Subsea
Financing Deal in Place for Nord Stream 2 Project
Nord Stream 2 AG has signed financing agreements for the Nord Stream 2 pipeline project with ENGIE, OMV, Shell, Uniper and Wintershall. These five European energy companies have committed to provide long-term financing for 50 % of the total cost of the project, which is currently estimated to be €9.
SeaBird to Deploy Osprey Explorer for West Africa Survey
SeaBird Exploration has signed a letter of award (LoA) for an upcoming 2D seismic survey in West Africa. The project is due to start in the second quarter and will have a duration of approximately one month. SeaBird will be using the Osprey Explorer for the project. Osprey Explorer joined the fleet
Statoil Gets Nod to Use Gina Krog
Statoil has received consent from Petroleum Safety Authority (PSA) to put the Gina Krog facility and associated pipeline system into service. Statoil received the approval to put into service the facility’s production plant and associated pipeline system, which comprises the gas export pipeline betw
Turkish Seismic Vessel in Eastern Mediterranean Shoot
The Barbaros Hayreddin Pasha seismic vessel has started Eastern Mediterranean survey in line with the government’s ‘National Energy and Mining Policy’. According to Turkish Anadolu Agency, the survey has started on April 21, and is planned to last until May 31, 2017. The Barbaros Hayreddin Paşa is o
JFD Secures Contract with UK MOD Salvage and Marine Ops
JFD, a James Fisher and Sons company, has been awarded a four-year framework contract, worth up to £10 million, by the UK MOD Salvage & Marine Operations Team for the provision of subsea equipment and support. The Salvage and Marine Operations (S&MO) Team owns and operates subsea equipment to fulfil
Shearwater to Provide 3D Vessel for TGS New Survey
Shearwater GeoServices has secured a contract from TGS for its Crean 3D project to be conducted offshore Ireland. Shearwater will provide one of its 3D vessels for the 5,400 km2 survey located in the South Porcupine Basin. This award will strengthen Shearwater’s backlog in the EAME region for the 20
Engie Calls TechnipFMC and Aker for Cara Feasibility Studies
Engie E&P Norge has awarded contracts for feasibility studies for the Cara project (PL 636) in the Norwegian part of the North Sea to TechnipFMC AS and Aker Engineering and Technology AS. The studies intend to show the potential, challenges and opportunities at an early stage of the development. Spe
TGS Plans Crean 3D Survey Off Ireland
TGS announced plans for a new multi-client acquisition project, Crean 3D, on the Irish Atlantic Margin. Crean 3D (CRN 3D) is a multi-client survey of more than 5,400 km2 located in the South Porcupine Basin between the Porcupine High and the Irish Mainland Platform. TGS will acquire new 3D data to p
Sovcomflot Takes Delivery of Polarcus Amani
Oslo-listed Polarcus said it has delivered the vessel ‘Polarcus Amani’ to SCF GEO (Sovcomflot) following the charter agreement announced in February this year. The fixed period of the charter will be 5 1/2 years with options to extend for up to four additional months. The vessel was delivered withou
AGR Nets NPD Deal
AGR has secured a new framework agreement from the Norwegian Petroleum Directorate (NPD) for delivery of reservoir management. The agreement will see AGR deliver reservoir management studies in subsurface technology, reservoir geology and reservoir engineering over a two year period, with options fo
Keith Grammar School Wins Scottish MATE ROV Contest
Keith Grammar School has come out on top in an annual competition which sees pupils from across Scotland put underwater robots they have designed and built to the test. The Scottish leg of the MATE ROV competition, co-ordinated and hosted by Robert Gordon University (RGU), saw eight schools put thei
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (April 17 – April 23). TechnipFMC and DOF Subsea joint venture has taken delivery of a newbuild pipelay support vessel (PLSV) the Skandi Búzios. The PLSV started its 8-year charter contract with Petrob
Saipem Keeps 2017 Guidance Despite Q1 Profit Drop
Italian oilfield services player has reported net profit of €47 million for the three months ended March 31, 2017, against €61 million in the same quarter last year. Adjusted net profit was €54 million, versus €61 million in Q1 2016. Revenues for the Q1 2017 were down, amounting to €2.26 billion, co
Siem Offshore Bags New OSCV Contracts
Oslo-listed marine contractor Siem Offshore has landed several global charter contracts including for its offshore subsea construction fleet. The 93.6 meters long OSCV Siem Marlin, designed for ROV and light construction duties, has started its contract in South America scheduled for 150 days. The 1