Subsea
RJE Introduces SEEKER Acoustic Receivers for Subsea Vehicles
RJE International, Inc. is changing the way subsea vehicle navigate with the SEEKER acoustic receivers. A cost effective solution to marking and relocating equipment or sites in deep water environments where only subsea vehicles can operate. The VADR-1000M and the VADR-6000M are unique directional r
TenneT Reports Solid Financial Results
High-voltage transmission grid operator TenneT continued to provide very high system reliability (99.9999%), benefiting 36 million end-users in the Netherlands and Germany. Financial results in the first half of 2014 were solid. Increases in revenue and EBIT kept pace with the company’s ongoing inve
Work on Scottish Subsea Link Moves Forward
The UK’s most challenging rural broadband project is taking another step forward as engineers start work on the country’s longest publicly funded subsea fibre connection linking the Outer Hebrides with the mainland. Local community representatives joined project partners as the cable was brought ash
Western Link Cuts Prysmian’s 2014 Profit Projections
The Board of Directors of Prysmian S.p.A. has approved the Group’s consolidated results for the first half of 2014. Group Sales amounted to €3,287 million compared with €3,504 million in the first half of 2013, posting organic growth of +1.3%, assuming the same group perimeter and excluding metal pr
Ithaca Completes Acquisition of Three UK Producing Oil Fields
Ithaca Energy Inc. reports that, further to the announcement made on 23 June 2014, it has now completed the acquisition of the three UK producing oil field interests from Sumitomo Corporation (“Sumitomo”). Ithaca has acquired Summit Petroleum Limited (“SPL”), a subsidiary company of Sumitomo, which
Akademik Tryoshnikov Begins Kara-Summer 2014 Arctic Field Expedition
The research and development expedition to investigate ice and metocean conditions in the Russian Arctic organized by The Arctic Research and Design Center (the Rosneft and ExxonMobil JV) with the support of Arctic and Antarctic Research Institute experts has started in the White sea. Scientific res
EMGS Secures Multi-Client Job Off Faroe Island
Electromagnetic Geoservices ASA (EMGS) has received an agreement worth $4.3 million for multi-client data offshore the Faroe Island. The agreement includes both late sales of the existing multi-client dataset acquired by EMGS in 2012 (the Brugdan-Rosebank Line) and pre-funding of an extension of the
CGG to Downsize Its Fleet
CGG has announced its non-audited 2014 second quarter results. Reported revenue was at $689 million, compared to $1.032 million same time last year. Restructuring measures implemented in 2014: – Marine fleet reduced to 13 seismic vessels by end 2014. 1 vessel already decommissioned, 1 vessel retired
IHC EB’s Pipe-Lay Tower En Route to Rotterdam
On Thursday, a 45m high pipe-lay tower belonging to IHC Engineering Business (IHC EB) has left the Port of Tyne destined for Rotterdam. The bespoke construction has towered over the Port since November 2013. In a complex operation lasting over 24 hours the tower was loaded aboard the Meri heavy load
Osiris Launches Support Base in Grimsby
Osiris now has the capability to support East coast offshore renewables customers locally through a new shoreside support base in Grimsby. The Port of Grimsby East was chosen due to significant investment made in the area in recent years and the growing presence of renewable energy companies as an a
Plans for Rhiannon Wind Farm Fall Trough
Council Leader, Councillor Ieuan Williams, has expressed disappointment that plans to develop a large scale wind farm off the Anglesey coast will no longer go ahead. The proposed 2.2GW Rhiannon Wind Farm, developed by Celtic Array Ltd. (a joint venture ownership of DONG Energy and Centrica), would h
Circle Oil: No Material Delay Due to Mechanical Issues Off Tunisia
Further to the announcement of 9 June 2014, Circle Oil Plc, the Middle East and Africa focused oil and gas exploration, development and production company, has provided an update on the EMD-1 exploration well, offshore Tunisia. The well was spud on 8 June 2014 and drilled to 753 metres MD after whic
Subsea 7 in Additional $200 Mln Shares Repurchase
Subsea 7 S.A. has announced that the Company’s $200 million share repurchase programme, previously announced on 7 October 2013, has been completed. The cumulative number of shares repurchased as part of this programme was 10,710,315 for a total consideration of $198.8 million. The Company’s Board of
SEKCO Pipeline Hooked Up on Lucius
Enterprise Products Partners L.P. and Genesis Energy, L.P. have announced that their jointly owned crude oil gathering pipeline serving the Lucius production area in southern Keathley Canyon is now mechanically complete and began earning revenues July 1, 2014. Constructed and owned by Southeast Keat