron
October 06, 2008
Cameron has confirmed an order of 14 MARS™ (Multiple Application Re-injection Systems) for the long-term subsea production optimization strategy on Chevron's Lombito Tomboco Field in Angola. The order is initially valued at $16M and represents another significant commitment by a major Operator to the MARS production interface which has been described as "a USB port for wellheads."
MARS has been previously used by BP for subsea multiphase pumping in the Gulf of Mexico and is scheduled to be deployed by Total in Angola and Shell in the North Sea for subsea multiphase metering and well stimulation respectively.
The patented MARS system is a Cameron technology, supplied by DES Operations of Aberdeen, a wholly owned subsidiary of Houston-based Cameron. The technology enables multiple processing technologies to be retrofitted onto subsea Christmas trees and is being applied by Chevron to perform subsea chemical squeeze operations on existing wells in Angola. Chevron and DES have integrated the MARS system into an existing subsea infrastructure enabling chemical scale squeeze operations from an ROV support vessel, eliminating the need for MODU support.
Ian Donald, Cameron's Vice President at DES said, "We are delighted at the adoption of the MARS system by Chevron. The MARS interface is adaptable to any subsea tree enabling the integration of a variety of processing equipment to an operator’s asset."
A Chevron representative for the project added, "We have worked closely with DES to develop a cost effective well intervention system which allows us to significantly minimize the downtime and maximize the
production associated with subsea chemical stimulation operations."
In addition to the 14 MARS systems, DES will provide the chemical delivery system for Chevron's project.
The MARS technology is the recipient of several industry awards including:
American Society of Mechanical Engineers - Distinguished Innovation Award
World Oil - New Horizons Idea Award
Subsea UK - Best Subsea Newcomer Award
Scottish Offshore Achievements - Innovative Technology Award
Hart Publications Meritorious Award for Engineering Innovation
MARS is part of Cameron’s CAMFORCE™ Subsea Processing System which includes multiphase boosting,
separation and other enabling technologies for the emerging subsea processing market.
IT CALLED THE POSTIVE GLOW THE LIGHT HOUSE IN THE FOG IS DEEP DOWN
BEWARE THE LAST 3 MINUTES OF CLOSING TO CLOSE AT 45 PLUS
WOW THIS IS A CHRISTMAS BONUS AT THIS PRICE, I BEEN BUYING ALL DAY.
4 mars nice lay out where is the real money Rothschilds family
ok thank you
i am refer to your post 94
Recs: 0 Re: Tuohy Brothers report
Deep water drilling is expanding rapidly.And oil could pull back to 50 bucks a barrel without reducing the demand for deep water drilling technology.
This is an excellent area in which to invest.DPDW 's technology is outstanding and tested.
Hold your shares,it's just a matter of time.
ok so it not monday 10-06 as your last message stated
anderl is it 125million times 5 is 625million
the question is the date of the split, you are saying it 10/01/08 where did you get the information from.
no my friend has own fro for some time got one. this split is this month
Recs: Wall Street Journal
Recs: Wall Street Journal...
Oil's Fall Won't Scare Deepwater Drillers
Oil prices are ever closer to the sub-$100 level, and that has energy-company share prices flaming out these days.
But weak share prices for the deepwater-drilling companies could be short-lived. Despite current slowdowns, long-term demand for oil will grow alongside emerging economies. Firms like Transocean, Diamond Offshore, Ensco International and others will benefit.
Deepwater-exploration companies -- the oil producers that need to lease drilling rigs -- aren't deterred by today's falling prices. They are locked into extremely expensive long-term contracts, and they can't walk away from their huge investments in deepwater energy.
Producers were locking in contracts to lease deepwater rigs for between $400,000 and $600,000 a day when oil prices were cheaper than they are now. New rigs soon to arrive are expected to fetch as much as $1 million a day. Some energy-patch investors say oil could fall to $60 before deepwater producers would consider pausing.
As such, rig demand remains strong and supply is tight. Brazil's Petrobras, for instance, recently snapped up leases for the bulk of the world's deepest-drilling rigs.
Says Matt Simmons, who heads Simmons & Co. International, an energy-centric investment bank: "There is an extremely bullish, long-term case for the [deepwater] drillers. They are far more immune to short-term swings in oil prices, and their earnings power is just unbelievably vast."
--Jeff D. Opdyke
Recs: 0 Deep Sea Robot
Press Release 08-139
Robot Vehicle Surveys Deep Sea Off Pacific Northwest
Autonomous underwater vehicle "eyes" sites for future ocean observatory
Sentry, an autonomous undersea vehicle, was used for the first time this month.
Credit and Larger Version
August 13, 2008
The first scientific mission with Sentry, a newly developed robot capable of diving as deep as 5,000 meters (3.1 miles) into the ocean, has been successfully completed by scientists and engineers from the Woods Hole Oceanographic Institution (WHOI) and the University of Washington (UW).
The vehicle surveyed and helped pinpoint several proposed deep-water sites for seafloor instruments that will be deployed in the National Science Foundation (NSF)'s planned Ocean Observatories Initiative (OOI).
Sentry is a state-of-the-art, free-swimming underwater robot that can operate independently, without tethers or other connections to a research ship.
The autonomous underwater vehicle, or AUV, is pre-programmed with guidance for deep-water surveying, but it can also make its own decisions about navigation on the terrain of the seafloor.
"This investment into emerging technologies is paying off in delivering state-of-the-art science support," said Julie Morris, director of NSF's Division of Ocean Sciences. "In the near future, Sentry will conduct high-resolution oceanographic surveys that would be otherwise impossible."
Working in tandem with sonar instruments on the UW-operated research vessel Thomas G. Thompson and with photo-mapping by WHOI's TowCam seafloor imaging system, Sentry gathered the most precise maps to date of seafloor features known as Hydrate Ridge and Axial Volcano off the coast of Oregon and Washington.
"We are changing the way ocean science is done, launching a new era in which an ensemble of technologies will provide us with an increasing capacity for exploring and interacting with the global oceans," said John Delaney, chief scientist of the expedition and principal investigator for the UW-led regional observatory in the planned OOI.
The one-of-a-kind, WHOI-built AUV--which was largely funded by NSF--made six dives during the July 22 to August 5 expedition.
Sentry surveyed 212 linear kilometers of seafloor, or about 53 square kilometers, as it traced parallel lines like a lawn-mower making a pattern across a yard.
"Sentry had a very successful introduction," said Dana Yoerger, the lead WHOI engineer for the vehicle. "We had tested the AUV as best we could before we got out here, but the steep terrain of the deep sea is quite a different matter."
The AUV can collect the data needed to make seafloor maps at a resolution of less than one meter. On this first cruise, Sentry collected as many as 60 million individual soundings of seafloor depth in a single dive.
Powered by more than 1,000 lithium-ion batteries-similar to those used in laptop computers, though adapted for extreme pressures, Sentry dove for as long as 18 hours and 58 kilometers, with the potential for longer trips in the future.
Sentry is designed to swim like a fish or fly like a helicopter through the water. The sleek hydrodynamic design allows the vehicle to descend quickly from the sea surface to the depths (about 3,500 meters per hour). The novel shape also gives the vehicle tremendous stability and balance while cruising through bottom currents.
The vehicle has thrusters built into its foils, or wings. Like an airplane, the foils allow the vehicle to gain lift or drag or directional momentum, as needed.
When necessary, the AUV also can hover over the bottom for close-up inspections, navigational decision-making, and for rising up and down over rugged seafloor terrain. The design allows the vehicle to start, stop, and change directions, whereas many AUVs tend to travel in one direction.
The AUV steers itself with a magnetic compass; long-baseline (LBL) navigation triangulated from underwater beacons; a sophisticated inertial guidance system (INS); and, when within 200 meters of the bottom, an acoustic sensor that can track the vehicles' direction and speed with incredible precision.
"Sentry is a true robot, functioning on its own in the deep water," said Rod Catanach, a WHOI engineer who works with Sentry. "The vehicle is completely on its own from the time it is unplugged on the deck and cut loose in the water."
With this mission successfully completed, Sentry is now ready to join the National Deep Submergence Facility (NDSF), a federally funded center based at WHOI that operates, maintains, and coordinates the use of vital deep ocean vehicles for the U.S. oceanographic community.
Sentry will replace the Autonomous Benthic Explorer (ABE), Sentry's predecessor in the NDSF and a pioneer in deep-diving vehicle operations since 1996.
Eventually, vehicles like Sentry and its successors will plug into and interact with the ocean observatory system, using the power charging systems and high speed communications delivered by the submarine networks.
Funding for the development of Sentry also was provided by the Russell Family Foundation, WHOI's Deep Ocean Exploration Institute, the Comer Science and Education Foundation, and WHOI's Access to the Sea program.
Funding for the OOI mapping cruise was provided by NSF through the Consortium for Ocean Leadership; by Arizona State University; and by the UW School of Oceanography
AnderL, let me ask you a question, did you get provy for voting on the 5 to 1 forward split, and fro agree on a price of 56.00 per share which come out to be 11.20.
OK, WHO EVER YOU ARE FRONTING FOR, TELL THEM THANK YOU MUCH
SURE IS SWEET SEEING GREEN THANK YOU
i want to thank you much, keep postive RBRE13, AGAIN THANK YOU
thank you for those 100 share at 55 keep the boat flowing upward
where the other news release i been looking for that flotec has a piece of 50 million deal still looking for it
i was ask to post this infor, ak21, i am still looking for another screen i lost
FMC Technologies
Search results for «FMC Technologies Energy»:
Deep Down's Flotation Technologies get subsea deepwater buoyancy order
Deep Down, Inc. (OTCBB: DPDW) today announced that Flotation Technologies, Inc., a world leader in the engineering, design, and manufacturing of deepwater buoyancy and polyurethane elastomer systems, received a contract award for a unique, custom-designed riser buoyancy solution from an international energy company.
FMC with five-year subsea system agreement with Devon Energy
FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an exclusive five-year global alliance agreement with Devon Energy (NYSE: DVN) to provide subsea production systems and life-of-field services for Devon’s worldwide subsea development projects.
Deep Down Inc to acquire Flotation Technologies
Flotation Technologies, Inc., a world leader in the engineering, design and manufacturing of deepwater buoyancy and polyurethane elastomer systems, today announced that it will be acquired by Houston-based Deep Down, Inc.
FMC Technologies Reports Third Quarter up 46 Percent
FMC Technologies, Inc. (NYSE:FTI) today reported third quarter 2007 revenue of $1.1 billion, up 22 percent over the third quarter of 2006 led by the strength of its subsea systems business. Diluted earnings per share from continuing operations were $0.60, up 46 percent from $0.41 per diluted share in the prior-year quarter.
FMC Technologies to Supply Subsea Processing and Production Systems for Pazflor Offshore Angola
FMC Technologies, Inc. (NYSE: FTI) announced today that it has received the award to supply deepwater subsea processing and production systems to Total Exploration & Production Angola. The systems will be used in Total’s Pazflor Project, located in Block 17 deepwater offshore Angola. The award has a value of approximately $980 million in revenue to FMC Technologies.
Grenland Group Announces Frame Agreement with FMC Technologies
Grenland Group ASA and FMC Kongsberg Subsea AS, a division of FMC Technologies Inc. (NYSE: FTI) announced today the signing of a frame agreement to supply FMC with the components for the manufacture of subsea production systems.
GE Energy Completes Acquisition Of Sondex, A Global Oilfield Technology Company
GE Energy announced today it has completed the acquisition of Sondex plc to further expand its capability and expertise in oil & gas drilling and wireline technology.
CoreTec™, Flotation Technologies new drilling riser buoyancy module
Flotation Technologies, Inc., a world leader in the engineering, design and manufacturing of deepwater buoyancy and polyurethane elastomer systems, today introduced CoreTec™, its new drilling riser buoyancy module, to the marketplace.
Cameron Technologies Utilized on BP King Multiphase Pumping Project
Two of Cameron’s CAMFORCE™ Subsea Processing technologies – MARS (Multiple Application Reinjection System) and POSSibilities (Production Optimization Simulation Software) have been successfully utilized as part of the BP King multiphase pumping project in theGulf of Mexico.
M-I SWACO unveils SMART* RDF and breaker technologies
M-I SWACO has introduced its portfolio of SMART* reservoir drill-in fluid systems and associated breaker technologies that provide finesse to the drilling and completion operation by allowing greater control over what occurs downhole.
PRESENS announces subsea PT transmitters frame agreement from FMC Technologies
PRESENS AS today announced the award of a frame agreement with FMC Technologies (NYSE: FTI) to supply pressure and temperature transmitters to their subsea production trees. The contract is estimated to be worth between 100 and 125 million NOK over five years, deliveries beginning in Q3 2008.
Cutting Underwater Technologies to cut down Frigg for removal
Cutting Underwater Technologies (CUT) Ltd., global representatives and operators of the patented TS Tecnospamec Diamond Wire Cutting Technology, have been awarded a major contract from Saipem UK (Sonsub Division) to carry out a number of Diamond Wire Cuts as part of the Frigg DP1 Jacket removal project
Revus Energy reports oil and gas discovery in Torphins well
Revus Energy ASA today confirmed well oil & gas discovery in the eastern part of the Torphins prospect in the central UK North Sea. The well, which spudded on 20th June 2008, was drilled directionally to test sector and penetrated a Paleocene reservoir sandstone section with a gross logged oil & gas column in the region of 9 meters.
LNG, Innovation and Renewable Energy hot topics at ONS 2008
ONS 2008 has attracted more visitors than ever before in its 34-year history, with more than 38 000 people estimated to have attended by comparison with 35 700 in 2006. The three parks for LNG, innovation and renewable energy – and particularly the last of these – have enjoyed a level of visitors which exceeded all expectations.
Ultra-deepwater semi West Sirius commences operations for Devon Energy
Yesterday, the ultra-deepwater semi-submersible rig West Sirius commenced operations for Devon Energy in the Gulf of Mexico. West Sirius, which was delivered from Jurong Shipyard in Singapore on March 31 this year, arrived in the Gulf of Mexico earlier this month and has since arrival been finalizing commissioning and acceptance work for the operator.
Norse Cutting and Abandonment acuire LIS Energy Services
Norse Cutting & Abandonment AS (NCA) acquires 100% of the assets of plugging and abandonment (P&A) specialist LIS Energy Services LLC in Louisiana, USA. The acquisition strengthens NCA’s service range significantly within the P&A and decommissioning industry and provides a vital next step in becoming the world leading decommissioning specialist.
Bennex High Power Changeover Switch to Talisman Energy
Bennex is delivering three complete Anguila High Power Changeover Switches (HPCS) to Talisman Energy Norway AS by the end of 2007. The switches will be installed on the YME field in the North Sea and will be one of the key features of the Talisman YME system in recovery of the remaining reserves in the Yme field.
Energy Cranes move into Subsea Market taking over Baricon Systems
Energy Cranes International has acquired Aberdeen-based Baricon Systems Limited in a deal which takes Energy Cranes – the world’s largest offshore crane and mechanical handling services contractor – into the fast-growing subsea cable and pipe-laying markets.
Northern Offshore Announces New Contract Award for Jackup Energy Enhancer
Northern Offshore today announced that the jackup Energy Enhancer was awarded a contract with SPD Limited to drill a well in the U.K. North Sea. The contract award is for an estimated 45-60 days with a contract value of approximately US$9-12 million.
Serica Energy with farm-in agreement for North Sea Chablis prospect
Serica Energy plc has announced an agreement with Hansa Hydrocarbons Limited for Hansa to farm-in to Serica’s UK licences covering Block 48/16b and Block 48/17d in the Southern North Sea. Completion is subject to the receipt of UK government consent.
Revus Energy enters into farm-in agreement with EnCore for UK blocks
Revus Energy (UK North Sea) Limited ('Revus') announces that it has entered into a farm-in agreement with EnCore Oil plc ('EnCore') to earn a 20 per cent interest in UK Central North Sea blocks 28/9 and 28/10c. Through the deal, Revus will obtain access to the 'Catcher' prospect which will be drilled in 2009.
Revus Energy confirms significant oil discovery in Jordbær Central
Following successful completion of a side track on the Jordbær Central discovery announced in August, Revus Energy today confirmed the extension of the oil discovery in well 34/3-1A. The oil water contact was encountered as prognosed, and Revus Energy's internal preliminary estimates indicate recoverable reserves of between 57 and 100 mmboe.
Revus Energy reports Torphins well 21/8-4z results
Revus Energy ASA today confirmed well 21/8-4z as a further oil & gas discovery in block 21/8, production licence P.1107 which is located in the central North Sea Sector of the United Kingdom Continental Shelf (UKCS).
Helix Energy sell interest in GoM blocks
Energy Resource Technology GOM, Inc. (ERT), a wholly owned subsidiary of Helix Energy Solutions (NYSE:HLX), has agreed to sell a 30% working interest in its Danny Noonan discoveries (Garden Banks Blocks 463, 506 and 507) and other Outer Continental Shelf oil and gas properties (East Cameron Blocks 371 and 381)
T-3 Energy with two significant subsea orders
T-3 Energy Services, Inc. nnounced today that it has received two significant subsea orders from different customers. The significance of these orders was not due to their size, but due to the emphasis T-3 Energy continues to place on moving toward the subsea sector by using a customer-driven demand pull approach, and the trust customers continue to bestow on the company.
SeaBird contract with Cairn Energy India
SeaBird has entered into a contract with Cairn Energy India ("Cairn") for a 2D survey outside the East coast of India of between 3,100 to 3,600 line km.
Ithaca Energy secure FPSO for Athene field development
Ithaca Energy (UK) Limited today announced it has completed the acquisition of a 66.67% working
interest in the Stella and Harrier Shallow discoveries; as well as secured the services of the ‘Uisge
Gorm FPSO for the development of the Athena Field.
Talisman Energy Find More Oil Offshore Vietnam
Talisman (Vietnam 15-2/01) Ltd., a wholly owned subsidiary of Talisman Energy Inc. (TSX:TLM) (NYSE:TLM), has tested the Hai Su Den (HSD) exploration well offshore Vietnam. This was Talisman's second oil discovery in Vietnam in 2007, following up on the Hai Su Trang (HST) Miocene sandstone discovery on the same offshore block announced earlier in the year.
Husky Energy get two blocks offshore Newfoundland and Labrador
Husky Energy Inc., announced that the Company has been successful in acquiring two parcels (blocks 1 and 3) at the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) September 10, 2008 Land Sale Offshore Labrador.
TSMarine’s Subsea Well Intervention Project for Woodside Energy Marks a Number of Firsts
TSMarine has successfully completed phase one of its rigless intervention activity on Woodside’s Vincent project, offshore Western Australia. This marks the first ever fully integrated rigless subsea well intervention project in the Asia Pacific region.
KBR Subsidiary Awarded Offshore Study by Woodside Energy Ltd.
KBR (NYSE:KBR) today announced that its subsidiary, Granherne, along with joint venture partner WorleyParsons Select, has been awarded the topsides and substructures concept and definition study for the Browse LNG Development's "Browse to Burrup" option.
Chevron and MIT with Ultra-Deepwater Research Program
Chevron Corporation and Massachusetts Institute of Technology (MIT) today announced an energy research program to develop remote, ultra-deepwater exploration and production technology.
FMC sign 5 year Subsea Xtree GoM agreement with Anadarko
FMC Technologies, Inc. (NYSE:FTI) announced today that it has signed a five-year alliance agreement with Anadarko Petroleum Corporation (NYSE:APC) to provide subsea equipment for Anadarko's Gulf of Mexico exploration and production projects.
FMC bags subsea production system contract for Petrobras Tambau
FMC Technologies said today that it has received an award to supply the subsea production system for Petrobras’ Tambaú gas field. The award has a value of approximately $140 million in revenue to FMC Technologies.
NanoDynamics Establishes Joint Venture with Shell Technology Ventures
NanoDynamics Inc. announced the recent formation of a joint venture with Shell Technology Ventures Fund 1 B.V. to develop new materials and products expected to improve exploration and production efforts in the international oil and gas industry. The joint venture, Epik Energy Solutions, L.L.C., capitalizes on NanoDynamics’ capabilities in nanomaterial synthesis and product engineering, in applications ranging from solar energy conversion, energy storage, lightweight wear-resistant materials and water purification to enhanced down-hole and construction materials and taggants.
Bennex delivery first subsea UTH to FMC RLWI project
Bennex is delivering UTH's and electronic bottles/jumpers to FMC Technologies for the RLWI project. The first delivery is accomplished.
FMC to Supply Petrobras with 11 Subsea Trees for Roncador
FMC said that it has received an award to supply Petrobras with deepwater subsea trees and tie-in systems for 11 add-on wells at the Roncador Module 3 Field, located offshore Brazil.
FMC sign extension frame deal for subsea Xtree systems with Woodside
FMC said today that it has signed a five-year extension to its existing five-year frame agreement with Woodside Energy Limited in Australia. FMC Technologies will provide subsea tree systems for the next five years, and associated aftermarket services for the next six years.
FMC to Supply 15 more Subsea Trees to Brazilian Petrobras
FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Petrobras (NYSE: PBR, PBRA) to supply 15 deepwater subsea trees for multiple deepwater projects offshore Brazil. The trees will be engineered and manufactured at FMC Technologies’ facility in Rio de Janeiro. The order has a value of approximately $34 million in revenue to FMC Technologies.
FMC to provide LNG offloading systems to Flex LNG
FMC Technologies announced today that it has received an award from Samsung Heavy Industries Co., Ltd to supply its customer, Flex LNG, with four liquid natural gas (LNG) offloading systems. The order also includes an option for a fifth offloading system. Financial terms were not disclosed.
FMC to Supply Subsea Gas Compression Control Systems for StatoilHydro
FMC Technologies, Inc. announced today that it has been awarded a contract to supply subsea gas compression control systems to StatoilHydro. The award is part of a major qualification program run by StatoilHydro for the development and qualification of all critical components for a subsea gas compression system within its Åsgard field in the North Sea.
ExxonMobil and Petronas Sign Agreement for New Production Sharing Contract
ExxonMobil Exploration and Production Malaysia Inc., a subsidiary of Exxon Mobil Corporation (NYSE:XOM), and the Malaysian national oil company, PETRONAS, will continue to work together to help ensure sustainable energy supplies for Malaysia under a planned new 25-year production sharing contract.
StatoilHydro and Schlumberger with new IOR solutions
StatoilHydro and Schlumberger Information Solutions (SIS) announced that their joint R&D-collaboration on technologies for production and process optimization (IOR), initiated two years ago, has resulted in solutions that will enable optimization of reservoir performance.
FMC get subsea equipment contract for North Sea Norne field
FMC said today that it signed a contract with StatoilHydro for the manufacture and supply of additional subsea equipment for its Norne field development, located in the Norwegian Sea. The contract is valued at approximately $87 million in revenue
StatoilHydro and GE Oil & Gas technology agreement
StatoilHydro and GE Oil & Gas today signed a Technology Cooperation Agreement, which establishes a formal collaborative working relationship between the two companies for the ongoing development of technology related to specific oil and gas projects.
Technip get offshore wind turbine subsea structure EPCI contract
Technip has been awarded by StatoilHydro an engineering, procurement, construction and installation (EPCI) contract for the Hywind project substructure wind turbine which will be located offshore Karmøy, Norway, at a water depth of 200-220 meters.
2008 Offshore Technology Conference OTC enjoy new attendance record
Attendance at the 2008 Offshore Technology Conference (OTC) reached 75,092, a 26-year high, as energy professionals from 110 countries met to learn about the latest technology to find and produce offshore oil and natural gas resources. The world's largest offshore event was held May 5-8 at Reliant Park in Houston.
Grenland awarded subsea structure fabrication contract for FMC Pazflor Project
Grenland Group has signed a letter of intent with FMC Technologies`s (NYSE: FTI) subsidiary in Kongsberg for the fabrication, assembly and testing of subsea structures that will be part of FMC Technologies`s /> delivery for Total`s Pazflor Project, located in Block 17 deepwater offshore Angola.
Technip and Geogreen join forces for subsea CO2 capture
Technip and Geogreen have signed a non-exclusive agreement that will allow the two companies to offer clients studies for integrated solutions for the entire carbon (CO2) capture, transport and storage chain. This partnership teams Technip’s know-how in CO2 capture, transport and gas compression for injection into underground structures, with Geogreen’s expertise in CO2 transport and geological storage.
ConocoPhilips to invest in oil, gas and renewable technology
ConocoPhilips to presented plan to invest $400 millionin technology this year. This also includes more than $150 million for research efforts focused on the development of non-conventional oil and gas resources and the development of new energy sources, such as alternatives and renewables.
Aker Solutions reinforces subsea deepwater position and change team
Aker Solutions today announced organisational changes in its Subsea and Products & Technologies business areas. It also announced changes in the company's executive management team.
Petrofac acquires production technology specialist Caltec
Petrofac, the international oil & gas facilities service provider, announces that it has acquired Caltec Limited (Caltec) for an initial consideration of £15 million, payable in cash, subject to adjustment for surplus cash as at completion.
FMC to supply ConocoPhillips with Ekofisk subsea water injection system
FMC Technologies said today that it has signed a five-year agreement with ConocoPhillips Scandinavia AS for the supply of subsea equipment and services for a water injection development in the Ekofisk field. The development is a replacement of the existing Ekofisk 2/4 W injection platform at the southern part of the Ekofisk Complex.
Oceaneering get subsea umbilical contract for FMC Pazflor
Oceaneering International, Inc. (NYSE:OII) announced it recently secured a contract with FMC Kongsberg Subsea AS, a subsidiary of FMC Technologies, Inc. (NYSE: FTI), valued at over $15 million to supply umbilicals for use on Total’s Pazflor project off the coast of Angola.
FMC to supply of deepwater subsea systems for the Shell Gumusut-Kakap project
FMC Technologies, Inc (NYSE: FTI) announced today that it has been awarded a contract by Sabah Shell Petroleum Company Limited for the supply of deepwater subsea systems for the Gumusut-Kakap project.
Atwood Hunter semisubmersible drilling rig score record high dayrates
Atwood Oceanics today said that the ATWOOD HUNTER has been awarded contracts by Noble Energy for work in the eastern Mediterranean Sea and by Kosmos Energyand Noble Energy for work offshore West Africa for a combined term of four years.
Acergy with North Sea subsea installation frame agreement with DONG
Acergy S.A. (NASDAQ NM: ACGY; Oslo Stock Exchange: ACY) announced today the award of an offshore engineering and construction Frame Agreement with DONG Energy.
46 companies nominated for the 20th licensing round of Norway
The Ministry of Petroleum and Energy have received nominations from 46 companies for blocks for the 20th licensing round on the Norwegian continental shelf. In the 19th licensing round, 19 companies participated in the nomination process. 301 blocks or parts of blocks have been nominated.
JP Kenny awarded global subsea agreement by BP
J P Kenny Engineering Ltd (JPK) a subsidiary of John Wood Group PLC (“Wood Group”) has entered into a Global Agreement with BP International Limited to provide engineering and project management services for BP's offshore development projects.
Petrofac get approval to develop Don subsea fields
Petrofac said that its Energy Developments division has received Field Development Programme approval from the UK Government department of BERR (Business Enterprise and Regulatory Reform) for the Don Southwest (Don SW) and West Don fields in the North Sea.
Perry Slingsby Systems get subsea ROV system contract from DOF Subsea
Perry Slingsby Systems (PSS), the world-leading provider of remote intervention technologies and equipment, has secured a fast-track contract to supply a new generation Triton® XLX ROV system to DOF Subsea for delivery before the end of the year.
Multi-million pound North Sea contract wins for RBG
RBG Limited has secured three new contracts for maintenance and subsea operations in the UK North Sea, worth a combined annual total of £5million.
Tritech, Xipower partnership to develop subsea battery packs
Tritech, the industry leader in the provision of sensors and tools for ROV and AUV markets has today announced a partnership agreement with Xipower, a cutting edge developer of energy management and monitoring technologies.
Cayley gas well success in the North Sea for Talisman and Marubeni
Marubeni North Sea Ltd. (a wholly owned subsidiary of Marubeni Corporation) has successfully completed appraisal drilling on the Cayley condensate gas discovery, located in the UK Central North Sea with their partner, Talisman Energy (UK) Ltd. (operator, a wholly owned subsidiary of Talisman Energy Inc., one of the largest Canadian upstream company).
Siem WIS aims for IOR with riserless subsea well intervention
Well Intervention Solutions AS (Siem WIS), presented new technology for Increased Oil Recovery (IOR) using their subsea Riserless Well Intervention System at the recent investor presentation of Siem WIS and Siem Offshore.
Samson Receives Award from Marine Technology Society
Samson, the worldwide leader in performance cordage, was presented with the Industrial Compass Award at the Marine Technology Society’s (MTS’s) annual Awards Luncheon on September 16 during the OCEANS’08 MTS/IEEE conference in Quebec City, Canada. Samson was recoginized for its outstanding contributions to the advancement of marine technology.
Hitec Products deliver a Installation Workover Control System (IWOCS) to FMC
Hitec Products has delivered a "state of the art" Installation Workover Control System (IWOCS) to FMC Technologies Kongsberg for the StatoilHydro Gjøa project.
Jordbær field annonced a significant oil discovery
A significant oil discovery on the Jordbær prospect was today annonced by Revus Energy and BG group. The well has been tested with average oil rate of approximately 7 500 barrels per day. Jordbær discovery significantly increases the likelihood of additional discoveries in the area.
PA Resources spu Benita well offshore Equatorial Guinea
The drilling of an appraisal well has commenced on the Benita discovery located in Block I in Equatorial Guinea. Results from the drilling are expected to be available in the late second or early third quarter 2008.
First Subsea Europe event heads for London
A key conference to highlight opportunities and technologies in the booming subsea sector of the oil and gas industry will take place in London. Subsea Europe will bring together decision makers, political influencers and stakeholders in direct contact with subsea companies at the Business Design Centre in Islington on Thursday, October 30 (2008).
UK 25th Offshore Oil and Gas Licensing Round kicks off
A record breaking 2,297 blocks or part blocks in UK waters are on offer for exploration in the 25th Offshore Oil and Gas Licensing Round announced today by Secretary of State for Energy John Hutton.
StatoilHydro Awards WellDynamics Downhole Monitoring Equipment and SmartWell Completions Frame Agreement
WellDynamics, the leading provider of intelligent completion technology to the upstream oil industry, today announced that its Norwegian office, WellDynamics Norge a.s., has been awarded two frame agreements for work in the Norwegian North Sea by StatoilHydro, one of the world’s largest offshore oil companies.
RPSEA Announces Additional Projects for the Ultra-Deepwater Program
The Research Partnership to Secure Energy for America (RPSEA) announced today that an additional nine proposals have been selected for negotiations leading to an award under the Ultra-Deepwater Program (UDW). This program is focused on increasing the supply of natural gas and other petroleum resources in the U.S. in an environmentally responsible way.
Subsea 7 get UK installation contract for Ithaca
Subsea 7 today said that it has been awarded a contract by Ithaca Energy (UK) Limited for installation works in Block 12/21c of the UK Sector North Sea approximately 10.5km north east of the existing Beatrice Alpha facilities. The contract is valued in excess of US $22 million.
Technip take over oil and gas engineering company EPG
Technip today announced the acquisition of EPG (BV Ingenieursbureau EPG), a specialized engineering company with strong positions notably in the oil and gas and petrochemical sectors. Based in the Netherlands, EPG employs 120 people.
Integrated Operations for future success
StatoilHydro aims to be a global leader within integrated operations. This is one of three selected focus areas across the organisation, chief executive Helge Lund said at the Intelligent Energy conference in Amsterdam on 25 February.
Perry Slingsby to supply subsea workclass ROV to Technip
Leading supplier of remote intervention technologies and equipment Perry Slingsby Systems (PSS) has secured a contract to supply a workclass ROV system and equipment to Technip. The agreement will see PSS deliver a Triton® XL47 system, Dynacon winch, surface power and control equipment and surface control van
Blane partner Roc Oil update progress on water injection drilling
One of the partners in the Blane field in the North Sea, Roc oil, today updated on the progress. Diamond Offshores Ocean Princess is currently on location. The well be completed late April 2008.
Bennex is delivering UTH's and electronic bottles/jumpers for the FMC RLWI project
Bennex is delivering two Riser Light Well Intervention (RLWI) MKII UTH (Umbilical Termination Head) systems for FMC Kongsberg Subsea (FKS). The systems will be used for maintenance of sub sea wells without using Riser - DP ships.
Grenland wins more subsea structures orders from FMC
Grenland Group has received additional orders from FMC Technologies in Kongsberg for the fabrication, assembly and testing of subsea structures as a part of FMC’s deliveries to Woodside’s Pluto LNG Project.
Tordis separation and injection improving recovery
The world's first complete subsea solution for separating and injecting water and sand from the wellstream is on stream and creating added value at the Tordis field.
Acergy to install Siri to Nini WI subsea pipeline for DONG
Acergy announced today the award of a second call-off contract under the offshore engineering and construction Frame Agreement with DONG Energy for approximately $60 million. The work include installation of a 32 km 10" water injection pipeline between the Siri and Nini platforms.
Advances in Oil and Gas Leasing, Drilling and Production Continue in Deepwater Gulf of Mexico
With approximately 72 percent of the Gulf of Mexico’s oil production coming from wells drilled in 1,000 feet (305 meters) of water or greater, advancement into deepwater Gulf of Mexico (GOM) continues as offshore operators meet the challenges presented in exploring and developing this energy frontier.
Technip get White Rose field subsea EPCI contract
Technip has been awarded by Husky Oil Operations Limited, a subsidiary of Husky Energy, a major engineering, procurement, installation and commissioning (EPIC) contract for the development of the White Rose oil field’s North Amethyst Satellite.
Deepflex get funding to expand subsea technology and capacity
DeepFlex, Inc., the world’s only manufacturer of flexible, unbonded, non-metallic composite pipe for use in deepwater and ultra deepwater oil and gas production, announced today that it has sold $33 million of Series C Preferred Stock.
FMC win Troll B subsea trees and flowbase contract
FMC said today that it received an award from StatoilHydro to supply subsea equipment for its Troll B gas injection project in the Norwegian North Sea. The contract is valued at approximately $38 million and includes two subsea trees and associated flow base systems, wellheads, tubing hangers and related control and communication systems.
Bjørge to deliver subsea monitoring system to FMC
Bjørge has signed a LOI with FMC for the supply of Naxys condition and leak monitoring systems, to be used on the new subsea production systems on the Ormen Lange and Vega fields. The Vega field is located approx. 80 km west of Florø. The contract has a value of 20 million NOK.
Talisman Announces First Oil From the Wood Field in the North Sea
Talisman North Sea Limited, a wholly owned subsidiary of Talisman Energy Inc. (TSX:TLM) (NYSE:TLM), has commenced production from the Wood Field. The field is expected to produce at a peak rate of 6,000 bbls/d of oil and 16 mmcf/d of natural gas. The new facilities will allow the export of an additional 9 mmcf/d from the Montrose, Arbroath, Arkwright and Brechin ("MonArb") fields.
Douglas-Westwood Completes its 500th Project
Energy business analysts Douglas-Westwood Limited recently completed their 500th project since formation in 1990. The work was for Scottish Enterprise, a key client for the firm since its beginnings.
BP Subsea Projects and Exploration Update
BP started production at five BP-operated major projects: Mango and Cashima in Trinidad, Atlantis and King Subsea Pump in the Gulf of Mexico and Greater Plutonio in Angola. Additionally, BP had first production from the Denise field in Egypt,
Transocean to drill for StatoilHydro at Mizzen offshore Canada
StatoilHydro will drill its first offshore prospect as operator in Canada in the fourth quarter of 2008, at the Mizzen prospect off the east coast of Newfoundland and Labrador. The Transocean rig, Henry Goodrich, has been secured for the operation.
Helix Receives LOI for Santos Operated Project Offshore Australia
Helix Energy Solutions (NYSE: HLX) announced today that it has received a Letter of Intent ("LOI") for the installation of the subsea infrastructure for the VIC/P44 Stage 2 Development project in the Otway Basin offshore Australia. Participants in the VIC/P44 permit are Santos Limited (Operator) 50%, Peedamullah Petroleum Pty Ltd (Australian Worldwide Exploration) 25% and Mitsui E&P Australia Pty Ltd. 25%.
Subsea deal cements long standing business arrangement
UK based FMC Technologies has appointed Express Engineering to project manage and supply critical subsea tubing hanger kits to its manufacturing facilities in Dunfermline.
Perry Slingsby Systems Secures Contract with DOF Subsea
Leading provider of remote intervention technologies and equipment Perry Slingsby Systems (PSS)
has secured a contract to supply 10 new generation Triton® XLX ROV systems to offshore survey,
IMR, construction support and engineering contractor, DOF Subsea.
Clough to install Apache Reindeer offshore facilities offshore Australia
Clough Limited said today that it has been awarded a contract by Apache Energy valued at circa $200m for the installation of the Reindeer Gas Field Development offshore facilities. The Reindeer Gas Field lies in the Dampier Sub basin on the Northwest Shelf, offshore Western Australia.
Petrofac secures Northern Producer and submits field development plans for Don Area Developments
Petrofac, the international oil & gas facilities service provider, announces that its Energy Developments division has signed an agreement, as operator, on behalf of itself and its co-venturers, with Sea Production Limited, a wholly owned subsidiary of Northern Offshore Limited, for the provision of the Northern Producer floating production facility.
Triton Group broadens subsea offering with new acquisition
Triton Group has taken another significant step forward in its plans to become a world-leading group of subsea technologies and services with the acquisition of an underwater digital video systems company. The Aberdeen-based group has completed the deal to acquire VisualSoft - its eighth acquisition since forming in 2007. The deals to date are worth, in total, more than £100 million.
Expro is Subsea Company of the Year
International oilfield service company Expro has won the coveted ‘Subsea Company of the Year’ award at the Subsea UK Business Awards 2008.
Dolphin Drilling get 3 year drilling contract for semi-sub Byford Dolphin
Dolphin Drilling Ltd., a subsidiary of Fred. Olsen Energy ASA, has received a Letter of Award for a three year contract for the semi-submersible drilling rig Byford Dolphin for operations in the UK North Sea.
Submec Offshore turns to Perry Slingsby Systems for ROV systems
Submec Offshore has awarded leading supplier of remote intervention technologies and equipment Perry Slingsby Systems (PSS) a contract to supply Triton® XLX 33 and 34 ROV systems. The deal caps a successful month which has seen the Florida - based company land a string of contracts worth in excess of $17 million.
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does anyone use alphatrade
jchawk, there are some crdit cards company's are cutting you credit line into 1/2 and they don't tell they did it.
jchawk, on a guess, are they trying to cover there short's, or some folk's that need cash to pay the family's bill's because the credit card company's are closing there account.
i wonder sometimes if dpdw should invested into a assemble line like old man ford did.
wow that's is long banks
Sulphur Mt., wow it sure is long as one of those semi truck's, that's what i been told it a HUGH project......
sulphur mt. do you know what it is
sulphur mt. do you see any big project being build, inany of there warehouse
Japanese investors hope to tap the potential of Brazil
By Chikako Mogi ReutersPublished: September 11, 2008
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TOKYO: Individual investors in Japan have ramped up their bets on Brazil, which may be one emerging market to dodge the global slowdown comparatively unharmed thanks to its vast natural resources and political stability.
Faced with an annual return of just half a percent on short-term deposits at home, Japanese investors are continually looking for higher yields elsewhere. And the credit crisis has led them to be more selective about how to achieve those returns, since the turmoil created by the deteriorating U.S. housing market has underscored the risk of investing in developing countries.
But analysts say the potential of Brazil is outweighing those concerns - despite a drop for the Brazilian currency, the real - because its economy, the largest in Latin America, is much better cushioned against external shocks than other resource-rich nations, which should allow it to recover faster when the current phase of global weakness has passed.
"Brazil stands out at a time when investors are poring over fundamentals," said Takeshi Iio, a senior fund manager at Mitsubishi UFJ Asset Management.
The amount invested in Japanese toushin, or mutual funds, that focus on Brazil and Latin America nearly doubled to ¥879.4 billion, or $8.2 billion, as of the end of July from ¥484.3 billion at the end of last year, according to Reuters data. The amount invested in Brazil by toushin funds is even higher than the amount invested in China, and was surpassed only by the amount invested in India.
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Brazil was given an investment-grade sovereign credit rating in April, opening the door to foreign investors whose funds restrict them from putting money into risky assets.
"Brazil puts priority in containing an economic bubble, and its moderate growth rate reflects its will to ensure sustainable and stable growth," said Shuji Nishimura, an economist at the Japan Center for International Finance who specializes in Brazil.
Bradesco, the largest private-sector bank in Brazil, signed an agreement with Mitsubishi UFJ Financial Group in August to sell funds that invest in Brazilian assets to Japanese retail investors.
Masafumi Yamamoto, head of foreign exchange strategy for Japan at Royal Bank of Scotland, said the real could be the next currency of choice for issuers of uridashi bonds, foreign currency bonds that are sold directly to wealthy Japanese investors.
"Uridashi bonds in such high-yielding currencies as the South African rand have been growing, but interest is shifting recently to currencies with higher yields than South Africa," he said in a research note. South African interest rates stand at 12 percent.
The benchmark lending rate in Brazil, the Selic, stands at 13.75 percent, a level that is expected to help investors overcome any further currency losses if they hold onto their investments for two to three years, said Iio, of Mitsubishi UFJ Asset Management.
Brazil's efforts to curb inflation could prove to be a double-edged sword, since tight monetary policy, which usually increases the value of a country's currency, can also slow economic growth.
But analysts said that Brazil's vast natural resources, which have been bolstered by recent discoveries of large oil deposits, leave scope for self-sufficiency. They also noted that geopolitical risks in the country are low - the country has not been at war in more than a century - and the political horizon appears stable, with the current government set to remain in place until 2010.
"Supply in resources will likely remain tight due to the long-term outlook of growing global population, urbanization of developing countries and robust domestic demand - which makes investment in Brazil rational even if there is the risk of the currency depreciating over the next year or so," Iio said.
The real recently touched a nine-year high against the dollar as the Brazilian central bank, anxious to avoid the hyper-inflation that has beset the country in the past, maintains tight monetary policy, even after raising benchmark interest rates by a combined 2.5 percentage points since April.
Several analysts say the real has scope to fall from around 1.6780 to the dollar to around 1.8 or 1.9 by the end of this year.
Japanese companies are also increasing their investments in Brazil, and analysts say that the stock of foreign currency reserves and capital inflows give the Brazilian authorities leeway to manage any major swings for the real.
After a record inflow in 2007, foreign direct investment to Brazil is expected to remain at similar levels this year, reaching $34 billion this year, analysts said.
Japanese direct investment has been gradually picking up as companies look to secure supplies of energy, food and raw materials, averaging ¥139.4 billion from 2005 to 2007
2H Offshore Commences Work for Transocean's Development Driller III Riser
by 2H Offshore
October 01, 2008
2H Offshore recently commenced work for Transocean's Development Driller III riser 2H(DDIII).
2H is contracted to carry out an independent integrity assessment of the deepwater riser and will determine its operating capacities for a variety of Gulf of Mexico environmental conditions.
"We are excited to be working with Transocean on this high profile new-build project", said Pete Padelopoulous, Principal Engineer. "We are dedicated to deliver a quality product on time and within budget. I'm pleased to be working on this because it demonstrates that 2H's presence in the industry's drilling sector is expanding."
2H's experience and understanding of the CLIP drilling riser system and it's response from the ongoing monitoring of the DD2 drilling riser was a key factor in being selected to work on the DDIII which will operate at a depth of 7,500 feet.
"Preparing a riser to operate at that water depth is a challenge we gladly accept," said Mike Campbell, manager-engineering projects. "2H has a great depth of experience and talent working in this arena, so we are eager to show off our abilities."
The DDIII is scheduled to be completed at the end of October this year
First Subsea Sets Depth Record with Perdido Mooring Connectors
by First Subsea Ltd
September 19, 2008
Subsea connector specialist First Subsea has set a new depth record for ball and taper mooring connectors. Ballgrab connectors have been successfully installed at a depth of 8,637 ft (2,632 m) to moor the Truss Spar for Shell’s Perdido Development project in the Gulf of Mexico, 200 miles south of Freeport, Texas in 8,000 feet (2,440m) of water.
All nine Ballgrab connectors have been installed for the nine taut-leg Chain-Polyester Rope-Chain mooring system. Designed with a minimum breaking load (MBL) of 3,880 kips (17260kN), the Ballgrab connectors are linking the Perdido suction piles and ground chain segments interfacing directly with long term mooring shackles.
The receptacle part of the connectors was installed subsea with the piles, mounted on a First Subsea connector docking porch. The insertion part of the connectors has now been installed to moor the Truss Spar.
“The First Subsea team did a great job. The Ballgrab connectors were installed on time and without any significant problems,” said Curtis J. Lohr, Perdido Spar & Mooring Team Lead.
Ballgrab mooring connectors are already in use on several Gulf of Mexico spars including Mad Dog, Red Hawk, and Constitution
Anadarko Makes Pre-Salt Discovery at Wahoo Prospect Offshore Brazil
by Anadarko Petroleum Corp.
September 30, 2008
Anadarko Petroleum Corporation has announced a pre-salt discovery at the Wahoo prospect offshore Brazil in the Campos Basin. The 1-APL-1-ESS well, drilled by the drillship Deepwater Millennium, is located on block BM-C-30 in approximately 4,650 feet of water approximately 25 miles southeast and syncline separated from Petrobras' previously announced pre-salt discoveries at the giant Jubarte field.
Preliminary results at Wahoo, based on wireline logs, indicate at least 195 feet of net pay with similar characteristics to the nearby Jubarte 1-ESS-103A well, which is Brazil's first producing pre-salt field having recently achieved reported initial rates of approximately 18,000 barrels per day of light oil.
"Our first operated pre-salt test in Brazil is a resounding success as we're seeing data that mirrors other very significant pre-salt discoveries in this prolific area," Anadarko Sr. Vice President, Worldwide Exploration Bob Daniels said. "It's still early in the process, and we plan to continue drilling toward additional targeted objectives to a total depth of approximately 20,000 feet. The positive results so far provide encouragement and validate our decision to relocate the Transocean Deepwater Millennium drillship to Brazil to execute our ongoing pre-salt exploration program, which includes at least four additional wells in the deepwater Campos and Espirito Santo basins through the middle of next year."
The Wahoo well is currently drilling at approximately 18,400 feet. In order to fulfill the work program, the partners have run a full suite of wireline logs including porosity tools. The partners plan to conduct additional logging, including pressure and fluid sampling, once the well reaches total depth, with the potential to conduct a drillstem test at a later date. Following operations at Wahoo, Anadarko anticipates moving the Deepwater Millennium drillship to the Serpa prospect (30-percent working interest) on BM-ES-24 to re-enter the prospect where the initial well encountered pre-salt hydrocarbon-bearing zones in secondary objectives and did not reach the primary objective because of rig limitations.
"Our exploration program continues to create substantial value for Anadarko, with world-class discoveries in the Gulf of Mexico at the Caesar/Tonga complex, offshore Ghana at the Jubilee field and now the growing potential of our pre-salt opportunities in Brazil," Anadarko Chairman and CEO Jim Hackett said.
Anadarko, through a wholly owned subsidiary, holds a 30-percent working interest and is the operator of BM-C-30. Devon Energy Corp. holds a 25-percent working interest, EnCana Brasil Petroleo Limitada, a wholly owned subsidiary of Bharat PetroResources Limited and Videocon Industries, holds a 25-percent working interest and SK do Brazil Ltda., holds the remaining 20-percent working interest