EMGS has released the fourth quarter results for 2011 with recorded revenues of USD 57.8 million, up from USD 27.2 million in the fourth quarter of 2010. Highlights in the fourth quarter 2011 include record-high financial results: * Total revenues at USD 57.8 million for the quarter * EBITDA of USD
TGS reports net revenues of USD 180.9 million in Q4 2011, compared to USD 177.6 million in Q4 2010, a 2% increase. The Company’s operational multi-client investments were USD 61.1 million, up 55% from Q4 2010. TGS’ backlog amounted to USD 210.9 million at the end of Q4, representing the highest back
Bourbon announces revenues for 2011 in line with the objectives of the “BOURBON 2015 Leadership Strategy” plan. “Revenues for 2011 are in line with our strategic plan and, for the first time since our focus on offshore services, topped the symbolic bar of one billion euros. The improvement in the of
Flexlife, an oil and gas industry specialist in subsea project and integrity management, has announced the successful first application of its innovative product FlexGel, in a North Sea operation for an oil major. FlexGel, an oil-based product that is non-soluble in water and with a density that can
Statoil’s fourth quarter 2011 net operating income was NOK 60.7 billion, a 42% increase compared to NOK 42.8 billion in the fourth quarter of 2010. In 2011, net operating income was NOK 211.8 billion compared to NOK 137.3 billion in 2010. “Statoil delivered record financial results, further improved
Electromagnetic Geoservices ASA (EMGS) announces that it has secured pre-funding to start a multi-client 3D EM campaign in the Barents Sea, ahead of Norway’s 22nd exploration licensing round. Data acquisition will commence in March using the vessel Atlantic Guardian. Preliminary data deliverables wi
MMT announces that it has been awarded a Frame Agreement for Offshore Survey Services with Statoil. The Frame Agreement consists of survey services such as pipeline surveys, seabed mapping surveys, inspections, geotechnical survey support, and environmental survey support that will be conducted worl
A2Sea’s Sea Worker has successfully installed the first two of 175 turbines at Array Offshore Wind Farm, and it is expected for them to start producing power in March, reports Businessgreen. They are the Siemens’ 3.6MW machines, which were tested at Hornsea zone and are already being used at the Bur
As oil and gas developments go deeper, the risk related to lifting operations is increasing. “Existing standards and regulations don’t sufficiently meet this challenge and this is why DNV now has initiated a joint industry project to ensure a unified safety approach. Fourteen key international offsh
Aberdeen-based subsea engineers Jee Ltd will increase the size of the company to 100 employees this year. “We are starting off the year on very strong footing,” said Trevor Jee, Managing Director. “We have an effective management team in place, supported and guided by a talented board of directors.
Based on the extensive seabed surveys carried out in 2010 at Anholt Offshore Wind Farm, 42 turbine positions have been identified as being at risk of extreme scour formation around the turbine foundation and it has therefore been decided to place a pile of rocks at the positions before the monopole
DONG Energy recently announced that 14 monopiles have been installed at Anholt Offshore Wind Farm. Since the first monopile was installed at 19.00hrs on New Year’s Eve, periods of good weather have been used to install foundations. On 1 February 2012, Svanen had erected 14 monopiles. Even though the
After the announcement was made on February 01 revealing the break-down of the submarine cable linking Estonia and Finland, the Elering Company has proclaimed that the EstLink is back in service. The cause of the break-down was of a technical nature originating in the Harku converter station that wa
Aberdeen-based subsea engineers Jee Ltd started the year with the good news that the company has been awarded ISO 18001 for Occupational Health and Safety, as well as 14001 for Environmental Management. “These international standards are not mere badges but proof of our commitment to creating a safe
