Big Oil’s Latest Cost-Cutting Trick: Re-Use Platforms

By Mikael Holter (Bloomberg) -- Oil companies have pushed through draconian cost cuts during the recent industry slump, but they’re not quite done yet. Spain’s Repsol SA unveiled plans to re-use its Gyda platform in Norway’s North Sea on another field, an unprecedented step for a fixed installation, according to the head of Repsol’s Norwegian subsidiary Vidar … [Read more...]

Russia’s Gazprom Says Offshore Part of TurkStream is Complete

ISTANBUL, Nov 19 (Reuters) - Construction of the offshore part of the TurkStream pipeline that will carry Russian gas across the Black Sea to Turkey has been completed, Russian gas producer Gazprom said on Monday. TurkStream is part of Moscow's efforts to bypass Ukraine as a gas transit route to Europe, which imports around a third of its gas needs from Gazprom. "Projects … [Read more...]

Pioneering Spirit Returns to Black Sea for Round Two of the TurkStream Pipeline Installation

The record-breaking Pioneering Spirit has returned to Black Sea to resume pipe-laying of the second string of pipe for the TurkStream offshore gas pipeline project between Russia and Turkey. After entering the Black Sea on June 20, Pioneering Spirit completed preparing for Line 2 work which has included lowing the "stinger" and re-testing pipelay equipment on board. The … [Read more...]

Pioneering Spirit Picks Up and Installs the Johan Sverdrup Drilling Platform in a Single Lift -PHOTOS

The 22,000-tonne topside for the drilling platform was lifted into position in one single lift on the Johan Sverdrup field over the weekend using the engineering marvel Pioneering Spirit. The installation marks the first time the record-setting heavy lift vessel has been used for single-lift topside installation. Last Thursday, May 31, the topside for the Johan … [Read more...]

Allseas Planning Bigger, More Powerful Version of Record-Setting Pioneering Spirit -Report

Swiss offshore engineering company Allseas is said to be planning a bigger version of its famous Pioneering Spirit, the giant offshore installation and platform decommissioning vessel that has set all sorts of records in terms of size and lifting capacity since its delivery in 2016. According to a report from Reuters, Allseas CEO Edward Heerema revealed to reporters that the … [Read more...]