Search results for: Constellation

308 results

A list of search results

  • 20 July 2015
    Operations & Maintenance

    VAALCO Energy announced that the Southeast Etame 2-H well, the first development well drilled in the Southeast Etame Field, was brought online at the rate of approximately 3,400 barrels of oil per day (approximately 850 barrels per day net to VAALCO). The well was drilled to a measured depth of approximately 14,012 feet, targeting a […]

  • 20 July 2015
    Exploration & Production, Project & Tenders

    VAALCO Energy, Inc., an oil production company, has brought online the Southeast Etame 2-H well, the first development well drilled in the Southeast Etame Field, offshore Gabon.  According to the company, the well was brought online at the rate of approximately 3,400 barrels of oil per day (approximately 850 barrels per day net to VAALCO). […]

  • 12 July 2015
    Business & Finance, Operations & Maintenance, Project & Tenders

    Subsea World News has put together a recap of the most interesting articles from the previous week (July 06 – July 12). French engineering giant, Technip, has informed that the company will accelerate its cost reduction and efficiency efforts worldwide through a restructuring plan in response to the downturn in the oil and gas market. […]

  • 10 July 2015

    Fitch Ratings has downgraded its ratings on the QGOG-sponsored oil vessel-backed financings to ‘BB’ from ‘BB+’. Concurrently, Fitch has removed the rating from Rating Watch Negative and assigned a Negative Outlook.   The rating action affects approximately $316.5 million of senior secured notes issued by QGOG Atlantic / Alaskan Rigs Ltd. A full list of […]

  • 1 July 2015
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month. The month of June has seen many companies announcing job cuts and business restructuring. Red7Marine has gone into administration with 47 jobs lost, Aker Solutions slashed 200 in subsea division, FMC reduced Norwegian workforce […]

  • 14 June 2015
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Subsea World News has put together a recap of the most interesting articles from the previous week (June 08 – June 14). Three more tendons on the Chevron’s Big Foot tension-leg platform (TLP) have sunk, causing an indefinite delay to the start of the project. As Reuters reports, nine of sixteen tendons have sunk to […]

  • 14 April 2015
    Exploration & Production, Project & Tenders

    VAALCO Energy, Inc. has today announced first production from Etame 12-H, a development well drilled from the Etame platform offshore Gabon.  Etame 12-H was drilled to a measured depth of approximately 3,450 meters targeting the recently discovered, untapped lower lobe of the Gamba reservoir. Following completion operations, the well was brought online at the rate […]

  • 12 April 2015
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    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 of operating at depths of up to 3000m. These underwater vehicles […]

  • 12 April 2015

    Last week’s news revolved around an oil major, Royal Dutch Shell, and its activities related to Arctic drilling and Shell’s planned take over of UK-based oil company, BG Group.  Six Greenpeace activists boarded the Polar Pioneer, a drilling rig destined to drill for Shell in the Chukchi sea, offshore Alaska, this Monday in order to […]

  • 12 March 2015
    Business & Finance

    Four Japanese companies have joined up to form a new liquefied petroleum gas (LPG) importer, dubbed Gyxis Corporation, with the start of effective operations set for April 1. Cosmo Oil, Showa Shell, Sumitomo Corporation, and TonenGeneral have established the new company on the back of the last year’s agreement to integrate their LPG import and wholesale businesses, and […]

  • 11 February 2015
    Exploration & Production, Project & Tenders

    VAALCO Energy has announced first production from Etame 10-H, the second development well drilled from the newly installed Etame platform, offshore Gabon. The horizontal development well was drilled to a Measured Depth (MD) of 3,144 meters while intersecting over 180m of high quality reservoir within an oil-bearing portion of the Gamba Sand. Following completion operations, […]

  • 28 January 2015
    Business & Finance, Equipment, Technology

    Trimble has introduced the Trimble® SPS356 DGNSS Beacon Receiver specifically designed for marine construction. This marine receiver allows contractors to achieve sub-meter accuracy using DGNSS or MSK Beacon station corrections for robust, multi-constellation positioning. The receiver is ideal for a range of marine applications including dredging, vessel positioning and tracking, and bathymetric surveying. Consistent and Accurate […]

  • 9 January 2015
    Operations & Maintenance, Project & Tenders

    Ezra Holdings Limited’s Subsea Services division, EMAS AMC, has secured a subsea construction contract with Apache Energy in Australia valued in excess of A$130 million (US$105 million). The awarded scope of work includes project management, engineering, transportation and subsea installation of an electro-hydraulic steel tube umbilical, two heavy lift subsea manifolds, flying leads and jumpers as well as the procurement, […]

  • 9 January 2015
    Business & Finance, Equipment, Operations & Maintenance

    Ezra, has reported an increase in profit after tax (PAT) from US$8.7 million in 1Q14 to US$60.6 million in 1Q15. However, revenue of US$321.0 million for the first quarter ended November 30, 2014 (1Q15) was slightly lower from the corresponding period (1Q14). Adjusted EBITDA for the Group increased 13% from 1Q14 to reach US$44.7 million, while […]

  • 9 January 2015
    Business & Finance, Equipment

    EMAS’ subsea division, EMAS AMC, has secured a subsea construction contract with Apache Energy Limited in Australia valued in excess of A$130 million ($105 million). The awarded scope of work includes project management, engineering, transportation and subsea installation of an electro-hydraulic steel tube umbilical, two heavy lift subsea manifolds, flying leads and jumpers as well […]

  • 24 December 2014
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    The editors of Subsea World News have selected contracts that exemplify best-in-class among those that were signed during this year. Subsea World News’ Top Contracts in 2014 were selected on the basis of best awarded jobs and different companies involved in some of the biggest signings this year.     Technip, Heerema Awarded $3.5 Bln Subsea […]

  • 10 December 2014

    VAALCO Energy, Inc. today announced the completion of the Etame 8-H, the first development well drilled from the newly installed Etame platform, offshore Gabon. The Etame 8-H was drilled to a Measured Depth (MD) of 3196 meters and penetrated the Gamba Sand reservoir interval at 1820 meters True Vertical Depth (TVD), contacting 135 meters MD […]

  • 24 October 2014
    Business & Finance, Operations & Maintenance

    Ezra Holdings, a contractor and provider of integrated offshore solutions to the oil and gas industry, has recorded a drop in full year net profit, but revenue rose due mainly to strong subsea services business. Net profit in the full year, ended 31 August 2014, decreased by 16% to $45.27 million, compared to $53.65 million in […]

  • 21 October 2014
    Business & Finance, Equipment, Operations & Maintenance

    LDD, an Acteon company, has successfully finished a specialist foundation installation for the Etame Marin block field expansion project, offshore Gabon, West Africa.  VAALCO Gabon (Etame) is the operator of the Etame Marin block. EMAS AMC, the subsea services division of EMAS, is undertaking the block expansion project on behalf of VAALCO Gabon (Etame) and […]

  • 17 October 2014
    Exploration & Production, Project & Tenders

    VAALCO Energy, Inc. today announced the start of a new six well drilling campaign offshore Gabon on its Etame Marin block. The development drilling campaign follows the recent on-schedule installation of the Etame platform and the Southeast Etame/North Tchibala (“SEENT”) platform. All work on this project was accomplished without a safety or environmental incident. All six […]

  • 16 October 2014
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Ezra’s Subsea Services division, EMAS AMC, has completed a US$120 million project for VAALCO Gabon (Etame) offshore Gabon in West Africa using the new build Lewek Constellation on her inaugural installation project. The work scope included the transportation and installation of two jackets, topsides, flare booms and living quarters for the Etame and Southeast Etame […]

  • 16 October 2014
    Business & Finance, Equipment, Project & Tenders

    Ezra Holdings’ Subsea Services division, EMAS AMC, recently completed a US$120 million project for VAALCO Gabon (Etame) Inc. offshore Gabon in West Africa. The company used the new build Lewek Constellation on her inaugural installation project. The work scope included the transportation and installation of two jackets, topsides, flare booms and living quarters for the […]

  • 13 October 2014
    Business & Finance, Equipment, Operations & Maintenance

    Today, the Norwegian Ministry of Petroleum and Energy has granted Statnett licences to construct interconnectors to Germany and the UK. These projects have thus taken an important step closer to realisation. “We are very pleased that the Ministry has now issued licences for the two planned subsea cables to Germany and the UK. This is […]

  • 12 October 2014
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Subsea World News has put together a recap of the most interesting articles from the previous week (October 6 – October 12).         Chiyoda Corporation, Xodus Group and Saipem International BV, a subsidiary company of Saipem Spa, have joined forces to set up a subsea engineering company named Xodus Subsea. Xodus Subsea plans to challenge the largest […]

  • 9 October 2014
    Business & Finance, Equipment, Project & Tenders

    Ezra Holdings’ subsea services division, EMAS AMC, has finalised three contracts with Noble Energy valued collectively at over US$300 million. The scope of work includes engineering, procurement, construction and installation of subsea tie-backs for the Big Bend, Dantzler and Gunflint field developments in the US Gulf of Mexico. The project management, engineering and procurement are already […]