Rem Offshore ASA has 9 modern vessels in operation. In addition the company has 5 vessels under construction. Rem Offshore ASA had operating revenues of NOK 138.9m in Q3 2010 (NOK 104.5m in Q3 2009). Operating profit before depreciation (EBITDA) in Q3 was NOK 83.7m (NOK 56.5m). Profit after tax in Q
Providence Resources P.l.c. („Providence‟), the AIM and ESM listed exploration and production company, is pleased to provide a status update on its Spanish Point Project, which is located in Frontier Exploration Licence (FEL) 2/04 in the Main Porcupine Basin, offshore western Ireland. The Spanish Po
GE has further expanded its Oil & Gas business’ portfolio capabilities with today’s inauguration of a new $3M investment subsea equipment testing facility in Warsaw, Poland, opened in partnership with the Warsaw Institute of Aviation and Engineering Design Center. The new Warsaw Subsea Test Lab prov
Petroleum Geo-Services ASA (“PGS” or the “Company”) has decided to effect a private placement, directed towards professional Norwegian and international investors, after the close of Oslo Børs today. The private placement comprises of up to 19,799,998 new shares, with the price to be determined thro
Grenland Group is contracted to deliver one integrated template structure and one manifold for FMC Technologies at Kongsberg. The total weight for the delivered structures will be approximately 350 tonnes. FMC Technologies recently signed an agreement with Statoil for the delivery of subsea producti
Odfjell Drilling and Statoil have entered into an agreement regarding Deepsea Atlantic. In addition, Statoil has exercised a 1 year option of further use of the rig, committing the rig to Statoil for a fixed period until 4 August 2014. “We are obviously very pleased that we have reached an agreement
Two contracts worth around USD 90 million have been awarded to Subsea 7. These are EPCI contracts, which include engineering, procurement, construction and installation of the pipelines and control cables connecting the PanPandora and Katla fields in the North Sea to existing production systems. The
Greenpeace has launched legal action in a bid to stop UK offshore drilling in the wake of the Deepwater Horizon disaster. By Independent.co.uk [mappress] Source: Independent, November 12, 2010;
Bergen Group has, through its subsidiary Bergen Group AS Halsnøy signed a Letter of Intent on a rebuilding of the seismic vessel “Geowave Master” owned by Master and Commander AS. The LOI includes work project with a total estimated value of NOK 160 – 170 million(Approximately USD$28 million). The v
Providence Resources P.l.c. („Providence‟), the AIM and ESM listed exploration and production company announced that it has signed a 10 month option agreement with Star Energy Group (“Star”) in relation to its 100% owned and operated Standard Exploration Licence (SEL) 1/07 („Dragon Licence‟) in the
Petrofac, the international oil & gas facilities service provider, has been awarded a contract worth £40 million (Approximately USD $ 64 million)over three years for the provision of engineering services to the UK Continental Shelf assets of Maersk Oil North Sea UK Ltd (Maersk Oil). Work will begin
Federal environment minister Tony Burke today approved, with strict conditions, Shell’s Prelude floating LNG facility in the Browse Basin off the coast of Western Australia. “While there are significant economic benefits to these projects, which must be a consideration in my decision, my focus has b
The Naming Ceremony of Siem Garnet took place in Ulsteinvik 4th of November at 12 PM. The godmother of this vessel is Maneesha Khanna Eriksrud. Siem Garnet is the 8th ship, out of the total of 10 VS491 CD, that is delivered from Kleven Maritime to Siem Offshore and Singa Star. Siem Opal, the next [&
Operating income for the quarter amounted to USD 73.4 million (USD 58.2 million). EBITDAFX was USD 18.5 million (USD 17.1 million). Operating loss was USD 19.5 million (loss of USD 0.2 million), and net loss was USD 66.4 million (net profit of USD 0.5 million). Operating income was USD 15.2 million
