Subsea ///

Six-nation Mediterranean Gas Group forms, without Turkey, to “strengthen regional cooperation”

Greece, Italy, Egypt, Israel and two other countries will form a permanent organization to promote co-operation over natural gas in the Eastern Mediterranean. Turkey, which has raised tensions by exploring for the fuel in contested waters, is not as yet included.

Bidders line up for Exxon’s UK North Sea oil and gas assets

Exxon Mobil’s UK North Sea assets have attracted suitors from state-owned companies to private equity-backed firms as the U.S. oil giant seeks to exit the aging region altogether, according to people with knowledge of the matter.

U.S. looks to close liability loopholes for bankrupt offshore oil producers

The Interior Department is proposing rules to strengthen the issuance criteria after companies have filed for Chapter 11 and escaped financial obligations to cap their non-producing wells, said Walter Cruickshank, acting director of the department’s Bureau of Ocean Energy Management.

Oceaneering, Danos Win 2020 NOIA Safety in Seas Awards

The National Ocean Industries Association (NOIA) announced that Oceaneering and Danos are the winners of the 2020 NOIA Safety in Seas Awards competition. Oceaneering was selected for the 2020 NOIA Safety in Seas Safety Practice Award, and Danos is recognized for the 2020 NOIA Safety in Seas Culture of Safety Award.

Fugro awarded ONGC 3-year contract for integrated survey services fourth time in a row

Oil and Natural Gas Corporation Limited (ONGC) in India has awarded Fugro a 3-year contract to provide integrated survey services for the fourth consecutive time.

UK projects up to 20 billion barrels of oil remain to be found offshore

The OIl & Gas Authority believes that maximizing the economic recovery of the UK’s remaining oil and gas need not be in conflict with the energy transition, and that the industry has the skills, technology and capital to help unlock the solutions required to help the UK achieve net zero.

Husky sees an uncertain future for West White Rose and other offshore Canada operations

“Unfortunately, the delay caused by COVID-19 and continued market uncertainty leaves us no choice but to undertake a full review of the project and, by extension, our future operations in Atlantic Canada," said Husky CEO Rob Peabody.

OGUK sees government licensing review shine a light on a changing industry

The leading representative body for the UK’s offshore oil and gas industry has embraced a UK government review into future licensing rounds as an opportunity to shine a light on how the sector is changing to support the country’s climate ambitions while still ensuring it contributes to the UK’s ongoing security of energy supply.

DNV GL’s remote in-water ship surveys using ROV mark a world first

The world’s first in-water remote ship surveys using a remotely operated vehicle have been completed by leading classification society, DNV GL.

Energean successfully completes installation of Energean Power FPSO suction anchors at the Karish Field Development

In fewer than 3 weeks, 13 piles of 7.5m diameter, 19m height, and weighing 176 tons each plus one pile of 9m diameter, 17m height, and weighing 233 tons have been installed on the seabed, in water depths ranging from 1,695m to 1,763m.

Film-Ocean invests in designing and manufacturing a compact ROV Launch and Recovery System

Film-Ocean, an ROV specialist for the oil, gas and offshore renewables sectors, has recently invested a six-figure sum in the design and manufacture of its latest compact ROV launch and recovery system (LARS).

High costs, low oil prices increasing financial risks for deepwater drillers

Firms including Transocean, Seadrill and Pacific Drilling are exploring strategic options as they seek to stave off default, leaving more than $30 billion of debt at risk. The industry’s turmoil has sparked the biggest wave of restructurings since 2017, when the effects of the last oil price downturn reverberated through the industry.

Wild Well Control and Oil Spill Response sign strategic alliance agreement for increased response capabilities

The collaboration between WWC and OSRL has been strategically implemented to further enhance the capabilities of the Global Subsea Response Network’s services, as provided through OSRL’s Subsea Well Intervention Services.

Fugro performs first fully remote platform inspection on UK continental shelf

Fugro has delivered the first fully remote inspection of an oil and gas platform in UK waters, 250 km east of Scotland, using a remotely operated vehicle and Fugro’s state-of-the art remote operations centre in Aberdeen.

Lightweight, modular subsea components designed to reduce ownership costs by 50%

Svein Stromberg, Baker Hughes

Applying new digital tools, structured planning and risk management expertise is essential to reducing costs in mature subsea projects.

Norway to tackle $100 billion P&A liabilities with new oilfield tech

North Sea nations and oil companies face costs of more than $100 billion to shut down old wells in the depleted region. Researchers in Norway believe they can cut that figure dramatically.

Oceaneering wins inspection services scope in Angola from CABGOC

Oceaneering International’s Asset Integrity group has secured a three-year contract with Cabinda Gulf Oil Company Limited (CABGOC), a Chevron subsidiary. Oceaneering will provide inspection services onshore Cabinda, Angola, and offshore Angola on Blocks 0 and 14. The contract is scheduled to begin in Q2 2020.

BSEE shares results from 28 unannounced spill response exercises in U.S. waters

BSEE is publishing its inaugural report that summarizes the key lessons learned from 2018 and 2019 government initiated unannounced exercises.

TechnipFMC lands three subsea construction projects offshore Norway

The projects in scope are Breidablikk and the Gas Import System for the Snorre Expansion Project, for which contracts have been awarded, and Askeladd Vest, for which a letter of intent has been issued. The Breidablikk contract has subsea installation as an option.

Trendsetter introduces modular offshore intervention system

Trendsetter Engineering introduced its Trident Intervention System, designed for rapid reconfiguration in the field, providing the flexibility to conduct intervention riser, riserless wireline intervention and hydraulic stimulation operations all with a single system.