Subsea
SEA Bags $37 Mln Submarine ECS Deal
SEA, a Cohort company, has been awarded an initial contract by BAE Systems to provide its innovative External Communications System (ECS) for the whole of the Royal Navy’s submarine fleet. The value of this new contract is approximately $37 million (£23 million), covering long lead procurement out t
Reach Subsea’s ROV Services for Viking TBN
Reach Subsea has entered into a 3-year contract with Eidesvik Offshore for provision of ROV services on Viking TBN, a subsea construction vessel to be delivered from Kleven Yard in March 2015. The scope of services from Reach Subsea include two new work ROVs with full crewing, and is expected to yie
PGS Takes Profit Dive
In Q3 2014, net income for Petroleum Geo-Services ASA (PGS) was $8.4 million, compared to $74.2 million same time last year. The lower profit margin is primarily due to a weaker seismic market. Revenues increased $28.6 million, or 8%, compared to Q3 2013. The increase is mainly a result of higher ma
TGS Records Slight Drop
TGS, a provider of multi-client geoscience data, has reported net revenues of USD 190 million in Q3 2014, compared to USD 191 million in Q3 2013. Earnings before interest and taxes (EBIT) totaled USD 71 million, corresponding to an EBIT margin of 38%. Cash flow from operations was USD 184 million, a
GDF SUEZ, BP Make New UK CNS Discovery
GDF SUEZ E&P UK Ltd and BP announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f (licence P1588) and BP operated block 30/1c (licence P363) was flow tested at a maximum rate of 5,350 barrels of oil equivalent per day. The discov
WGP, TGS Wrap Up 2014 Barents Sea Survey
WGP Survey, in partnership with TGS Nopec AS, has completed 2014’s multi-client/proprietary survey of prospects in the Barents Sea region. The survey was conducted using the P-Cable system onboard the ‘Bergen Surveyor’, prior to the 23rd license round that is expected to be announced shortly. The ra
WGP in Snorre & Grane Combined PRM
WGP continues to operate Statoil’s Dual Portable Modular Source System (D-PMSS), designed and built by WGP and mobilised on the ‘Siddis Sailor’, on the third Permanent Reservoir Monitoring (PRM) survey in the North Sea. Survey 3 is the first where Grane and Snorre fields will be shot consecutively,
Ocean Installer Expands in Australian Region
As part of Ocean Installer’s global growth strategy, the company has established office in Perth, Australia to meet client demand for subsea construction services. “This is the beginning of our presence in another promising region in line with Ocean Installer’s growth strategy. The Asia Pacific- and
Mokul Nordic Gets Five Year Charter from Noble Energy
Nordic Maritime announced a five year time charter for its DP2 IMR Subsea vessel, Mokul Nordic, which has been awarded by Noble Energy. “At Nordic Maritime, we are delighted to have won this long term charter contract directly with a highly reputed international oil company, Noble Energy. This is a
Petrex Assists CNRI in Lyell Subsea Pump Setup
Subsea Project Management Specialist, Petrex have successfully supported the CNRI Subsea Project Team on their installation of a Multiphase Booster Pump (MPBP) at the Lyell subsea field. Petrex acted as the CNRI interface for the day to day project management of the MPBP vendor, umbilical splice ven
InterMoor Delivers Two Projects for COOEC
InterMoor, an Acteon company, has completed two major offshore campaigns for China Offshore Oil Engineering Corporation (COOEC) with support from Acteon sister companies in the Panyu and Enping fields, Pearl River Mouth basin, South China Sea. To extend the life of the Hai Yang Shi You III FPSO, the
Hydroid: Registration for AUVX Users Forum Open
Kongsberg Maritime and its subsidiary Hydroid, Inc., a leading manufacturer of autonomous underwater vehicles (AUVs), welcome the AUV community to register for their AUVX Users Forum which is now officially open. Members of the global AUV community are invited to attend the AUVX Users Forum Septembe
APTelecom Hosts First ‘State of Subsea’ Event in Asia
APTelecom has completed the latest in its series of ‘State of Subsea’ expert events on October 2nd at the world-renowned ToT Academy in Bangkok, Thailand. The event was the third in the ‘State of Subsea’ expert event series that APTelecom, and marked the first time that a ‘State of Subsea’ event was
Eni Norge to Drill for Oil Spill Response in the Dark
Eni Norge is entering into an oil spill contingency training agreement with the Nordkapp Maritime Training Centre in Honningsvåg. The centre will be the first in the world to employ simulators for oil recovery training in conditions of darkness. The development of the Goliat field has considerably s