Discovery Offshore S.A. announced yesterday an agreement with Keppel FELS to extend the exercise date on the first rig construction option to late October 2011. If the Company elects to exercise the first option, rig delivery will be scheduled for the third quarter of 2014, an extension of two month
Songa Offshore SE announced that the Company has finalized a new bank facility in the amount of USD 420 million. The new facility has a repayment profile of 8.5 years and will be used to finance the delivery of the ultra-deepwater semisubmersible Songa Eclipse, currently ready for delivery from Juro
nkt cables has announced half-year 2011 results . EBITDA expectations in NKT Holding for 2011 is downgraded to approx. 1.0-1.1 bnDKK from earlier approx. 1.2 bnDKK due to the fact that 2nd quarter earnings in nkt cables were not satisfactory. The adjustment primarily relates to the newly build subma
Jack-Up Barge has announced signing a multi-year charter agreement with the German BARD Group for Jack-Up Barge’s Self Elevating Platforms JB-115 and JB-117. The contract is valued at in excess of EUR 100 million. Both platforms will be deployed in the BARD Offshore 1 offshore wind farm – the larges
A dive services provider located on North America’s west coast, operating out of Vancouver Island and the Sunshine Coast and serving private individuals, companies and governments from Chile to Alaska, SeaVeyors Environmental and Marine Services Ltd. heads into its sixth year of business at the fore
Songa Offshore SE announced that the Company has finalized a new bank facility in the amount of USD 420 million. The new facility has a repayment profile of 8.5 years and will be used to finance the delivery of the ultra-deepwater semisubmersible Songa Eclipse, currently ready for delivery from Juro
nkt cables has announced half-year 2011 results . EBITDA expectations in NKT Holding for 2011 is downgraded to approx. 1.0-1.1 bnDKK from earlier approx. 1.2 bnDKK due to the fact that 2nd quarter earnings in nkt cables were not satisfactory. The adjustment primarily relates to the newly build subma
Jubilant announces settlement of the ongoing arbitration with Tap Oil in connection with Permit T-47/P located in Australian waters. Under the terms of settlement, Jubilant has paid AUD 1.67 million (approximately USD 1.62 million) in full and final settlement against a claim of AUD 3.24 million (ap
Swiber Holdings Limited, a world class integrated construction and support services provider to the offshore industry announced today that its order book has gained momentum, growing to US$777 million. This follows contracts awarded to its offshore subsea diving subsidiary, Kreuz Holdings Limited to
Jack-Up Barge has announced signing a multi-year charter agreement with the German BARD Group for Jack-Up Barge’s Self Elevating Platforms JB-115 and JB-117. The contract is valued at in excess of EUR 100 million. Both platforms will be deployed in the BARD Offshore 1 offshore wind farm – the larges
DSC and its customer, the Port of New Orleans, were recently recognized in the 2011 Hot-Dip Galvanizing Excellence Awards for use of galvanized steel throughout the dredge design. The Dredge Edward S. “Ned” Reed was awarded in the water and marine category of the annual competition, representing the
Forum Subsea Solutions, a division of Forum Energy Technologies, Inc., announced the sale of a Sub-Atlantic, Super Mohawk II ROV (Remotely Operated Vehicle) system to Abyss International Benthic Exploration S.A.R.L. of Montpellier, France. The Super Mohawk II is an ROV system suitable for observatio
Kreuz Holdings Limited, a subsea services provider for the oil and gas industry, today announced that the Group has been awarded subsea installation contracts worth approximately US$25 million, by a leading offshore construction company in the oil and gas business located in Middle East. The contrac
An international team of researchers, including physical oceanographers from the Woods Hole Oceanographic Institution (WHOI), has confirmed the presence of a deep-reaching ocean circulation system off Iceland that could significantly influence the ocean’s response to climate change in previously unf
