Electromagnetic Geoservices (EMGS) said it has entered into various agreements with oil companies involving data licensing (late sales) related to 3D CSEM data from the library in the Norwegian Sea and Barents Sea. The agreements represent revenues of USD 3.5 million. According to the company’s mult
Athens-based dry bulk shipowner DryShips Inc. has entered into an agreement to acquired one 158,000 dwt Suezmax tanker currently under construction in China. DryShips said that it plans to finance the total gross purchase price of around USD 64 million using cash on hand and expects to take delivery
The U.S. Energy Information Administration raised its forecast for Henry Hub natural gas spot prices this year due to new export capabilities and rising domestic consumption. In its latest Short-Term Energy Outlook released on May 9, the agency said Henry Hub gas prices would average $3.17 per milli
In an effort to restore Superfund cleanup at the center of the U.S. EPA’s core mission, Administrator Scott Pruitt is prioritizing Superfund cleanup and streamlining the approval process for sites with remedies estimated to cost $50 million or more, EPA said. The revision to EPA’s delegation of auth
Norwegian geophysical services company EMGS posted loss for the first-quarter 2017 of $10.5 million, improving from $15.5 million loss in the same period last year. The Oslo-listed company generated revenues of $3.9 million in the first quarter 2017, down from $13 million in the corresponding period
Wave Swell Energy plans to install a commercial scale wave energy plant in the Bass Strait, off King Island in Tasmania.
Woodlands-based Anadarko said the company’s board of directors has made a couple of changes to its leadership team.
Further scrapping and industry restructuring, in addition to activity increase, will be needed for the offshore accommodation market to recover, Prosafe, a provider of offshore accommodation rigs, has said. In its quarterly report on Thursday, Prosafe said that the market remains generally soft and
Norwegian ballast water treatment (BWT) specialist Optimarin has signed contracts with Sweden-based Wisby Tankers and Norway’s RoRo company Hoëgh Autoliners to install its Optimarin Ballast System (OBS) on five existing vessels. The agreement, which comes six months after the Norwegian BWT specialis
Electromagnetic Geoservices (EMGS) has entered into agreements with oil companies involving data licensing (late sales) related to 3D CSEM data from the Norwegian Sea and Barents Sea library. According to EMGS, the agreements for the data library represents revenues of approximately $3.5 million. Th
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has issued an order to Total to fix faults and deficiencies on the Martin Linge platform being constructed in South Korea. The safety authority said on Thursday that it conducted an audit of the Martin Linge project from March 28-
Siemens has started building a EUR 35 million test center in Nuremberg for the latest generation of power converters used in high-voltage transmission projects.
The 30th IAPH World Ports Conference is taking place this week in Bali, Indonesia, at Bali Nusa Dua Convention Center (BNDCC). At the event, Rene Kolman, Secretary General of IADC, presented on the topic of “Ecosystem Services”. The Secretary General highlighted the concept of ES, presented a case s
Danish shipping and offshore energy conglomerate Maersk Group reported its profit at USD 253 million for the first quarter of 2017, compared to USD 224 million seen a year earlier, in line with expectations. The group’s revenue increased by 5 percent to USD 8.9 billion from USD 8.5 billion reported
