DOF Subsea AS is contemplating the issuance of new unsecured bonds in the Norwegian bond market with maturity in April 2016. The contemplated bond issue will have a minimum issue amount of NOK 500 million. Net proceeds from the contemplated bond issue will be used to refinance existing bonds and for
A Korean research vessel will carry out scientific studies on seabed minerals in Tongan waters over the next several months… (scoop) [mappress] Source:scoop , April 12, 2011;
Statoil has submitted a plan for development and operation (PDO) for the Vigdis North-East development in the North Sea to the Norwegian Ministry of Petroleum and Energy. Production start is scheduled for December 2012. This is the second fast-track development plan submitted to the Norwegian Minist
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, has signed an agreement with BG Egypt, a division of BG Group plc , a leading oil and gas operator in the global energy market, to supply
Polarcus Limited announces that the Company has today received a Statement of Qualification from Det Norske Veritas (DNV) to qualify Polarcus’ Arctic operating procedures according to industry best practice and relevant standards. The Statement of Qualification was presented to Polarcus at the 7th A
Wood Group Kenny announces the launch of two new joint industry technology initiatives, SURF IM and SLARP, valued at US$1m, which are considered critical for the future operation of subsea systems, particularly for deepwater and long-tieback locations. Wood Group Kenny has been proactive in proposin
SBM Offshore has awarded a contract to Keppel Singmarine in Singapore for the detailed design and construction of a multi-purpose Diving Support & Construction Vessel (DSCV). This investment is an important element of the Company’s strategy to grow offshore contracting activities within the Turnkey
Statnett together with the UK system operator National Grid plans to establish a subsea HVDC power link between Norway and England. The landing point for the project is Kvilldal, close to the largest power plant in Norway. The project could be completed between 2017 and 2020, and would become the wo
Statoil has received consent to use the Island Wellserver mobile facility for well intervention activities on Troll Oseberg Gass Injection (TOGI). In addition to the fields included in previous consents a need has arisen to carry out minor well intervention work on TOGI. The objective of the activit
Polarcus Limited announces that the Company intends to issue USD 125 million in principal amount of Senior Secured Convertible Bonds with a five-year tenure. The purpose of the Bonds is to finance the acquisition and completion of POLARCUS SELMA, an ultra-modern and Arctic-ready 8 streamer 3D seismi
Gulf Bridge International (GBI), the Middle East’s first privately owned submarine cable operator, and Qtel, one of the region’s leading telecommunications companies, announced the landing of the GBI cable in Qatar, which will connect to the new purpose-built Qtel landing station. This is second of
Applanix announced the release of POS MV™ V5 (Position and Orientation System for Marine Vessels), the next generation of its industry leading georeferencing and motion compensation system for hydrographic surveying. The system is available in three performance levels—POS MV WaveMaster, POS MV 320 a
Transocean Ltd. announced that the ultra-deepwater drillship Dhirubhai Deepwater KG2 has set what the company believes is a world record for the deepest water depth by an offshore drilling rig of 10,194 feet of water while working for Reliance Industries offshore India. The rig, which is owned by a
LUX Assure, a research and development company specialising in chemical monitoring technologies for the oil and gas industry, has appointed Laurence Ormerod as chairman further strengthening the firm’s focus on the global oil and gas sector. With 30 years experience in the oil and gas industry, Mr O
