Offshore & subsea

Spencer Linsell demonstrates that for innovation to become the norm, a collaborative, industry-wide approach will be key.

The company enjoyed a record period in the second half of its financial year with sales of almost £10 million and EBITDA of £3.5 million for the six months to September 2016.

Successful well testing results have demonstrated the possibility for economic production at both wells.

Magseis awarded a contract from ConocoPhilips for a full azimuth 4D seabed seismic acquisition survey in the North Sea.

Polarcus Limited has announced that it has received two Letters of Intent from two undisclosed clients for two additional marine seismic projects offshore South America.

The contract awarded by Murphy E&P is to deliver industry’s longest deepwater subsea multiphase boosting tieback.

CGG has announced the delivery of near real time imaging results for a 4200 km2 BroadSeis 3D marine seismic survey acquired offshore Morocco.

“In a low-carbon future, we need oil & gas producers who can deliver energy at low cost, with low emissions. Therefore, the NCS will become even more attractive and important,” says Statoil CEO Eldar Sætre.

Funding has been secured to research automation solutions for subsea pipeline inspections.

The company expects to report a prefunding level of 120% for the full year 2016, down from previously guided 150%.

The well will test the potential of the deep carboniferous age horizon reservoir.

The company has been awarded Block 8 and 9 within the Abu Gharadig Basin in Egypt's Western Desert.

Total's successful bids in three blocks will add to the company's high grade exploration portfolio.

Statoil has been awarded blocks 1 and 3 in the Saline Basin in the Deepwater exploration tender in the Mexican Round 1.

Under the contract, Bibby Offshore is to provide engineering and subsea construction activities in the Gannet G field in the Central North Sea.