Subsea
Boskalis H1 Profit Takes Off
Royal Boskalis Westminster N.V. (Boskalis) realized a net profit of EUR 253 million in the first half of 2014 (H1 2013: EUR 123 million). Revenue rose 21% in the first half of the year to EUR 1.5 billion (H1 2013: EUR 1.3 billion). Organic revenue growth was 13.4%. EBITDA amounted to EUR 466 million
Fastnet Improves Terms of ‘Deep Kinsale Prospect’ Farm-In
Fastnet, the UK and Irish listed E&P company focussed on near-term exploration and appraisal acreage in Morocco and the Celtic Sea, has announced that it has entered into an amended exclusive option agreement with PSE Kinsale Energy Limited, a wholly owned subsidiary of PETRONAS, in relation to the
North Energy, Noreco in Licence Swap
North Energy ASA and Noreco Norway AS have entered into an agreement on swapping interests in production licences. These transactions mean that North Energy acquires 15 per cent of PL 484 in the Norwegian Sea and transfers a 10 per cent holding in PL 616 in the North Sea to Noreco. PL 484 contains s
Hallin Backs BBAUV Team on RoboSub 2014
Hallin-sponsored BumbleBee Autonomous Underwater Vehicle has achieved fifth place out of 39 contesting teams at 17th Annual International RoboSub 2014, at the SSC Pacific TRANSDEC, a 6 million gallon man-made pool in San Diego, California. “We came first in the Singapore AUV Challenge earlier this y
Aquatic Relocates Regional HQ to Singapore
Aquatic Asia Pacific Pte Ltd, an Acteon company and a subsidiary of Aquatic Engineering & Construction Ltd, has relocated its regional headquarters. The new office suite is part of the existing operations base on the east coast of Singapore, where all Asia-based Aquatic equipment is stored and mobil
Dolphin Extends Stay in South America
Dolphin has been awarded a contract extension of approximately 50 days on an ongoing 3D seismic project in South America. Andy Phipps, President Dolphin Western Hemisphere, commented: “We are very pleased that, our good performance in South America this year is providing us with additional opportuni
Tullow Oil Hires Zenith Energy for Well Engineering
Zenith Energy, an Aberdeen-based well company, has agreed a three-year non-exclusive deal with London based, Tullow Oil. Zenith Energy will provide a variety of well engineering services for Tullow Oil on an ad-hoc basis. Tullow Oil has over 140 exploration and production licences across 24 countrie
Heerema Puts 2H Offshore in Charge of Kaombo Risers
2H Offshore, an Acteon company, has been appointed by Heerema Marine Contractors (HMC) to engineer hybrid risers for Total’s Kaombo Block 32 project. HMC, together with consortium partner Technip, were awarded the contract for the EPCI and pre-commissioning of the SURF scope for the Kaombo developme
SPE Symposium: Linde Expert to Discuss Deep Water EOR
The Linde Group has reported that Kevin Watts, director of Enhanced Oil Recovery Business Development for Linde LLC, will lead a workshop on the potential for enhanced oil recovery techniques in deep water environments at this year’s Society of Petroleum Engineers Symposium on Improved and Enhanced
MacArtney Launches Slip Ring Service (Singapore)
MacArtney has opened a dedicated slip ring service facility in Singapore. Operating out of a new and purpose designed in-house workshop equipped with the latest tools and equipment, the new service facility is capable of performing complete refurbishment, repair and maintenance of all standard Moog
Marin Teknikk to Design Maersk’s Newbuilds
Marin Teknikk has entered into an agreement with the Chinese company Cosco (Dalian) Shipyards Co. Ltd. (CS) about delivery of Design and Engineering for four large Multi-functional Subsea Support vessels plus options for an additional pair of vessels. Ten months ago, Marin Teknikk entered an agreeme
Subsea 7 Wraps Up AIV Mission for Shell
Subsea 7’s Autonomous Inspection Vehicle (AIV) has successfully completed its first test mission in the UK North Sea for Royal Dutch Shell plc. (Shell). A series of field trials were undertaken from Subsea 7 vessel the Normand Subsea for the company’s proprietary AIV technology in July. Graham Sharl
Karoon Completes Browse Basin Interest Sale
Karoon Gas Australia Ltd has received a cash payment of US$600 million as a result of the completion of the sale of its 40 per cent interest in Browse Basin permits, WA-315-P and WA-398-P to Origin Energy Limited. A further reimbursement of back costs associated with the Pharos-1 well will be receiv
Swiber Profit Jumps
Swiber Holdings, a global integrated construction and support services provider to the offshore oil and gas industry, has achieved net profit of US$63 million for the six months ended June 30, 2014, up 68.3% from US$37.4 million in the same period a year ago. This was lifted mainly by higher other o