Subsea
Dolphin Achieves Historically High Quarterly Revenues
Dolphin Group ASA, a parent company of Dolphin Geophysical AS, and a global full-range, asset light supplier of marine geophysical services announced revenues of USD 101.0 million, compared to USD 68.4 million in Q2 2013. Quarterly highlights include: EBITDA of USD 30.3 million (30,0%), compared to
Polarcus Naila Finalizes 3D Seismic Program for TGS in UK
Polarcus Naila has continued to deliver superior performance since her propulsion upgrade in April this year. The modern 3D seismic vessel has recently completed a two month program for TGS-NOPEC towing a large 12 streamer spread offshore of the UK Shetland Islands. This complex program comprised tw
Ofgem Shortlisted Bidders for Westermost Rough and Humber Gateway Transmission Links
Ofgem has announced a short list of four bidders competing to own and run transmission links to two offshore windfarms. They are both located in the North Sea off the coast of Yorkshire. The shortlisted bidders go through to the final bid stage where Ofgem will appoint the Offshore Transmission Owne
Omega Completion Technology Bags Statoil Contract
Independent well completion and intervention technology developer and manufacturer Omega Completion Technology has secured a completions framework contract with Statoil ASA. The contract awards Omega the right to supply its unique ReACT Technology (Remotely Activated Completion Technology) to all St
Decom North Sea Appoints New General Manager
Decom North Sea (DNS) announced that Karen Seath will join the organisation in September, in the role of General Manager. With the total cost of UKCS decommissioning expected to reach approximately £4.5billion in the next five years, these are strategically critical times for the North Sea decommiss
MacGregor Subsea Cranes for Chinese PSVs
MacGregor, part of Cargotec, has secured a new contract from Chinese shipbuilder, Fujian Mawei Shipbuilding Ltd, for two 100-tonne active heave-compensated subsea MacGregor cranes. The cranes will be fitted to two 86-metre multi-purpose platform supply vessels (PSVs) under construction at the yard.
EMAS Secures Frame Agreement with Apache in North Sea
EMAS AMC, the Subsea Services arm of Ezra Holdings Limited, continues its winning momentum in the North Sea with the award of the frame agreement from Apache. The awarded frame agreement includes, among others, pipeline construction, umbilical/cable lay, structure installation and other typical rela
Bumi Armada to Supply FPSO for Madura BD Field
Bumi Armada Berhad has been appointed as the FPSO Lease Contractor for the Madura BD Field, Offshore Indonesia via a Letter of Intent issued by Husky-CNOOC Madura Limited (“HCML”). Pursuant to the Letter of Intent, the Consortium will supply a Floating Production, Storage and Offloading Vessel to HC
Additional Drilling of Phoenix South-1 Well Complete
Carnarvon Petroleum Limited advises that the Phoenix South-1 well has completed drilling to a depth of 4,595 metres measured depth (“MD”) after encountering the Locker shale. A further two minor sands were encountered during the additional 55m of drilling. While quantitative analysis has not been un
EMGS Becomes Substantial Shareholder in North Energy
With reference to the announcement of the strategic agreement between North Energy ASA and Electromagnetic Geoservices ASA (EMGS) on 21 January 2014, EMGS has now settled the NOK 75 million convertible bond loan to North Energy. EMGS has converted NOK 28.4 million of the loan into 6,851,463 shares i
Fastwave Becomes Australian Distributor of Kongsberg Seaglider System
Marine systems integration specialist Fastwave has recently been appointed Australian distributor by Kongsberg Maritime for the supply, installation, training, service and support of the SEAGLIDER system. The Seaglider is an autonomous underwater vehicle (AUV) developed for continuous, long term dat
Chariot Signs Farm-Out Agreement with AziLat in Brazil
Chariot Oil & Gas Limited’s wholly owned subsidiary, Chariot Brasil Petróleo e Gás Ltda., has signed a farm-out agreement with AziLat Limited through its local subsidiary AziBras Exploração de Petróleo e Gás Ltda. Following completion of this agreement, which is subject to the approval of the Brazil
Cecon Pride Completes Sea Trials
Cecon ASA announces that the Cecon Pride has successfully completed its sea trials and is in the process of being handed over prior to departure for the Mediterranean, where she will commence a 10 month contract. Also, Cecon, through its subsidiary Rever Offshore AS, has signed an agreement that ext
EEW SPC to Build Foundations for Sandbank OWF
EEW Special Pipe Constructions GmbH has received an assignment to manufacture foundations for the offshore wind farm Sandbank. EEW SPC managed successfully to come out on top in the bidding process. Contracts were signed on 28 May 2014 in Hamburg. The wind farm Sandbank is located in the German Nort