Electromagnetic Geoservices ASA’s (EMGS) reported revenues of $61.3 million in the first quarter 2014, up from $44.6 million in the previous quarter and from $31.7 million in the first quarter last year. Contract sales totaled $46.4 million, while multi-client sales were at $14.9 million this quarte
EMGS has signed a multi-client license agreement with Nalcor Energy, the Provincial Energy Corporation of Newfoundland and Labrador, for the acquisition of up to 13,500 km2 in a multi-season campaign. The CSEM survey is expected to begin in June of this year and will target the Flemish Pass Basin, w
TGS and Electromagnetic Geoservices ASA (EMGS) have agreed to further expand the Companies’ previous cooperation agreement in the Barents Sea. TGS will partner with EMGS to acquire electromagnetic (EM) data over four additional blocks in the Hoop area of the Barents Sea to bring its total joint owne
Costa Crociere and Titan Micoperi started the sponson installation on the Costa Concordia wreck site after obtaining the Monitoring Observatory authorization. During the operations on May 06, S11 starboard sponson was installed, which leaves 12 starboard side sponsons to be installed and 4 on the po
The development of the Hejre field will be the largest oil and gas development in the Danish sector of the North Sea for many years, and will significantly boost Denmark’s status as being self-sufficient in oil and gas. The field is located in the central part of the North Sea near the Danish/Norweg
CAMAC Energy Inc. has signed a Petroleum Agreement with the Government of Ghana covering the Expanded Shallow Water Tano (ESWT) block located in the Tano Basin offshore Ghana, about 15-35 km off the coast of Ghana. The ESWT block size is 1,508 square kilometers (370,000 acres) in water depths rangin
Hydrex diver/technicians have done propeller blade cropping on bulk carriers in Spain and France. In Algeciras the four propeller blades of a 170-meter vessel were cropped. A similar operation was carried out on a 229-meter ship during her stay in Dunkirk. Having developed different procedures for d
Hydrex diver and technician team carried out underwater stern tube seal repairs on a 157-meter dredger in Montevideo,Uruguay. The ship was suffering from an oil leak, making an onsite repair necessary. Using a Hydrex flexible mobdock the team was able to carry out the entire operation on-site and un
Odyssey Marine Exploration, Inc., a pioneer in the field of deep-ocean exploration, recovered nearly 1,000 ounces of gold during the first reconnaissance dive to the SS Central America shipwreck site on April 15,2014. Recovered gold included five gold ingots and two $20 Double Eagle coins (one 1857
Divers on board Royal Navy minehunter HMS Blyth have held the first dive of their Mediterranean deployment since leaving their home port of Faslane, Scotland. The Sandown-class vessel has taken over from Portsmouth-based minehunter HMS Brocklesby as part of the Standing NATO Mine Counter Measures Gr
Good Energy is to invest for the first time in a tidal energy project, the Tidal Lagoon in Swansea Bay, Wales. The Swansea Bay project is projected to deliver renewable power to more than 155,000 homes in the Swansea area and to save the equivalent of 236,000 tonnes in carbon dioxide emissions a yea
A new report has revealed that the impact of dredging and dumping in the Great Barrier Reef is much worse than the mining industry or state-owned ports have indicated, raising concerns over plans to dredge and dump more than 100 million tonnes in the Reef’s waters. The report’s key findings include:
Saipem has been awarded an EPCI contract from Petrobras for the Lula Norte, Lula Sul and Lula Extremo Sul Project, to be developed in the Santos Basin Pre-Salt Region, approximately 300 kilometres off the coasts of the Rio de Janeiro and São Paulo States. The scope of work includes engineering, proc
CGG, a fully integrated Geoscience company providing leading geological, geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry, announced its non-audited 2014 first quarter results. First quarter results reflecting execution of contracts
