Subsea
Noble’s Big Bend Comes Online in Gulf of Mexico
Noble Energy announced that the Big Bend oil development in the deepwater Gulf of Mexico has started production. The single-well field is ramping as expected and is anticipated to reach a maximum gross production rate of approximately 20 thousand barrels of oil equivalent per day (MBoe/d) over the n
Oceaneering Posts Profit Drop
Subsea engineering specialist, Oceaneering, has reported a drop in third-quarter profit for the period ended September 30, 2015 as revenues declined on lower demand and as prices dropped for most of its oilfield services and products. The Houston-based company generated net income of $69.5 million,
Wood Group Bags BP Subsea Gig
Wood Group has secured a new contract to provide engineering services to BP’s existing subsea infrastructure in the Gulf of Mexico, UK and Norwegian continental shelves and offshore Azerbaijan. Wood Group Kenny (WGK) will deliver programme, project and integrity management and operational support fo
McDermott’s Ghana JV Gets Regulatory Approval
McDermott International has received regulatory approval for its McDermott Marine Construction Ghana Limited (MMCGL) joint venture to pursue key offshore opportunities in Ghana. McDermott and MMCGL officials made the announcement during the 2015 Africa Oil Week in Cape Town, South Africa. The Petrol
SEA Corporation Becomes Authorized REMUS Service Center
Hydroid, a subsidiary of Kongsberg Maritime, has recognized Japan-based SEA Corporation as an authorized REMUS Service Center. SEA Corporation has created a service center in Chiba, Japan for the maintenance and repair of Hydroid’s REMUS 100 and REMUS 600 vehicles and support equipment. This local c
Applied Acoustics Wins Second Queen’s Award
The Lord Lieutenant for Norfolk, Richard Jewson, has presented Applied Acoustics’ Managing Director, Adam Darling, with the company’s second Queen’s Award. The award, in the International Trade category, is recognition of Applied Acoustics achievement in boosting export revenues over three years of
ESG to Launch Harvey Sub-Sea in November
Florida-based Eastern Shipbuilding Group (ESG) will launch the multi purpose support vessel (MPSV) Harvey Sub-Sea on November 6, engineering and technology group SENER reports. It is the first vessel successfully detailed designed in the shipyard with the SENER’s FORAN CAD/CAM System. The MPSV, the
Red Ink for Dolphin
Norway’s Dolphin Geophysical has slumped into loss in the third quarter on restructuring charges and as revenues declined on weak market and contract delays. The Oslo-listed seismic player, recorded Q3 2015 net loss of USD 31.1 million, compared to net profit of USD 12.1 million in Q3 2014. Nordstje
Navy Divers Survey USS Houston Wreck in Sunda Strait
U.S. Navy divers, assisted by personnel from the Indonesian Navy (TNI-AL), surveyed the World War II wreck of the cruiser USS Houston (CA 30). The nine-day operation was held aboard USNS Safeguard (T-ARS 50) with embarked divers from Explosive Ordnance Disposal Mobile Unit 11, Mobile Diving and Salv
Kongsberg LARS for Jumeirah New DSV
Kongsberg Evotec, a fully owned subsidiary of Kongsberg Maritime, has entered an agreement with CSSC Huangpu Shipyard in Guangzhou China for the delivery of two Launch and Recovery Systems (LARS) for Remote Operated Vehicles (ROV). The contract includes the first delivery of the recently patented K-
Saipem Looks for Cash Injection, Posts Q3 Lower Profit
Italian contractor Saipem has seen profits drop by some 29 per cent on tough market conditions. The company posted earnings for the third quarter of 2015 (as at September 30, 2015) of €54 million, versus €76 million in the third quarter of 2014. Revenues in the third quarter were down, amounting to
OpenHydro Buys Tritech Gemini Sonars
Tritech has secured an order for supply of sonar systems for Irish tidal turbine company OpenHydro. OpenHydro has purchased a number of Gemini imaging sonars to monitor the installation and recovery of tidal turbines and subsea base units for its current and future projects. The company also purchas
Eni Sells Saipem Stake
Eni has executed a sale and purchase agreement, pursuant to which it will sell a stake in Saipem consisting of n. 55,176,364 ordinary shares, representing approximately 12.5% plus one share of the company share capital (Transferred Stake) to Fondo Strategico Italiano (FSI). At the same time, Eni and
Helix’s Q5000 Starts Work in Gulf of Mexico
Helix Energy Solutions Group announced that the Q5000 semi-submersible well intervention vessel entered service last week. The Q5000 is currently on hire for a client in the Gulf of Mexico, prior to it’s five-year contract with BP. Earlier this year Helix and BP agreed to defer the start-up of the w