Subsea
TGS Q2 Profit Dips 11 Percent
TGS reports net revenues of USD 205 million in Q2 2014, compared to USD 210 million in Q2 2013. Earnings before interest and taxes (EBIT) totaled USD 82 million, corresponding to an EBIT margin of 40%. The Company’s net pre-funding revenues were USD 60 million, up 39% from Q2 2013. Backlog of USD 22
SI Ocean Delivers Wave and Tidal Deployment Strategy
Funded by the Intelligent Energy Europe programme, the SI Ocean project’s Market Deployment Strategy makes several high-level recommendations for commercialising the emerging wave and tidal energy sectors. The SI Ocean (Strategic Initiative for Ocean Energy) project’s goal is to deliver a common str
Paradigm Sets Up Global HQ in Drumoak
Paradigm Flow Services, the blockage removal experts for the oil and gas sector, has invested $7.1 million (£4.25 million) in a new headquarters and test centre as it advances its global ambitions. The company is taking a 15 year lease on Paradigm House in Drumoak from MacDonald Properties (Aberdeen
Rosneft to Conduct Ecologic Fishery Research in Laptev Sea
For the first time in history of Arctic Rosneft will carry out integrated ecologic fishery research on three licensed sites (LS) of Laptev Sea: Anisinsko-Novosibirsky, Ust’ Lensky and Ust’ Oleneksky. The Program of ecologic fishery research realization is the first and obligatory part of licensed si
Osiris Invests in New Launch and Recovery System
Osiris, a provider of diving services and remotely operated vehicles (ROVs) has successfully enhanced their capability with a new LARS. The new LARS includes a TMS (Tether Management System), which is the first of its kind at Osiris, enhancing their capabilities within the market. This inclusion pro
CNOOC Announces Production Start from Panyu 10-2/5/8 Project
CNOOC Limited announced that its Panyu 10-2/5/8 project has commenced production. Panyu 10-2/5/8 project is located in the Pearl River Mouth Basin of the South China Sea with an average water depth of approximately 100 meters. This project includes 3 oilfields, Panyu 10-2, Panyu 10-5 and Panyu 10-8
TÜV SÜD PMSS to Consult on U.S. OW Cable Spacing
PMSS America, Inc., the US division of global renewable energy consulting firm TÜV SÜD PMSS, supported by submarine cable specialists Red Penguin Associates Ltd. of the U.K., has been selected to provide strategic guidance to the US Department of the Interior and Bureau of Safety and Environmental E
BOEM Extends Comment Period for RFI on 2017-2022 Oil and Gas Leasing Program
The Bureau of Ocean Energy Management (BOEM) announced that it is extending the public comment period for the Request for Information (RFI) and Comments on the Preparation of the 2017-2022 Outer Continental Shelf (OCS) Oil and Gas Leasing Program. The RFI was released in mid-June as the initial step
Genel Energy Spuds SM-1 Well Offshore Morocco
Serica Energy plc has confirmed the start of drilling of the SM-1 well in Morocco. Genel Energy, the operator of the Morocco Sidi Moussa licence, has informed Serica that the semi-submersible rig ‘Noble Paul Romano’ has been secured on location and that the SM-1 well spudded at 23:10 hours on 30 Jul
ASV, Planet Ocean Ink Technology Partnering Agreement
ASV Ltd and Planet Ocean Ltd have signed a Technology Partnering Agreement which sees Planet Ocean as the ASV technology partner for marine science applications to provide turnkey solutions for the marine science sector. Initially focussing on ASV’s C-Enduro, a long endurance autonomous surface vehi
Subsea 7 1H Profit Jumps to $400 Million
Subsea 7 S.A. has announced results for the second quarter and first half 2014 which ended on 30 June 2014. Revenue for the quarter was $1.9 billion, an increase of $224 million compared with Q2 2013.Revenue for the half year ended 30 June 2014 was $3.6 billion (1H 2013: $3.1 billion). Net income fo
Eni Makes Gas Discovery Offshore Gabon
Eni has made an important gas and condensates discovery in the Nyonie Deep exploration prospect located in block D4, approximately 13 kilometers from the coast of Gabon and 50 kilometers from the capital city Libreville. Preliminary estimates suggest the new gas discovery is significant, with initia
Carnegie’s Perth Project Remains in Focus in Q2, CETO 6 Progresses
During the quarter Carnegie Wave Energy Limited focused primarily on its Perth Wave Energy Project (the Perth Project) with the CETO unit assembly and test phase, delivery of the desalination plant to the Garden Island onshore site and the construction of the onshore power plant and grid connection.
Dolphin Awarded Austalian Survey Gig by TGS
Dolphin has been awarded a contract from TGS for Nerites Season 2 located in the Bight’s deep water Ceduna Sub-basin in Australia, covering 13.000 sq.km. The initial Season 1 was successfully carried out by Polar Duchess and she will return together with a second Dolphin high-capacity vessel in Q4 2