Subsea
Noble Starts Up Gunflint (GoM)
Noble Energy has started production at the company’s Gunflint oil development in the deepwater Gulf of Mexico. The Gunflint development, located at Mississippi Canyon Block 948, is a subsea tie-back to the Gulfstar One facility owned by Williams Partners and Marubeni Corporation. The two-well field
L&T and EMAS Chiyoda Clinch USD 1.6 Bln Saudi Aramco Award
L&T Hydrocarbon Engineering (LTHE) in consortium with EMAS Chiyoda Subsea (ECS) has concluded an engineering, procurement, construction and installation (EPCI) contract with Saudi Aramco. The contract valued at over USD 1.6 billion is for the development of the second phase of Hasbah offshore gas fi
Petronas Hands Over Berantai Job to Vestigo
Petronas has appointed its wholly-owned subsidiary, Vestigo Petroleum to continue the operations and maintenance of the Berantai field on its behalf. Located about 150 km offshore Peninsular Malaysia, the Berantai field produced first gas in October 2012. The field comprises a wellhead platform conn
2H Offshore Gets New Managing Director
2H Offshore, an Acteon company, has appointed Yann Helle as managing director. Helle replaces Tim Eyles, who is moving to the role of vice president with parent company Acteon. Helle, who previously held the position of technical manager, will have responsibility for the leadership and development o
PGS Shrinks Q2 Losses
Petroleum Geo-Services (PGS), has narrowed its quarterly net loss despite a 28 percent decline in revenue during the second quarter of 2016. The Oslo-listed seismic player, posted net loss of $51.8 million or 22 cents per share for the second quarter of 2016, compared with $63.8 million net loss or
FMC Technologies Sees Profits Plunge
FMC Technologies, has recorded a sharp profit drop in the second quarter 2016 as the weak market drove its revenue down, especially in the surface technologies division. The Houston-based subsea specialist generated net income of $2.2 million, or $0.01 per diluted share, on revenue of $1.2 billion,
Fraunhofer IWES Surveys Enable Construction of Arkona OWF
E.ON and Statoil gave the green light to the construction of the 385 MW Arkona Becken Südost wind farm, 35 km northeast of the island of Rügen. The use of seismic surface surveys made it possible to stick to schedule on the EUR 1.2 billion project despite changes to the wind farm design – 60 turbine
CenturyLink Utilizes Aqua Comms’ AEConnect Subsea Link
CenturyLink has activated two 100 Gigabit waves of high capacity connectivity between New York and London on Aqua Comms’ America-Europe Connect (AEConnect) subsea cable system. The provisioning of secure and reliable capacity on the next-generation subsea fibre optic network will support CenturyLink
Halliburton Takes $3.2 Billion Loss in Q2
Oilfield services major Halliburton has seen red in the second quarter, ended June 30, 2016, as it recognized $3.5-million termination fee following a failed merger agreement with Baker Hughes and saw its revenue decline by some 35 percent. The company booked quarterly net loss of $3.2 billion ($3.7
Deepsea Metro I Starts Malaysia Campaign for Petronas
Odfjell Drilling has kicked off drilling operations for Petronas offshore Malaysia with the ultra-deepwater drillship, Deepsea Metro I. The contract is for one firm well plus four optional wells. The contract duration for the drilling of the one well is approximately 60-70 days with an estimated val
First Subsea Bend Stiffener Connector for Gina Krog FSO
First Subsea, has supplied a relatchable bend stiffener connector (BSC) to NOV Completion & Production Solutions for a flexible production riser for Statoil’s Gina Krog, turret moored, floating storage and offloading (FSO) vessel in the Norwegian sector of the North Sea. The Type II BSC comprises a
Helix Posts Q2 Loss, Looks Ahead to Busier Second Half
Offshore services player, Helix Energy Solutions, has seen the weak market pull its second quarter 2016 result deeper into the red, but said it expects business to pick up in the second half of the year. The company reported a net loss of $10.7 million, for the second quarter of 2016, compared to ne
ExxonMobil Joins Viper JIP to Develop V-IR
Subsea engineering company Viper Subsea informed that ExxonMobil has joined the joint industry project (JIP) to develop the company’s V-IR system. ExxonMobil has joined the V-IR project, which has been established through the Industry Technology Facilitator (ITF), at a crucial phase of development a
U.S. Court Puts Restrictions on Navy’s LFA Sonar Use
The Ninth Circuit court ruled on Friday that the National Marine Fisheries Service (NMFS) had illegally approved a permit authorizing the Navy to use its long-range sonar, called low-frequency active sonar (or LFA), in more than 70 percent of the world’s oceans. The case against the Fisheries Servic