Wood Group Kenny announces the launch of two new joint industry technology initiatives, SURF IM and SLARP, valued at US$1m, which are considered critical for the future operation of subsea systems, particularly for deepwater and long-tieback locations. Wood Group Kenny has been proactive in proposin
Polarcus Limited announces that the Company has today received a Statement of Qualification from Det Norske Veritas (DNV) to qualify Polarcus’ Arctic operating procedures according to industry best practice and relevant standards. The Statement of Qualification was presented to Polarcus at the 7th A
Wood Group Kenny announces the launch of two new joint industry technology initiatives, SURF IM and SLARP, valued at US$1m, which are considered critical for the future operation of subsea systems, particularly for deepwater and long-tieback locations. Wood Group Kenny has been proactive in proposin
SBM Offshore has awarded a contract to Keppel Singmarine in Singapore for the detailed design and construction of a multi-purpose Diving Support & Construction Vessel (DSCV). This investment is an important element of the Company’s strategy to grow offshore contracting activities within the Turnkey
SBM Offshore has awarded a contract to Keppel Singmarine in Singapore for the detailed design and construction of a multi-purpose Diving Support & Construction Vessel (DSCV). This investment is an important element of the Company’s strategy to grow offshore contracting activities within the Turnkey
Statnett together with the UK system operator National Grid plans to establish a subsea HVDC power link between Norway and England. The landing point for the project is Kvilldal, close to the largest power plant in Norway. The project could be completed between 2017 and 2020, and would become the wo
Coastal Energy Company announces the successful results of the Bua Ban North A-03 exploration well. The Bua Ban North A-03 well was drilled to 5,346 feet TVD and made a discovery in the Miocene interval. The well encountered 125 feet of net pay with 28% average porosity. The A-03 tested a fault bloc
Polarcus Limited announces that the Company intends to issue USD 125 million in principal amount of Senior Secured Convertible Bonds (the “Bonds”) with a five-year tenure. The purpose of the Bonds is to finance the acquisition and completion of POLARCUS SELMA, an ultra-modern and Arctic-ready 8 stre
Statoil has received consent to use the Island Wellserver mobile facility for well intervention activities on Troll Oseberg Gass Injection (TOGI). In addition to the fields included in previous consents a need has arisen to carry out minor well intervention work on TOGI. The objective of the activit
Polarcus Limited announces that the Company intends to issue USD 125 million in principal amount of Senior Secured Convertible Bonds with a five-year tenure. The purpose of the Bonds is to finance the acquisition and completion of POLARCUS SELMA, an ultra-modern and Arctic-ready 8 streamer 3D seismi
EnCore Oil plc to provides an update on the Cladhan appraisal well 210/30a-4 located in UK North Sea Block 210/30a. The appraisal well was drilled as a deviated well to a Total Measured Depth of 12,252 feet and encountered oil bearing Upper Jurassic sandstones in two separate reservoir intervals. No
Gulf Bridge International (GBI), the Middle East’s first privately owned submarine cable operator, and Qtel, one of the region’s leading telecommunications companies, announced the landing of the GBI cable in Qatar, which will connect to the new purpose-built Qtel landing station. This is second of
Applanix announced the release of POS MV™ V5 (Position and Orientation System for Marine Vessels), the next generation of its industry leading georeferencing and motion compensation system for hydrographic surveying. The system is available in three performance levels—POS MV WaveMaster, POS MV 320 a
The C-NLOPB is responding to a report from Husky Energy of a release of approximately 4000 litres of synthetic-based mud (SBM) onto the deck of the GSF Grand Banks platform on April 8. Operations were suspended when the incident occurred and clean-up response was initiated. It currently appears that
