BP's Vessel Khankendi Completes Sea Trials in the Caspian
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The Khankendi's initial voyage in open waters began the 6-week trial of the subsea construction vessel (SCV) that took place in the Caspian Sea. Maritime experts executed more than 120 different tests designed to evaluate everything from engine and propulsion performance to dynamic positioning, navigation systems, cabin acoustics, as well as offshore capabilities.
The SCV is back at the shipyard now for the finishing touches in preparation for the naming ceremony scheduled in early September. It will perform subsea construction activities on the Shah Deniz gas field off Azerbaijan for the next 10 years.
Production of first gas from Shah Deniz Stage 2 is expected next year.
Supply Chain Consortium Launched for Decommissioning Services
Global spending on oil and gas decommissioning is expected to be $13 billion per year by 2040. The launch of a collaborative supply chain approach to global decommissioning offers an end-to-end solution to reduce the decommissioning burden, risk, and cost for operators in Europe, Asia, and Americas.
Catalysts for Offshore Progress: Service Company Partnerships, M&As
Executives from several service companies involved in the offshore space—including two sides of a recent hostile takeover bid—came together at OTC to discuss the virtues of collaboration and rationale behind M&A.
Subsea 7 Completes Acquisition of Siem Offshore Contractors
Subsea 7 completed the acquisition of Siem Offshore Contractors along with a cable-lay vessel and a support vessel.
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