Subsea
NGU in Petromaks 2 Hydrocarbon Migration Modelling
Geological Survey of Norway (NGU) is looking for consultancy services on migration modelling of hydrocarbons within Petromaks 2, ‘Norcrust’. Petromaks 2, Norcrust is a collaborative project lead by the Geological Survey of Norway (NGU). Partners are ‘Cage – Center for Arctic Gas Hydrate, Environment
40 Jobs at Risk as Østensjø Rederi Re-Flags 5 Ships
Østensjø Rederi has decided to change ship’s register for five of its offshore vessels due to the market conditions and reduced earnings. The Haugesund-based vessel owner is switching to Norwegian International Ship Register or NIS for the following vessels: Edda Fauna, Edda Flora, Edda Fonn, Edda F
JFSE Supports EMAS AMC in FSO Replacement Off Libya
James Fisher Subsea Excavation (JFSE) will support EMAS AMC at the Bouri oil field with post-lay trenching and backfilling services during the replacement of a floating storage offloading (FSO) vessel off the coast of Libya. EMAS AMC is responsible for the engineering, procurement, installation and
Island Offshore Sells Well Stimulation Vessel
Norwegian vessel owner, Island Offshore, has sold and delivered the M/V Island Patriot to an undisclosed buyer, the company informed on Thursday. The well stimulation vessel joined Island Offshore’s fleet in 2005. The company did not disclose the commercial terms between the parties, but stated that
Hydro Group Inks New Asia Pacific Agreements
Aberdeen-headquarted subsea cable and connector specialist Hydro Group announced multiple Asia Pacific business partner agreements. The five new business partner agreements were signed with Uni-One in Taiwan, ISL in China, Oceanpixel in the Philippines, PT Indonesia and DKHG in Vietnam. Steve Ang, H
Eidesvik in Profit Despite Revenue Drop
Norwegian vessel owner, Eidesvik Offshore, has bounced back in black as it booked foreign exchange gains and offset a 25% revenue dive. In the first quarter 2016, Eidesvik generated revenues of NOK 193.3 million, against NOK 259,4 million in the corresponding period in 2015. The Oslo-listed firm rec
Halliburton Bags Wintershall Maria Contract
Halliburton Norge has secured a four-year service contract from Wintershall Norge to support its exploration and development projects in Norway. The contract is effective immediately and will be used for drilling-associated services on Wintershall’s Maria development in the Norwegian Sea, and it can
GC Rieber Sees More Red Ink
Norwegian offshore vessels provider, GC Rieber Shipping, has recognised quarterly loss of NOK 93.7 million, compared with NOK 36.3 million loss in the first quarter of 2015, due to low activity levels. “The negative result in the first quarter 2016 is mostly due to low activity in the subsea and sei
TGS Hits 75 Pct Mark on Gigante Survey in GoM
TGS has acquired approximately 141,000 kilometers (75%) of the planned 186,000 kilometers of the Gigante 2D seismic project in Gulf of Mexico. Gigante covers the entire offshore sector of Mexico and ties into TGS’ regional 2D seismic grid covering the entire US Gulf of Mexico. Delivery of fast track
Loss Widens for EMGS
Electromagnetic Geoservices (EMGS) said its loss deepened in the first quarter, ended March 31, 2016, as revenues slipped some 60% on continuously weak market. The Oslo-listed company posted net loss of USD 15.5 million, compared to net los of USD 1.2 million in the same period in 2015. However, EMG
Polarcus Makes Board Changes
Seismic player Polarcus has made changes to the company’s board of directors. Erik Mathiesen, Tom Henning Slethei and Peter Zickerman were elected as new board members with a term of office of one year and Christopher Kelsall was elected as a new board member with a term of office of two years, Pola
RV Celtic Explorer Embarks on New Seabed Mapping Campaign
The R.V. Celtic Explorer has set sail last night, May 11, from St. John’s, Newfoundland and Labrador, where last June it launched the very first seabed mapping expedition under the Atlantic Ocean Research Alliance. The expedition takes place May 11-21 with graduate students and early career research
Norway to Back Subsea R&D Projects
Research fund of Western Norway has announced another NOK 10 million in pre-project funding, with focus on energy, including subsea. The funding, with aim to qualify R&D projects for support from main projects with support from the regional research fund, the Research Council of Norway, EU, Innovati
Atkins Names New Head of Decommissioning
Atkins’ oil and gas business has appointed John Spiteri as head of decommissioning, based in Aberdeen. John will help to support clients to plan, manage and deliver the decommissioning of their assets, the company said. John said: “My priority in tackling this challenging role is to work with the te