Subsea
HYPACK Hydrographic Tool to Improve Navigation Safety in Argentina and Uruguay
HYPACK® was selected as the main hydrographic tool for two international commissions responsible for important navigational areas of Argentina and Uruguay. To the South of the American continent, ranging between Brazil, Argentina and Uruguay lies the Uruguay River, about 1750 km long. This river flo
EMGS’ Second Quarter Revenues Down
Electromagnetic Geoservices ASA’s (EMGS) reported revenues of USD 42.5 million in the second quarter 2014, down from USD 61.3 million in the first quarter this year and from USD 44.4 million in the corresponding quarter last year. Contract sales totaled USD 35.5 million, while multi-client sales wer
Kongsberg Mesotech Introduces M3 MARSEC Sonar System
Kongsberg Mesotech Ltd., a Kongsberg Maritime subsidiary and a leader in the underwater acoustic industry, has launched a bundled system developed to meet the needs of customers who want a rapid deployment turn-key system for maritime security. The M3 MARSEC Shallow-Water Maritime Security Sonar Sys
Idemitsu Makes Gas Discovery Offshore Vietnam
Idemitsu Oil & Gas Co., Ltd., JX Nippon Oil & Gas Exploration Corporation and Teikoku Oil (Con Son) Co., Ltd. announce the discovery of gas and condensate at the fourth well called “SV-1X” in the “Sao Vang” structure in Blocks 05-lb and 05-lc offshore southern Vietnam. Blocks 05-lb and 05-lc are loc
NPD Wraps Up This Year’s Seismic Acquisition
The Norwegian Petroleum Directorate has had a successful seismic season, which wound up 19 August. About 5,600 kilometres of two-dimensional (2D) seismic has been acquired in the northern Barents Sea since 18 July. This is a continuation of the acquisitions which the NPD conducted in the southeaster
IKM Testing Secures Goliat Contract from Eni Norge
IKM Testing is awarded a frame contract for pipeline and process services for the Goliat Field in the Barents Sea by Eni Norge. IKM Testing is awarded a frame contract for pipeline and process services for the Goliat Field in the Barents Sea by Eni Norge.Initial duration is three years, with two per
Update: Western GoM Lease Sale Attracts $110 Mln in High Bids
Yesterday’s Western Gulf of Mexico Lease Sale 238 attracted $109,951,644 million in high bids for 81 tracts covering 433,823 acres on the U.S. Outer Continental Shelf offshore Texas. A total of 14 offshore energy companies submitted 93 bids. “This sale underscores the President’s commitment to creat
BOEM Opens Bids for 21 Mln Acre Gulf of Mexico Oil and Gas Lease Sale
The Bureau of Ocean Energy Management (BOEM) Gulf of Mexico Regional Director John Rodi opened the Gulf of Mexico Western Planning Area Lease Sale 238 at 9:00 AM CDT on Wednesday, August 20, 2014 at the Mercedes-Benz Superdome in New Orleans. As part of President Obama’s all-of-the-above energy stra
Shetland Bidding to Become Global Leader in Decommissioning
Shetland is bidding to become a global leader in a multi-billion pound industry as a result of over £20million of investment announced by Cabinet Secretary John Swinney. A set of multi-million pound investments by Lerwick Port Authority and international energy logistics company Peterson aims to cre
Bumi Armada, Eni Ink FPSO Deal Off Angola
Bumi Armada Berhad was awarded a contract by Eni Angola S.p.A. for the chartering, operation and maintenance of an FPSO tanker facility complete with Mooring System at the Block 15/06 East Hub field, located in deep water offshore Angola. The contract is for a firm charter of 12 years with options o
TDW Assists PTTEP in Pipeline Repair on Bongkot Platform
Responsible for providing Thailand with 20 percent of its annual natural gas supply, PTT Exploration and Production Public Company Limited (PTTEP) works hard to make certain that natural gas production from the Bongkot and Erawan Production Platforms, located in the Gulf of Thailand, flow with littl
Statoil: Damaged Pipe Causes Production Shut Down on Troll C
Statoil shut down production on the Troll C platform in the North Sea on Sunday 17 August after an inspection programme on the platform detected corrosion damage to a pipe connected to the oil export system. The corroded pipe will be replaced. This is expected to require a 7-day shutdown. Troll C ha
DNV Takes Delivery of MacArtney’s LISST
Det Norske Veritas (DNV) has recently taken delivery of a LISST-Deep laser particle sizer to be applied for oil, gas and mining industry related monitoring. This unique in-situ capable instrument was procured through MacArtney Underwater Technology and marks the first LISST sale by the company in it
Paradigm CEO Gets Award for Strategic Vision and Business Success
The chief executive of a privately held investment fund based in The Netherlands has received a top award for his strategic vision and business success throughout 2014. Fraser Innes, CEO of Paradigm Group BV, which was established in late 2009 with a focus on investing in upstream technology, has be