Subsea
Faroe Petroleum Acquires Remaining Interest in Lowlander Discovery (UK)
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that it has acquired the remaining 50 per cent interest in the Lowlander oil discovery in the UK Central North
Sterling Energy Provides Update on Ambilobe and Ampasindava Blocks (Madagascar)
Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company, provides an update on activities in its Ambilobe and Ampasindava Blocks, located offshore Madagascar. A 1,363 km 2D seismic programme is currently in progress on the Ampasindava Block. The programme is desi
EMGS Revenues Drop in Third Quarter 2013
Electromagnetic Geoservices ASA’s (EMGS) reported revenues of USD 23.6 million in the third quarter 2013, down from USD 44.4 million in the previous quarter and from USD 43.2 million in the third quarter last year. Contract sales totalled USD 21.5 million, while multi-client sales came in at USD 2.1
Wood Group Continues to Invest in Arctic Technology Development
Wood Group has renewed its sponsorship of the Wood Group Chair of Arctic and Harsh Environment Engineering at Memorial University of Newfoundland (MUN) for a second five-year term, from 2014 to 2019. The research chair in the Faculty of Engineering and Applied Science will benefit both undergraduate
Unison’s Machines Reduce FMC Technologies’ Build Times
All-electric tube bending machines from Unison are helping FMC Technologies – the leading supplier of subsea tree hydraulic control systems for wellheads – to substantially reduce build times and multiply its manufacturing capacity. Six sites worldwide now use Unison tube bending machines in a new p
Aquatic Receives IACCM Innovation Award
Aquatic Engineering & Construction Ltd, an Acteon company, was a runner-up in the Strategic Direction category at the prestigious IACCM 2013 Innovation Awards in Phoenix, Ariz., in October. This is the second year that the International Association for Contract and Commercial Management (IACCM) has
Seaborn Networks Obtains “Promise of Guarantee” Credit Facility for Seabras-1 Subsea Cable
Seaborn Networks, a subsea cable operator, obtained a “Promise of Guarantee” credit facility from a French export credit agency Coface for the funding of its submarine cable linking US and Brazil. As Light Reading reports, Seaborn Networks intents to have Seabras-1 submarine cable ready in 2015. Sea
Subsea UK’s Toolkit to Increase Industry Workforce
Subsea UK has developed a “toolkit” to help companies grow their own talent as the industry faces a massive shortfall of people. The industry body, which represents the £8.9 billion subsea sector, revealed that British subsea companies need around 16,000 to help them grow to £11 billion and increase
Singapore: Swiber Continues to Make Steady Progress
Swiber Holdings Limited (“Swiber” or together with its subsidiaries, the “Group”), a world class integrated construction and support services provider to the offshore oil and gas industry, reported that net profit for the three months ended September 30, 2013 (“3Q2013”) jumped 15.4% to US$14.5 milli
Acteon Companies among Houston Chronicle’s Top Workplaces
Acteon companies, 2H Offshore and InterMoor, announces that they have both been selected as one of the Houston Chronicle’s Top Workplaces; a list of the best companies to work for in the Houston metro area. The Top Workplaces are determined based solely on employee feedback. The employee survey is c
Bibby Offshore Adds CSV Olympic ARES to Its Fleet
Aberdeen-based subsea installation contractor Bibby Offshore has signed a charter agreement for construction support vessel (CSV), the Olympic ARES. The agreement with Olympic Shipping will initially be a seasonal charter beginning at the end of Q1 2014 with options to extend. The vessel will be mob
Stork, Oryx Form JV to Serve MENA Market
Stork Technical Services (“Stork”), a global provider of knowledge based asset integrity services for the oil & gas, power & chemical utility sectors and Oryx Energy Products & Services LLC (“Oryx”), a service provider for the oil & gas, petrochemical and utility sectors based in Qatar, are establis
Successful Appraisal at Mzia-3 Well (Tanzania)
Ophir Energy plc announces further successful appraisal of the Mzia discovery in Block 1, Tanzania. Ophir holds 40% of Blocks 1, 3 and 4. BG Group operates with 60%. The Mzia-3 appraisal well was drilled approximately 6km north of the original Mzia-1 discovery well and targeted the main Lower sands
Deep Green Produces Electricity Off Ireland
The Deep Green ‘underwater kite’ marine power plant is now producing electricity in the waters off Northern Ireland. This is the first time ever a marine power plant designed for low velocity currents produces electricity at sea, anywhere in the world, and the ocean trials verify the ability to unlo