Subsea
Transocean to Pay USD 20M to Alabama for GoM Oil Spill
Governor Robert Bentley announced that Alabama has agreed to a settlement of USD 20 million with Transocean Offshore Deepwater Drilling, which owned the Deepwater Horizon drilling rig when it exploded in Gulf of Mexico causing the biggest oil spill in U.S. history. “The State of Alabama suffered tre
PGS Takes USD 110 Mln Loss
Oslo-listed seismic player, Petroleum Geo-Services (PGS), has posted net loss of $110 million for the third quarter of 2015, compared with $8.4 million profit in the corresponding period in 2014. In the third quarter of 2015, the company recorded revenues of $225.7 million (out of which $120.4 milli
Acta Marine Christens Construction Support Vessel Acta Orion
Acta Marine’s new build construction support vessel “ACTA ORION” was christened at the naming ceremony held on Thursday October 22 at the port of Harlingen, The Netherlands. Didi te Gussinklo Ohmann, Van Oord’s Gemini project director performed the ceremony. ACTA ORION has a length of 108 meters and
Forum Sees Profits Slashed
Forum Energy Technologies has seen its net income plunge by some 86 per cent in the third quarter 2015 as revenue declined on overall oil market slowdown. The Houston-based oilfield products company posted net income for the quarter of $7 million or $0.07 per diluted share compared to $52 million or
EIVA, Marine ONE Ink Representative Agreement
EIVA and Italian Marine ONE signed a representative agreement to include EIVA hardware and software solutions for offshore construction and subsea surveying operations in Marine One product portfolio. Last week, EIVA announced that the Brazilian company MACSEA had joined the network of EIVA represen
Ezra Posts Q4 Loss and 3 Pct Decline in Full-Year Profit
Singapore-listed offshore O&G contractor, Ezra, has plunged into the red in its fourth quarter, due to losses from discontinued operations, comprising its subsea division EMAS AMC entities and also recorded a slight full-year profit drop of 3 per cent. For the fourth quarter of 2015 (4Q2015) ending
NPD Studies Unmanned Wellhead Platforms as Alternative to Subsea Tie-Back
The Norwegian Petroleum Directorate (NPD) wants unmanned wellhead platforms to be considered more often as an alternative to subsea tie-back in connection with development decisions. A new study will look into the benefits and disadvantages of wellhead platforms, NPD said. NPD has commissioned a stu
Dolphin Returns Two Seismic Vessels to Sanco
Dolphin, a provider of marine seismic services, has received a Notice of Time Charter termination for the two vessels Sanco Swift and Sanco Sword. The new operator of these vessels will be another seismic player-PGS. The company announced today that it has entered into charter agreements leading to
ABB Delivers Power to New Troll A Compressors
ABB has completed its second power-from-shore system for Troll A, the world’s largest offshore gas platform, which is operated by Statoil and located in the North Sea about 70 km west of the Kollsnes onshore gas treatment plant, outside Bergen. As with the first system, the purpose is to power two c
Cameron Down 17 Pct in Q3
Cameron has reported net income of $187 million in the third quarter 2015, a decrease of approx. 17 per cent from the prior-year quarter net profit of $225 million. The company’s fully diluted earnings per share for the third quarter and first nine months of 2015 were $0.97 and $1.96, respectively,
Tendering Process for Viking Link Starts
National Grid Interconnector and Energinet.dk have started the process to appoint a marine contractor to carry out seabed surveys between England and Denmark for their joint Viking Link interconnector project. The appointment, which is expected to be early next year, marks a major step forward for t
Saga Subsea Opens Office on Gran Canaria
Saga Subsea has established an office on the Gran Canaria Subsea and Offshorebase (GCSB), where it will be a part of development of the base together with Otech. Managing Director in Saga Subsea, Einar Tollaksvik said: “We think that the foundations and pre-work for this Offshorebase, commenced by O
Huawei Marine to Deliver CBCS Subsea Link
Huawei Marine has informed it will construct the Cameroon-Brazil Cable System (CBCS), connecting Africa to Latin America. The project is invested by CamTel and China Unicom. Telefónica will support the initiative providing its international facilities and experience. CBCS, which is approximately 6,0
PSA Inspects Fabrication of Gina Krog Flexible Risers
The Petroleum Safety Authority Norway (PSA) has carried out an audit of Statoil and the fabrication of flexible risers for Gina Krog FSO. The objective of the audit was to monitor the fabrication of flexible risers, follow up the operator and supplier/subcontractor and verify that the project is bei