McDermott International, Inc. reported a fourth quarter net loss of $324 million or $1.37 per fully diluted share, and an operating loss of $316 million, of which approximately 80% relates to cash outlays that were made prior to the fourth quarter. The Company reported fourth quarter revenues of $51
Ophir Energy plc has entered into an agreement with WHL Energy (“WHL”) to acquire a 75% operated interest in Blocks PEC-5B/1 and PEC-5B/2 located offshore to the south of the Seychelles Islands in the Indian Ocean. In exchange for the acquired interest, Ophir will repay back costs to WHL of US$4mln
Maritiem Cluster Friesland has delivered another DP1 Multi Purpose Support vessel 3512 to Acta Marine. Lady sponsor Mrs. E. (Litsa) Kwantes, named the Coastal Chariot of Acta Marine in Rotterdam (The Netherlands) on 20th February. The multi-purpose vessel has been custom-built and constructed within
First oil production from the Siakap North-Petai (SNP) development offshore Malaysia commenced on February 27, 2014, Murphy Oil Corporation reports. The SNP field, operated by Murphy with a 32 percent working interest, is located offshore Malaysia in a water depth of approximately 4,400 feet. The ov
Osiris Marine Services, a division of James Fisher and Sons plc, has achieved the International Marine Contractors Association (IMCA) accreditation for the Remote Systems and ROV Division. IMCA is the internationally respected trade association representing offshore, marine and underwater engineerin
Osiris Marine Services, a division of James Fisher and Sons plc, has achieved the International Marine Contractors Association (IMCA) accreditation for the Remote Systems and ROV Division. IMCA is the internationally respected trade association representing offshore, marine and underwater engineerin
InterMoor, an Acteon company, has successfully completed decommissioning operations of the Innovator platform in Gomez field, Mississippi Canyon Block 711 in Gulf of Mexico. The scope of work, conducted in water depths of 910 m, involved disconnecting 10 risers/umbilicals; disconnecting 12 mooring l
Gram & Juhl has announced the opening of a state-of-the art Diagnostic & Monitoring Service at the end of 2014. With this new service, Denmark-based company will be offering the full Turbine Condition Monitoring package i.e. TCM® hardware, software, and installation services for both factory and ret
Pura Vida Energy NL announces the execution of a rig share agreement for the drilling of two wells in the Mazagan permit by the Atwood Achiever Deepwater Drillship. The Atwood Achiever is contracted to Kosmos Energy under a long term hire arrangement. Under the rig share agreement with Kosmos, two s
Two new PGS MultiClient GeoStreamer® surveys offshore Côte d’Ivoire drive further exploration success in the Atlantic Equatorial Transform Margin. Petroleum Geo-Services, with local partner Laguna and in cooperation with Petroci, is currently acquiring 2,300 sq km of MultiClient 3D GeoStreamer® data
Statoil and co-venturer ExxonMobil have announced the results from their first drill stem test in the Tanzania Block 2 offshore discoveries. The data acquired is important to reduce technical uncertainties in a possible future Tanzania offshore and LNG development. The Zafarani-2 operation tested tw
LEINE LINDE SYSTEMS will present the new ADSR in detail at EWEA 2014 in Barcelona from March 10 to 13, 2014. The ADSR is the first slip ring with a diagnostic system for analyzing condition and predicting remaining service life. Service planning made more efficient Wind turbines, both onshore and of
Vantage Drilling Company reports record net income for the three months ended December 31, 2013 of $30.3 million or $0.09 per diluted share as compared to a net loss of $11.5 million or ($0.04) per diluted share excluding approximately $122.1 million of charges for the early retirement of debt, for
Recently a team of Hydrex diver/technicians performed a propeller blade operation on a 300-meter container vessel in Singapore. All six blades of the vessel’s propeller were damaged and needed to be cropped. Having developed different procedures for different kinds of damage, Hydrex is equipped and
