Subsea
Gardline Expands Deepwater Environmental Sampling Capability
Gardline Environmental, a division of Gardline Marine Sciences, have recently expanded their deep water environmental sampling capability with the purchase a 12 barrel Megacore and a 12 bottle Rosette water sampler. The Megacore provides an efficient and effective way of collecting surface seabed sa
Atlantis Resources Secures EC Funding for MeyGen Tidal Energy Project
Atlantis Resources Limited has successfully secured €7.7 million in grant funding from the European Commission’s Seventh Framework Programme for Research and Technological Development. The EC funding will support deployment of multi tidal-turbine arrays at the business’ MeyGen tidal energy site and
Technip to Maintain Same Strategic Directions
Technip’s CEO reviewed the fourth quarter and annual 2013 results as well as what is to come in the years ahead. Thierry Pilenko, Chairman and CEO, commented: “2013 was a year of both achievements and challenges. In Onshore/Offshore, our 2013 operational performance was overall in line with our obje
Helix Releases Fourth Quarter and Full Year 2013 Results
Helix Energy Solutions Group, Inc. reported net income of $36.5 million, or $0.35 per diluted share, for the fourth quarter of 2013 compared to a net loss of $171.6 million, or $(1.64) per diluted share, for the same period in 2012, and net income of $44.6 million, or $0.42 per diluted share, in the
Statoil Concludes Drilling of Wildcat Well 7220/4-1 (Norway)
Statoil Petroleum AS, the operator of production licence 532, is in the process of completing the drilling of wildcat well 7220/4-1. The well has been drilled about 11 kilometres northwest of the 7220/8-1 Johan Castberg discovery in the Barents Sea and about 247 kilometres northwest of Hammerfest. T
Matrix Becomes Exclusive Agent & Distributor for Oil States
Matrix Offshore Services & Engineering (MOSE), a division of the wider Matrix Composites & Engineering (Matrix) Group, entered into an agency agreement with Oil States Industries Inc. for the exclusive distribution of subsea pipeline products in Australia, NZ and PNG. The new agreement broadens MOSE
Subsea 7 Secures Remote Intervention Services Contract from Petrobras
Subsea 7’s i-Tech division secured two awards by Petrobras for remote intervention services with a combined value in excess of US $90 million. The contract scope is for the provision of two Remotely Operated Vehicles (ROVs) and underwater positioning services onboard two ROV Support Vessels (RSVs),
Romica Engineering Supplies Winches to James Fisher Offshore
Romica Engineering Ltd (REL) have signed an agreement with James Fisher Offshore to provide some 14 winches of various sizes (50Te, 30Te and 15Te line pull) adding to Fisher’s rental fleet. This supports Fisher Offshore’s expansion of rental operations within the Asia Pacific region from their base
CAMAC Energy Secures Armada Perdana FPSO Contract
CAMAC Energy Inc. has signed a long-term contract for the floating, production, storage, and offloading vessel (“FPSO”) Armada Perdana. The contract provides for an initial term of five years beginning January 1, 2014, with an automatic extension for an additional two years unless terminated by CAMA
Det norske Presents Q4 2013 Results and Future Plans
Det norske oljeselskap ASA delivers a good fourth quarter with the development of the Ivar Aasen field progressing according to plan and the partners agreeing on a development concept for the Johan Sverdrup field. The development of the Ivar Aasen field, where the operator Det norske holds a 35 per
Great Start of 2014 for Stone Energy with Amethyst and Tomcat Discoveries
Stone Energy Corporation announced exploration discoveries at its deep water Amethyst and deep gas Tomcat prospects. Stone operates and owns a 100 percent working interest in both discoveries. The deep water Amethyst exploration well in Mississippi Canyon block 26 encountered approximately 90 feet o
Bumi Armada Lays Foundation for Future Growth in 2014
Malaysia-based international offshore oilfield services provider Bumi Armada Berhad released its financial results for the year ended 31 December 2013. Net profit for the year increased by RM45.4 million to RM431.2 million from the RM385.8 million recorded in the previous year. Bumi Armada also post
Grid and Market Integration Crucial for Europe’s Renewable Energy
IEA executive director Maria van der Hoeven recently pointed out the importance of Europe’s investment in grid and market integration if it wants to remain at the top of renewable energy business. She will speak further at the opening of the EWEA 2014 Annual Event on 10-13 March, which will focus on
Chariot Oil & Gas Appoints New Non-Executive Directors
Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, appoints William Trojan and David Bodecott as Independent Non-Executive Directors, effective immediately. William (“Bill”) Trojan has over 36 years of industry experience, having spent almost 20 years at Shell i