PGS, a Norwegian company specializing in seismic data acquisition and processing, today reported a strong EBITDA of $534.8 million for full year 2011. Total MultiClient revenues were $501.8 million, up 28% from 2010, with record late sales of $278.3 million. The company’s 2011 net income overall was
Cargotec’s MacGregor Chain Wheel Manipulator has won Offshore Support Journal’s Innovation of the Year award. The award was announced at the Annual Offshore Support Journal Conference in London on 15 February, and presented to Cargotec’s sales team for Advanced Load Handling in front of an audience
On Thursday the 16th of February, Island Offshore took delivery of its newest member of the fleet, the Island Captain. Godmother for the vessel is Mrs. Tonje Tiley from ConocoPhillips. The Island Captain’s sister vessel, the Island Centurion, was delivered in October 2011. The two vessels make out t
A settlement has been reached between its subsidiaries, MOEX Offshore and MOEX USA Corporation (collectively, MOEX Entities), and the government of the United States of America (United States), with regard to the civil and administrative penalties related to the Deepwater Horizon oil spill incident
The Petroleum Safety Authority Norway has granted Statoil consent to use Aker Barents for plugging well 7222/11-1 in the Barents Sea. The objective of the operation is to permanently plug exploration well 7222/11-1. The well was temporarily plugged in 2008. The planned activity entails removing the
Further to the stock exchange announcement of 31st January, 2012, when Awilco Drilling PLC reported that the WilHunter rig had incurred technical downtime, the company confirms that the outstanding repair work on the rig was completed on the 31st of January. Drilling activity has not however been ab
Technip has received a lump sum contract by Hess Corporation for the development of the Tubular Bells field, located in the Mississippi Canyon area of the Gulf of Mexico at a water depth of approximately 4,500 feet (1,370 meters). The contract covers the design, engineering, fabrication and subsea i
Chevron Nigeria Limited has begun the process of drilling a relief well to seal the Funiwa 1A natural gas well. The relief well is being drilled to extinguish a fire that began Jan. 16 when Chevron reported the fire outbreak aboard the K.S. Endeavor, a drilling rig offshore Nigeria operated by FODE
A Norwegian offshore shipping company Oceanteam Shipping ASA has secured an extension of a bareboat charter with Fugro TS Marine Australia for the CSV Southern Ocean until end 2015. The original charter with the Fugro’s subsea services division in Australia expired end 2013. The companies did not re
Bowleven, a West Africa focused oil and gas company, based in Edinburgh saw its shares rise some 70% driven by speculation of a possible takeover by Dragon Oil. The shares rose to 133.67 pence at 12:18 GMT, which represents a five month high. Dubai based, Dragon Oil released a statement in which it
Leni Gas & Oil plc today confirms the start of drilling operations with the Ocean Columbia jack-up rig at the Eugene Island Field in the US Gulf of Mexico. Further to the brief delay announced on 7 February which said that the the rig’s legs were stuck on the seafloor, the rig has now been […
Finland-based Wärtsilä, the marine industry’s leading gas solutions provider, has been awarded a contract to deliver an integrated propulsion system for two additional LNG offshore support vessels (OSV) to Harvey Gulf International Marine. The order, placed last week, takes Harvey Gulf to a fleet of
FMC Technologies, Inc. has signed a definitive agreement to acquire Control Systems International, Inc. (CSI). The Houston based subsea systems specialist did not disclose details of the agreement. “The addition of CSI enhances FMC’s automation and controls technologies and supports our long-term st
Deep Sea Supply Plc announces that the PSV ‘Sea Brasil’ has been awarded a long term charter contract with BP Brasil for operations in Brazil. Firm period of the contract is 3 years, with 3 x 1 year options after expiry of the firm period. The vessel will commence the contract upon delivery from the
