Operations & Maintenance
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 20 – October 26). FMC Technologies has reported third quarter 2014 revenue of $2.0 billion, up 15 percent from the prior-year quarter ($1.7 billion). Diluted earnings per share were $0
PHOTO: Damen Delivers ‘7 Waves’ SRSV to Rederij Groen
Dutch offshore services company Rederij Groen has taken delivery of the ‘7-Waves’, the second of a total three identical Seismic Research Support Vessels. Once the third of these so-called offshore chasers joins the fleet in January 2015, all of Groen’s five custom built chasers will have been built
Nevsky Shipyard Gets Order for 4 MPSVs
Nevsky Shipyard and the Direction of State Contractor of Marine Transport Development Program have signed a contract for the construction of 4 multipurpose small-draft salvage vessels of MPSV12 project. Nevsky Shipyard got the right to conclude the given contract having won the open competitive tend
Odyssey’s HMS (1744) Victory Shipwreck Project to Move Forward
Odyssey Marine Exploration, Inc.welcomed the statement by the United Kingdom’s Secretary of State for Defence giving consent to proceed with the archaeological investigation and recovery of at-risk artifacts from the HMS Victory (1744) wreck site in accordance with the project design that has been a
MESL in Benthic Characterisation for Torr Head Tidal Project
Marine Ecological Surveys Ltd (MESL) has conducted a benthic characterisation survey for the Torr Head Tidal Array development off of the north coast of County Antrim, Northern Ireland on behalf of Tidal Ventures Limited. Tidal Ventures is a joint venture partnership between Brookfield Renewable Ene
Proserv Acquired by Riverstone
Riverstone Holdings and Proserv, based in Aberdeen, Scotland, have signed a definitive agreement pursuant to which Riverstone Global Energy and Power Fund V, L.P., in partnership with Proserv management, has agreed to acquire 100% of the shares of Proserv. David Lamont, chief executive officer (CEO)
Donuzlav Finalizes Mediterranean Sea Campaign
Hydrographic ship of the Black Sea Fleet (BSF), named “Donuzlav”, has completed its research campaign in the Mediterranean Sea. For a month trekking crew and specialists, led by Chief Hydrographic Service BSF Captain 1st Rank Mikhail Voroshilov, conducted comprehensive studies of selected areas of t
PGS Takes Profit Dive
In Q3 2014, net income for Petroleum Geo-Services ASA (PGS) was $8.4 million, compared to $74.2 million same time last year. The lower profit margin is primarily due to a weaker seismic market. Revenues increased $28.6 million, or 8%, compared to Q3 2013. The increase is mainly a result of higher ma
TGS Records Slight Drop
TGS, a provider of multi-client geoscience data, has reported net revenues of USD 190 million in Q3 2014, compared to USD 191 million in Q3 2013. Earnings before interest and taxes (EBIT) totaled USD 71 million, corresponding to an EBIT margin of 38%. Cash flow from operations was USD 184 million, a
GDF SUEZ, BP Make New UK CNS Discovery
GDF SUEZ E&P UK Ltd and BP announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f (licence P1588) and BP operated block 30/1c (licence P363) was flow tested at a maximum rate of 5,350 barrels of oil equivalent per day. The discov
WGP, TGS Wrap Up 2014 Barents Sea Survey
WGP Survey, in partnership with TGS Nopec AS, has completed 2014’s multi-client/proprietary survey of prospects in the Barents Sea region. The survey was conducted using the P-Cable system onboard the ‘Bergen Surveyor’, prior to the 23rd license round that is expected to be announced shortly. The ra
WGP in Snorre & Grane Combined PRM
WGP continues to operate Statoil’s Dual Portable Modular Source System (D-PMSS), designed and built by WGP and mobilised on the ‘Siddis Sailor’, on the third Permanent Reservoir Monitoring (PRM) survey in the North Sea. Survey 3 is the first where Grane and Snorre fields will be shot consecutively,
Petrex Assists CNRI in Lyell Subsea Pump Setup
Subsea Project Management Specialist, Petrex have successfully supported the CNRI Subsea Project Team on their installation of a Multiphase Booster Pump (MPBP) at the Lyell subsea field. Petrex acted as the CNRI interface for the day to day project management of the MPBP vendor, umbilical splice ven
Eni Norge to Drill for Oil Spill Response in the Dark
Eni Norge is entering into an oil spill contingency training agreement with the Nordkapp Maritime Training Centre in Honningsvåg. The centre will be the first in the world to employ simulators for oil recovery training in conditions of darkness. The development of the Goliat field has considerably s