ABB, the leading power and automation technology group, has received an order worth around $10 million, from Landsnet, the Icelandic transmission system operator, to supply a high-voltage submarine and underground power-cable system that will transport electricity from the mainland to the volcanic i
“Despite the rapid pace of growth in onshore oil production in North America, offshore oil production will account for 30% of the growth in global oil production capacity of 9.3 mb/d between 2011 and 2017”, said Michael Cohen (Senior Oil Market Analyst at the International Energy Agency) during his
Multibeam sonar manufacturer WASSP Ltd has announced details of the company’s latest range of multibeam sonar’s, now for all commercial applications. The company has been extremely successful in the commercial fishing sector with more than 550 units sold. WASSP Ltd parent company, ENL Group has inve
Hydratight, the global joint integrity specialist has announced it is to attend the upcoming Subsea Tieback Forum and Exhibition 2013. The exhibition, which takes place at the Henry B. Gonzalez Convention Center, in San Antonio from 5-7th March 2013, will be hosted by Offshore Magazine. The event is
Electromagnetic Geoservices ASA (EMGS) announces that it has secured multi-client late sales worth approximately USD 10 million. These sales stem from a combination of the company’s 3D EM data library in Brazil, the Norwegian Sea and the Barents Sea. The revenues will be recognized in the first quar
The Engineer Research and Development Center’s Field Research Facility (FRF) in Duck, N.C., recently hosted Resolute Marine Energy for a full-scale test and evaluation of their surge wave energy converter (WEC). Resolute Marine Energy is a Boston, Mass.-based company developing technologies that pro
PGS completed its 6th MC3D survey offshore Lebanon on February 19. The 2,200 sq km PGS MC3D LEB2013 survey will be available for the upcoming license round. The survey, acquired in cooperation with the Lebanese Ministry of Energy and Water, is the first 3D to be acquired in Lebanon using GeoStreamer
CGG announced its non-audited fourth quarter 2012 and full year consolidated results. The fourth quarter and full year 2012 results are presented before the $(48) million impact of non-recurring items related to the acquisition of the Fugro Geoscience Division. 2012 Key Figures: – 2012 Revenue at $3
Royal Dutch Shell plc (“Shell”) announced it will pause its exploration drilling activity for 2013 in Alaska’s Beaufort and Chukchi Seas to prepare equipment and plans for a resumption of activity at a later stage. “We’ve made progress in Alaska, but this is a long-term programme that we are pursuin
Cal Dive International, Inc. generated a fourth quarter 2012 loss of $4.4 million, or $0.05 per diluted share, excluding a $4.0 million after-tax non-cash charge related to the marked-to-market adjustment of the derivative liability for the Company’s convertible debt, a $4.1 million after-tax non-ca
INPEX CORPORATION (INPEX) announces that the INPEX-led Ichthys LNG Project has completed insurance arrangements for project facilities related to the Ichthys LNG project during the construction period prior to the production start-up scheduled by the end of 2016. These insurance policies provide cov
Medium voltage cables are successively being installed at the Global Tech I offshore wind farm where 17 foundations were already installed. 80 wind turbines will be connected with the submarine power cables to the transformer station. A special cable-laying vessel CS Sovereign is performing the layi
InterMoor, an Acteon company, has completed an installation and recovery project for Apache Deepwater LLC (Apache) in Mississippi Canyon Block 148, Well 5 in the Gulf of Mexico. The work scope included the overboard, wet transfer, deployment and recovery of a 30-ton interchangeable riserless interve
A new and innovative mooring line monitoring technology, the Inter-M Pulse connects mooring chains together and will monitor and track the in situ tension for each mooring line and transmit the tension data acoustically to the top side control room interface. The Inter-M Pulse is the latest technolo
