Ocean Installer signed short term charter for the OCV/ROV vessel Grand Canyon in order to meet project requirements. Due to an increasing order book Ocean Installer is experiencing high utilisation of its current fleet and recognises the need for increased vessel capacity in the UK. “We have seen th
Danish cable installation company, CT Offshore, received a contract for the cable laying and burial of 97 inter-array cables at DONG Energy’s Gode Wind offshore wind farm 1 + 2. ”In the current market this is an important contract for CT Offshore. While new and larger cable laying vessels are being
Swiber Holdings Limited, an integrated construction and support services provider to the offshore oil and gas industry, has achieved a 106.4% increase in net profit to US$52.8 million notwithstanding a 35.6% decline in revenue to US$199.5 million for the three months ended March 31, 2014. A signific
Electromagnetic Geoservices ASA (EMGS) has received a signed contract from a repeat customer worth NOK 10 million (USD 1.7 million) for 3D EM data acquisition in the Barents Sea. The Company expects to commence the survey in May, using the vessel BOA Thalassa. BOA Thalassa is a purpose-built 3D EM v
The Gemini offshore wind project shareholders, headed by Canada’s Northland Power Inc., announced that they have reached agreement with the banks on the project’s financing. The financial close will contribute EUR 2.3 billion to the overall construction costs of EUR 2.8 billion. Van Oord has a 10% e
Technip confirmed that with its partners it has finalized the award by JSC Yamal LNG of a very major contract for a liquefied natural gas facility with a capacity of 16.5 million tons per year (Mt/y). The project will comprise three liquefaction trains of 5.5 Mt/y that are among the world’s largest
On the threshold of Gazprom’s annual General Shareholders Meeting the Company’s headquarters hosted today the Press Conference “Mineral and Raw Material Base Development, Gas Production, Gas Transmission System Development”. Taking part in the Press Conference were Vitaly Markelov, Deputy Chairman o
Key infrastructure for the Cygnus gas field left the Heerema Hartlepool yard yesterday as the project takes the next step towards targeted first gas in late 2015.
Viper Subsea has attracted major operator Shell to join BP and Total in a Joint Industry Project to develop its Subsea Line Integrity Monitoring (V-SLIM) unit which is used to identify and locate faults in remote subsea electrical distribution systems. The addition of another major operator as a spo
Dolphin Geophysical AS, Norwegian supplier of marine geophysical services, has reported net income of $6.2 million for the Q1 2014, compared to $8 million in Q1 2013. Dolphin Geo’s revenues for Q1 2014 were USD 80.2 million, compared to USD 69.1 million in Q1 2013. Recorded EBITDA was USD 22.7 milli
Ceragon Networks Ltd., wireless hauling specialist, has opened its new competence center in Bergen, Norway, which will be committed to boosting the company’s operations serving the Oil and Gas market. The center will spearhead Ceragon’s research, sales, support and strategic efforts to the market, a
WorleyParsons has been selected as the main provider of full service engineering and project and portfolio management services under a master services agreement (MSA) for the Atlantic Company of Trinidad and Tobago’s (Atlantic’s) four LNG trains, located in Point Fortin, Trinidad and Tobago. The MSA
After fierce competition, NTOC has successfully won the bid of Jiangsu Rudong 200 MW offshore wind power demonstration project, which includes the engineering of foundation construction, wind turbine installation and cable laying project. This project, located in Jiangsu Rudong new floodgate outside
ConocoPhillips held its Annual Meeting of Stockholders where it reaffirmed its goal to deliver double-digit annual returns to shareholders and elected Charles E. “Chuck” Bunch to serve on the ConocoPhillips board of directors.
