Subsea
Polarcus Wins Brazil Shoot
Polarcus has signed a Letter of Intent (LOI) with an undisclosed client for a 3D marine seismic acquisition project offshore Brazil. The program, subject to the execution of contract, is projected to start in Q2 2015 upon receipt of the required environmental permit, and is expected to run for appro
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (November 24 – November 30). Subsea 7 has been awarded a contract by Royal Dutch Shell (Shell) for installation work in the Gulf of Mexico. The contract value is in the range of $50 […]
Nautilus to Return Escrowed Funds
Nautilus Minerals has announced that under the terms of its agreement with the nominee of the Independent State of Papua New Guinea, the sum of US$113 million, which was placed into escrow in May 2014, shall be released to Nautilus on completion of the agreement, which is scheduled to take place on
Magallanes Sets Up Floating Turbine at EMEC
Spanish tidal turbine company Magallanes has successfully deployed its floating turbine at the European Marine Energy Centre (EMEC), supported by the EU-funded Marinet project. The 1:10 scale ‘ATIR’ prototype was installed on EMEC’s Shapinsay Sound test site. Magallanes has been developing their con
VIDEO: IHC Launches Subsea 7’s SEVEN RIO
IHC has successfully launched Subsea 7’s 550t pipelaying vessel, SEVEN RIO, at its shipyard in Krimpen aan den IJssel, The Netherlands. The naming ceremony was carried out by Anelise Lara, Petrobras Executive Manager for the Libra Project. In August last year, IHC announced the orders from Subsea
Technip Bags Gullfaks Subsea Deal
Technip has won a contract with Statoil ASA for the Gullfaks Rimfaksdalen (GRD) Marine Operations Pipelay and Subsea Installation project. The project is an option to the Snøhvit CO2 Solution project awarded in 2013. The GRD project scope consists of a subsea tie-back to a new Wye piece on an existi
SeaBird Slides to Loss
SeaBird, a seismic data provider for oil and gas companies, has recorded a net loss of $20.2 million for the third quarter of 2014 (Q4 2014). This compares to a net income of $4.0 million in the same period in 2013 (Q3 2013). The company generated $22.7 million in revenues, a drop of 55% versus [&he
Searcher Seismic, BGP in Canning Basin Seismic Shoot
Searcher Seismic in cooperation with BGP, announces a major multi-client seismic campaign in the Offshore Canning Basin, consisting of ~16,000 km of newly acquired 2D data and ~10,000 km of reprocessing. The Bilby Non-Exclusive 2D seismic survey comprises of approximately 16,000 km of 2D long-offset
KDM Marine Set for Asia Pacific Expansion
A subsea excavation specialist, KDM Marine International, is set to develop its business within the Asia Pacific region. Members of the KDM Marine team, which is part of the James Fisher Group, will be exhibiting at OSEA 2014 in Singapore from December 2nd to 5th at Stand BG3-06 alongside its fellow
Hydrex Services Tanker in Panama
Hydrex diver/technician team has carried out underwater stern tube seal repairs on a 196-meter LPG tanker in Panama. The ship was suffering from an oil leak, making an on-site repair necessary. Hydrex team mobilized to the tanker’s location, together with all the needed equipment. After the diving t
Kvaerner’s Concrete Solutions EVP Resigns
Bjørn Gundersen has decided to leave the position as Kvaerner’s Executive Vice President (EVP) for Concrete Solutions. Arnt Knudsen, who comes from the position as leader for Technology & Business Development in Concrete Solutions, will take over as new EVP for the business area. Since the 1980s, Bj
MCG in Seismic Acquisition Off Indonesia
MultiClient Geophysical (MCG) will acquire two new multi-client 2D seismic surveys in Indonesia. The Lombok survey is located North East of Bali and totals 1,800 km and the East Sulawesi survey totals 1,000 km. The surveys are expected to commence during first half of December and will be acquired b
Dolphin Scoops West Africa 3D Shoot
Norwegian seismic player, Dolphin, has been awarded a 3D seismic contract in West Africa for an undisclosed client. The award follows recently announced two major 3D seismic projects in India. Dolphin plans to utilise one of its high-capacity 3D seismic vessels. The survey is scheduled of approximat
Statoil to Become Johan Sverdrup Operator
The Johan Sverdrup partners have agreed to recommend Statoil as operator for all phases of the field. Their agreement will be included in the Unit Operating Agreement (UOA), which is planned to be submitted to the authorities in February 2015 together with the Plan for Development and Operation (PDO