Aker BP Q1 Swings to Record Operating Profit
Norway's Aker BP posted record first-quarter operating profit and revenue on higher prices and production on Wednesday as the independent oil and gas producer looks to approve several developments this year.Earnings before interests and tax (EBIT) of $591 million contrasted with a loss of $266 million a year earlier and was close to the $596 million expected by analysts in a Refinitiv poll."This is a strong quarter with good production and on-track oilfield developments, and the cash flow is record high," CEO Karl Johnny Hersvik told reporters."The cost measures we've been
Proserv Subsea Controls for IOG's SNS Development
Independent Oil and Gas (IOG) has awarded Proserv a complete subsea controls system contract for IOG’s Core Project Phase 1 development in the UK Southern North Sea.IOG's Core Project Phase 1 comprises the development and production of the Southwark, Blythe, and Elgood fields through a total of five wells with gas transported onshore via the Thames Pipeline.Proserv will be responsible for the engineering, construction, and installation of the subsea control system for the Elgood single-well subsea tieback. The system will consist of a master control station, subsea control module, subsea
IOG Taps Subsea 7 for North Sea Project SURF
Offshore installation company Subsea 7 has won a contract by Independent Oil and Gas (IOG) to provide Subsea, Umbilicals, Risers, and Flowlines (SURF) for Phase 1 of IOG's Core Project in the UK Southern North Sea.Subsea 7 will be responsible for the project management, engineering, procurement, construction, and installation of 35km of flow lines between the IOG's Southwark, Blythe, and Elgood fields, together with subsea structures, an umbilical, and associated subsea tie-ins.More precisely, Subsea 7 will provide a 6km 24-inch extension to the Thames Pipeline to the Southwark platform
Jadestone Starts RLWI Work at Montara
a riserless light well intervention (RLWI) campaign at the Montara complex, offshore Australia.The Sapura Constructor light well intervention vessel was mobilized to the field on May 30, 2019, and, after conducting pre-work safety checks, is now operating at the Skua-11 well, as planned, the independent oil and gas company said.The RLWI program, which is said to be a first-of-its-kind project in Australia, is intended to restore gas lift to the Skua-11 and Swift-2 wells, perforate additional sands in the Swallow-1 well, and unlock new heel volumes in the Skua-11 well.Paul Blakeley, President and CEO
Gardline Surveying for i3
Independent oil and gas company i3 Energy said Boslkalis' marine survey subsidiary Gardline is performing a site survey for its 2019 and 2020 drilling program at the Liberator development and Serenity prospect, as well as the pipeline route for its Liberator Phase I development offshore the UK.Gardline survey vessel Ocean Observer has begun working and is expected to complete the survey by the end of March, i3 said in an operational update on Friday.The survey will cover the locations of Liberator's Phase I production drill center and associated development wells, in addition to the planned
Bibby Offshore Bags Spirit Energy Contract
Subsea services provider Bibby Offshore said it has secured a fixed term framework agreement with independent oil and gas operator Spirit Energy.Awarded in April, the two-year agreement, which follows on from a previous five-year agreement, will see Bibby Offshore carry out inspection repair and maintenance (IRM) works, remotely operated vehicle (ROV) inspection and subsea survey operations across a number of North Sea structures and pipelines.The project will utilize Bibby Offshore’s diverse fleet capabilities, including its multi-role diving and ROV support vessel, Bibby Sapphire, a Quasar
![Typical 100t pipeline suction anchor, installed on Greater Plutonio field, offshore Angola [Jayson et al – Offshore Pipeline Technology Conference 2008]](https://images.marinetechnologynews.com/images/maritime/w200h200padcanvas/typical-100t-pipeline-69921.jpg)
Partners Address Pipe-walking Challenges
systems which could mitigate the risk of pipeline walking and cut pipeline anchor installation costs in half. The Anchoring Pipeline Technology (APT) JIP will bring together major global operators and pipeline installation companies to collaborate with ITF and Crondall Energy, an independent oil and gas consultancy, to investigate alternative and less costly solutions and create a roadmap on how to manage and mitigate the pipe-walking challenge. David Bruton, Director Subsea, Crondall Energy, said, “There is much uncertainty over walking rate predictions in design, leading
Florence Joins InterAct as Sr. Reservoir Engineer
Francois Florence has joined InterAct as a Senior Reservoir Engineer. Florence brings to the role 10 years of experience working with a large independent oil and gas operator in the LA Basin, with a background in reservoir engineering and production operations. His reservoir knowledge brings expertise in waterflood management, field development and reservoir simulation. As a Production Engineer, his experience includes managing well maintenance, daily production and injection with a focus on asset optimization. Florence has a great deal of experience managing large scale projects including
SensorView Reduces Non-productive Rig Time at Ichthys
Software that enables acoustic data to be streamed in real-time from subsea structures as they are installed has helped to reduce non-production time (NPT) for independent oil and gas producer, INPEX, and its survey contractor, Neptune Geomatics, during construction of the Ichthys gas field, offshore Western Australia. Supplied by subsea technology company Sonardyne Asia Pte. Ltd in Singapore, the SensorView software allowed data gathered by an acoustic transponder mounted on Tubing Head Spools (THS), to be transmitted at high speed to rig personnel monitoring the installation operations.
February 2025
