Eley to Take over as Polarcus CEO
Duncan Eley has been appointed chief executive officer of Oslo listed offshore geophysical services company Polarcus Limited, replacing Rod Starr, who has resigned following a two year reorganization period. Eley has been promoted to the CEO role from his current position as chief operating officer, succeeding Starr effective immediately. Starr will continue to work with the executive management team and Polarcus' Board of Directors for a transition period during the second quarter of 2017.
SES Acquires TransGulf Tech
Seismic Equipment Solutions (SES) announced it has acquired TransGulf Tech, a marine seismic air gun and lead-in termination specialists, which holds certification in high-pressure air systems and possesses extensive experience in back deck design and rigging. The acquisition expands SES' Marine and Transition Zone capabilities by providing highly specialized technical support solutions for the marine seismic industry. "We believe acquiring a company like TransGulf, with a proven track record of superior sales, service and support is a smart alliance which will accelerate the development of our new Marine and Transition Zone business," said Paul Mitcham, Senior Vice President, Marine and Reservoir Imaging at SES.
WE Tech to Equip Ektank Vessels
WE Tech Solutions said it has received an order to deliver its permanent magnet shaft generator solution to two new 18,600 dwt chemical tankers with an option for another two. The tankers are built by China State Shipbuilding Corporation (CSSC) Chengxi Shipyard for the Swedish ship owner Ektank AB. WE Tech’s equipment delivery to Hudong Heavy Machinery Co., Ltd. will commence in October 2017. WE Tech’s solution is based on variable frequency drive technology (WE Drive) and the direct drive Permanent Magnet Shaft Generator. The solution allows the main engine to run at variable speed while the electrical network is generated by the Shaft Generator. Therefore, there is no need to run the auxiliary engines or generators when sailing.
Caspian Charters Vessels to Reservoir Exploration Tech
Caspian Services’ subsidiary Caspian Services Group Ltd., has signed a contract to provide three vessels to Reservoir Exploration Technology ASA (RXT), a marine geophysical company specializing in multi component seismic sea-floor acquisition. RXT recently signed a letter of intent with Agip KCO to conduct a four component 3D seismic survey over the extensive Kashagan field. Caspian Services will add two additional shallow draft survey/work vessels to its fleet to service this contract. These vessels will be drawn from the Rederij Waterweg BV fleet as part of the ongoing partnership between the two marine companies.
C-Job to Provide Basic Design for DEME’s Orion
Having recently supplied the concept design for DEME Group’s new offshore installation vessel Orion, C-Job Naval Architects said it will now provide COSCO OFFSHORE CO. Ltd (Qidong) with the vessel’s basic design package. Orion will be built at COSCO SHIPPING HEAVY INDUSTRY in China for delivery in 2019. The technical specs of the vessel, to be operated by DEME subsidiary GeoSea, will service offshore wind installation, oil and gas and decommissioning activities. While working on this next phase of ship design…
Rigdon Marine Signs Long-Term Contract
Larry Rigdon, President and CEO of Rigdon Marine, announced the signing of a long-term contract to provide offshore vessel services in the Gulf of Mexico to Terra Seismic Services, a Norwegian oil and gas seismic company. Terra Seismic Services is the first seismic services company to deploy a unique Four Component (4C) Ocean Bottom Cable (OBC) data acquisition system for the offshore environment. The system also offers improved and automated in-sea systems handling techniques. These new systems allow Terra Seismic Services to provide oil and gas companies enhanced state-of-the-art seismic data more cost effectively. Terra Seismic Services will employ the ground breaking “VectorSeis Ocean” recording and communication technology system as part of its advanced data acquisition methods.
Unconventional Wisdom from Dolphin Geophysical CEO
Atle Jacobsen, the CEO of Dolphin Geophysical, is, in many ways, a bit of a paradox. An experienced, no-nonsense, veteran of the marine seismic surveying industry, he is also disarmingly easy to “talk shop” with, engaging and has an obvious thirst for new ideas and technology. But the core contradiction lies in his approach to business. This is a man that shows no qualms about ripping up the rulebooks and making brave decisions, but at the same time there is a steadfast caution that underpins the very essence of the Dolphin business model.
Ove Bråthen strengthens Scandinavian sales team at MARIS
Maritime Information Systems AS, Norway (MARIS) has appointed Ove Bråthen Director, Sales Scandinavia. Mr Bråthen, who holds an electronics degree with focus on radar and underwater acoustics, brings more than 25 years’ international sales experience to the company, having spent the first six years of his career with the Royal Norwegian Navy. After working at sea on a number of seismic research vessels, Mr Bråthen spent the next decade as Sales Manager for Schlumberger Oilfield Services, selling high-tech products to the seismic, offshore and defence industries.
Telenor Signs PGS Geophysical for 2 Years
Telenor Satellite Services announced that PGS Geophysical of Norway has renewed its global satellite communications agreement with Telenor through June 2005. Telenor first began providing communications via satellite to PGS in 1995. The current agreement calls for Telenor to continue to provide its fully-managed Sealink service to a PGS Geophysical fleet of 14 high tech 3D seismic vessels operating around the world. PGS Geophysical acquires, processes, markets, and sells high quality seismic data worldwide. Oil and gas companies use this data to explore for and develop new hydrocarbon fields and to manage fields in production. The Sealink system provides corporate voice and high-speed data communications…
Eastern Echo Orders Seismic Vessels
Eastern Echo Holding Plc signed the shipbuilding contracts with Dubai Drydocks and the design and equipment contracts with Ulstein Design AS, for two seismic vessels, each capable of towing up to 12 streamers. The shipbuilding contracts conclude and replace the original letter of intent (LOI) announced on the 20 September 2007. ‘We are pleased to announce the signing of these contracts today with Dubai Drydocks and Ulstein Design AS. The two new seismic vessels covered under this agreement will ensure the placement of the Eastern Echo fleet at the top end of the premium 3D seismic segment’, comments CEO Rolf Rønningen in Eastern Echo.
ODIM Signs Contract for Seismic
ODIM has signed a contract with the seismic company Fugro Geoteam on delivery of the remaining parts of a complete handlings system for the 3D seismic new building Geo Celtic. In addition to this contract, ODIM received on January 26 the first part of the complete handling system for this vessel. ODIM has over the last years built up a key expertise on electric drive systems for handlings systems to be used aboard 3D seismic vessels. Fugro Geoteam will be the first seismic company to outfit a vessel with an all-electric automated handling system.
Gowind 2500: DCNS Creation Passes first Test
DCNS announced the success of the first sea trials of the first-of-class Gowind 2500 corvette under construction in Lorient, France by DCNS. Ten Gowind 2500 corvettes, aimed at supplementing DCNS surface vessel product range, has been ordered so far by international navies. “It is a very important moment for DCNS: the Gowind corvette designed especially for the international market is now sea proven,” said Eric Chaplet, DCNS Marketing Vice-President. “We are very proud to announce that…
Bourbon and CGG: Partners in Innovation
In 2011, Bourbon entered a five-year charter agreement with CGG for a series of six new seismic support vessels, an industry first. Two years later, the Bourbon Petrel and the Bourbon Fulmar are already in service in the Black Sea and Northern Europe, and a third vessel, the Bourbon Gannet, will also be operational in the near future. The Grandweld Shipyard in Dubai is building the vessels and delivery of the remaining sister ships is scheduled for 2014. These custom-built vessels were designed to provide fuel…
DNV Introduce Seismic Vessel Notation
DNV has developed a class notation for seismic vessels in consultation with key industry players, WesternGeco, PGS and Fugro-Geoteam. The need to have enhanced redundancy and proper deck arrangements to ensure continuous operation without loss of speed is the backbone of these new technical requirements. Seismic vessels contain high end computerized technology to find resources below the seabed, and represent a key element in the value chain leading to future offshore field developments. Any interruptions in the ships forward movement can complicate the seismic data processing, and continuous operations with focus to avoid any downtime of key functions are hence of utmost importance.
Rolls-Royce Contract for Chinese Research Vessel
Rolls-Royce won a $32.2m order from Chinese conglomerate Sinopec to design and equip a specialist seismic research vessel. When operational it will carry out detailed surveys of the seabed to identify oil and gas reserves. The contract includes efficient power and propulsion systems and a range of advanced automated handling systems for seismic equipment. Rolls-Royce has a growing presence in the subsea and seismic technology markets, and during the last three months, inclusive of this contract, the Group has secured seismic orders totalling more than $80.6m. “Rolls-Royce has decades of experience in designing specialist vessels to meet the needs of the oil and gas industry and continues to develop industry leading technology.
Polarcus Innovation in Seismic Vessel Design
Polarcus Limited received its eighth 3D seismic vessel on 21 June 2012 when Polarcus Adira was delivered at Ulstein Verft in Norway. The vessel is the second of two 12-14 streamer Arctic 3D seismic vessels built at the yard, and is the eighth vessel in the Polarcus fleet of the Ulstein SX134 design. The marine geophysical company Polarcus Limited received its eighth 3D seismic vessel on 21 June 2012 when Polarcus Adira was delivered at Ulstein Verft in Norway. The vessel is the second of two 12-14 streamer Arctic 3D seismic vessels built at the yard…
North Sea Seismic Survey Contracts for Dolphin
Dolphin Group ASA, headquartered in Norway, awarded multiple North Sea 3D seismic contracts for 2013. Dolphin has been awarded several contracts for the upcoming North Sea season. The awards are for both 3D and 4D seismic services and will involve three of its 3D seismic vessels with a total duration in the range of 8-12 months. Dolphin sat they will revert with further contract details when they present their 2013 guidance on or about 8 January 2013. "These early awards with…
StatoilHydro Awards Seismic Contracts
The contracts, covering surveys on the Norwegian Continental Shelf, the Faroes and , has been awarded to PGS Geophysical, CGG Veritas and Wavefield Inseis. The award to PGS Geophysical also includes use of new technology for three dimentional surveys. This technology makes the seismic operations less dependent on benign weather and improves the production of seismic data. StatoilHydro will also pioneer the use of an alternative streamer steering technology. This will facilitate the shooting of seismic to be compared with former seismic surveys and thus provide more reliable results for four-dimentional studies. Four vessels from PGS Geophysical…
Bourbon and CGG Partner for Seismic Survey Success
Announced in June 2011, Bourbon and CGG entered a five-year charter agreement for a series of six custom newbuild seismic support vessels. Now more than two years later, the third ship in the series, Bourbon Gannet, is due to enter service in the early part of 2014, following the launch of the first two vessels, Bourbon Petrel and Bourbon Fulmar, in summer and autumn 2013, respectively. The remaining three sister vessels are under construction in Dubai’s Grandweld Shipyard, also slated for launch in 2014.
ST Engineering-Contract for Survey Vessel
Singapore Technologies Engineering Ltd (ST Engineering) announced that its marine arm, Singapore Technologies Marine Ltd (ST Marine), has secured a S$30m contract to provide detailed design, construction and outfitting of a 228 ft seismic survey vessel for Swire Pacific Offshore Operations (Pte) Ltd (SPO), a wholly-owned subsidiary of Swire Pacific Limited. Construction is expected to commence in May 2009 and delivery is planned for the second half of 2010. This contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.
Dolphin Reports Improved Operating Margins
Seismic vessel operator Dolphin Group AS reported its financial results for the third quarter 2013. Atle Jacobsen, Dolphin Group CEO commented, "Dolphin delivered solid operating margins for third quarter with EBIT of 25%, driven by improved contract prices and high vessel efficiency. As for the entire seismic industry, Dolphin also experienced low Multi-Client late sales and a competitive market for new projects in the quarter. The seismic market has recently been challenging and will impact our Q4 2013 and Q1 2014.
Charter Extended on Seabird's 'Hawk Explorer'
SeaBird Exploration Plc announce that the contract for 'Hawk Explorer' has been extended by Spectrum ASA for a minimum of 2 months. Hawk Explorer is a 2D seismic survey vessel of LOA 66 m, breadth 14.5 m. and draft of 5.8 m with a transit speed of 12 kts. SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic data, and associated products and services to the oil and gas industry. SeaBird specializes in high quality operations within the high end of the source vessel and 2D market, as well as in the shallow/deep water 2D/3D and 4D market.
Seismic Business Link-up: Mitcham's Seamap & PGS
Mitcham Industries' marine equipment manufacturing unit, Seamap, has signed a manufacturing agreement with a subsidiary of Petroleum Geo-Services (PGS). Over the past several months, Seamap and PGS have collaborated to develop PGS SourceLink, a customized and proprietary marine energy source controller based on Seamap's GunLink 4000 system. Under the terms of the arrangement, Seamap will manufacture and sell the PGS SourceLink systems to PGS, as requested. Guy Malden, Executive Vice President of Marine Systems of Mitcham Industries, stated, "We are delighted to have established this new relationship with one of the leaders in the marine seismic business.