Subsea
Top News of the Week of Nov 25 – Dec 01, 2013
1. DCN Divers Rescue Survivor from Jascon 4 (Nigeria) On Sunday 26 May, the tugboat Jascon 4 ran into difficulties whilst engaged in static towing operations, capsized and sank with a crew of 12 on board. 2. Ulstein to Build Its Largest Ever Offshore Construction Vessel Edison Chouest Offshore and I
‘Boa Thalassa’ Stays with EMGS Until December 2015
The Charterer EMGS ASA has today declared the second of the originally 3 x 12 months options for the vessel S/V Boa Thalassa, as per Charter Party dated 13.10.2006. The vessel is therefore on firm contract up to 15th of December 2015, with another 1 x 12 months option remaining. Press Release, Novem
AGR Operating Activity High in Q3
AGR Group announced today its financial results for the 3rd quarter 2013. The company experienced a high operational activity level and a significant increase in EBITDA from NOK 30 million in Q3 2012 to NOK 69 million in Q3 2013. For the year to date, the reported EBITDA increased from NOK 87 mio in
OMM Secures EPIC Submarine Cable Project with Grupo Saesa in Chile
Offshore Marine Management (OMM) has been awarded a multi-million dollar EPIC (Engineering Procure Install and Commission) project by Chilean electrical company Grupo Saesa, to install a submarine cable which will join the island of Huar, in the Los Lagos region of Chile, to the Central Interconnect
Dana Petroleum Chief Executive Steps Down
After three very successful years leading Dana Petroleum, Dr Marcus Richards has decided to step down as Group Chief Executive. Dr Richards joined the company following its takeover by the Korea National Oil Corporation in late 2010, transforming it from an investor-led business into a fully-fledged
UKMO Gets More AXYS Watchman Systems
Planet Ocean has provided several more AXYS Watchman (WM-500) data acquisition and telemetry systems to the UK Met office (UKMO) this year. The WM-500 can be configured to control a large variety of sensors providing data manipulation, logging and have the ability to interface with a variety of comm
Aibel Wins Ivar Aasen Hook-Up Contract
Today Aibel has been awarded the contract for the hook-up of the Ivar Aasen platform. In addition, Det norske, as operator for the Ivar Aasen development, intends to award Aibel the contract for maintenance and modification tasks and operational support for Ivar Aasen. The combined value is approx.
Vard to Build Advanced Offshore Support Vessel for Island Offshore
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, announces that it has secured a new contract with Island Offshore for the construction of one advanced offshore support vessel. The value of the contract amounts to approximately N
Barakah Gets LoA for Kebabangan Northern Hub Development Project
Barakah Offshore Petroleum Berhad (“Barakah”) announces that its wholly-owned subsidiary company, PBJV Group Sdn Bhd, has received a letter of award from Kebabangan Petroleum Operating Company Sdn Bhd (“KPOC”). The contract covers the provision of dewatering, drying and dry preservation of 14” and 2
EV Launches New Well Intervention Technology
EV, a specialist in downhole video technology, has launched its Optis HD Electric line camera to the well intervention market, which can provide vital well diagnosis saving time and reducing risk. The revolutionary new technology, which spent three years in development, allows operators to stream co
Fincantieri to Build an Oceanographic Icebreaker
In the presence of the Norwegian Minister of Fisheries and Coastal Affairs Elisabeth Aspaker, Fincantieri, one of the world leading shipbuilding companies, and the Institute of Marine Research (IMR), the Norwegian governmental body for oceanographic research and fishing, signed a contract today in O
Philippines: Subsea Installation Activities of Galoc Phase II Near Completion
Nido Petroleum Limited (“Nido” or the “Company”) advises that Phase II operations are progressing well and that subsea installation activities to connect the Galoc 5-H and Galoc 6-H wells into the FPSO Rubicon Intrepid are nearing completion. The Operator, Galoc Production Company WLL, expects that
PSE-Polnoc Invites Tenders for Subsea Cable Inspection Services
Polskie Sieci Elektroenergetyczne – Północ S.A. announces tender invitation for subsea cable inspection services with the deadline for submission on January 21, 2014. The contract covers inspections and analysis of the maritime route Poland – Sweden (Polish segment) cables and HVDC MCRC. The ccope o
Subsea 7 Announces Share Repurchase
Subsea 7 S.A. announced that on November 28 2013 the Company purchased 150,000 of its shares at an average price of NOK 119.62 per share. This represents approximately 0.04% of the Company’s issued share capital. The shares were purchased in accordance with the Company’s share repurchase programme p