Subsea
More than 40 Bodies Recovered in QZ8501 Search
More than 40 bodies have been retrieved from the Java Sea off the coast of Kalimantan where the AirAsia plane went down with 162 people on board on Sunday. In the earlier reports today, Indonesian officials confirmed six bodies were found in Java Sea waters about 10 kilometers from Flight QZ8501’s l
Gazprom in South Stream Buyout
Russia’s Gazprom has signed an agreement for the acquisition of the remaining 50% stake in the South Stream gas pipeline project (South Stream Transport BV). South Stream Transport was owned by Gazprom with a share of 50%, by Eni with a share of 20%, and Wintershall and EDF with a share of 15% each.
Bourbon Sells More Vessels
BOURBON has completed the transfer of ownership under the agreements with ICBC Financial Leasing (ICBCL) and Standard Chartered Bank (SCB) as part of the sale and bareboat charter agreements signed in 2013. During 2014, the ownership of 25 vessels was transferred to ICBCL in accordance with the agre
Magseis Confirms Chevron Gig
Norwegian geophysical company, Magseis, has secured a final contract with Chevron North Sea Ltd for seabed seismic acquisition in the UK sector of the North Sea. This notice is with reference to the previously announced letter of intent (LOI) from an undisclosed international oil company for seabed
LTHE Scoops $140 Mln Vasai East EPIC Deal
L&T Hydrocarbon Engineering (LTHE), a fully owned subsidiary of Larsen & Toubro, has bagged an offshore contract valued at approximately $140 million (Rs.894 crores) from the Oil & Natural Gas Corporation (ONGC) for additional development of the Vasai East project. The contract, won against internat
UTEC StarNet Boosts UK Team
UTEC StarNet a division of global offshore survey company UTEC has appointed Colin McHardy as the new Business Unit Director. According to the company, with extensive experience gained from various executive director and operation manager roles, McHaardy’s track record makes him well placed to help
DW: Subsea Processing In Peril?
Much of the recent commentary concerning the decline in oil prices has focused on US onshore production, specifically whether the continued extraction of unconventional resources is viable at current prices. Undoubtedly, this will be a key issue for the dynamics of global supply. However, Douglas-We
Seadrill Gets West Polaris Drillship
Seadrill Limited has exercised a purchase option for the West Polaris, a 6th generation Ultra-Deepwater drillship, from Ship Finance International. The West Polaris was acquired by Ship Finance in 2008 and subsequently bareboat chartered to Seadrill with purchase options starting in 2012. The purcha
Tanjung Offshore, Bourbon Cancel Deal
Malaysian group Tanjung Offshore Berhad and Bourbon Far East Pte Ltd have jointly agreed to terminate exclusive discussions initiated in spring 2014. In June this year, the companies entered into exclusive discussions for the sale of 51% ownership of nine BOURBON Offshore Support Vessels operating i
Missing AirAsia Plane Probably at Sea Bottom
The search is continuing for the AirAsia plane, a day after it went missing with 162 people on board, but no trace has been found so far. AirAsia Indonesia confirmed that flight QZ8501 from Surabaya to Singapore has lost contact with air traffic control at 07:24 (Surabaya LT) Sunday morning. The fli
Russian Divers Achieve Record Antarctic Plunge
On December 24, 2014 the Antarctica 100 expedition of the Russian Geographical Society’s Branch in the Republic of Tatarstan returned from the Antarctic. Russian divers led by Dimitri Schiller went to the South Pole. The project’s objective was to develop relatively safe methods of deep diving in th
EMGS in Brazil Data Sale
Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an international oil company worth USD 1.8 million for the provision of 3D EM data from a portion of the EMGS’ multi-client data library in Foz do Amazonas in Brazil. According to EMGS, the data will be delivered
China’s First Deep Engineering Ship Operational
China’s first multifunction underwater engineering ship “Offshore Oil 286” with operating water depth of 3000 invested and constructed by COOEC kicked off operation on Sunday, Xinhua reports. Built by Guangzhou Huangpu Shipbuilding “Offshore Oil 286” is a multifunctional underwater engineering vesse
Siem Nets Charter for OSCV ‘Siem N-Sea’
Siem Offshore and N-Sea Offshore Ltd have entered into a charter agreement for the Offshore Subsea Construction Vessel ‘Siem N-Sea’ (ex. Siem Stork ). The Siem Stork is a 93.6 meters in overall length diesel electric driven vessel with low fuel consumption for reduced emission to the environment. It