Norwegian offshore wind and oil & gas services player, Reef Subsea, has filed a bankruptcy petition to Bergen District Court despite company’s efforts to restructure and cut costs in order to stay afloat in today’s challenging market. The company, established in February 2010 and 100% owned by Stava
MCG made available multi-client 2D (MC2D) data for the Norwegian 23rd Concession Round announced January 20, 2015. The Barents Well Tie MC2D was extended eastward in 2014 into the newly opened Barents Sea South East area, giving excellent seismic ties from exploration wells drilled in the western pa
Saipem, through its subsidiary ERSAI Caspian Contractor LLC, has been awarded new Engineering & Construction contract for the Kashagan field project, located in the Kazakh waters of the Caspian Sea, valued at approximately $1.8 billion. The North Caspian Operating Company (NCOC) has awarded Saipem a
Oslo-listed seismic player, Spectrum, has started a 12,000 kilometer Multi-Client 2D seismic survey offshore the Pelotas Basin of Brazil. The new acquisition program will infill both Spectrums’ new 7,500 kilometer survey acquired in 2013 and 12,000 kilometers of data reprocessed in 2014, covering op
Norway’s Statoil has reported that its net operating income for the full year 2014 was NOK 109.5 billion (approximately $14.56 billion), compared to NOK 155.5 billion ($20.65 billion) same time last year. Fourth quarter 2014 net operating income was NOK 9.0 billion. Adjusted earnings in the fourth q
Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, has completed the drilling of wildcat well 26/10-1. The well investigated the hydrocarbon potential of the Zulu prospect in PL674BS, which is located 100 km west of Stavanger on the Norwegian west coast and approximately 30 km nort
Petrobras has announced the discovery of new oil accumulations in concession BM-C-35 (exploratory block C-M-535), located in the Campos Basin post-salt layer. The discovery was made while drilling well 1-BRSA-1289-RJS (ANP nomenclature) / 1-RJS-737 (Petrobras nomenclature), informally known as Basil
MBARI engineers have recovered the experimental wave energy buoy for maintenance, after it had been deployed in the sea for over 4 months. During this deployment, the buoy supplied power for instruments used to collect data for engineering purposes. It was deployed 9 km southwest of Moss Landing Har
Eni Norge has reported that the Goliat platform has been towed on board the Dockwise Vanguard at the HHI yard in South Korea. The largest cylindrical FPSO (Flotating production, storage and offloading) facility ever built, and specially designed for the Arctic conditions of the Barents Sea by Sevan
Bas Buchner (MARIN president) and Ron van den Oetelaar (General Manager Bosch Rexroth Benelux) have signed the contract for a new wave generator for MARIN’s new Concept Basin. According to the contract, Offshore Basin and Seakeeping and Manoeuvring Basin will get a new wave generation control system
The refurbished BOLT ‘Lifesaver’ wave energy converter has been delivered to owner Fred. Olsen Ltd by Supacat following a three month project of refurbishing the converter’s ‘intelligent systems’. The refurbishing process was conducted at the Devon engineering firm’s facilities in Dunkeswell and Bla
INPEX announced that its wholly-owned subsidiary Japan Oil Development Co. (JODCO) has kicked off oil production from the Nasr Oil Field offshore Abu Dhabi, the United Arab Emirates, on January 24, 2015. The Nasr Oil Field is located approximately 130km northwest of Abu Dhabi City. INPEX has jointly
The RV Cefas Endeavour has started an 18 day charter to the Government of the Netherlands organisations Rijkswaterstaat (RWS) and the Institute for Marine Resources & Ecosystem Studies (IMARES), with local mobilisation in Scheveningen (Netherlands). The 74 metre multi-disciplinary research vessel wi
TGS has confirmed net revenues of USD 298 million in Q4 2014, up 10% from USD 271 million in Q4 2013 and representing a record high for the Company. TGS achieved its 2014 guided revenues with full year net revenues of USD 915 million, up 4% from USD 883 million in 2013. However, the net income [&hel
