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GENERAL NEWS

Shetland Bidding to Become Global Leader in Decommissioning

Shetland is bidding to become a global leader in a multi-billion pound industry as a result of over £20million of investment announced by Cabinet Secretary John Swinney.

 

A set of multi-million pound investments by Lerwick Port Authority and international energy logistics company Peterson aims to create a decommissioning centre of excellence around Lerwick.

 

Lerwick Port Authority (LPA) is undertaking a £11.95m quayside infrastructure project at Dales Voe South in order to support the development of oil and gas decommissioning in Shetland. The expansion will support around 120 permanent island jobs.

 

 In addition, Peterson (United Kingdom) Ltd is proposing investments up to £8.64m in its ‘Deep Water Shetland’ project to further support and expand its existing decommissioning capability. Working jointly with its partners in decommissioning, Veolia, the project could create around 67 high value jobs and add around £10m to the local economy.

GENERAL NEWS

FMC Technologies Breaks Ground on New Campus at Generation Park

  FMC Technologies, Inc. (NYSE: FTI) today announced that it has broken ground on a new campus at Generation Park, located on the northeast corner of the Sam Houston Tollway (Beltway 8) in Houston, Texas.

 
Within the next 10 years, the company's goal is to consolidate all of its 10 Houston facilities—including its corporate headquarters—to a single, state-of-the-art campus.

GENERAL NEWS

Deep Trekker DTG2 ROV Aids in the Recovery Investigation of South Korea Ferry.

The dangerous waters in South Korea have made the search and recovery efforts for the Ferry Sewol disaster on April 16th, 2014 painstakingly difficult. With the death toll rising to beyond 120 victims, Websolus Co., Ltd. - a Deep Trekker dealer in South Korea, has offered the help of the DTG2 ROV to carry out the inspections without putting more divers at risk. The use of ROVs in such a dire situation, allows searchers to inspect areas that are too dangerous for divers to search for possible survivors on the sea floor and within the interior of the ship.

GENERAL NEWS

Angola - Total Launches Kaombo Ultra Deep water project

  Located approximately 260 km offshore Luanda in water depths ranging from 1,400 to 1,900 meters, the Kaombo project will develop six of the 12 discoveries already made on Block 32. The six fields (Gengibre, Gindungo, Caril, Canela, Mostarda and Louro) cover an area of 800 km2 in the central and southeast part of the block.

 

GENERAL NEWS

Bibby Remote Intervention Expands its Fleet

  Bibby Remote Intervention Limited (BRIL), part of Aberdeen-based subsea installation contractor, Bibby Offshore, has further expanded its fleet by signing a charter agreement for an IRM (Inspection Repair and Maintenance) light construction vessel and adding an additional two ROVs (Remote Operating Vehicles) to its operations.

 
The charter agreement with Olympic Shipping is for a newly built MT6021 vessel for a three year period, with options to extend for an additional two years. The vessel will be mobilised with ROV's from BRIL and is expected to arrive in Aberdeen in early April next year.

GENERAL NEWS

Unmanned Underwater Vehicles Market worth $4.84 Billion by 2019

DALLAS, March 28, 2014 /PRNewswire/ --

According to new market research report "Unmanned Underwater Vehicles Market by product [ROV (Remotely Operated Vehicles) and AUV (Autonomous Underwater Vehicles)], Application (Defense, Oil and Gas, Scientific Research) & by Geography (North America, Europe, Asia-Pacific, The Middle-East, Latin America, ROW) - Forecasts & Analysis (2014-2019)", published by MarketsandMarkets, is projected to cross $4.84 Billion by 2019, growing at a high CAGR from 2014 to 2019.The global ROV market is estimated to be $1.2 Billion in 2014 and expected register a CAGR of 20.11% in 2019. The global AUV market is estimated to be $457 Million in 2014 and expected register a CAGR of 31.95% in 2019.

 

GENERAL NEWS

UNESCO Welcomes Total’s Renewed Commitment Not To Conduct Operations In World He

 The United Nations Educational, Scientific and Cultural Organization (UNESCO) welcomed Total’s confirmation that it would refrain from conducting operations in World Heritage List sites, calling it “a landmark decision by one of the major oil companies.”

GENERAL NEWS

Successful Placement of New Unsecured Bond Issue

 DOF ASA has successfully completed a new unsecured bond issue of NOK 700 million, with a borrowing limit of NOK 800 million, and a maturity date in February 2018 with a coupon of NIBOR + 4.75%. An application will be made for the bonds to be listed on the Oslo Stock Exchange. 

GENERAL NEWS

Production Begins at West Chirag in the Caspian Sea

 The Azerbaijan International Operating Company (AIOC), operated by BP, announced the start-up of oil production from the West Chirag platform as part of the Azeri-Chirag-Gunashli (ACG) field development in the Azerbaijan sector of the Caspian Sea. Start-up of the West Chirag platform completes the Chirag Oil Project (COP) sanctioned in 2010.

GENERAL NEWS

Innovative low cost ROV for small companies

A relative newcomer to the industry, the DTG2 is its first commercial offering and at present boasts a few hundred units in the field. Deep Trekker's stated mission is to "give anyone on earth the opportunity to explore the depths of our vast oceans, seas, lakes, or rivers with an ROV". A starting price of just under $3,000 should put it well within reach of most small companies.


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