Reference is made to previous announcements in respect of the restructuring (the “Restructuring”) of Sevan Marine ASA (“Sevan” or the “Company”) and its subsidiaries. The Restructuring, which commenced in 2011 and has been implemented under a step plan through 2011 and 2012, has now been effected ac
New technology for harvesting energy from low velocity ocean and tidal currents multiplies the potential for marine energy. Written by Anders Jansson, CEO, Minesto Marine energy – for instance energy from tidal and ocean currents – is the ‘best of the best’ amongst green energy sources: it has the g
Global Marine Systems has developed a new digital x-ray technology to replace traditional film as a new standard for subsea cable repair capability. The DXr1 camera is the first of its kind for the subsea industry and employs similar technology to that already proven in the medical field. The DXr1 a
Ezra Holdings Limited (“Ezra”, the “Group”), a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, announced that its subsea division, EMAS AMC, has been awarded a subsea engineering, procurement and offshore construction contract from
FOGL, the oil and gas exploration company with an extensive licence interest in the Falkland Islands, announces its Final Results for the year ended 31 December 2012. At 31 December 2012, cash balances were US$174 million with a further US$45 million due from the farm-outs. The company reports the o
Gardline’s Marine Wildlife’s Department has been contracted by E.ON to carry out construction phase environmental surveys for the Humber Gateway Offshore Wind Farm. The wind farm will be located 8km off the East Yorkshire coast and will have 73 turbines, with a capacity of up to 219MW. Prior to cond
Det norske oljeselskap ASA has received consent to use subsea facilities for production of the Jette field. The Jette field is part of production licence 027D and is located in blocks 25/7 and 25/8 in the North Sea. The field is situated about 180 kilometres west of Haugesund and six kilometres sout
Acquisition of Karoro 3D seismic in PEP 52593 (Taranga) was finished on time and incident free just before midnight last night. The partners in the permit, Octanex and New Zealand Oil & Gas, were required to acquire 225 square kilometres of 3D seismic data in the 3500 square kilometre permit. The Ka
Technip Offshore Wind has started offshore operations on an array cable installation contract for phase 1 of the Borkum Wind Farm development, located 45 kilometers to the North of the German island of Borkum, in the North Sea. This project, awarded by Trianel, is Technip’s first offshore wind, arra
IHC Hydrohammer®, part of IHC Merwede, has successfully used seawater – instead of oil – as a drive mechanism for the offshore installation industry. The company has developed and tested IHC Waterhammer® technology to prepare it for launch to the market. This sustainable product development minimise
Statoil’s first quarter 2013 net operating income was NOK 38.0 billion. Adjusted earnings were NOK 42.4 billion. “We deliver financial results impacted by lower production and reduced prices. We continue to deliver good industrial progress according to plan. As previously announced, production in 20
Hydroid, Inc., a subsidiary of Kongsberg Maritime, the leading manufacturer of Autonomous Underwater Vehicles (AUVs), will hold an Open Enrollment Training session during the week of August 5-9, 2013, in Pocasset, MA. Training will focus on basic operations and maintenance as Hydroid’s highly-experi
Nordic Energy PLC, a company focussed on making investments in the North Sea oil and gas sector, announces that NikOil Limited, a private company jointly owned by the Directors of Nordic, has been awarded by the Danish Government the 3,600 sq km offshore exploration and production licence 01-13 (`th
Jasper Drilling announces that its drillship, the “Jasper Explorer” has commenced drilling operations at CNOOC Congo SA’s first well offshore Republic of Congo. Under the contract with CNOOC Congo SA, the “Jasper Explorer” is to drill two firm wells plus one option well. All wells are to be drilled
