Equipment
EMGS in New Barents Sea Shoot
Electromagnetic Geoservices (EMGS) said it has entered into a data licensing agreement with an undisclosed repeat customer for 3D EM data to be acquired over the Hoop area in the Barents Sea. According to the Oslo-listed company, the pre-funding amounts to USD 1 million. This new acquisition is expe
Kongsberg Maritime Revenues Slip on Offshore Division Slowdown
Kongsberg Maritime (KM) has reported operating revenues for the second quarter 2016 of NOK 2.36 billion ($287 million) against NOK 2.5 billion ($305 million) same time last year. The EBITDA margin was 10 per cent, and was adversely influenced by NOK 5 million related to restructuring costs in offsho
Hunting Scores Licence Deal for Interventek’s Well Intervention Valve
Interventek Subsea Engineering has awarded a sole license for its new surface well intervention valve to international energy services specialist, Hunting. The product will join Hunting’s pressure control equipment portfolio and will be called the Ezi-Shear Seal. According to Interventek, the valve
Ashtead Expands Rental Portfolio with iXblue Tech
Ashtead Technology has expanded its equipment rental pool following an investment in a subsea navigation system iXblue RAMSES. The iXblue RAMSES is an acoustic synthetic baseline positioning tool with real-time underwater navigation. According to Ashtead, when coupled with iXBlue inertial navigation
ABB Strengthens UK Marine Business with New Appointments
ABB has appointed Philip Lawson as the UK business leader for marine and ports based out of its Aberdeen office. Lawson has sales and operations experience in the oil and gas industry having spent over 15 years as a field service manager with other blue chip organisations throughout Europe. Commenti
NRC to Support EMSA in North Sea Oil Spill Response
NRC has launched a new oil spill response equipment assistance service for the European Maritime Safety Agency (EMSA) in Oldmeldrum, near Aberdeen, Scotland. Under this deal, awarded to NRC subsidiary Sureclean, NRC will be responsible for maintaining and storing EMSA’s equipment and ensuring its re
Shell Gets Green Light for Knarr and Gaupe
The Petroleum Safety Authority Norway has given Shell consent to use the facilities at Knarr and Gaupe following a change of operatorship. Shell is taking over the operatorship of Knarr and Gaupe from BG, and has as a result, applied for consent to use these facilities, even though consent for their
Maersk jack-up rig drills Norway’s deepest ever well
Danish offshore driller Maersk Drilling has made history by drilling the deepest ever well on the Norwegian Continental Shelf. The company on Thursday said that using the jack-up rig Maersk Gallant had beaten the record by reaching a total depth of 5.491 meters while drilling the ultra high-pressure
Oceanteam Back in Black, Looks for Bond Refinancing Solution
Norway-based Oceanteam has posted net profit attributable to owners of the company of close to $100 000 for the second quarter ended June 30, 2016, bouncing back from $1.5 million loss same time last year. The Oslo-listed company, comprised of two operating segments, Oceanteam Shipping and Oceanteam
Siem Offshore: OSV market to remain volatile for extended period
Norwegian offshore vessel owner Siem Offshore saw an improvement in the North Sea spot market for Offshore Support Vessels towards the end of the second quarter of 2016. The growth was particularly felt in the anchor handling tug and supply vessel rate levels, Siem Offshore, which runs a fleet of 46
Siem Offshore Narrows Losses
Siem Offshore has managed to shrink its quarterly loss, despite weaker revenue, as fleet write-downs were much lower compared to same time last year, and a bargain purchase gain boosted the company’s bottom line in the second quarter of 2016. The Oslo-listed company recognised net loss of $7.9 milli
Auxilium Offshore Fixes on Subsea Tools
The Netherlands-based Auxilium Offshore said it has taken a next step in the development of its organisation, bringing an extra scope on the projects and work the organisation does. “As we decided that we wanted to bring more focus on cost-effective offshore operations we immediately created the opp
Statoil in Fram C East Launch
Norway’s Statoil informed that Fram C East has started production to the Troll C platform. Fram C East is a long production well drilled from the existing Fram subsea template tied back to Troll C. Gas will be transported to Kollsnes via Troll A, whereas oil will be piped to Mongstad for further pro
CIE Well Control Calls in Administrators
CIE Well Control has gone into administration resulting in loss of 21 jobs. The Aberdeen-based subsea and surface engineering company has appointed KPMG UK restructuring head Blair Nimmo and Scottish restructuring director Geoff Jacobs as joint administrators. CIE shares the same fate with several o