Operations & Maintenance
FMC Technologies Posts Revenue Drop
FMC Technologies reported second quarter 2015 revenue of $1.7 billion, down 15 percent from the prior-year quarter. The revenue dropped primarily due to the continued decline in the North American land market and its severe impact on Surface Technologies segment revenue, FMC said. Diluted earnings
VIDEO: ORPC’s RivGen turbine in Kvichak River
Our RivGen® Power System is on its mooring in the Kvichak River, Igiugig, Alaska! Posted by Ocean Renewable Power Co. on Monday, July 20, 2015 Ocean Renewable Power (ORPC) is preparing for the installation of its hydrokinetic turbine, the RivGen, in the upper Kvichak River, Alaska. According to ORPC
Helix Energy Swings to Loss
Helix Energy Solutions Group reported a net loss of$(2.6) million, or $(0.03) per diluted share, for the second quarter of 2015 compared to net income of $57.8 million, or $0.55 per diluted share, for the same period in 2014 and net income of $19.6 million, or $0.19 per diluted share, for the first
Total Begins Production from Dalia Phase 1A
Total has started production from Dalia Phase 1A, a new development on its deep offshore operated Block 17, located 135 km off the coast of Angola. Dalia Phase 1A will develop additional reserves of 51 million barrels (Mb) and will contribute 30,000 barrels per day (b/d) to the block’s production. “
InterMoor Wraps Up Juniper Work Off Trinidad and Tobago
InterMoor, an Acteon company, has completed its role in the foundation installation project offshore Trinidad and Tobago. The final stage of the project involved hooking up Diamond Offshore Drilling’s Ocean Victory semi-submersible drilling rig to the preset mooring spread InterMoor had previously i
CNOOC: Production Starts from Luda 10-1 Project
CNOOC Limited announced that the Luda 10-1 comprehensive adjustment project has started production. The Luda 10-1 oilfield is located in Liaodong Bay of Bohai with an average water depth of approximately 30 meters. In addition to fully utilize the existing facilities of Luda 10-1, this adjustment pr
Ireland: Echidna Seismic Survey Complete
Searcher Seismic in cooperation with MAGE, completed acquisition of the Echidna Regional Broadband 2D seismic survey covering the Porcupine & Slyne Basins and the Goban Spur offshore Ireland. The Echidna survey is comprised of approximately 9,100 km of high quality, long-offset broadband 2D seismic
Baker Hughes Posts Quarterly Loss
Baker Hughes reported revenue for the current quarter of $4 billion, down 33% compared to the second quarter of 2014. On a GAAP basis, net loss attributable to Baker Hughes for the second quarter was $188 million or $0.43 per diluted share. The effective tax rate on net loss for the current quarter
VAALCO: Southeast Etame Development Well Online
VAALCO Energy announced that the Southeast Etame 2-H well, the first development well drilled in the Southeast Etame Field, was brought online at the rate of approximately 3,400 barrels of oil per day (approximately 850 barrels per day net to VAALCO). The well was drilled to a measured depth of appr
Retry of Sabella’s D10 Cable Connection
After a delay in making a final cable connection of the D10 tidal turbine off Ushant island, Sabella announced that it will retry the connection next week. Last time the company had to suspend the operation due to incompatibility of MV Palembang vessel to make the connection. To avoid the equipment
Update: Polarcus Starts MSGB Shoot
Polarcus Limited has started a new 3D broadband multi-client project across the Mauritania-Senegal-Guinea-Bissau Basin (“MSGB”), offshore Northwest Africa. Erin Energy has contracted Polarcus to carry out the survey using the Polarcus Alima, an ultra-modern 12 streamer 3D/4D seismic vessel. The proj
DeepOcean to Install Cables for Bligh Bank Phase II
DeepOcean 1 UK Ltd., a subsidiary of DeepOcean Group, has been awarded the inter array cable installation contract for the Bligh Bank Phase II Offshore Wind Farm in Belgium. Nobelwind NV is developing the Bligh Bank Phase II Offshore Wind Farm with fifty 3.3MW wind turbines offshore Belgium, with an
Cefas SmartBuoy clocks 30.000 days of deployment
SmartBuoy, an integrated marine data acquisition platform developed and operated by the Centre for Environment Fisheries and Aquaculture Science (Cefas), has clocked 30.000 cumulative days of deployment in its 15th year of operation. The buoy was introduced in 2000, and deployed around the UK for 15
New Cable Capacity Record for Alcatel-Lucent and Apollo
Apollo and Alcatel-Lucent Submarine Networks (ASN) have successfully demonstrated a capacity of 8 terabits-per-second (Tbit/s) of data per fiber pair on the Apollo South system, which connects France to the United States. For the demonstration ASN used its current generation 1620 Light Manager subma