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Oceaneering (OII) & Stork Win Deals Worth $6.5M From Neptune Zacks.com 1/19/2021
Oceaneering International, Inc. OII along with engineering and construction firm
Fluor Corporation s FLR subsidiary Stork has clinched integrity management and fabric maintenance contracts on Neptune Energy s Cygnus gas production facility, offshore the UK.
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Cygnus is integral to the UK North Sea energy infrastructure with a capacity to produce nearly 6% of UK domestic gas demand. It is jointly held by Neptune Energy, the operator with 38.75% interest and Spirit Energy with 61.25% stake.
Valued at $6.5 million, the deals are awarded to Oceaneering and Stork under a three-year agreement with an option of two one-year extensions. Per the terms of the pact, oilfield services provider Oceaneering will supply integrity management services to the gas platform. These include pressure systems, structural, pipeline, erosion management as well as offshore inspection services. Meanwhile, S
An incident which led to two fatalities occurred while work was being performed in a cargo tank onboard the FPSO Espoir Ivoirien.
An incident which led to two fatalities occurred while work was being performed in a cargo tank onboard the FPSO Espoir Ivoirien, BW Offshore has revealed.
The incident, which was caused by a leakage of hydrocarbons into the tank where the work was being conducted, took place at 1.30pm local time on January 14. The vessel was operating on the Espoir field offshore the Ivory Coast.
BW Offshore noted that next of kin had been informed and that production had been shut down. The leak was said to have been contained within the cargo tank, with all personnel accounted for. The FPSO is operated by BW Offshore for CNR International. Both companies are cooperating with local authorities in addressing the situation, BW Offshore confirmed.
Maersk Drilling announced Friday that it has received notice of early termination of a one-well contract with Dana Petroleum Denmark B.V.
Maersk Drilling announced Friday that it has received notice of early termination of a one-well contract with Dana Petroleum Denmark B.V.
Maersk outlined that it expects to receive compensation for the cancellation in the form of a termination fee. The contract, which was first announced in the company’s May 2020 fleet status report, was originally expected to commence in May last year. Maersk announced in October 2020 that the contract had been deferred and that the updated date of commencement would be determined at a later stage.