Subsea
Atlantis Sells Stake in AOCL to DP Energy
Atlantis Resources has agreed to sell its 50% stake in Atlantis Operations (Canada) Limited (AOCL) to its partner DP Energy, at the FORCE facility in the Bay of Fundy, Nova Scotia, Canada. Following the conclusion of the sale, AOCL will be renamed, the company said. The cash transaction is subject t
DeepOcean Wins Subsea Installation Work on Snorre Expansion Project
DeepOcean has been awarded a contract for performing marine operation scope on the Snorre Expansion Project in the North Sea. The award covers project management, engineering, procurement of anchors for risers and umbilicals and offshore installation activities. The offshore work includes installati
Statoil Gets On Board Fuglesangs Subsea Boosting Pumps Project
Norwegian oil and gas major Statoil has become the latest addition to a Joint Industry Project (JIP) set to revolutionize subsea boosting pumps. “We think we’ve cracked the code,” says Alexander Fuglesang, CEO of Fuglesangs Subsea. “This project has the potential to deliver improvements in all three
Xtera, Fortress Solutions to Enhance Longevity of Subsea Cables
Xtera has formed a partnership with Fortress Solutions to enhance the longevity of its subsea cable systems. Fortress Solutions will enable Xtera to reduce the turnaround time on legacy equipment and provide a high level of service for its customers, the company explained. With support from Fortress
Teledyne TSS Builds New Smaller Subsea Pipe Tracking System
Teledyne TSS, a division of Teledyne Marine, has launched the new smaller HydroPACT 660 subsea pipe tracking system. According to Teledyne, the 660 has been designed to help reduce the cost of subsea pipe surveys by allowing the use of smaller classes of underwater remotely operated vehicles (ROVs).
Ashtead and Forum Complete Joint Venture
Ashtead Technology and Forum Energy Technologies have completed their joint venture, with effect from January 03, 2018. As part of the transaction, Forum Energy Technologies contributed its subsea rentals business, which traded as Forum Subsea Rentals. The business, which will trade as Ashtead Techn
Polarcus Sees Drop in Vessel Activity in Q4
Polarcus, a Dubai-based seismic contractor, has recorded a decrease in its vessel utilization during the fourth quarter of 2017. Quarterly vessel utilization declined to 68 percent from 72 percent in the fourth quarter of 2016. On the contracted basis the vessel activity has increased 3 percent, fro
PGS Estimates Q4 Multi-Client Sales at $170 Million
Norwegian seismic player Petroleum Geo-Services has said it expects to report total multi-client revenues of approximately $170 million in Q4 2017. According to the company, this should result in a consolidated EBITDA in excess of $100 million. PGS reported good sales from its global multi-client li
New Guidance to Help in Decom Planning Released
An industry workgroup has issued new guidance aimed at helping companies to plan decommissioning more efficiently, Oil & Gas UK informed. Common Data Access (CDA), the Oil & Gas UK subsidiary, has worked with the Shell Brent Decommissioning Project and the School of Law at the University of Aberdeen
PSA Approves Manned Underwater Ops for Three Firms
Statoil, Gassco and Point Resources have received consent from Petroleum Safety Authority (PSA) Norway for manned underwater operations in 2018. Statoil has signed framework agreements with Technip and Subsea 7 on the performance of manned underwater operations in 2018. Through a pool agreement, Poi
Nigeria: 3D Seismic in Place for Otakikpo Phase Two
Lekoil and Green Energy International joint venture has signed a contract with Sinopec Changjiang Engineering Services to acquire 197 sq km of 3D seismic data at the Otakikpo marginal field onshore and offshore in the south-eastern part of the Niger Delta, to update the existing 2D coverage. The sei
Spectrum Begins Seismic Shoot Offshore Gabon
Spectrum, in collaboration with the Direction Generale des Hydrocarbures (DGH), has started the next phase of its shallow water 3D multi-client seismic acquisition campaign offshore Gabon. The campaign is focused on acquiring seismic programs in under-explored shallow water open blocks. Up to 5,500
Royal IHC Acquires KCI from Oceanteam
Oceanteam and Royal IHC have signed a deal under which IHC will acquire all of the outstanding share capital of Oceanteam’s Dutch based KCI the Engineers B.V. The transaction is not subject to regulatory approval. IHC plans to maintain KCI as an independent brand and operating company which will con
Global Marine Gets SEAIOCMA Cable Contract Extension
Global Marine informed that its maintenance contract with South East Asia and Indian Ocean Cable Maintenance Agreement (SEAIOCMA) has been extended for five-years, until the end of 2022. The SEAIOCMA maintenance zone agreement, which is a co-operative club managed by 46 cable owners, provides the re