Electromagnetic Geoservices (EMGS) has confirmed the contract award from Equinor with a value of approximately USD 8 million. The final contracts are in accordance with the terms of the letter of intent, signed in February 2019, and includes both licensing of Barents Sea, Norwegian Sea and North Sea
The International Institute of Marine Surveying (IIMS) has launched a new free App for iOS and Android devices to help find a commercial, or yacht and small craft marine surveyor by area, or specialisation. Not only a key benefit for members of IIMS, it should make the search for a surveyor easier f
Equinor has made an oil discovery from the Visund A platform in the Telesto exploration well in the North Sea. The resources are estimated at 12-28 million barrels of recoverable oil. “We are pleased to have made a new discovery on Equinor-operated acreage on the Norwegian continental shelf (NCS). T
Olympic Subsea has reported net loss of NOK 100 million ($11.6 million) for the quarter ended December 31, 2018, versus net loss of NOK 72 million ($8.3 million) same time last year. The Oslo-listed company generated operating income of NOK 127 million for the fourth quarter of 2018, compared to NOK
Preston-based Submarine Manufacturing and Products (SMP) said it has delivered ahead of schedule the Submarine Emergency Survival Pods, ROV Training Simulator Suite and Subsea Training Templates for connection of the (SEVDS) Submarine Emergency Ventilation & Decompression System. The 4000-metre dept
Subsea World News has put together a recap of the most interesting articles from the previous week (February 25 – March 03). This content is available after accepting the cookies. Change cookie-settings View on Subseaworldnews. Mcdermott Wins Double With Saudi Aramco This content is available after
Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has reported net loss of $27.3 million for the twelve-month period ended December 31, 2018. This result compares with profit of some $4.2 million for the twelve months period in 2017. The Singapore-lis
Subsea 7 Board of Directors authorised a new share repurchase programme of up to USD 200 million. The share repurchases are to be carried out within two years and the repurchased shares will be held in treasury and will be cancelled or used to fulfill obligations under Subsea 7’s employee share-base
TechnipFMC has secured a large contract from BP for the engineering, procurement, construction, installation and commissioning (EPCIC) of the floating production storage and offloading (FPSO) unit for the Greater Tortue Ahmeyim development. The Tortue/Ahmeyim development is located in the C-8 block
DNV GL has opened a failure analysis facility in Houston, Texas which should provide failure analyses that support the industry in conducting effective and efficient root cause analyses. The aim is to prevent and learn from failures and continue to improve safety, reliability and up-time. The facili
FPSO integrity management and repair specialists, Marine Technical Limits (MTL) has added four new recruits to its specialist team. The organisation, which employs 41 members of staff, took on the new employees as part of a significant investment programme in people and equipment, after it secured a
Prysmian Group has localized the issue that caused system failure of the Western Link Interconnection, consisting of two 600 kV DC submarine cables in the Irish Sea linking Ardneil (Scotland) to Wirral (England). Following the testing and investigations executed to date, the issue, which required th
Wreckage of World War II destroyer USS Strong (DD 467) was recently discovered resting 300 meters below the surface of Kula Gulf, north of the island of New Georgia, in the Solomon Islands. The expedition crew of Paul G. Allen’s research vessel (R/V) Petrel reported the the discovery of Strong who s
The European Marine Energy Centre (EMEC) will support Qingdao Pilot National Laboratory for Marine Science and Technology (QNLM) to develop the first wave and tidal test centre for marine energy converters (MECs) in China. For the past seven years EMEC have worked alongside QNLM and Ocean University
