Vessel utilization is defined as the percentage of the full quarter where the vessel is in paid work either in the form of acquisition, mobilization, demobilization, steaming, standby or other. The vessel utilization for the 9 seismic vessels operated by SeaBird for Q4 2010 was 51%, down from 76% in
Aberdeen-based specialist subsea service company DOF Subsea UK has secured a contract with Technip. The award is for the provision of a Light Construction Vessel in the North Sea and is worth approximately £8 million. The work is scheduled to start in Q2 2011, and to take place in 2011 and 2012 usin
The Al Sahla berthed on Sunday 9th January at National Grid’s LNG importation terminal at the Isle of Grain in Kent. This is Grain’s two hundredth cargo. This brings the amount of energy delivered into the UK gas market through the terminal to almost 18 billion cubic metres, which is sufficient to s
Dredging work is complete and most of the structures are installed as part of the Portland Parks and Recreation Department’s restoration of… By Sue Vorenberg (djcoregon) [mappress] Source: djcoregon, January 11, 2011;
CGGVeritas and BG Group have signed a Technology Cooperation Agreement (TCA) that focuses on the development and deployment of advanced seismic solutions across the E&P workflow. Under the terms of the Agreement, the partners will collaborate on a number of high-end technology projects within BG Gro
Cameroon’s Minister of Economy, Planning and Regional Development, Louis Paul Motaze, is expected to travel to China for negotiations that… (tradingcharts) [mappress] Source: tradingcharts, January 11, 2011;
Pride International, Inc. today announced that its report of drilling rig status and contract information covering the company’s fleet of offshore drilling rigs and its two drilling management projects has been updated through today’s date. The updated report, titled “Monthly Fleet Update,” can be f
MEO Australia Limited provides the following summary in relation to its activities for the quarter ended 31st December 2010. WA-360-P (MEO 25% & Operator, Petrobras 50%, Cue Energy 15%, Moby Oil & Gas 10%) MEO received approximately US$39 million cash consideration comprising US$31.5 million cash bo
Hyundai Heavy Industries, the world’s No.1 shipbuilder, received a letter of award (LOA) on January 11 for a $900 million deal to execute the offshore part of Barzan Gas Project in Qatar. Following the LOA, the official contract will be signed later in January. The project will be located 80 km nort
Roc Oil (Mauritania) Company, a wholly owned subsidiary of ROC, advises that the Maersk Deliverer rig started drilling the Gharabi-1 exploration well at 19:10 hours (Mauritania time) on 7 January 2011. At 06:00 hours on 9 January (Mauritania time) the well was drilling ahead at a measured depth of 2
Hamworthy , a world leader in the design and manufacture of innovative marine and offshore fluid handling systems, announced that it has been awarded a contract from Brazilian shipyard Engevix Construcões Oceânicas S.A. for the supply of cargo pumping systems for eight Floating Production Storage an
* Acquires FUNA International, GmbH, Expanding Marine and Alternative Energy Capabilities * Divests InfraredVision Technology Corporation L-3 Communications (NYSE: LLL) announced today that it acquired FUNA International, GmbH (FUNA) on December 22, 2010. The terms of the transaction were not disclo
MEO Australia Limited provides the following summary in relation to its activities for the quarter ended 31st December 2010. WA-360-P (MEO 25% & Operator, Petrobras 50%, Cue Energy 15%, Moby Oil & Gas 10%) MEO received approximately US$39 million cash consideration comprising US$31.5 million cash bo
Launch ceremony of the 30,000m3 Trailing Suction Hopper dredger CONGO RIVER,is scheduled for Friday, 21 January 2011. The ship is being built for the DEME Group at the IHC Offshore & Marine yard, Schaardijk 24, 2921 LG, Krimpen a/d IJssel, The Netherlands. [mappress] Source: ihcmerwede, January 11,
