Fossil Energy
Northern Offshore 1Q Profit at $1.1 Mln
Northern Offshore, a Bermuda-registered company providing drilling units to the international oil and gas industry, has reported net income for the three months ended March 31, 2013 of $1.1 million, or $0.01 per diluted share, on revenues of $41.4 million. The company generated $9.8 million of first
Atlantic Offshore: ‘Ocean Troll’ is UK’s Most Powerful EERV
Aberdeen-based standby vessel operator Atlantic Offshore Rescue has commissioned what will be the UK’s most powerful emergency response and rescue vessel (ERRV). The Ocean Troll – which recently completed a long term charter with Statoil – has undergone a £2million conversion and overhaul at MMS in
DSME Orders Kongsberg Equipment for Transocean Drillships
Norway’s KONGSBERG has been awarded a significant offshore automation contract with South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME). The contract covers deliveries to four Transocean owned new-build drillships, with an option for KONGSBERG to deliver products and services for six more
Modus Buys New ROV
Modus Seabed Intervention, the leading subsea engineering and specialist Unmanned Underwater Vehicle (UUV) service provider, has confirmed an investment into a new advanced Remotely Operated Vehicle (ROV) to further enhance its fleet of subsea vehicles. Manufactured by SMD in North East England, the
Songa Offshore Puts Challenging Period Behind, CEO Says
Songa Offshore SE, a Cyprius-headquartered offshore drilling contractor, has today reported operating revenue for the first quarter 2013 of USD 124.8 million, and a profit of USD 9,4 million. “The results show that we have now definitely put a challenging period behind us. I am proud and happy to ha
MacGregor to Deliver AHC Crane for Toisa Offshore Construction Vessel
Cargotec’s MacGregor has received EUR 22 million order to deliver a 900-tonne active heave-compensated (AHC) MacGregor subsea crane to the South Korean shipyard, Hyundai Heavy Industries Co Ltd. The crane will be installed on a 150m multi-purpose offshore construction vessel (MOCV) ordered by Sealio
Hallin Marine Hired to Conduct IRM at Thistle Alpha Platform (UK)
Hallin Marine, a Superior Energy Services company, has secured a contract with EnQuest for an inspection, repair and maintenance (IRM) project in the UK Sector of the North Sea. The work will include full structural inspection activities as well as a number of repair and maintenance operations at En
IKM Subsea Provides ROV Services on Scarabeo 5 Rig (Norway)
IKM Subsea has been awarded a 4+1 year contract by Statoil for ROV drill support services. The contract agreement will include ROV services onboard the semi-submersible drilling rig Scarabeo 5. The Scarabeo 5 is a deepwater drilling rig, capable of drilling down to 2000 meter depth. “The drillsuppor
Xodus Catches Catcher Project FEED (UK)
International energy consultancy Xodus Group has secured a contract worth £1.3 million to deliver the subsea Front End Engineering Design (FEED) study for the Premier Oil Catcher project in the Central North Sea. The scope of work will involve two phases. A review of previous and current studies, pr
Peterson SBS Declares Option for Island Endeavour PSV
Norwegian owner of offshore support vessels Island Offshore has announced that Peterson SBS Den Helder B.V has declared the first yearly option on the MV Island Endeavour Platform Supply Vessel. The Island Endeavour, has performed pool supply duties for the SNS pool since 2008, when it was built, wi
PA Resources Gets New CEO (Sweden)
The Board of Directors of PA Resources has decided with immediate effect to appoint Board member Philippe R Probst as the company’s CEO. Bo Askvik is thereby leaving his position as CEO but will be available to the company for a number of months. Philippe R Probst will be CEO during an interim perio
Schlumberger’s Man to Join Songa Offshore as Chairman of BoD
Songa Offshore SE’s Board announced today its nomination committee’s proposal for the board of directors of Songa Offshore SE, to be elected on the company’s AGM on June 6th 2013 in Limassol, Cyprus. Michael Mannering, President of the Rig Management Group at Schlumberger, is nominated as a new Dire
Deep Sea Supply Cautiously Optimistic. Sees Opportunities in W. Africa and Asia
Deep Sea Supply reports consolidated revenues of MUSD 38.7 in 1Q 2013 compared to MUSD 21.4 in 1Q 2012. Total operating expenses in 1Q 2013 were MUSD 23.3 compared to MUSD 17.7 in 1Q 2012. This resulted in EBITDA of MUSD 16.7 in 1Q 2013, compared to MUSD 4.9 in 1Q 2012. Following financial expenses
Tidewater Buys Troms Offshore for $395 Million (Norway)
Tidewater Inc., through a wholly-owned subsidiary, has entered into an agreement with HitecVision to purchase Troms Offshore Supply AS for approximately $395 million. The acquisition of Troms Offshore, headquartered in Tromsø, Norway, will expand Tidewater’s global footprint into the Norwegian secto