Subsea
Alu-Logic Delivers Aluminium Boxes and Containers for Offshore Industry
There is increasing scientific evidence that human activity is negatively impacting the environment. The political climate also is changing. ln addition, how companies view environmental issues is emerging as a component of a healthy “bottom line”. Slowly, but with ever-increasing momentum, companie
BW Offshore Secures USD 800 Mln Loan for Catcher FPSO
BW Offshore has signed the facility documentation for the new USD 800 million ten year senior secured credit facility for the Catcher FPSO project. The facility is a combined construction and long term financing facility. The credit facility was substantially oversubscribed by a group of 13 leading
Vantage Drilling Q2 Profit Up
Vantage Drilling Company has reported net income for the three months ended June 30, 2014 of $15.1 million or $0.05 per diluted share, excluding charges for the early retirement of debt and a revision to the tax provision, as compared to earnings of $4.2 million or $0.01 per diluted share for the th
STATS Launches Support and Intervention Hub (UK)
STATS Group has opened a new Intervention Engineering and Technical Support hub and recruited two of the energy industry’s leading experts in pipeline intervention services. The Aberdeenshire-headquartered pipeline engineering specialist has invested in a new facility in Kendal, Cumbria, (UK) which
Scientists Map Gulf of Mexico Dead Zone
NOAA and EPA supported scientists have mapped the Gulf of Mexico dead zone, an area with low oxygen water, measuring 5,052 square miles this summer, approximately the size of Connecticut. The measurements were taken during the 30th annual hypoxia survey cruise from July 27 to August 2. This area fal
DNV GL Offshore Safety Training in Manchester
DNV GL, the global provider of risk management services, is extending a unique offshore safety training programme which aims to advance the critical role of elected safety representatives (ESRs) in minimising the risk of accidents and improving safety. The course, which is accredited by OPITO, will
Dragon Oil Records 20 Percent Rise in 1H
Dragon Oil has reported operating profits of $388.5 million for the six months to the end of June, 20% up on last time. Revenues were 11% higher at $547.0 million and profit for the period rose by 20% to $289.0m. Average gross production rate was approximately 73,440 barrels of oil per day compared
Maritime Autonomous Systems Secure USD 15 Mln Funding
The Ministry of Defence through the Defence Science and Technology Laboratory and in partnership with a number of associations and industry bodies is making funding available through four initiatives each addressing different areas of maritime autonomy. Autonomy in Maritime Unmanned Vehicles offers
Chatham Rock Phosphate Reduces Application Area
Chatham Rock Phosphate has advised the Environmental Protection Authority that it will remove the eastern end of application area covered by prospecting permit 55967, comprising 4,985 km2 and representing about half the total, so the area for which marine consent is being applied now totals 5,207 km
Subsea Engineering Gets New President
Subsea Engineering, Inc. has announced that Houston based oil and gas investor Lance Patrick has joined the company as President. In this role, he will oversee all company operations effective immediately, and will report directly to the Board of Directors. “Mr. Patrick’s family has been highly succ
McDermott Cuts Losses
McDermott International, Inc. has reported a second quarter 2014 net loss of $11 million or $0.05 per fully diluted share, compared to a net loss of $149 million or $0.63 per diluted share in the prior-year quarter. Weighted average common shares outstanding on a fully diluted basis were approximate
TDW Isolation Tools Provide Safety for Subsea Ops
TDW has developed a custom solution that provides the dive specialist with a safe, reliable method of isolating the riser and platform from the section that was to be prepared for the wye installation. When a commercial diving and marine services company began planning the installation of a piggable
Songa Offshore Keeps Up Productivity
Songa Offshore SE, an international offshore drilling contractor, has delivered its operational update. Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 99% during the month working for Statoil in Norway. Songa Delta achieved an operational efficiency of 100% and an
EMAS Lands USD 110 Mln in Contracts
Ezra Holdings Limited, a contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that its Subsea Services division, EMAS AMC, has been awarded several projects around the world worth close to US$110 million, including options. The scope of work for the p