SBM Offshore confirms it has been notified by Shell, that in light of unexpected well results, they have decided to reassess the development plan for the Fram oil and gas field in the UK North Sea and not to continue with several key contracts associated with this development including the FPSO. SBM
Kreuz Holdings Limited (“Kreuz” or together with its subsidiaries, the “Group”), an integrated subsea service provider for the oil and gas industry, reported that the Group’s net profit jumped 49.0% to US$39.7 million for the full year ended December 31, 2012 (“FY2012”) as compared to US$26.6 millio
STATS Group has appointed two new directors as part of a strategy to double the size of the business. Carl-Petter Halvorsen has joined the pipeline engineering company as business development director while Dave Shand takes up the newly created post of chief operating officer. The dual appointments
A Brazilian judge dismissed the charges against Chevron Corp, Transocean Ltd and 17 of their employees related to the oil spill in the Brazilian Frade field in November 2011. As Reuters reported, after the claims are discharged, the industry watchers will address the civil case and Chevron administr
EDT Offshore announces the delivery of its first 150 Hp 3,000 meter rated Quasar Mk II ROV System. The Quasar is manufactured by Soil Machine Dynamics (SMD) a well regarded manufacturer of subsea trenching and work class ROV systems. The Quasar MkII builds on the proven design of the MkI system to d
Norway’s role as one of Germany’s most important energy supplier is to be further reinforced, as advocated by Federal Chancellor Angela Merkel during a state visit to Oslo on Wednesday. “It is my firm conviction that Norway will also play a role in future as an important pillar of the German gas sup
WorleyParsons announces an agreement to acquire 100% of the shares of Bergen Group Rosenberg AS (“Rosenberg”) for a cash consideration of NOK 1,088m (including more than NOK 200m of acquired cash). Rosenberg is a wholly-owned subsidiary of Bergen Group ASA, a listed Norwegian company. Completion of
Technip’s Board of Directors on February 19, 2013, approved the audited full year 2012 consolidated financial statements. Operating income of the company was €235 million in fourth quarter 2012, including €3 million of acquisition costs, versus €197 million a year ago. Financial result in fourth qua
A&P Falmouth is part of an exciting new project to design and develop a vessel to make the installation of tidal energy devices easier and more cost effective. The renewable energy project has been awarded a grant of £1.5m by the Technology Strategy Board to design, develop and commission a barge eq
Helix Energy Solutions Group, Inc. reported a net loss of $171.6 million, or $(1.64) per diluted share, for the fourth quarter of 2012 compared with net income of $16.8 million, or $0.16 per diluted share, for the same period in 2011, and net income of $14.9 million, or $0.14 per diluted share, in t
Flexlife, a specialist provider of flexible pipe technologies and engineering services, has seen successful growth at its Newcastle base since opening 18 months ago. The office has grown from three to 24 employees with turnover in excess of £1.5 million. Andy Lake, appointed to head up the office as
Swiber Holdings Limited, a world class integrated construction and support services provider to the offshore industry, announced the successful completion of its first floatover operation with the B-193 Field Development project in India for the country’s national oil company, Oil and Natural Gas Co
Four countries, three continents, eight cities and towns and two islands; this hectic schedule is that of the newly formed USACE Forward Response Dive and Survey Team during its 2012 inaugural season. The team and its members, including Philadelphia District Hydraulic Engineer Steve England, combine
Modus Seabed Intervention, one of North East England’s leading subsea specialist contractors has joined an alliance of organisations, led by environmental group the World Wildlife Fund (WWF), calling on MPs to support a drive towards a near-carbon-free-power sector by 2030. The Darlington-based comp
