Otto Energy Ltd , the 33%-owner and operator of the producing Galoc oil field joint venture offshore the Philippines, has provided the following update in relation to the Galoc Phase II development. Execution of Financing Facility Agreement Otto has entered into a binding agreement with BNP Paribas
SeeByte, the global leader in creating smart software for unmanned maritime systems, and Bluefin Robotics, the leading provider of Autonomous Underwater Vehicle (AUV) solutions, have announced their collaboration to provide enhanced software solutions for deepwater export pipeline inspections. The c
Prosafe and BP Norge AS have agreed to extend the Safe Scandinavia’s operations at Valhall in the Norwegian part of North sea until 31st January 2013. In addition, Prosafe has granted BP Norge AS an additional one-month option. The value of the one-month contract extension is approximately USD 9.3 m
Dennis Breugelmans has been appointed Managing Director of Wind Towers (Scotland) Ltd, with effect from 1 January 2013. Wind Towers (Scotland) Ltd is a Campbeltown based wind tower turbine manufacturing and assembly plant. It is one of only two companies in the UK producing wind towers and is curren
Olympic has declared an option for delivery of another subsea support and construction vessel at Kleven Maritime. Olympic Shipping stays with local suppliers as the company once more enters into a shipbuilding contract with Kleven for the delivery of one subsea construction vessel of the MT 6022 MK
Norway’s TGS announces that it has signed a Letter of Intent with France-based CGGVeritas Services S.A. to charter a 12 streamer vessel, for 3D multi-client projects in Europe during the 2013 summer season. The charter will begin in April and last for approximately six months. The details of the ind
Tsakos Energy Navigation Limited one of the largest independent ice-class owners in the world with 21 out of 51 vessels with ice-class capabilities yesterday announced six-month time charters for three ice class tankers to a global energy end-user at rates that reflect currently available market pre
Oceana, the largest ocean conservation organisation, has explored a number of undersea mountains in the Atlantic and Mediterranean using the small, deep-swimming Falcon DR ROV. They recorded many species and habitats needing protection and conservation with the 1000 metre-rated Saab Seaeye ROV – fro
Brenham Oil & Gas Corp., a subsidiary of American International Industries, Inc., announced that it has executed a Production Sharing Contract with the Government of Equatorial Guinea in West Africa. Pursuant to the terms of the Agreement, Brenham received a 15% participating interest in newly-creat
Aker Solutions has won a contract to supply a complete drilling equipment package for a deepwater drillship Jurong Shipyard is building for the Brazilian market. The contract value is undisclosed. On 27 August 2012 Aker Solutions announced a contract to supply six drilling equipment packages to Juro
Gazprom Geologorazvedka and Schlumberger Russia and Central Asia (RCA) signed a technology cooperation framework agreement under the chairmanship of Vsevolod Cherepanov, member of the management committee, head of the Gas, Gas Condensate and Oil Production Department, Gazprom. The agreement was sign
Boskalis has today submitted an increased offer for all the issued and outstanding ordinary shares (the Shares) of Dockwise. The offer stands at EUR 18.50 per share which is an increase of 50 euro cents relative to the offer made on December 17. The offer values Dockwise at EUR 733 million with an e
With reference to the press release of 26 November 2012 (the Initial Announcement) and subsequent release on 17 December 2012, in which Boskalis announced its intention to make an offer for Dockwise, Boskalis today confirms it is making an all cash voluntary public offer (through its wholly owned su
Electromagnetic Geoservices ASA (EMGS) today signed a three-year global frame agreement with Shell International Exploration & Production B.V. (Shell) for the provision of 3D electromagnetic (EM) services. Roar Bekker, EMGS chief executive officer, commented: “We are pleased to enter into this agree
