Equipment
DESET Technology on Display
PROGROUPE has presented a new promotional video of the DESET (DEwatering SEdiment Technology), produced in cooperation with the local authorities managing Veľké Kozmálovce reservoir. The promotional operation presented the real conditions of the dredging and dewatering in their technological headqua
Proserv bags Johan Sverdrup work
Proserv, an energy services company, has secured a contract with a value of more than 20 million NOK ($2.4 million) to provide topside control equipment at one of the largest field discoveries on the Norwegian Continental Shelf, Johan Sverdrup. The agreement will see Proserv supplying Aibel, on beha
Nortech, Wilton Engineering join forces to deliver EPC services (UK)
Nortech Group and Wilton Engineering, two North East England’s oil and gas supply chain companies, have formed a new collaborative arrangement to deliver full-service engineering, procurement and construction (EPC) for brownfield oil and gas projects in the UK. The companies said in a press release
Gardline Teams Up with OPT on Offshore Monitoring Solutions
Ocean Power Technologies OPT has entered a memorandum of understanding (MOU) with Gardline Environmental to jointly develop metocean monitoring and maritime security systems for ocean observing and defense and security markets. The MOU outlines a multi-phase effort which is the basis for ongoing col
TGS Profit Declines
Seismic contractor TGS has posted third-quarter 2015 net income of $40 million, compared to $54.6 million in the same period in 2014. Earnings per share were $0.39, down from $0.53 in Q3 2014. The Oslo-listed company reported revenues of $169 million in Q3 2015 (89% accounted to multi-client), versu
PGS Takes USD 110 Mln Loss
Oslo-listed seismic player, Petroleum Geo-Services (PGS), has posted net loss of $110 million for the third quarter of 2015, compared with $8.4 million profit in the corresponding period in 2014. In the third quarter of 2015, the company recorded revenues of $225.7 million (out of which $120.4 milli
Forum Sees Profits Slashed
Forum Energy Technologies has seen its net income plunge by some 86 per cent in the third quarter 2015 as revenue declined on overall oil market slowdown. The Houston-based oilfield products company posted net income for the quarter of $7 million or $0.07 per diluted share compared to $52 million or
EMS nets contract worth $570M
The newly-enlarged EMS Group, formed as a result of EMS Energy Limited’s acquisition of the Koastal Group, has signed a binding Letter of Intent (LOI) worth $570 million for the supply, testing and commissioning of up to six sets of Major Equipment Package for rigs, worth $95 million per set, totall
Bureau Veritas approves GTT’s Mark V tech
Bureau Veritas informed it has issued Design Approval for the new Mark V LNG membrane containment system designed by France’s GTT.
AEG PS to power Dalian Shipbuilding’s newbuild semi-sub
China’s Dalian Shipbuilding Industry Offshore Co., Ltd has awarded the Netherlands-headquartered AEG Power Solutions (AEG PS), a contract to secure its BT-4000 semi-submersible platform power supply with a customized solution based on AEG PS Protect 8 industrial UPS. According to AEG PS’ press relea
ABB Delivers Power to New Troll A Compressors
ABB has completed its second power-from-shore system for Troll A, the world’s largest offshore gas platform, which is operated by Statoil and located in the North Sea about 70 km west of the Kollsnes onshore gas treatment plant, outside Bergen. As with the first system, the purpose is to power two c
Cameron Down 17 Pct in Q3
Cameron has reported net income of $187 million in the third quarter 2015, a decrease of approx. 17 per cent from the prior-year quarter net profit of $225 million. The company’s fully diluted earnings per share for the third quarter and first nine months of 2015 were $0.97 and $1.96, respectively,
Statoil: Minister of EEA and EU affairs visits Troll A platform
Vidar Helgesen (Conservative Party of Norway), minister of European Economic Area (EEA) and EU affairs, has paid a visit to the Statoil-operated ‘Troll A’ platform, in the Troll field, located in the Norwegian part of the North Sea. The reason behind the visit was the start-up of the two new giant c
Huawei Marine to Deliver CBCS Subsea Link
Huawei Marine has informed it will construct the Cameroon-Brazil Cable System (CBCS), connecting Africa to Latin America. The project is invested by CamTel and China Unicom. Telefónica will support the initiative providing its international facilities and experience. CBCS, which is approximately 6,0