Subsea
Magseis Bags LoA for Seabed Seismic Survey
Magseis, a Norwegian geophysical company, has received a Letter of Award to conduct seabed seismic acquisition outside the North Sea. The survey will be undertaken using the company’s proprietary MASS system and the DP 2 class vessel ‘Artemis Athene’. The crew will mobilise directly from the recentl
China Finds Undersea Gold Mine
China has discovered its first subsea gold mine, worth hundreds of billions of yuan. As China Daily informed, the mine was discovered in the water of Sanshan Island, and it is estimated to hold 470.47 tons of the mineral. Shandong Third Institute of Geological and Mineral Exploration found the mine
Polarcus Wraps Up Capreolus Shoot Off Australia
Polarcus has completed the Capreolus 3D multi-client project, the largest single 3D seismic survey ever acquired offshore Australia. The survey was completed ahead of schedule after 11 month acquisition campaign, the company said. This basin-wide broadband 3D seismic survey covers two underexplored
Magseis, Shell Ink Joint Development Agreement
Magseis has entered into an agreement with Shell for the further joint development of a system to deploy Magseis’ MASS technology in ultra-deep water. According to the company, the agreement regulates the further work leading up to a full-scale pilot test which is planned for completion early Q1 201
EMO Marine Installs Mini-T to Collect Oceanographic Data at FORCE
EMO Marine Technologies, based in Nova Scotia, has installed a Mini-T Video/Data Mux system for FORCE (Fundy Ocean Research Centre for Energy). The system is deployed within the tidal berth sites in Parrsboro, Nova Scotia. The system utilizes EMO Marine Technologies’ form factor multiplexer (MUX) sy
Aker Wayfarer Arrives to Myklebust Verft for Modification
Kleven welcomed Aker Wayfarer to its Myklebust Verft yard this morning, where the modification of the vessel is set to take place. The vessel will be modified in order to become a deepwater subsea equipment support vessel, enabling it to install and retrieve subsea trees and modules, including subse
Update: Nord Stream Resumes Ops; Munitions Object Removed
The Swedish Armed Forces have cleared the munitions object found near Nord Stream Line 2. The works were safely completed, despite windy conditions in the Baltic Sea. “Nord Stream AG appreciates the professional and prompt assistance by the Swedish Armed Forces. Line 2, which had been closed at inle
Premier: First Oil from Solan by Year End
Premier Oil reported that it continues to anticipate first oil from Solan field before the end of the year. Good offshore productivity and high uptime has been achieved with the Regalia flotel during September and October, the company said. Commissioning of the offshore installation systems required
PGS, TGS JV Wraps Up 5th Acquisition Season Off Canada
PGS has recently completed the fifth consecutive acquisition season offshore Newfoundland and Labrador as part of the ongoing joint venture (JV) with TGS. With PGS operating four vessels, two 3D and two 2D, the season marked the start of the first MultiClient 3D programs to be acquired by the JV. Th
PHOTO: Island Venture in Final Stage of Sea Trials
Norwegian shipbuilder and designer, Ulstein, informed that the ‘Island Venture’ offshore construction vessel has entered the final stage of sea trials. The final works will be completed when the vessel returns to the yard by the end of the week. According to the company, Island Venture is the larges
Deep Down Swings to Loss
Deep Down reported a net loss of $0.6 million, or $0.04 loss per diluted share for the third quarter of 2015, compared to net income of $1.2 million, or $0.08 income per diluted share for the third quarter of 2014. Revenues for the quarter ended September 30, 2015 were $6.1 million compared to reven
Civmec’s Subsea Jumper Spools for Shell’s Prelude FLNG
Civmec, a provider of engineering and construction services, has secured a contract for the fabrication of subsea jumper spools for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) Project. The work involves fabrication of 17 subsea jumper spools and associated lifting equipment for Prelude FLN
Kosmos Hits Gas Offshore Mauritania
Kosmos Energy announced that the Marsouin-1 exploration well, located in the northern part of Block C-8 offshore Mauritania, has made a gas discovery. This is the company’s second major discovery of 2015. Based on preliminary analysis of drilling and wireline logging results, Marsouin-1 encountered
McDermott Reports Increase in Revenues
Offshore EPCI player, McDermott, has reported third quarter 2015 revenues of $805.9 million, an increase of $391.3 million, compared to revenues of $414.6 million for the prior-year third quarter. Revenues for the third quarter of 2015 were positively impacted by strong revenue recognition at the IN