TenneT has entered into a partnership with Mitsubishi Corporation by agreeing to sell a 49% equity stake in two German offshore high-voltage cable projects, BorWin1 and BorWin2. Mitsubishi’s aggregate equity commitment will total EUR 240 million. This partnership represents a milestone transaction i
GDF SUEZ continued to report solid results for 2011, with EUR 90.7 billion in revenues, up +7.3% despite highly unfavorable weather conditions and the gas tariff freeze in France. EBITDA grew by +9.5% thanks to the contribution of International Power from February 2011, the commissioning of new asse
GDF SUEZ continued to report solid results for 2011, with EUR 90.7 billion in revenues, up +7.3% despite highly unfavorable weather conditions and the gas tariff freeze in France. EBITDA grew by +9.5% thanks to the contribution of International Power from February 2011, the commissioning of new asse
Forum Energy Technologies, Inc. (FET) has signed a contract with DOF Subsea AS (DOF) under which FET will supply six complete Perry™ XLX Generation 2 (G2) 150 horsepower Remotely Operated Vehicle (ROV) systems including tooling and survey packages. All six systems are scheduled for delivery in 2012.
Sagres Energy Inc., an international oil and gas company with an exploration portfolio in Colombia, Guyana and Jamaica, provides an update on its activities in Jamaica. The company’s subsidiary, Rainville Energy Corporation (“Rainville”), is a party to three production sharing agreements with the Pe
Forum Energy Technologies, Inc. (FET) announces the signing of a contract with DOF Subsea AS (DOF). Under the contract, FET will supply six complete Perry™ XLX Generation 2 (G2) 150 horsepower Remotely Operated Vehicle (ROV) systems including tooling and survey packages. All six systems are schedule
Quantum Energy Partners , has announced the formation of Renaissance Offshore (“Renaissance”) with offshore industry veteran Jeffrey Soine. Supported by a $300 million equity commitment from Quantum, Renaissance will primarily engage in acquiring and redeveloping legacy oil producing properties in t
MV Hai Yang Shi You 720 is the first large deep-water seismic geophysical exploration vessel which is owned by COSL. As the first ship of the latest generation of 3D seismic geophysical exploration ships in Asia, she is the first one which was designed and built by Chinese enterprises, meeting the s
A HULL shipyard is to build and operate a fleet of vessels to serve giant offshore wind farms planned for the North Sea. MMS Ship Repair will both construct and run the boats, which will transfer technicians and equipment to the wind turbines. Capable of carrying 12 passengers, the vessels would be
The industry-led Center for Offshore Safety is working to extend to drilling contractors its safety audit function for U.S. deepwater operators, the organization’s chairman, Charlie Williams, said Tuesday at a Platts Energy Podium. The center, which has contractors such as Transocean, Halliburton an
Teekay Corporation and Konig & Cie announces that Diamond S Shipping Group has joined the Gemini Tankers Suezmax Pool as a full member. The Gemini fleet currently has 17 modern Suezmax vessels. This is expected to grow to 26 vessels by the end of 2012 as vessels redeliver from time-charters and Diam
Seatronics, an Acteon company, now owns the most RESON SeaBat® multibeam echo sounder systems in the world. As part of an ongoing commitment to providing a market-leading range of rental equipment, the multimillion dollar investment will offer Seatronics’ clients the latest SeaBat 8125-H and SeaBat
In the future, operators of offshore wind farms will have one point of contact for all technical and service issues: Voith and the SCHRAMM group will pool their vessel design expertise and will jointly develop special vessels for the transfer of staff and material to wind farms in the North and Balt
Buccaneer Energy Limited announced that two key permits have been granted for oil and gas exploration operations at the Southern Cross and Northwest Cook Inlet Units located offshore in the Cook Inlet, Alaska. The Alaskan Department of Natural Resources (DNR), Division of Oil and Gas, has approved t
