Subsea
TGS Taps SeaBird for Seismic Services
Marine seismic survey provider SeaBird Exploration has entered into an option agreement with TGS Nopec to provide up to 600 vessel days of seismic services. The agreement offers TGS access to one or more SeaBird vessels to perform seismic services on a global basis. Call-off under this option agreem
DeepOcean Increases Footprint in West Africa with Searov Acquisition
DeepOcean has acquired French company Searov Offshore SAS and has expanded its presence in West Africa. Searov, established in 2008, owns and operates ten remote operated vehicles (ROVs) from its operating bases in Pointe Noire, Congo and Port Gentil, Gabon. “This acquisition will allow DeepOcean to
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (July 24 – July 30). TechnipFMC has informed that is financial statements for the three months ended March 31, 2017 should no longer be relied upon because of material errors in such financial statemen
Saipem Lands $900M Zohr Deal
Saipem and Petrobel have finalized offshore contract variations worth $900 million for engineering, procurement, construction and installation (EPCI) activities in relation to the “Optimised Ramp Up” phase of the Zohr field development project situated in the Mediterranean Sea off the Egyptian coast
Statoil Kicks Off at Byrding
Statoil and its partners have started production on the Byrding field. Byrding is an oil and gas field north of the Troll field in the North Sea, with recoverable volumes estimated at a good 11 million barrels of oil equivalent. The partners have invested around NOK 1 billion in Byrding, which is a
SengS Wins £1.6M in New Contracts
SengS, part of the Pryme Group, will design, manufacture and install various test equipment for the onshore and offshore assets of several North Sea oil and gas operators and service companies. Further afield, SengS has also been tasked with the completion of a subsea design project in Tunisia, Nort
Tullow, Eco Atlantic Begin Orinduik Field 3D Survey
have started a 2,550 km2 seismic survey on the Orinduik Block offshore the Republic of Guyana. The survey is being conducted by Schlumberger (WesternGeco) using R/V GECO Eagle and two supporting vessels, and is expected to be completed within 50 days. Eco Atlantic holds a 40% working interest in Ori
Naval Energies to Build Tidal Turbine Factory
The ceremony for laying the first stone for Naval Energies/OpenHydro tidal turbine plant took place in Cherbourg this month. The construction of this plant is a world first, embodying the start of the industrial phase, and represents a decisive step in the development of tidal energy in France and a
Marine Scientists Spot Deepest Cold-Water Corals Off Ireland
A team of scientists have discovered the deepest known occurrence of a cold water coral reef known as Solenosmilia variabilis in Irish waters at depths of 1600 metres as part of a multiagency and university collaboration using video mapping with the Marine Institute’s remotely operated vehicle ROV H
First Subsea Demos Its New Cable Protection System
First Subsea has completed its first customer-witnessed open water demonstration of a new cable protection system (CPS) for offshore wind farms. The CPS protects subsea power cables as they transition from the seabed into the wind turbine structure. The First Subsea CPS is being deployed on Hornsea
Nord Stream 2 Advances to Permitting Phase in Finland
The Finnish environmental impact assessment (EIA) procedure for Nord Stream 2 was completed today after the coordinating authority, Uusimaa ELY Centre, responsible for the national procedure in Finland, provided its statement on the EIA report of the Finnish section of the planned Nord Stream 2 natu
EMGS Narrows Losses
Norwegian geophysical services company EMGS posted loss for the second-quarter 2017 of $3.6 million, improving from $11.2 million loss in the same period last year. The Oslo-listed company generated revenues of $10.6 million in the second quarter 2017, down from $15.1 million in the corresponding pe
Oceanteam Wins Long-Term Turntable Contract
Oceanteam Solutions has been awarded a long-term contract to supply a company that performs the installation of marine power cables with a 2000T demountable turntable including engineering and personnel services. The mobilisation and demobilisation of the equipment onto client’s vessel will take pla
PGS Cuts Deficit as Revenues Rise 31%
Norwegian seismic player, Petroleum Geo-Services (PGS), reported net loss for the second quarter ended June 30, 2017 of $32 million versus $52 million in the prior-year quarter. Basic loss was 10 cents per share, narrowed from 22 cents per share same time last year. PGS generated revenues of $240 mi