Cairn announces that it has entered into a farm in agreement with Chariot Oil & Gas Investments (Mauritania) Limited, a wholly owned subsidiary of Chariot Oil & Gas Limited (Chariot) for a 35% non-operated interest in an exploration block offshore Mauritania in West Africa. The block (C19), which is
Incat Crowther has been contracted to design a trio of 42.5m Monohull Dive Support Vessels. The design is an innovative new concept borne of the latest ideas from designer, builder and operator. The design has been developed from stem to stern to be a dedicated DP-2 capable Dive Support Vessel, feat
SBM Offshore has made good operational progress, with underlying financial results ahead of the expectations. The Company continues to be on track in resolving its legacy issues. Directional Backlog reached a record level of US$22.4 billion including contracts for FPSOs Cidade de Maricá and Cidade d
The Institute of Oceanology Chinese Academy of Sciences (IOCAS), Qingdao, has just taken delivery of a Chelsea SeaSoar towed oceanographic system. The sale has been facilitated through Chelsea’s agents China ORES Co Ltd. The purchase of the SeaSoar system satisfy the requirement of the IOCAS for a l
Karoon Gas Australia Ltd recently announced the launch of an underwritten placement to raise approximately A$150 million at an offer price of A$5.10 (“Placement”). The offer price represents an 8.9% discount to the last trading price of A$5.60 on 6 August 2013. The proposed placement will strengthen
Norwegian scientists are exploring new ways to protect seafloor volcanic vents that are rich with new species. Loki’s Castle hydrothermal vents were discovered on the Mid-Atlantic Ridge between Norway and Greenland in 2008. The five seafloor vents are home for many species with 20 new found during a
At yesterday’s opening ceremony, the joint venture partners RWE Innogy and SSE inaugurated the power plant together with Michael Fallon, Minister of State for Energy. Greater Gabbard is one of the largest wind farms in the UK with 140 wind turbines in water depths between 24 and 34 metres and with a
EMAS AMC, the Subsea Services division of Ezra Holdings Limited, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, announced that it has been awarded a major contract by Houston based VAALCO Gabon (Etame) Inc. for the expansion of t
Petroleum Geo-Services (PGS), within the framework of an international scientific program, has acquired 8,840 line km of 2D data in the Russian Barents Sea and Kara Sea. The 2D survey, conducted in partnership with Geology Without Limits, began in 2012, using the vessel Akademik Lazarev. This scient
Reference is made to the stock exchange notice from AGR Group ASA (“AGR Group”) of 6 August 2013 regarding consummation of the demerger of AGR Group’s two business areas, the Petroleum Services business and Drilling Services business, by spinning off the Drilling Services business into a new non-lis
Hydro Group Plc, a global design and manufacturer of underwater cables and connectors for subsea, underwater, topside and onshore applications, has announced plans for further investment in South East Asia and the appointment of a technical support supervisor to aid growth in the region. Earlier thi
On 23 August 2013, when the recently signed ten-year extension comes into effect, Fugro will enter the fourth decade of the successful joint venture with China Oilfield Services Ltd (COSL). The joint venture, named China Offshore Fugro Geosolutions (COFG) in which Fugro holds 50%, has been operating
Passive acoustic monitoring of marine mammals is a growing research theme on both the VENUS and NEPTUNE observatories. U Vic Co-op student Kristen Kanes works with the Ocean Networks Canada Centre for Enterprise and Engagement (ONCCEE) to process passive acoustic data from their technology demonstra
Det norske oljeselskap ASA has as a 20 per cent partner in PL 265, made a small oil discovery in exploration well 16/2-18S, drilled on the Cliffhanger North prospect west of the main bounding fault for the Johan Sverdrup discovery. Exploration well 16/2-18S was operated by Statoil and is located wes
