Daily Archives: February 23, 2012
|This week the SubseaIQ team added 14 new projects and updated 47 projects. You can see all the updates made over any time period via the Project Update History search. The latest offshore field develoment news and activities are listed below for your convenience.|
- Anadarko Strikes More Mozambique Gas (mb50.wordpress.com)
- Another Success Offshore Mozambique for Anadarko (mb50.wordpress.com)
- Recap: Worldwide Field Development News (Feb 10 – Feb 16, 2012) (mb50.wordpress.com)
- ExxonMobil, OMV Petrom Strike Gas Offshore Romania (mb50.wordpress.com)
- Hyperdynamics Halts Drilling Offshore Guinea (mb50.wordpress.com)
- Recap: Worldwide Field Development News Feb 3 – Feb 9, 2012 (mb50.wordpress.com)
- PGS to Start Seismic Survey at Corentyne Licence, Offshore Guyana (mb50.wordpress.com)
- Noble Energy Discovers Significant Gas Discovery Offshore Cyprus (mb50.wordpress.com)
- Anadarko Makes Substantial Gas Discovery Offshore Mozambique (mb50.wordpress.com)
- Recap: Worldwide Field Development News (Jan 27 – Feb 2, 2012) (mb50.wordpress.com)
Lisa Odendaal’s entry into the 2012 New Model Search sums up the spirit of the competition. An absolutely stunning entrant, great photography, swimwear and a beach.
If you look at the pictures for too long you could drift off into a happy place and forget all about sitting at your desk doing your job with your boss breathing down your neck. That’s the feeling we like to create here at Sports Illustrated HQ.
So we needed to reward Lisa for helping us do this – and what better way to do that than the NMS Girl Of The Day badge. Well done Lisa.
Remember to VOTE FOR LISA!
- Kate Upton Covers Sports Illustrated Swimsuit Issue (sugarslam.com)
- Sports Illustrated Swimsuit Covers: Kate Upton and 19 Hottest SI Models of All Time [PHOTOS] (ibtimes.com)
- All About Kate Upton’s Sexy ‘Sports Illustrated’ Cover Look (stylenews.peoplestylewatch.com)
Genesis has been awarded an Enterprise Framework Agreement by Shell Global Solutions International B.V., covering Subsea Umbilical Risers and Flowlines (SURF), Engineering and Project Management Services.
The contract duration is 5 years, with the option to extend for an additional 5 years and will cover the supply of services to support all of Shell’s SURF projects on a worldwide basis. The contract will focus on Shell’s activities in the Gulf of Mexico and Brazil and will initially be managed from the Genesis office in Houston, Texas.
John Cambridge, Managing Director of Genesis, stated: “We are very excited about this contract with Shell. It demonstrates the impact that the newly integrated Genesis organization is having on the worldwide subsea engineering market.”
Genesis is a market-leading engineering company focused on providing engineering and technical services to the global upstream oil and gas industry. The company’s services are utilised by oil and gas companies during its planning and development phase of oil and gas projects and in the execution of subsea onshore and offshore engineering projects. Its clientele includes super-majors and national oil companies, as well as small independents.
- Shell Awards Subsea 7 with Two Gulf of Mexico Contracts (mb50.wordpress.com)
- Norway: Technip to Install Subsea Compression System on Asgard (mb50.wordpress.com)
- USA: Shell Sets World Record for Deepest Subsea O&G Well at Perdido Development (mb50.wordpress.com)
- Swire Acquires Norway’s Subsea Specialist (mb50.wordpress.com)
- USA: Technip Rings Tubular Bells (mb50.wordpress.com)
SEACOR Marine has reached an agreement with Superior Energy Services L.L.C. to purchase 18 liftboats for $134 million plus working capital.
The transaction is expected to close by the end of March 2012, subject to regulatory approvals. All of the liftboats are currently located in the U.S. Gulf of Mexico.
U.S.-based SEACOR Marine, a subsidiary of SEACOR Holdings Inc., operates a fleet of offshore marine support vessels, serving the global offshore oil and gas exploration and production industry worldwide with operations and infrastructure concentrated in the United States, Latin America, North Sea, West Africa, Southeast Asia, and the Middle East.
- Ezion to Provide Service Rig for Operations Offshore Myanmar (mb50.wordpress.com)
- SEACOR Sells Environmental Businesses to Private Equity Firm (gcaptain.com)
Helix Energy Solutions Group, Inc., reported net income of $16.8 million, for the fourth quarter of 2011 compared with a net loss of $49.8 million, for the same period in 2010. Net income for the year ended December 31, 2011 was $129.9 million, compared with a net loss of $127.1 million, for the year ended December 31, 2010.
Owen Kratz, President and Chief Executive Officer of Helix, stated, “when filtering out the impairments, much of which were associated with declining economics on our natural gas properties, Helix booked another strong operational quarter and generated a relatively significant amount of free cash flow.”
Subsea Construction and Robotics revenues decreased in the fourth quarter of 2011 compared to the third quarter of 2011 primarily due to decreased utilization of our mobile pipelay equipment and lower activity levels at our onshore spoolbase facility. Overall our utilization rate for our owned and chartered vessels increased to 91% in the fourth quarter of 2011 from 86% in the third quarter of 2011. ROV and trenching utilization increased to 69% in the fourth quarter of 2011 compared to 67% in the third quarter of 2011.
Well Intervention revenues decreased in the fourth quarter of 2011 due primarily to lower day rate work performed in the North Sea coupled with the mobilization of the Well Enhancer to West Africa. Vessel utilization in the North Sea decreased to 96% in the fourth quarter of 2011 from 98% in the third quarter of 2011. Vessel utilization in the Gulf of Mexico (Q4000) was 100% in the fourth quarter of 2011. On a combined basis, vessel utilization decreased slightly to 98% in the fourth quarter of 2011 compared to 99% in the third quarter of 2011.
Oil and Gas revenues increased in the fourth quarter of 2011 compared to the third quarter of 2011 due primarily to slightly higher oil and gas production and higher oil prices. Production in the fourth quarter of 2011 totaled 2.24 MMboe compared to 1.95 MMboe in the third quarter of 2011.
The average price realized for oil, including the effects of settled oil hedge contracts, totaled $110.75 per barrel in the fourth quarter of 2011 compared to $100.93 per barrel in the third quarter of 2011. For natural gas and natural gas liquids, including the effect of settled natural gas hedge contracts, we realized $6.16 per thousand cubic feet of gas (Mcf) in the fourth quarter of 2011 compared to $6.15 per Mcf in the third quarter of 2011.
Oil and gas production has averaged approximately 24 thousand barrels of oil equivalent per day (Mboe/d) year-to-date through February 21, 2012, compared to an average of 24 Mboe/d in the fourth quarter of 2011.
Helix Energy Solutions Group, headquartered in Houston, Texas, is an international offshore energy company that provides development solutions and other key life of field services to the energy market as well as to its own oil and gas business unit.
- USA: Helix to Build New Semi-Sub Well Intervention Vessel (mb50.wordpress.com)
- UK: Talisman Selects Helix Well Ops for Subsea Works on Its Assets (mb50.wordpress.com)