Operations & Maintenance
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (April 27 – May 03). Aberdeen-based subsea dredging and excavation specialist, X-Subsea UK Holding and its subsidiaries, have entered into Administration on April 27, 2015 following the collapse of wid
WATCH: DOF Subsea in Shipwreck Survey
An expedition to survey the historic World War II shipwrecks of HMAS Sydney (II) and the German raider HSK Kormoran has produced new photographic evidence which appears to confirm why Sydney was so quickly disabled, leading to catastrophic damage and the devastating loss of everyone on board. New hi
Huisman Installs Pipelay Tower Onboard Seven Rio
Huisman, the specialist in lifting, drilling, and subsea solutions, has completed the setup of 550mt Pipelay Tower onboard the Subsea 7’s Seven Rio at its facility in Schiedam. In November last year, IHC successfully launched the 550t pipelaying vessel at its shipyard in Krimpen aan den IJssel, The
Helix, OneSubsea to Build New Intervention Riser System
Subsea Services Alliance, the collaboration between OneSubsea and Helix, has announced the first joint technology project between the two companies to engineer and manufacture a 15,000-psi intervention riser system. According the Subsea Services Alliance, the IRS system is being engineered and built
New CEO for Saipem
The Board of Directors of Italian contractor Saipem has appointed Stefano Cao as the company’s new Chief Executive Officer. Stefano Cao will replace Saipem’s previous CEO Umberto Vergine, who was appointed back in December 2012. The appointment comes expected, after Italy’s oil & gas major Eni, whic
ION Delivers Reprocessed Data Off Barbados
ION Geophysical Corporation has completed the company’s Barbados Reprocessing project, in coordination with the recent announcement of Barbados’ 2015 offshore licensing campaign. ION’s Barbados Reprocessing is a multi-client two-dimensional (2D) seismic program encompassing more than 9,000 km of new
NPRA Conducts Core Drilling to Map Subsea Tunnel Route
On the west coast of central Norway the Norwegian Public Roads Administration (NPRA) is carrying out a core drilling operation for a 15,5 km long subsea tunnel. Seismic surveys that have previously been carried out shows weakness zones in the rock that the tunnel must be drilled through. There may a
Chariot to De-Risk Prospects Off Mauritania
Chariot and its partners Cairn Energy and the SociétéMauritanienne des Hydrocarbures et de Patrimoine Miner (SMHPM), have secured a one year extension on the current exploration phase of the C-19 licence offshore Mauritania. As part of the extension, the Partnership has committed to undertake seabed
Statoil Wraps Up Shah Deniz Asset Sale
Statoil and the Malaysian oil and gas company PETRONAS completed their transaction, announced previously on October 13, 2014. The sale involved the transfer of Statoil’s 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (S
Port of Gothenburg Presents New Oil Spill Robot
A new robot has been introduced at the Port of Gothenburg. Its task will be to deploy booms in the event of an oil spill. This new technology should result a more rapid and safer oil spill clearance at the Port of Gothenburg. The Port of Gothenburg has invested SEK 3.5 million in an automatic [&hell
Oil Flows from Kizomba (Angola)
BP confirmed today the start of oil production from the Kizomba Satellites phase 2 development in Block 15, offshore Angola. Operated by ExxonMobil, the deepwater project is expected to produce around 70,000 barrels of oil per day at peak. “This is the first of BP’s planned start-ups for 2015 and is
Polarcus Posts Loss, Reduces Operational Fleet
Seismic contractor, Polarcus, has recorded a net loss third quarter in a row as the contract revenues went down 33% from the same quarter a year earlier. The Norwegian company reported a first-quarter loss of $26.4 million or basic and diluted earnings per share of negative $0.04, versus the net pro
PGS Down in Q1, Cold-Stacks Two Vessels
Oslo-listed seismic player Petroleum Geo-Services (PGS) has booked a net loss of $19.5 million for the first quarter of 2015, compared with a $4.6 million profit in the corresponding period in 2014. In the first quarter of 2015, the company recorded revenues of $251 million ( out of which $143.3 mil
Red Ink for Statoil
Norway’s Statoil has slipped into the red for the three months ended March 31, 2015, largely on U.S. onshore unconventional asset impairments. The company’s net loss for the first quarter was NOK 35.5 billion ($4.71 billion), compared with a net profit of NOK 23.6 billion a year earlier. Statoil gen