Subsea
Norway: DeepOcean Secures New Senior Credit Facility
The DeepOcean Group announced it has secured a new €125 million senior credit facility. The agreement consists of a €95 million senior secured revolving credit facility including an ancillary feature for performance guarantees and a €30 million senior secured term loan facility. Both the revolving c
Ramboll Announces Record Revenue in 2012 (Denmark)
2012 was a satisfying year in terms of performance and for the first time Ramboll delivered revenue of EUR 1 billion, equivalent to DKK 7.6 billion. Operating profit before goodwill amortisation (EBITA) amounted to DKK 406 million. This growth is driven by strong performance in Scandinavia and in pa
REA Welcomes Government’s Wave and Tidal Funding, UK
The Renewable Energy Association (REA) welcomes the news that several marine renewables projects are set to progress having been successful in securing funding. MeyGen Ltd and Sea Generation Wales Ltd have won £10 million each under the Government’s Marine Energy Array Demonstrator scheme (MEAD), wh
Offshore Center Denmark Sets Up Network for Underwater Robotics
Offshore Center Denmark has set up a network for companies interested in underwater robots. The need for sophisticated technology, used for extraction of oil from the oil fields in the North Sea and harnessing electricity from offshore wind farms, is on the rise. As more and more facilities are plac
Serica Begins Tender Process for Columbus Field Development Offshore UK
Serica Energy plc announces the issue of tender documents for development of the North Sea Columbus field. The Field Development Plan provides for the supply of 51.3 million cubic feet of gas per day at peak to the UK gas market and 3,600 barrels per day of condensate and natural gas liquids (NGLs)
France: Energy Minister Takes Concrete Steps to Boost Offshore Renewables
Delphine Batho, French Minister for Ecology, Sustainable Development and Energy announced the launch of a call for expressions of interest to promote demonstration projects in offshore renewables on Monday, according to UPI.com news site. Furthermore, Ms. Batho disclosed information on exploiting th
SSE Withdraws from NorthConnect Project
SSE has announced that it will no longer have a financial involvement in the NorthConnect project, the interconnector development company seeking to build a subsea electricity cable between Great Britain and Norway. NorthConnect partners (Vattenfall UK, E-CO Energi, Agder Energi (AE), and Lyse) rema
DONG Energy Discovers Hydrocarbons at Trym South in Norwegian North Sea
DONG Energy has discovered hydrocarbons at Trym South in the Norwegian North Sea. Trym South is located approximately 2 kilometres south of the Trym field in the southern part of the North Sea. Current estimates suggest a discovery between 1 and 2 million Sm3 oil equivalents. Data has been acquired
STX OSV Gets New Name – VARD (Norway)
STX OSV Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, announces that the STX OSV Group of companies will adopt the new brand name VARD. The adoption of the new name, logo and brand identity follows the sale of STX Europe’s majority stake in
Spectrum Closes Acquisition of Carmot Companies (Norway)
Spectrum announced that it’s acquisition of Carmot Seismic AS and Carmot Processing AS has now been closed with no changes to the agreed compensation. The acquisition establishes a significant footprint for Spectrum on the Norwegian Continental Shelf adding 3D seismic data cubes covering approximate
EMGS Provides Vessel Schedule (Norway)
Electromagnetic Geoservices ASA (EMGS) provides the following update on the vessel schedule presented during its fourth quarter 2012 presentation on 7 February 2013: BOA Thalassa Following transit from the Gulf of Mexico to Singapore and subsequent equipment upgrades and sea trials, the BOA Thalassa
UK: Reef Subsea Announces Management and Board Changes
Reef Subsea Group, a leading subsea service provider, has announced changes to its management and board with immediate effect. Mark Preece is to step down as CEO of the Reef Subsea Group by mutual agreement. The board has acknowledged and thanked Mr Preece for his efforts in developing and positioni
Keel Laid for Aarhus University’s New Research Vessel Aurora, Denmark
The keel has been laid, the course has been set and the Aurora is taking shape at the shipyard. The new ultra-modern research vessel will be ready to embark on expeditions by summer 2014. Aurora is the Roman goddess of the dawn. She renews herself every morning. Her brother is the sun and her sister
Archer Launches BOP and Riser Cleaning Tool
Archer, the global oilfield service provider, has launched its latest tool, the TornarTM Deep Water BOP Cleaner, which has been designed for safe and effective blowout preventer (BOP) and riser cleaning in deep and ultra-deep water environments. The company made the announcement from booth 555 at th