Nautilus Minerals Inc. announces the release of its audited consolidated financial statements for the year ended December 31, 2012, together with Management’s Discussion and Analysis. “It has been a challenging year”, said Nautilus Mineral’s interim CEO, Mike Johnston. “The decision made by the Boar
As one of the world’s largest providers of products and services to the energy industry, Halliburton relies on well-maintained equipment to ensure a leading edge in the market. Experienced operators working offshore in West Africa depend on the cost-effective technology delivered by Halliburton’s ma
Punj Lloyd Group, a leading engineering, procurement and construction (EPC) conglomerate, yesterday, March 14, announced receiving an offshore project in Al ‐ Khafji, Saudi Arabia from Al Khafji Joint Operations. The project, worth Rs. 314 crores (USD 57.75 million), is scheduled for commissioning i
Statoil secures rig for high impact opportunities supporting the company’s ambition for international growth. Statoil has signed a three year contract for the Stena Carron drillship for exploration drilling in the pre-salt blocks (Blocks 38 and 39) in the Kwanza basin in Angola. The agreement being
Secretary of the Interior Ken Salazar announced that Shell’s long line of problems and accidents during the summer of 2012 “have raised serious questions regarding its ability to operate safely and responsibly in the challenging and unpredictable conditions offshore Alaska.” Yet, the Department of I
Tap Oil Limited announces that it has executed a USD $50 million field development facility for the Manora Oil Development in Thailand and a AUD $20 million corporate facility, both with the Commonwealth Bank of Australia. The USD $50 million field development facility will be used solely to fund th
Aker Solutions has signed a contract with ExxonMobil for the supply of subsea umbilicals for the Erha North phase 2 development in Nigeria. The Erha North Phase 2 development is an extension of the existing Erha subsea system and infrastructure located approximately 97 kilometres offshore Nigeria in
In this video Jumbo Offshore is taking us through the installation of subsea manifold at a 3000m waterdepth. Using its Deepwater Deployment System onboard the vessel Fairplayer , the company is capable of performing the installation of a 1000 ton manifold in ultra deep waters. The Fairplayer is fitt
An amount of EUR 500 million, intended for investments in a power grid in the Netherlands, is likely to be raised through the sale of part of the Dutch power grid operator TenneT, Reuters informs. According to TenneT’s CEO, the funds are needed in 2014 and 2015 for the upgrade of the grid in the [&h
EMAS AMC, the subsea services division of EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas industry, announced that it has won a contract from Statoil for the transport and installation of subsea templates for the Norwegian Sea’s deepest off
Ezra Holdings Limited (“Ezra”, the “Group”), a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, announced that its subsea services division, EMAS AMC, has been awarded an engineering, procurement, construction and installation (EPCI)
The ports of Antwerp and Rotterdam are home to two of the largest industrial clusters in Europe, and pipelines are of vital importance for the companies operating there. One year ago the respective port authorities announced that they would collaborate in studying the possibilities of further develo
The Federal Energy Regulatory Commission (FERC) and the U.S. Coast Guard within the U.S. Department of Homeland Security have signed a Memorandum of Understanding (MOU) to cooperate with each other on the development of hydrokinetic projects. These projects generate power from waves, tides, ocean cu
Subsea 7 S.A. (the “Group”) announced results for the fourth quarter and full year which ended on 31 December 2012. Unless otherwise stated, the comparative period is the three and thirteen months ended 31 December 2011 for Subsea 7 SA and the results of Subsea 7 Inc. following the date of Combinati
