Subsea
Statoil Starts World’s First Subsea Wet Gas Compression
Statoil with partners Petoro and OMV have started the world’s first wet gas compression on the seabed of the North Sea Gullfaks field. The unique technology will increase recovery by 22 million barrels of oil equivalent (oe) and extend plateau production by around two years from the Gullfaks South
Falcon ROV Conducts Torr Head Tidal Energy Study
Saab Seaeye Falcon ROV spent three days gathering vital benthic data for an impact assessment of a proposed tidal array installation at Torr Head on Northern Ireland’s coast. Undertaking the assessment project was Marine Ecological Surveys Limited for their client, Tidal Ventures Ltd, who intend dev
ACE Winches’ Chain Mooring System for Heerema’s Aegir
ACE Winches has delivered a chain winch package to Heerema Marine Contractors for its Aegir vessel. Supporting the Ichthys LNG Project, offshore Northwest Australia, ACE Winches has engineered, designed, manufactured and commissioned a 200te twin Chainlifter Hydraulic package for Heerema. The chain
PSA Investigates Oil Spill at Statfjord
The Petroleum Safety Authority Norway has decided to conduct an investigation into an oil spill which occurred on the Statfjord field on Thursday October 08. A report was received at 08.30 on this day that oil had been observed on the sea close to the OLS B loading buoy on the field, PSA said. The [
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 05 – October 11). Oil services company, Subsea 7, has decided to adjust its offshore workforce capacity in Norway after a continued decline in activity levels. About 70 employees will lose the
PSA Probes Gjøa Flexible Risers
The Petroleum Safety Authority Norway PSA has carried out an audit of the integrity management of flexible risers and associated safety-related equipment at Gjøa. GDF SUEZ is the operator on the Gjøa field, which is an oil and gas field in the North Sea, around 45 km north-west of the Sognefjord. Gj
Germany Plans Replacement of Two Research Vessels
Following the commissioning of the research vessel SONNE at the end of 2014, the renewal of the German research fleet continues to receive additional support. The Chairman of the DFG Senate Commission on Oceanography and Director of the MARUM Center for Marine Environmental Sciences, University of B
BoA Sheds PGS Stake
Bank of America Merrill Lynch has sold its stake in Petroleum Geo-Services worth in excess of $50 million, the Oslo-listed seismic player said today. The transaction happened yesterday, October 7, 2015 while PGS stock was trading between NOK37 and NOK38.8. According to PGS, at the day of transaction
Spectrum to Report Lower Revenue
Norwegian multi-client seismic data specialist, Spectrum, said it expects to report net revenues of approximately USD 18 million for the quarter, compared to USD 53 million same time last year. Based on preliminary figures for Q3 2015, Spectrum expects a positive net cash-flow of USD 13 million in Q
ABS Group Certifies Design Basis of Sea Breeze OWF Foundation
ABS Group, part of marine and offshore classification society – ABS, has issued its certification of the design basis for Ocean Resource’s innovative Sea Breeze Gravity “float-out-and-sink” offshore wind turbine foundation system. ABS Group issued its certification in accordance with the relevant st
ECA Group Bags Order for Two A9-M AUVs
ECA Group, subsidiary of Groupe Gorgé, has been awarded a new contract for the delivery of two man portable Autonomous Underwater Vehicles (AUVs) A9-M for an amount over EUR 1 million (USD 1.13 million). The A9-M will join a NATO Navy, ECA Group wrote in a press release. This AUV solution is designe
Impact Subsea Launches ISA500-L
Ellon-based Impact Subsea has released the lite version of its recently launched ISA500, a 500kHz underwater altimeter which provides heading, pitch and roll. The new ISA500-L provides solutions for underwater altitude and distance measurement applications. The unit, which can be upgraded to a full
Oil Spill Detected at Statfjord
Norway’s Statoil informed that this morning (October 8) there was a report that oil had been observed in the sea close to the OLS B loading buoy at the Statfjord field. The oil spill was discovered during the loading of oil from the Statfjord A platform to the tanker “Hilda Knutsen” via the OLS B [&
Subsea Manufacturers Hit Less than Many by Oil Price Slump
Douglas Westwood (DW) reports that the oilfield equipment sector appears to be faring better, with average stock performance declining only 20%, compared to performance of major oilfield stocks which have suffered a 39% year-on-year drop. DW believes that exposure to multiple upstream segments has a