Subsea
Vantage Drilling on Track to Reach Its Goal for 2014
Vantage Drilling Company reports net income for the three months ended March 31, 2014 of $24.8 million or $0.07 per diluted share as compared to a net loss of $24.9 million or ($0.08) per diluted share excluding approximately $98.3 million of charges for the early retirement of debt, for the three m
Senergy S&G Wins Construction Support Contract for Cygnus Project
Senergy’s Survey & GeoEngineering (Senergy S&G) group has been awarded a major contract to support GDF SUEZ E&P UK Ltd (GDF SUEZ) in the forthcoming offshore construction phases of its major Cygnus gas project. Senergy S&G has provided survey project management and geosciences engineering consultanc
IMCA Announces Guidance on Hyperbaric Reception Facility
The safety of divers in saturation is of paramount importance. With this in mind, the International Marine Contractors Association (IMCA) – Booth S18 at OTC 2014 – has published ‘Diving Equipment Systems Inspection Guidance Note (DESIGN) for the hyperbaric reception facility (HRF) forming part of a
JDR Expands with Opening of New Facility in Brazil
JDR, a provider of technology connecting the offshore energy industry, is increasing its global footprint with the opening of a new service and maintenance facility in Brazil. The JDR facility will be the latest addition to the bustling port city of Macaé when it opens for business in Q3 of 2014. Th
IMCA Updates Its Diving Guidance
The International Marine Contractors Association (IMCA) has published the ‘International Code of Practice for Offshore Diving’ (IMCA D 014), one of the key guidance documents for contractors and clients. It provides advice on ways in which offshore diving operations can be carried out safely and eff
Havyard Sells 25 Pct Stake in Forland Subsea AS
Havyard Ship Invest AS have entered into an agreement with Forland Shipping on May 06, 2014 to sell Havyard’s 25% stake in Forland Subsea AS. Forland Subsea AS is the shipowning company for the subsea construction vessel “Lewek Inspector”. The MV Lewek Inspector was built in 2013, delivered to Forla
NSW Minister Announces Location for New Artificial Reef (Australia)
Shoalhaven is set to become the State’s latest recreational fishing hotspot, with the final location for the South Coast’s first offshore artificial reef unveiled by the NSW Minister for Primary Industries, Katrina Hodgkinson, and Member for Kiama, Gareth Ward. Hodgkinson said the South Coast artifi
Diver Dies in Sewol Ferry Search Operation (South Korea)
A civilian diver has died during the search for missing people in the sunken Sewol ferry offshore South Korea. The 53-year-old diver lost communication with his fellow divers 5 minutes after diving into waters 25 meters deep, CNN reports. The diver, known by his surname Lee, was on his first search
Cargotec Secures Loan to Finance Purchase of Aker Solution’s Mooring and Loading Systems
Cargotec Corporation and Nordic Investment Bank have signed an eight-year loan agreement totaling EUR 50 million for financing the acquisition of Aker Solution’s mooring and loading systems unit finalised at the end of January 2014. The division employs about 370 people in Europe, Asia and the Ameri
ASV Growth Continues with USA Campaign
Autonomous Surface Vehicles (ASV) Ltd has announced the company’s plans to break into the North American Unmanned Marine Systems industry. The move comes as the result of unprecedented success in the European and Asian markets where ASV has established itself as the lead Unmanned Surface Vehicle (US
AWE: Pateke-4H Pre-Completion Well Costs Increase
AWE Limited has reported that the Pateke-4H development well was at a total measured depth of 4,772m, including a 749m horizontal section through the reservoir. The total depth was revised from the original 5,381m target due to the high quality of the reservoir encountered and to ensure a stable wel
Fastnet Finds No Comercial Oil in FA-1 Well (Morocco)
Fastnet Oil & Gas Plc has reported that the FA-1 well in the Foum Assaka Offshore block has reached a total depth of 3,830 meters and will be plugged and abandoned after failing to encounter commercial hydrocarbons. The well, which is the first in a series of play-opening wells designed to unlock th
Fehmarnbelt Tunnel Application Documents Become Public
Detailed application plans for the Fehmarnbelt fixed link have been put on display to the German public by the authorities in Schleswig-Holstein. As is the practice in Demark, the German regulatory approval process for the Fehmarnbelt project is conducted in full transparency and dialogue with all s
BGP Challenger Completes 2D Survey for Spectrum Off Namibia
BGP informed that BGP Challenger vessel has successfully completed a 2D survey for Spectrum offshore Namibia with 123km average daily production and zero downtime. The high quality seismic data was provided to Spectrum. Howard Nicholls, Geophysical Advisor of Spectrum, said: “Thank you from me for a