Subsea
Bourbon Takes Revenue Hit
Bourbon has seen its revenue decline some 32 percent year-on-year for the quarter ended March 31, 2018, impacted by lower activity levels in subsea and water offshore segments. The French vessel owner and offshore services provider generated a total of €171 million in first-quarter 2018 revenue, ver
EMGS Books Wider Loss in Q1
Norwegian geophysical services company EMGS posted loss for the first-quarter 2018 of $12 million, or 13 cents per share, against $10 million loss in the same period last year. The Oslo-listed company generated revenues of $4.3 million in the quarter ended March 31, 2018, slightly up from $4.2 milli
ION Begins 2D Seismic Campaign Off Ghana
ION Geophysical has started the acquisition of a new 2D multi-client program offshore Ghana in partnership with Geoex and Ghana Geophysical. ION and its partners will acquire up to 7,200 km of data in advance of the license round anticipated in late 2018 to help refine understanding of the hydrocarb
Premier Hires Shearwater for Tolmount Field Seismic Survey
Shearwater GeoServices, a joint venture between GC Rieber and Rasmussengruppen, has secured a contract from Premier Oil to conduct high-resolution 3D survey on the Tolmount field in the UK North Sea. The survey is scheduled to start late Q2 2018 and will be executed by the Polar Duchess, the company
CSV Southern Ocean Gets More Work
Oceanteam said that the contract for CSV Southern Ocean, entered into in February 2018, has been further extended with one month firm plus options. The construction support vessel will continue to be assigned to multiple smaller projects within the APAC region. The CSV Southern Ocean is a DP2 vessel
Xodus and Atlantis Pursue Tidal Energy Opportunities in Japan
Xodus has signed a Memorandum of Understanding (MoU) with Atlantis Resources to pursue the development of a tidal energy project in Japan. The companies aim to secure funding and establish a commercially viable tidal energy demonstration project of three to eight turbines in the country. The compani
Polarcus Nets Asia Pacific Seismic Deal
Polarcus has received a Letter of Award (LoA) for an XArray 3D marine seismic acquisition project in Asia Pacific. The project, with a duration of approximately two months, is expected to start immediately. “These awards in Asia Pacific provide important visibility, extending a regional campaign for
Huawei, EGS Launch PEACE Project Marine Survey
Marine survey for PEACE (Pakistan & East Africa Connecting Europe) subsea cable project is now underway, Huawei Marine said on Wednesday. The PEACE submarine cable system will connect Pakistan, Djibouti, Kenya, Egypt, and other countries along the Red Sea with a total system length of 8,800 kilomete
Shearwater to Shoot Seismic in Morocco and West Africa
Shearwater GeoServices, a joint venture between GC Rieber and Rasmussengruppen, has secured two contracts to acquire 3D seismic data in Morocco and West Africa. The scope of the first contract includes 3D seismic acquisition for Genel Energy in the Sidi Moussa license offshore Morocco. The second co
Polarcus Secures Work in Australia
Polarcus has entered into a contract for a broadband 3D marine seismic acquisition project in Australia. According to the company, the acquisition will start immediately. The project is planned to take approximately two months to complete. Polarcus did not disclose the name of the vessel that will c
Flintstone Provides Mooring for Tullow’s FPSO Off Ghana
Flintstone Technology has secured a substantial contract with MODEC for its in-line tensioning and pull through connection mooring system to be deployed off West Africa. The system will be used on Tullow Oil’s Kwame Nkrumah MV21 floating production storage and offloading (FPSO) vessel located on the
CCC UE Expands Subsea Fleet
Abu Dhabi-based offshore construction company Consolidated Contractors Company (Underwater Engineering) has taken delivery of its newbuild DP2 dive support construction vessel the Said Aletheia. Built by China’s ZPMC shipyard, Said Aletheia arrived in Abu Dhabi this week after completing sea trials.
Allspeeds Gets Design Director
Accrington-based hydraulic equipment maker, Allspeeds, has appointed Dan Fielder as a design engineer. Fielder joins Allspeeds from Keighley-based, jointing technologies company, Tecconex, to expand and strengthen the company’s engineering resource to handle larger subsea and maritime projects. Dan
Neptune Energy Extends with Add Energy
Add Energy, the international energy consultancy and software provider, has secured a 3-year contract with Neptune Energy for the provision of their environmental management software, NEMS Accounter and NEMS Panorama. The contract will provide the independent oil and gas exploration and production c