Subsea
EMGS to Elect New Board
The Nomination Committee of Electromagnetic Geoservices ASA (EMGS), has put forth a proposal for election of new shareholder elected members to the Board of Directors of the Company. The Nomination Committee proposes that the Board of EMGS shall comprise of the following shareholder elected persons:
Energinet.dk Gets Green Light for Kriegers Flak Link
The Danish Minister for Climate, Energy and Building has issued investment approval for the units to be erected by Energinet.dk in order to connect the forthcoming offshore wind turbines at Kriegers Flak in the Baltic Sea to the onshore electricity grid. The approval allows Energinet.dk to enter int
Bowtech Hosts Delegation from Japan
Bowtech Products, a provider of subsea vision systems, welcomed a delegation from Japan to their Aberdeen Headquarters. The delegation was led by Yoshihiko Ikumura, president of Marimex Japan K.K. and included colleagues from Japan Agency for Marine-Earth Science and Technology (JAMSTEC) and Nippon
Subsea 7 Axes Almost 150 Jobs in Norway
The UK-based oil services company Subsea 7 is reported to be letting go almost 150 employees in Norway. Namely, the company said last September that it was planning to cut costs by reducing its headcount, largely due to project delays, but didn’t specify which areas will be cut. According to the lat
Wood Group Announces Pay Cuts
In response to cost and efficiency challenges affecting the UK North Sea oil & gas sector, Wood Group PSN (WGPSN) has today announced plans to reduce the rates paid to its UK-based limited company offshore and onshore contract workers. In addition, salaries will be frozen for the majority of UK-base
Vattenfall Sells Thanet OWF Transmission Infrastructure
Vattenfall, the Swedish energy company, have agreed a £164M deal to transfer ownership of a Kent wind farm’s electricity export cables and substations. The agreement, with international infrastructure group Balfour Beatty, was finalised following a tender process, managed by energy regulator Ofgem,
GE Buys Oceaneering’s Subsea Actuators Product Line
GE has signed an agreement to acquire the Subsea Electric Actuator product line of Oceaneering, a global provider of engineering services and products to the oil and gas industry. The product line goes to market under the Oceaneering Subsea All Electric and Ifokus brand, which specializes in the des
EMGS in Another Barents Sea Data Sale
Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an oil company worth USD 7.1 million for the provision of 3D EM data from EMGS’ multi-client data library in the Barents Sea. “This sale is yet another confirmation of the increased recognition of the importance
Ocean Yield Takes Delivery of DSCV SBM Installer
Ocean Yield ASA has taken delivery of the diving support and offshore construction vessel “SBM Installer”. OS Installer, a joint venture between Ocean Yield ASA (75%) and SBM Offshore (25%) purchased the vessel from SBM Offshore earlier this month for US$150 million in cash. The vessel immediately e
Statoil Submits PDO for Gullfaks Rimfaks
Statoil and its partners have decided to develop the Rutil discovery located in the Gullfaks Rimfaks valley in the North Sea. Providing close to 80 million barrels of oil equivalent, the development will extend the lifetime of the Gullfaks A platform. The plan for development and operation (PDO) was
HitecVision Merges Five Companies in Global Maritime Group
HitecVision is establishing a new oil service Group under the name Global Maritime Group by merging five companies in its portfolio. The five companies are leaders within their respective fields, working within offshore and maritime engineering, marine warranty, dynamic positioning, vessel inspectio
VARD to Build OSCV for Farstad
Vard Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, has secured a contract for the design and construction of one Offshore Subsea Construction Vessel (OSCV) for Farstad Shipping. The vessel will be of VARD 3 17 design, with a total length of
PHOTO: NUI Robot in Arctic Survey
The AWI marine expert Antje Boetius and a team of scientists from the US-American Woods Hole Oceanographic Institution (WHOI) presented first results from test dives of a new innovative under ice robot at the fall meeting of the American Geophysical Union in San Francisco. The new vehicle, called Ne
TGS Appoints New COO
The Board of TGS announced the appointment of Kristian Johansen to the newly created role of Chief Operating Officer (COO), effective 1 February 2015. Kristian joined TGS in 2010 as Chief Financial Officer. Prior to joining TGS, Kristian was the Executive Vice President and CFO of EDB Business Partn