Operations & Maintenance
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (February 02 – February 08). Shell’s announcement on awarding the Brent field decommissioning contract to the Allseas’ Pieter Schelte attracted comments and reactions from maritime workers union. Accor
Reef Subsea Goes Under
Norwegian offshore wind and oil & gas services player, Reef Subsea, has filed a bankruptcy petition to Bergen District Court despite company’s efforts to restructure and cut costs in order to stay afloat in today’s challenging market. The company, established in February 2010 and 100% owned by Stava
MCG Makes MC2D Data Available for 23rd Round in Norway
MCG made available multi-client 2D (MC2D) data for the Norwegian 23rd Concession Round announced January 20, 2015. The Barents Well Tie MC2D was extended eastward in 2014 into the newly opened Barents Sea South East area, giving excellent seismic ties from exploration wells drilled in the western pa
Spectrum Kicks Off Pelotas Basin Shoot
Oslo-listed seismic player, Spectrum, has started a 12,000 kilometer Multi-Client 2D seismic survey offshore the Pelotas Basin of Brazil. The new acquisition program will infill both Spectrums’ new 7,500 kilometer survey acquired in 2013 and 12,000 kilometers of data reprocessed in 2014, covering op
Statoil Profit Slips on Plunging Oil
Norway’s Statoil has reported that its net operating income for the full year 2014 was NOK 109.5 billion (approximately $14.56 billion), compared to NOK 155.5 billion ($20.65 billion) same time last year. Fourth quarter 2014 net operating income was NOK 9.0 billion. Adjusted earnings in the fourth q
Lundin Hits Gas at Zulu Off Norway
Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, has completed the drilling of wildcat well 26/10-1. The well investigated the hydrocarbon potential of the Zulu prospect in PL674BS, which is located 100 km west of Stavanger on the Norwegian west coast and approximately 30 km nort
Goliat FPSO Gears for Norway Trip
Eni Norge has reported that the Goliat platform has been towed on board the Dockwise Vanguard at the HHI yard in South Korea. The largest cylindrical FPSO (Flotating production, storage and offloading) facility ever built, and specially designed for the Arctic conditions of the Barents Sea by Sevan
MARIN to invest in Bosch Rexroth wave generators
Bas Buchner (MARIN president) and Ron van den Oetelaar (General Manager Bosch Rexroth Benelux) have signed the contract for a new wave generator for MARIN’s new Concept Basin. According to the contract, Offshore Basin and Seakeeping and Manoeuvring Basin will get a new wave generation control system
Supacat delivers upgraded ‘Lifesaver’ to Fred. Olsen
The refurbished BOLT ‘Lifesaver’ wave energy converter has been delivered to owner Fred. Olsen Ltd by Supacat following a three month project of refurbishing the converter’s ‘intelligent systems’. The refurbishing process was conducted at the Devon engineering firm’s facilities in Dunkeswell and Bla
INPEX: Production Starts at Nasr Oil Field
INPEX announced that its wholly-owned subsidiary Japan Oil Development Co. (JODCO) has kicked off oil production from the Nasr Oil Field offshore Abu Dhabi, the United Arab Emirates, on January 24, 2015. The Nasr Oil Field is located approximately 130km northwest of Abu Dhabi City. INPEX has jointly
Dutch Govt Hires Cefas Endeavour for ITB Survey
The RV Cefas Endeavour has started an 18 day charter to the Government of the Netherlands organisations Rijkswaterstaat (RWS) and the Institute for Marine Resources & Ecosystem Studies (IMARES), with local mobilisation in Scheveningen (Netherlands). The 74 metre multi-disciplinary research vessel wi
TGS Revenues Rise, Profit Drops
TGS has confirmed net revenues of USD 298 million in Q4 2014, up 10% from USD 271 million in Q4 2013 and representing a record high for the Company. TGS achieved its 2014 guided revenues with full year net revenues of USD 915 million, up 4% from USD 883 million in 2013. However, the net income [&hel
EMGS Up on Profits
Electromagnetic Geoservices (EMGS) has recorded revenues of USD 52.5 million in the fourth quarter 2014, up from USD 41.7 million in the third quarter and from USD 44.9 million in the corresponding quarter in 2013. Contract sales totaled USD 25.5 million, while multi-client sales were at USD 27.0 mi
Island Offshore Lands Maersk Oil Charter
Island Offshore has secured a contract from Maersk Oil North Sea UK covering the time charter of the purpose built walk-to-work, subsea support vessel Island Crown. The company said that the duration of the contract is 100 days, with options to extend the contracts further. The vessel will start the