Subsea
Polarcus to Shoot Seismic in West Africa
Polarcus has received an award for a 3D marine seismic acquisition project in West Africa. The award comprises two surveys of approximately three months each, the company informed. The first survey is expected to begin in Q2 2019 and the second survey in Q4 2019. Polarcus did not reveal the name of
IMCA Reveals New Guidance for Divers
The International Marine Contractors Association’s (IMCA) newly published ‘Guidance on Health, Fitness and Medical Issues in Diving Operations’ (IMCA D 061) has been prepared in response to concerns about how best to address certain problematic diver health, fitness and medical issues identified by
Wärtsilä Acquires Spanish Underwater Services Provider Burriel Navarro
Wärtsilä has acquired Burriel Navarro, a company operating in underwater services in the main ports of Spain. The acquisition supports the growth of Wärtsilä’s underwater services and expands the company’s local presence in the European market. Burriel Navarro will be part of Trident, a Wärtsilä com
Russian Divers Reach 416 Meters Record in Sea of Japan
Russian military divers have successfully carried out a dive to a depth of 416 meters for the first time in the history of the Russian Navy. The Navy Research Institute and a separate expedition detachment of divers aboard the Igor Belousov Pacific Fleet rescue ship descended into the deep sea of th
Magseis Snaps Up Fairfield in $233M Deal
Magseis and Fairfield Geotechnologies have entered into an agreement whereby Magseis will acquire the Seismic Technologies business from Fairfield. The acquisition comprises data acquisition, nodal and system sale & rental activities including all shares in Fairfield’s wholly owned UK subsidiary WGP
MDL Wraps Up California Pipe Replacement Project
Maritime Developments (MDL) has concluded a pipe replacement project in Honker Bay, California. MDL’s 25Te 2-track Tensioner (MDL TTS-2/140) was used to handle a small-diameter steel pipe, as part of a horizontal directional drilling (HDD) project. The operation facilitated the replacement of a 1.9
New Managing Director Joins MacArtney Norge
MacArtney has welcomed Bjørn T. Akselsen as new managing director of MacArtney Norge, effective November 01, 2018. Bjørn T. Akselsen brings with him extensive international business development and management experience. Having recently returned from almost a decade in Houston, Texas, as the directo
Total to Extend Skirne and Byggve Lifespan
Total E&P Norge has been given consent to use Skirne and Byggve offshore gas fields beyond the originally planned operational life. Skirne and Byggve deposit is in the central North Sea, 20 kilometers east of Heimdal at water depth of 120 meters. The field has been developed using two subsea templat
McDermott Profit Dips; Plans Units Sale; Lowers Guidance
Houston-based McDermott has reported quarterly profit of $2 million, or $0.1 per diluted share, compared to $95 million, or $1 per diluted share in the third quarter of 2017. Adjusted net income for the third quarter 2018 was $89 million, with adjusted diluted earnings of 20 cents per share. Accordi
OGA Greenlights Serica’s Columbus Field Development Plan
Serica Energy’s Columbus Field Development Plan (FDP) has received approval from the Oil and Gas Authority (OGA). The Columbus Development is located in Blocks 23/16f and 23/21a Columbus sub area in the UKCS Central North Sea. The development area will be drained by a single well, which will be conn
Kvaerner to Deliver Fourth Jacket for Equinor’s Johan Sverdrup
Kvaerner has signed a contract of approximately NOK 900 million with Equinor for delivery of the steel substructure for the Johan Sverdrup Phase 2 process platform. With this award Kvaerner will deliver the fourth substructure for the Johan Sverdrup field, one of the world’s largest ongoing offshore
BHGE Nets $13 Million Profit in Q3
Baker Hughes, a GE company, (BHGE) has reported profit of $13 million or 3 cents per diluted share on GAAP basis for the quarter ended September 30, 2018. Adjusted diluted earnings per share were 19 cents per share. The company generated revenue of $5.7 billion for the quarter, up 2% sequentially an
UK Industry Bodies Team Up to Boost Subsea Sector
The Oil and Gas UK Efficiency Task Force (ETF) in partnership with Subsea UK and Scottish Enterprise are setting up an event in Aberdeen next month to explore the ways in which subsea supply chain companies can work together to improve the competitiveness of the UK Continental Shelf. The seminar wil
Defining Acceptable Subsea Cable Risk
By Ed Jones, Subsea Cable Lead, Cathie Associates Background Since the 1850s, submarine cables have played an integral role in international data transmission and are now crucial to the growth of offshore renewables sector. Adequate protection of submarine cables is vital so that they remain safe fr