Aubin, a leading independent supplier of specialist chemicals to the energy industry, is launching a new product range at this year’s Subsea UK exhibition. The first of these innovative products is DiveGel, a new application of the company’s game-changing Gel Lift System (GLS), which will revolution
TenneT has entered into a partnership with Mitsubishi Corporation by agreeing to sell a 49% equity stake in two German offshore high-voltage cable projects, BorWin1 and BorWin2. Mitsubishi’s aggregate equity commitment will total EUR 240 million. This partnership represents a milestone transaction i
Seatronics, an Acteon company, now owns the most RESON SeaBat® multibeam echo sounder systems in the world. As part of an ongoing commitment to providing a market-leading range of rental equipment, the multimillion dollar investment will offer Seatronics’ clients the latest SeaBat 8125-H and SeaBat
Providence Resources P.l.c., the London (AIM) and Dublin (ESM) quoted oil and gas exploration and production company, provides a further market update on its ongoing drilling programme in the North Celtic Sea Basin, offshore southern Ireland. The 48/24-10z Barryroe appraisal well is located in c. 10
The 4500 dwt DPII MPSV Adams Vision has been chartererd for a period of 15 months by Stork Technical Services who recently rebranded from RBG Limited. The vessel, currently on bareboat charter to Bahrain based Adams Offshore Limited, had until recently been working in the US Gulf and was mobilized f
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
Ocean Energy Limited, Ireland’s leading wave energy company, is working with Wave Hub, the world’s largest grid connected offshore marine energy test site, to deploy its technology at the site later this year. Cork-based Ocean Energy, in collaboration with its partner Dresser-Rand, one of the larges
Bergen Group Fosen has signed a contract with Volstad Maritime AS to build a large high end offshore vessel. The contract has an estimated value of more than NOK 800 million, and the ship is scheduled for delivery in Q3 2013. The signed contract is subject to final board approval and financing, whic
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
BlueView Technologies, the world leader in compact acoustic imaging and measurement technology, announces the latest delivery of two (2) P900-130 2D Multibeam Imaging Sonar for Fugro Subsea Services in Aberdeen making a total of six (6) units delivered to the group over the past year. The BlueView P
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
