Norwegian seismic player, TGS, has announced a Cost Reduction Program reflecting the deterioration of the market for seismic data seen in the first quarter of 2015. Based on preliminary reporting from operating units, TGS said it expects net revenues for the first quarter of 2015 to be approximately
Subsea 7 S.A. has been awarded a contract worth approximately USD$200 million with a duration of approximately two years. The contract is for the installation of flexible lines for Petrobras’ projects using Subsea 7’s construction and flex-lay vessel Seven Seas, on a day-rate basis. The vessel has b
Ithaca Energy Inc. announces successful completion of flow test operations on the fifth and final development well on the Stella field, with the well achieving a flow rate of over 8,000 barrels of oil equivalent per day (“boepd”). Well 30/6a-A3Y (“A3”) is the fifth development well drilled on the St
Ophir Energy has contracted WorleyParsons and INTECSEA for engineering and project management services on its Fortuna Project in Block R offshore Equatorial Guinea. We are pleased to announce the award by Ophir Equatorial Guinea (Block R) Limited of an agreement for provision of engineering and proj
Subsea World News has put together a recap of the most interesting articles from the previous week (April 06 – April 12). Bibby Subsea, Bibby Offshore’s Houston-based division, has commissioned two HD work-class ROVs (Remote Operated Vehicles) designed by FMC Technologies Schilling Robotics. Capable
Hann-Ocean Energy (HOE) has constructed Drakoo-B wave energy converter with twin-chamber oscillating water column system that creates a continuous water flow which drives a hydro turbine generator to produce electricity. The device operates when the incoming wave increases the inlet chamber’s water
Gardline has announced, with immediate effect, the streamlining and amalgamation of both the geotechnical and geophysical services into one company, Gardline Geosurvey Limited. “This streamlining will better enable Gardline to provide more cost-effective and rapid-response services to the offshore e
The deployment of the ISWEC wave energy converter off Italy has been delayed due to unsuitable weather conditions. Italy-based Wave for Energy originally intended to install the 100 kW ISWEC device in March, off the island of Pantelleria, Sicily. Tidal Energy Today spoke to Paolo Gherra, Project Man
FORCE has invited interested parties to discuss the proposed safety zone around recently installed power cables at Bay of Fundy, Canada. The Fundy Ocean Research Center for Energy (FORCE) has completed the mapping of the seabed location of the installed subsea cables in the Minas Passage, Bay of Fun
Aker Solutions has released a response regarding yesterday’s reports in Norwegian media about the company’s plans to further reduce its MMO workforce. Namely, the company said in February it will be cutting another 300 jobs in its maintenance, modification and operations (MMO) division off Norway du
Fugro will present its offshore survey capabilities at Ocean Business 2015 scheduled for April 14-16 at the National Oceanography Centre in Southampton, UK. In the technical programme, Fugro representatives will present papers on subsea infrastructure mapping, UXO detection, precise positioning and
Cobalt International Energy has plugged and abandoned its North Platte #2 appraisal well in the deepwater Gulf of Mexico due to a seal failure in the riser connection system. The well, which was being drilled with the Rowan Reliance drillship, was at a depth of 20,701 feet when the problem with the
Statoil has made an oil discovery in its Miocene Yeti prospect located in the Gulf of Mexico (GoM). “The Yeti discovery expands the proven sub-salt Miocene play further south and west of the Big Foot field,” says Jez Averty, Statoil’s senior vice president, exploration for North America. “We are ana
The Finnish Transport Agency (FTA)/Hydrographic Survey Data Management has issued a tender invitation for hydrographic survey services in the Helsinki area, Finland. The contractor is to carry out hydrographic surveys based on the specifications and drawings included in the tender documents and appe
