Polarcus Limited (“Polarcus” or the “Company”) announces the release of its second quarter 2013 financial statements. Highlights in the second quarter 2013: – Revenues of USD 130.5 million, up 14% from Q2 2012 – EBITDA of USD 51.1 million, up 19% from Q2 2012 – EBIT of USD 26.7 million, up 22% from
HMAS Newcastle’s Ship’s Dive Team has earned a ‘Bravo Zulu’ from the Commander Joint Task Force 633 (CJTF633) while in the Middle East Area of Operations (MEAO), for conducting a complex underwater evolution to remove an obstruction from the Ship’s main propeller shaft. At sunset on 8 July, Newcastl
Occidental Petroleum Corporation announced that its wholly owned subsidiary Occidental Petroleum of Qatar Ltd. (Oxy Qatar) and Qatar Petroleum have agreed on the Phase 5 Field Development Plan (FDP) of the Idd El Shargi North Dome Field (ISND), offshore Qatar. The ISND Phase 5 FDP has been prepared
TAQA, the global energy company based in Abu Dhabi, has released its first annual sustainable development report. The report outlines TAQA’s approach and performance in 2012 as well as goals for workplace health and safety, staff development, environmental protection, community relations and industr
International energy consultancy Xodus Group has secured two contracts from Abu Dhabi based Valentine Maritime (Gulf) L.L.C. The first project is for the design of new subsea pipelines in the Arabian Gulf. This will be the Xodus Group’s first subsea project from its rapidly growing team in Dubai, Un
Aquaterra Energy, the offshore engineering solutions specialist, has extended its global footprint and cemented its presence in the Middle East with the opening of a new office in Dubai. Driving the Aquaterra Energy business in this strategic region is newly appointed Sales Manager Martin Bolton, wh
Leighton Offshore has been awarded a contract for the replacement of floating hoses on the SPM system operated by Qatar Gas. Ras Laffan Terminal Operations, part of Qatargas Operating Company Ltd, operates and maintains two SPM CALM buoys approximately 54 Km offshore from Ras Laffan Industrial City,
British and Dutch divers are working side-by-side in the warm, salty waters of Bahrain port as part of a major Gulf exercise dealing with the threat of mines. Although much of the emphasis of the 40-nation IMCMEX – International Mine Counter-Measures Exercise – is focused on clearing routes for the
Tunisiana and Orange Tunisia announced the signing of a partnership agreement with Interoute, the owner operator of Europe’s largest next generation network, for the commissioning of a submarine cable, called Didon, connecting the city of Kélibia, Tunisia to Interoute’s pan European fiber optic netw
Representatives from more than 40 nations have arrived in Bahrain to take part in the largest exercise ever staged to deal with the threat of mines in the Gulf region. Six ships and more than 600 sailors from the Royal Navy are taking part in the fortnight-long test of the response of the world’s na
Unique Wellube FZC, a Unique Maritime Group Company which is one of the world’s leading integrated turnkey subsea and offshore solution providers is proud to announce the widening of its portfolio of services by signing exclusive agency and distribution agreements with 3 new associations. Unique Wel
Alcatel-Lucent and a consortium composed of Vodafone Group, Dialog Axiata, Emirates Telecommunications Corporation (Etisalat), Reliance Jio Infocomm, Omantel and Telekom Malaysia, have signed a turn-key contract to deploy a new 100 Gigabit-per-second (100G) submarine cable system to connect Oman, th
Spectrum announces the start of another Multi-Client 3D survey in the Levantine Basin offshore Lebanon. The survey is approximately 2,200 square kilometer in size and the acquisition will be carried out by Polarcus using its 12-streamer vessel ‘Adira’. The survey is directly North of Spectrum’s 3,05
Saudi Aramco announced the first phase production start-up at the Manifa field commenced on April 10th, 3 months ahead of schedule and well under the program’s approved budget. The Manifa field’s production capacity is expected to reach 500,000 bpd by July 2013, and is planned to reach its full desi
