EMGS, a company specializing in electromagnetic marine surveys, has announced record financial results, with quarterly revenues hitting a USD 57.8 million figure. Highlights in the fourth quarter 2011 include record-high financial results: Total revenues at USD 57.8 million for the quarter EBITDA of
The partnership in production license 048 B recently signed an agreement with Teekay to carry out maintenance work on the Floating Production, Storage and Offloading (FPSO) unit, Petrojarl I. As a consequence, Glitne is expected to keep production going until 2014. In the Plan for Development and Op
Forum Energy Technologies, Inc. (FET) has signed a contract with DOF Subsea AS (DOF) under which FET will supply six complete Perry™ XLX Generation 2 (G2) 150 horsepower Remotely Operated Vehicle (ROV) systems including tooling and survey packages. All six systems are scheduled for delivery in 2012.
Sagres Energy Inc., an international oil and gas company with an exploration portfolio in Colombia, Guyana and Jamaica, provides an update on its activities in Jamaica. The company’s subsidiary, Rainville Energy Corporation (“Rainville”), is a party to three production sharing agreements with the Pe
Quantum Energy Partners , has announced the formation of Renaissance Offshore (“Renaissance”) with offshore industry veteran Jeffrey Soine. Supported by a $300 million equity commitment from Quantum, Renaissance will primarily engage in acquiring and redeveloping legacy oil producing properties in t
The industry-led Center for Offshore Safety is working to extend to drilling contractors its safety audit function for U.S. deepwater operators, the organization’s chairman, Charlie Williams, said Tuesday at a Platts Energy Podium. The center, which has contractors such as Transocean, Halliburton an
Buccaneer Energy Limited announced that two key permits have been granted for oil and gas exploration operations at the Southern Cross and Northwest Cook Inlet Units located offshore in the Cook Inlet, Alaska. The Alaskan Department of Natural Resources (DNR), Division of Oil and Gas, has approved t
The BAM Clough joint venture has been awarded a contract by international oil and gas service company Bechtel for the design and construction of the Chevron-operated Wheatstone LNG product loading facility and tug berths near Onslow, Western Australia. The contract is valued at approximately €325 mi
Providence Resources P.l.c. the London (AIM) and Dublin (ESM) quoted oil and gas exploration and production company, today provided a further market update on its ongoing drilling programme in the North Celtic Sea Basin, offshore southern Ireland. The 48/24-10z Barryroe appraisal well is located in
Octanex N.L. today announced that the Tamar 3D seismic survey, located within the WA-420-P permit, has been completed. The Tamar survey is the second of three new 3D seismic surveys currently being acquired in the Company’s Southern Bonaparte Basin permits. The 3D seismic surveys are being acquired
Greatship Global Offshore Services Pte. Ltd. (GGOS) has taken delivery of GREATSHIP VIMLA, a 150T Anchor Handling Tug cum Supply Vessel, from Drydocks World-Singapore Pte. Ltd., Singapore. GIL had entered into the shipbuilding contract for the said vessel which was later novated to GGOS. Greatship V
Brazil’s Petrobras announces that drilling of the first well after the execution of the Transfer of Rights Agreement has been completed. Results confirm the extension of oil reservoirs northwest of the discovery well at the Franco area, in the Santos Basin pre-salt area. The well referred to as 3-BR
Baker Hughes has expanded its pipeline service portfolio to include circumferential magnetic flux leakage (MFL) inspection technology, which enables pipeline operators to identify anomalies in pipeline long seams and more effectively manage the risk associated with cracks in long seam welds and the
BG Group has today announced the appointment of Vivienne Cox as a Non-Executive Director with immediate effect. Commenting on the appointment, BG Group Chairman Sir Robert Wilson said: “I am delighted to welcome Vivienne on to the BG Group Board. Vivienne’s extensive experience and expertise, across
