Subsea
New PORTS Real-Time Data System Officially Dedicated
Officials from NOAA, the Jacksonville Marine Transportation Exchange, and the Jacksonville Port Authority officially dedicated a new information system which will increase safety for ships using the St. Johns River. The system, called Physical Oceanographic Real-Time System (PORTS), provides real-ti
Cameron Reports Record Second Quarter Revenues
Cameron reported earnings per share for the second quarter of 2014 of $1.00 excluding unusual items. This compares to earnings per share for the second quarter of 2013 of $0.77 excluding unusual items. The unusual items for the second quarter of 2014 were after-tax credits of $0.02 per share and a $
Technip Records Substantial Improvement in Subsea Profitability
On July 22, 2014, Technip’s Board of Directors approved the second quarter and first half 2014 consolidated financial statements. Thierry Pilenko, Chairman and CEO, commented: “Technip’s second quarter was characterized by a substantial improvement in Subsea profitability, exceptionally strong order
HMAS Yarra Divers Recover HMAS Bundaberg’s Anchor near Ashmore Island
Personnel in the coastal mine hunter HMAS Yarra have used their diving expertise to recover an anchor and shackles weighing one tonne from the seabed near Ashmore Island. The anchor, belonging to Armidale class patrol boat HMAS Bundaberg, was cut lose when it firmly wedged beneath a large boulder an
140 Miles Left for Concordia to Reach Genoa
After 22 hours of navigation of Costa Concordia, the convoy is now at over 50 miles off Giglio Island with about 140 miles from Genoa Prà-Voltri. At present, navigation speed is 2.0 knots . Weather and sea conditions are good, with calm sea and 6-7 knots of wind from North/North East. The first envi
Rosneft, Ministry of Transport of Russian Federation Ink Cooperation Agreement
Rosneft President, Chairman of the Management Board Igor Sechin and Minister of Transport of the Russian Federation Maksim Sokolov signed an Agreement of Cooperation. The parties agreed upon cooperation in fields relating to the search and rescue of people in distress, prevention and control of poss
Bibby Offshore Hosts Visit of Chancellor of Exchequer George Osborne
Bibby Offshore, the subsea services provider to the oil & gas industry, hosted a visit by George Osborne, Chancellor of the Exchequer, to the Company’s innovative workshop, storage and maintenance facility in Aberdeenshire, on Tuesday 22 July. The Chancellor was given a tour of Bibby Offshore’s new
JIP Findings Result in Flexcom Software Upgrade
Wood Group Kenny (WGK) announced that findings from the first and second phases of a Joint Industry Project (JIP) into understanding the effect of slug flow on pipelines and risers has led to significant enhancements in their software package, Flexcom, to deliver automated slug capabilities. Subsea
USACE Galveston District Awards Geotechnical Survey Contract to Quaternary Resources
The U.S. Army Corps of Engineers Galveston District, awarded a small business contract in the amount of $106,871.81 to Quaternary Resources Investigations LLC for core drilling, soil sampling and laboratory testing at Freeport Harbor’s Dredging Placement Area One. The contract will allow for drillin
Turkey Approves South Stream Offshore Pipeline EIA
The Turkish Ministry of Environment and Urbanisation has approved the Environmental Impact Assessment Report (EIA Report) for the section of the South Stream Offshore Pipeline that will cross the Exclusive Economic Zone (EEZ) of Turkey. The EIA Report consists of an assessment of potential impacts o
Minehunter Rimini Finds Intact Naval Mine in Black Sea
Minehunter Rimini (engaged in the Standing NATO Mine Countermeasures Group 2) identified a mine still with its releasing device in the Black Sea. The discovery was exceptionally uncommon, due to the absence of mud on the device and the still existing connection with the anchor, as well as the physic
Oceaneering: Subsea Products Operating Income Exceeded ROV
Oceaneering International, Inc. reported record quarterly earnings for the second quarter ended June 30, 2014. On revenue of $927.4 million, Oceaneering generated net income of $110.3 million, or $1.02 per share. During the corresponding period in 2013, Oceaneering reported revenue of $820.4 million
BW Offshore to Take 100 Pct Ownership of Petroleo Nautipa FPSO
BW Offshore has signed a sale and purchase agreement with Yinson to take 100% ownership of the FPSO Petroleo Nautipa, owned through Tinworth Pte. Ltd. Tinworth, and correspondingly the FPSO, has been 50/50 owned between BW Offshore and Yinson Holdings Berhad through their respectively wholly owned N
Statoil Secures New Acreage Offshore Colombia
Statoil has been awarded interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round. Statoil will hold 33,33% in the licence. Repsol will be the operator of the licence and will hold 33,34%. ExxonMobil Exploration Colombia will hold 33,33%. The award is