The keel laying ceremony for Subsea 7’s new reel-lay vessel took place at Royal IHC in Krimpen aan den IJssel (Netherlands) on July 5, 2018. In line with this major milestone Subsea 7 announced the vessel will be named Seven Vega, which is the winning suggestion of an employee vessel naming competition.

Oil Market Narrative Quickly Turns Very Bullish

The Troll oil and gas field is the most prolific field on the Norwegian continental shelf (NCS), with more than half of its reserves still remaining after over 20 years of production.

Maritime Assurance & Consulting (MAC), a Bureau Veritas company, has been awarded a high value contract from Chrysaor for marine assurance services, that also incorporates engineering, DP assurance, marine warranty surveying (MWS), project assurance and compliance services.

Churchill Drilling Tools, a leading oilfield service company specializing in drilling innovation, has revealed that its flagship tool, the DAV MX™ CircSub, made a major contribution to a recent successful Managed Pressure Drilling (MPD) run in the North Sea.

Industry leaders have, this month, joined together to shape the future of decommissioning through the formation of the Decommissioning Leadership Group (DLG). Conceived and managed by Decom North Sea, the DLG held its inaugural meeting at The Chester Hotel in Aberdeen earlier in June with the mission to set out a strategy for leading the development of an efficient and effective oil and gas decommissioning sector.

Harvey Gulf International Marine announced that it has completed its financial restructuring and emerged from Chapter 11 Bankruptcy proceedings. This marks the completion of the Plan of Reorganization approved by the bankruptcy court, just 77 days following Harvey Gulf’s prepackaged filing.

Total and Pavilion Energy, through their subsidiaries Total Marine Fuels Global Solutions and Pavilion Gas, have signed Heads of Agreement (HoA) to jointly develop a Liquefied Natural Gas (LNG) bunker supply chain in the port of Singapore.

Damen showed two new Fast Crew Supply vessels to the world for the first time on the 3d of July at the 2018 Seawork International Exhibition and Conference, currently underway in Southampton, UK. The FCS 2710 and FCS 1204 received their first public viewings and the naming ceremony for the FCS 2710 was also held on the opening day of the show.

Tim Charters has been promoted to Vice President of Governmental and Political Affairs at the National Ocean Industries Association (NOIA). Tim joined NOIA as a Senior Director in June of 2017, after serving as Vice President of Governmental and Regulatory Affairs at the National Stripper Well Association.

On July 3, Equinor and partners in the Troll license submitted the plan for further development of the gigantic Troll field on the Norwegian continental shelf (NCS) to the Ministry of Petroleum and Energy.

Slated for launch in 5-7 March 2019, Oil & Gas Tech Asia 2019 is the only specialized trade show in Ho Chi Minh City to showcase the latest technology in both upstream and downstream of the Oil & Gas Industry.

Rotech Subsea Ltd. has marked a major milestone by completing its 500th subsea project. The milestone, which the company has racked up since beginning operations under the Rotech Group banner in 1994, was passed after Rotech Subsea mobilized for four major projects in the month of May alone, with two vessels sailing from Aberdeen in the space of just nine days.

Nexans Subsea Operations announces a shipbuilding contract with Ulstein Verft on the construction of a large, DP3 cable laying vessel.

BP and its partners in the Shah Deniz consortium announces the start-up of the landmark Shah Deniz 2 gas development in Azerbaijan, including its first commercial gas delivery to Turkey.

Tutorials and informational videos for the TD-500D Oil in Water Meter and TD-120 Oil in Water Monitor are available for viewing on the Turner Designs Hydrocarbon Instruments YouTube channel.