Subsea
Subsea 7 Charters ‘Siem Stingray’ OSCV
Siem Offshore and Subsea 7 have entered into a charter agreement for the Offshore Subsea Construction Vessel (“OSCV”) “Siem Stingray”, which is under construction in Norway. The agreement is made at market terms and is for a firm period of three years with two yearly options. The Siem Stingray is de
Wood Group Provides Engineering Support for SWRP
Wood Group has delivered engineering services to the Subsea Well Response Project (SWRP), a joint industry project to further improve the prevention of, and response to, subsea well-control incidents. Contracted by Shell, on behalf of the SWRP team, Wood Group Kenny led the way and drew on the exper
EMGS BOA Thalassa to Conduct 3D EM Acquisition in North Sea
Electromagnetic Geoservices ASA (EMGS) has received a signed contract from North Energy ASA worth NOK 10 million (USD 1.7 million) for 3D EM data acquisition in the North Sea. The survey is expected to commence early May, using the vessel BOA Thalassa. BOA Thalassa is a purpose-built 3D EM vessel wi
ION Geo Bags Seismic Data Processing Contract from PEMEX
ION Geophysical Corporation announced that its GX Technology (GXT) group has been awarded a multi-year contract with Petroleos Mexicanos (PEMEX), the national oil company of Mexico. Under this contract, GXT is providing a broad range of seismic data processing for multiple offshore and onshore surve
Upgraded Polarcus Naila Mobilized for “UK Breagh” Survey
Polarcus Limited announces that Polarcus Naila is presently mobilizing for the highly prefunded Polarcus “UK Breagh” multi-client survey after a successful upgrade. The upgrade enables the vessel to tow ultra-wide 12 streamer spreads, matching the capability of the four high performance “A-class” ve
Top News of the Week of Apr 28 – May 04, 2014
1. Aker Solutions Splits into Two Companies Aker Solutions will split into two companies to speed up a streamlining process that will reduce costs and better position all parts of the group to meet the needs of customers in an increasingly competitive global energy industry. 2. Subsea 7 Bags $160 Ml
Deep Down Appoints New Independent Board Member
Deep Down, Inc., an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, informed that Mark Carden has joined its Board of Directors as an independent director, effective May 1, 2014. Carden was a Partner at Coopers & Ly
Chevron’s First Quarter Earnings Down from a Year Ago
Chevron Corporation reported earnings of $4.5 billion ($2.3 6 per share – diluted) for the first quarter 2014 , compared with $ 6.2 billion ($3. 18 per share – diluted) in the 2013 first quarter. Sales and other operating revenues in the first quarter 2014 were $51 billion, compared to $54 billion i
Universidade da Coruña Looking for Underwater Service Equipment
The University of A Coruña has invited tenders for the development of robotic prototype for underwater inspection services. The value of the tender is approximately $572 000. A platform fit for underwater inspection during maintenance of offshore structures is required to be developed under the tend
European Commission Funds Seabed Mining Project
The European Commission is helping to take seabed mining to the next level by funding a four-year project entitled: “Breakthrough Solutions for Mineral Extraction and Processing in Extreme Environments – Blue Mining”. The overall aims of this project are to develop new cost-effective solutions for e
Statens vegvesen Plans Subsea Tunnel Construction (Norway)
Statens vegvesen (The Norwegian Public Roads Administration) and Troms County invites tenders for underwater tunnel construction, sea fillings with 4 bridges and a road which will connect Grytøy, Sandsøy and Bjarkøy municipalities. The work scope for this project consists of the construction of an u
UAB, NSWCCD Collaborate in 3D Laser Scanning of Howell Torpedo
Conservators and scientists from Naval History and Heritage Command’s Underwater Archeology Branch (UAB) and Naval Surface Warfare Center Carderock Division (NSWCCD) collaborated to begin a three dimensional laser scanning of the Howell Torpedo, April 30. “The torpedo was lost in 1899 during a train
HMS Echo Withdraws from Search for Malaysia Airlines Flight MH370
HMS Echo has joined HMS Tireless in standing down from the search for the signal from the black box of Malaysian Airlines flight MH370. The move comes after the Australian Prime Minister Tony Abbott announced that the search for the missing Malaysian aircraft is now moving into a new phase. Survey s
CEO of LR Senergy Calls for Action to Tackle Drilling Skills Crisis
The CEO of global leading energy services company LR Senergy, James McCallum has issued a stark warning that oil and gas productivity will drop if the drilling sector doesn’t unite and take urgent action to tackle the drilling skills shortage and focus on excellence in well delivery processes. Speak