Subsea
ION’s OceanGeo Gears Up for Survey Off Nigeria
ION Geophysical’s ocean bottom seismic (OBS) company, OceanGeo, is mobilizing its vessels and crew for a survey offshore Nigeria. The company received a letter of commitment for the project from an undisclosed international client. ION expects the contract to be finalized within the next few weeks.
Plexus Secures Its Ninth Order from Det norske
Plexus has received its ninth purchase order since 2012 from Det norske oljeselskap to supply surface wellhead and mudline equipment services for the Langfjellet standard pressure exploration well on the Norwegian Continental Shelf. The value of this order is estimated at approximately £0.6 million
Aker Solutions Recognized for Engineering Achievement at OTC
Aker Solutions has won an engineering achievement award at the OTC conference in Houston for its El-drive subsea electric actuators. The newly developed electric actuators are designed to operate valves in subsea production and processing systems. The Woelfel Best Mechanical Engineering Achievement
Saipem Bags USD 1.3 Bln Shah Deniz Gig
Saipem and its consortium partners Bos Shelf and Star Gulf have secured USD 1.5 billion Shah Deniz Stage 2 contract from BP. Saipem share in the contract is approximately USD 1.3 billion, the company informed. The contract duration is for five years plus a possible extension for a further five years
Repsol Gets Nod for Varg Decommissioning
The Petroleum Safety Authority Norway (PSA) has granted Repsol a consent for the removal of Petrojarl Varg and subsea structures on the Varg field. Varg is an oil field in the North Sea, around 220 kilometres south-west of Utsira in Rogaland county. The field was developed using the Varg A wellhead
Halliburton Suffers $2.4 Bln Loss
Oilfield services major Halliburton has seen red in the first quarter ended March 31, 2016 as the depressive market led to high impairments and revenue decline of approximately $2.86 billion compared to same time last year. Due to negative market impact Halliburton recorded company-wide charges rela
Island Constructor Wraps Up LWI Work on Oyo Well
Erin Energy informed that the Island Constructor light well intervention (LWI) vessel has completed work on the Oyo-8 well and the company has resumed production from the well. Erin Energy will now begin a ramp up of production from the well over the next few days to pre-shut in levels of approximat
CGG Loss Deepens
French seismic contractor, CGG, recognised widened quarterly net loss as the market slowdown made a major dent in the company’s revenues. In the first quarter 2016, CGG generated revenues of $313 million, down 45 per cent compared to Q1 2015 ($570 million) and down close to 47 per cent quarter-over-
Expro Wraps Up Gulf of Mexico P&A Gig for Apache
UK oilfield services player, Expro, has completed a plug and abandonment (P&A) project in the Gulf of Mexico (GoM) for Apache. The Apache work comprised the pre-abandonment and plugging of wells in the ultra deepwater Atwater Valley and Mississippi Canyon areas. Starting in March 2016, Expro utilise
Proserv Strikes Apache North Sea Deal
Proserv has been awarded a multi-million dollar contract from Apache Corporation for work on the UK Continental Shelf. Proserv will supply a subsea control system and associated topside and subsea interface equipment for use on the new Callater wells located south of the Beryl Alpha platform. The la
FMC Technologies Scoops Spotlight on New Technology Award
FMC Technologies won a Spotlight on New Technology award for its InLine ElectroCoalescer, and was recognized at the 2016 Offshore Technology Conference (OTC) in Houston on Monday, May 2. This award recognizes and honors innovative technologies in the oil and gas industry that impact offshore explora
More Red Ink for PGS
Petroleum Geo-Services (PGS), has seen its quarterly loss widen as revenues declined some 19 per cent during the first quarter of 2016. The Oslo-listed seismic player, posted net loss of $57 million or 24 cents per share for the first quarter of 2016, compared with $19.5 million loss or 9 cents per
Saipem Claims Installation Records Off Brazil
Saipem said it recently established new milestones with the installation of two gas export free standing hybrid risers (FSHR), 20-inch and 19-inch respectively, located in the pre-salt area of Santos Basin. The operation took place at approximately 300 kilometres from the Brazilian shoreline. Report
TE SubCom Upgrades Caucasus Cable
TE SubCom, a TE Connectivity company, and Georgian telecommunications provider Caucasus Online have signed a contract to upgrade the Caucasus undersea cable system. The upgrade to the 1,200 km regional system is set to be completed in May 2016. Caucasus cable system provides connectivity between Pot