Geophysical contractor TGS said that, based on preliminary reports, it estimates net revenues for the third quarter of 2016 to be approximately $113 million. This comes down to around 17% higher than the average of analyst estimates, the company said. The Oslo-listed company added that multi-client
Rosenberg WorleyParsons AS has been awarded a contract with Subsea 7 for the fabrication of subsea structures and pipes for Wintershall’s flagship development in Norway. This is the second in a series of deliveries for Rosenberg to Subsea 7 and Maria project. According to the company, the contract s
Witt Energy, a Plymouth-based developer behind the technology that converts motional energy into electricity, has released the video of its 200-Watt Marine WITT prototype testing.
Ithaca Energy informed that it is progressing with the final stages of Stella development, with the first production from the field expected in November 2016. The FPF-1 floating production facility was safely towed to the field, moored on location and the dynamic risers and umbilical connecting the
A trans-Atlantic research project is preparing for the deployment of tidal turbulence measurement devices at the European Marine Energy Centre (EMEC).
Seabed Geosolutions, in cooperation with CGG, secured a new extension to its ongoing shallow water operations in the U.A.E. The variation order from Abu Dhabi National Oil Company (ADNOC) covers Phase-II of the Ghasha field project. This new survey is due to start in October and is expected to take
DOF Subsea has been awarded a contract by Ithaca Energy for phase 1 of the decommissioning of the Athena field in the UK North Sea. The work scope includes removing the subsea water column infrastructure that has been used on the field. The contract involves the removal of mid-water arch and risers,
OneSubsea, a Schlumberger company, is said to be considering to close up shop in Leeds next year which could lead to loss of up to 600 jobs. The company that has over 900 employees at its base in Stourton, Leeds, said its order intake was significantly impacted by the downturn in the oil and gas ind
Tampnet Inc., the US subsidiary of the Norwegian-based offshore communications provider Tampnet, recently closed acquisition of Broadpoint, a pioneer within offshore communications to the oil & gas industry in the Gulf of Mexico. Through the acquisition of Broadpoint, Tampnet will upgrade and expand
Hydrex Underwater Technology has completed the emergency stern tube seal repair to a 134m chemical tanker, after the Antwerp Port Authority demanded an underwater inspection and in-situ repair to the vessel before allowing it to set sail. The vessel’s crew had carried our temporary repairs to stem t
Aqua Comms has completed a trial of Ciena’s WaveLogic 3 Extreme transmission technology on America-Europe Connect (AEConnect) transatlantic subsea cable linking New York to London via Dublin. This test confirms that Ciena’s 150 Gb/s per wavelength 8QAM (quadrature amplitude modulation) technology wi
For the next three years DONG Energy will collect data and perform an assessment of the physical, biological and economic characteristics of BOEM lease area OCS-A 0500 south of Martha’s Vineyard to evaluate the suitability for the construction of an offshore wind farm. RV Fugro Synergy will be condu
W3G Marine is working on a drone-based erosion inspection technology concept for offshore wind farms, with an aim to contribute to operations and maintenance cost reduction. As one of the companies predominantly working in offshore oil and gas and moving into offshore renewables, W3G Marine met with
As announced last month, Offshore Renewable Energy (ORE) Catapult and National Subsea Research Initiative (NSRI) have launched innovation challenges in an effort to help companies working in the oil and gas industry diversify into offshore renewables sector as the growing offshore renewables market
