Subsea
HCS Secures Financing Package from RBS
HCS Control Systems, a Fife-based oil and gas sector company is targeting further growth from international clients after securing a £4.5m financing package from RBS. Headquartered in Glenrothes, HCS is a specialist manufacturer of engineered mechanical, hydraulic and electrical systems for the subs
Barge Carrying Platforms for EnBW Baltic 2 OWF Sinks Off Darßer Ort
A barge that sank on Wednesday morning (August 13) off Darßer Ort in the Baltic Sea was carrying four working platforms for the EnBW Baltic 2 offshore wind farm, the company confirmed in an email statement. “We are still examining the impact and we cannot make a statement yet,” EnBW’s spokeswoman sa
Five Additional FMC Technologies’ Subsea Manifolds for Petrobras’ Fields
FMC Technologies, Inc. announced that it has received an order for five subsea manifolds from Petrobras, Brazil’s national oil company, for its pre-salt fields located offshore Brazil. The order represents the balance of the 16 subsea manifolds ordered under a frame agreement in 2013. In total, FMC
Ezra’s Shareholders Approve Merger of EMAS into EOC
Ezra Holdings Limited, a leading contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, announced that its shareholders have approved the resolution on the proposed consolidation of its offshore support services division, EMAS Marine, with its associated company,
Apache North Sea Becomes 300th Member of Subsea UK
The organisation representing the UK’s £9 billion subsea industry has reached a major milestone with its 300th member. Independent oil and gas operator, Apache North Sea, has joined Subsea UK as oil and gas production from subsea wells in the UKCS continues to increase. Apache North Sea is now the 4
Nevsky Shipyard Launches ‘SPASATEL DEMIDOV’ Salvage Vessel
On August 12, 2014, the launching ceremony of the fourth multipurpose salvage vessel “SPASATEL DEMIDOV”, yard number 704, capacity 4 МW, took place at Nevsky Shipyard’s slipway. The construction of the vessel is carried out in accordance with State Contract for the Federal Marine and River Transport
VideoRay Pro 4 ROV Assists ERG in Drowning Victim Recovery in Lake Mead
After only 3 hours of searching, Earth Resource Group (ERG) successfully located a drowning victim using a VideoRay Pro 4 ROV equipped with BlueView imaging sonar. The victim, who went missing on July 22, was found in 340 ft of water (104 m) near Lake Mead’s Boulder Islands in Nevada. The search tea
Pareto JGO Shipbrokers and Derrick Offshore Team Up in Offshore Shipbroking
Pareto JGO Shipbrokers and Derrick Offshore announce a combination which brings together two of the world’s leading shipbrokers in the specialist offshore market. The transaction sees Derrick Offshore being acquired by Pareto JGO Shipbrokers. Derrick Offshore will continue to trade under its current
Badger Explorer Inks Co-operation Agreement with CNPC DR
Badger Explorer ASA (BXPL) has signed a Co-operation Agreement concerning a potential long term agreement with China National Petroleum Corporation Drilling Research Institute (CNPC DR), whereby CNPC DR will become a sponsoring partner in the development of the Badger Explorer autonomous drilling to
Wood Group Releases Half Year Financial Results
Wood Group, an international energy services company with over $7bn sales, released its half year results for the six months ended 30 June 2014. The Group has two reporting segments – Wood Group Engineering and Wood Group PSN – providing a range of engineering, production support and turbine service
Mermaid Makes Organizational Changes Due to Rebranding
Mermaid Maritime Public Company Limited announces an update on the reorganization of subsea business. In line with the rebranding of the Company and the integration all subsea subsidiaries to work under one unified management led by Mr. Paul Whiley, the subsea organization will be geographically sep
CRP Welcomes EPA Clarification on Status of Staff Report
Chatham Rock Phosphate welcomed a clarification issued by the Environmental Protection Authority regarding its staff report issued yesterday. The EPA in its announcement said the process for considering the application was still at an early stage. “Further information on the application and its effe
SeaBird Calls for Amended Loan Agreement to Purchase Hawk Explorer
SeaBird has requested the Nordic Trustee to call for a bondholders’ meeting to amend the loan agreement of SBX03 (ISIN 001 0633118) to permit an extended financial indebtedness to the company. The consent requirement is 50% of the bonds, and the company has received pre-acceptances concerning the pr
Sevan Louisiana Production Suspended Due to BOP Issue
Sevan Louisiana has temporarily halted operations due to a control system leak on the BOP. In order to repair the leak, it was necessary to temporarily suspend the well in a safe manner and recover the upper section of the BOP to the surface. The incident occurred at the beginning of August and will