Subsea
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,
Mokul Nordic Gets Five Year Charter from Noble Energy
Nordic Maritime announced a five year time charter for its DP2 IMR Subsea vessel, Mokul Nordic, which has been awarded by Noble Energy. “At Nordic Maritime, we are delighted to have won this long term charter contract directly with a highly reputed international oil company, Noble Energy. This is a
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
Cygnus DIVE for HMS/M A7 Sub Survey
The A7 Project is part of The SHIPS Project (Shipwrecks and History in Plymouth Sound), which is being run by a local group of divers and shipwreck enthusiasts. The main aim of the project is to record the long maritime history of Plymouth and the nearby area and in doing so also raise awareness of
Statoil to Plug Oseberg Well
Statoil has received consent to use Songa Trym for permanent well plugging on the Oseberg field. Statoil is the operator on the Oseberg field, located in blocks 30/6 and 30/9 in the northern part of the North Sea. Well 30/6-B-51 AH is a subsea well tied to the Oseberg A facility. The well was drille
Dyer Expands Manufacturing Facilities
Dyer Engineering has increased the size of its manufacturing facilities to almost 90,000 sq. ft. to meet the demand for its fabrication and machining services from the oil & gas and subsea industries. The Annfield Plain-based company has leased the premises in Harelaw, which has created an additiona
Deep Trekker ROV Gets UBSL Tracking System
Deep Trekker has announced their newest advancement to the Deep Trekker DTG2 Remotely Operated Vehicle (ROV) product line with the integration of the TriTech MicronNav Positioning System. Piloting the Deep Trekker ROVs are extremely easy to do, although there is an added complexity when you cannot s
Jee to Participate at Subsea Integrity Conference
Jee Limited’s technical director Mike Hawkins will deliver a technical case study on ‘The challenges of concealed corrosion on a critical gas riser’, at the Subsea Integrity Conference (SSIC) North Sea. Jee, will also host an innovative post-conference training workshop. Following two successful yea
Expro to Exhibit ‘PowerChokes’ at ATCE Amsterdam
Oilfield services company, Expro, is set to showcase its latest PowerChokes® technology at the SPE Annual Technical Conference and Exhibition (ATCE) in Amsterdam, the Netherlands, from October 27-29, 2014. Expro’s new Automatic Back Pressure (ABP) System uses their field-proven technology and softwa