Oil services provider Technip has recorded a drop in profit during the third quarter of the year, despite rise in revenues. Net income for the quarter was at €132 million ($166 million), compared to €150 million same time last year. Earnings per share dropped to 1.10 euros from 1.24 euros. Technip p
A team of 17 NOAA divers sailing aboard NOAA Ship Oscar Elton Sette has returned from a 33-day mission to remove marine debris from Papahānaumokuākea Marine National Monument in Hawaii, a World Heritage Site and one of the largest marine conservation areas in the world. In total, they removed approx
Atlantis has signed a 10-year (extendable) seabed Sublease with the Fundy Ocean Research Center for Energy in Nova Scotia, Canada (FORCE). The Sublease provides Atlantis a berth for tidal turbine deployment in the Bay of Fundy, within the demised area of seabed allocated to FORCE under its Head Leas
DeepFlex has been awarded a Phase 3 of RPSEA’s “Qualification of Flexible Fiber-Reinforced Pipe for 10,000-Foot Water Depths” project. Phase 3 of the project includes field specific engineering, fabrication, delivery, deployment and operations of the actual deepwater riser system as an ultimate veri
CGG has announced another major commitment to its Gulf of Mexico StagSeis multi-client program with the prefunding of the entire 871-offshore-block program by an international E&P company. Representing over 20,000 sq. km, this new full-program commitment for all three StagSeis surveys, IBALT, DEUX a
MacArtney has received an order from OneSubsea for Moog Focal oil and condensate gas FPSO slip rings. The order also includes cables and associated junction boxes. The FPSO slip rings are designated for the ‘Martin Linge’ project on the Norwegian Continental Shelf due west of Bergen. Here, they will
A division of Unique Maritime Group (UMG), Unique Wellube, has provided mechanical seal plugs for Abu Dhabi Marine Operating Company’s (ADMA-OPCO) significant pipeline isolation project. ADMA-OPCO’s 8” subsea riser was found to have some damages which would require a weld repair at the splash zone o
Statoil’s third quarter 2014 net operating income was NOK 17.0 billion, a decrease from NOK 39.3 billion in the third quarter of 2013. Net income was negative NOK 4.8 billion mainly due to impairments. Adjusted earnings were NOK 30.9 billion, a decrease from NOK 40.4 billion in the third quarter of
Technip has been awarded a subsea contract by Chevron Indonesia for the Bangka Development, located in Rapak PSC area, approximately 70km offshore the province of East Kalimantan, Indonesia. The contract covers engineering, procurement, construction, installation, commissioning and pre commissioning
3D Oil has contracted the Polarcus Asima to acquire the Flanagan 3D seismic survey in the T/49P Permit offshore in the Otway Basin. The acquisition is expected to start during November 2014. The mobilisation cost of the Asima will be shared with Origin Energy who will record a separate survey with t
Hess Corporation, together with its project co-owners will proceed with the development of Stampede, an oil and gas project operated by Hess in the deepwater Gulf of Mexico. Discovered in 2005, the Stampede Field is located approximately 115 miles south of Fourchon, La., in the Gulf of Mexico (Green
Fugro has started a cable route survey for AAE-1, one of the largest submarine cable systems to be constructed in the last decade. Fugro is providing offshore geophysical and geotechnical operations, charting and reporting to support the design and installation of the telecommunications cable. The w
Cap Energy is working to progress its interests in Guinea-Bissau. Sitting in the same basin as the Senegal assets, the prospective leads are distributed across a carbonate shelf that passes abruptly to deeper water to the west. As the deepwater geology of Cap’s Block 5B (BECUDA) is analogous to that
N-Sea Offshore has been awarded major contracts to the value of over £100 million, since the beginning of the year. N-Sea is known for its innovative work in the North Sea as an independent offshore subsea contractor. The company has secured a significant number of major, long-term contracts in the
