McDermott International, Inc. announced that its Malaysian affiliate Berlian McDermott Sdn. Bhd. was recently awarded a significant subsea contract for executing a deepwater engineering, procurement, construction, transportation, installation and commissioning project offshore Malaysia. The value of
Transocean Barents anchored up at the Jette field Friday May 4th, and has begun the first phase of drilling. The first operation will be a observation well at Jette north. Drilling of the two planned production wells will be next. Transocean Barents will remain at the Jette Field until August . The
Since 2009, Marine Scotland Science (MSS) has dedicated cruise time from its survey vessels, the MRV Scotia and the MRV Alba Na Mara to survey areas of interest to Scotland’s emerging marine renewables industry. This work has included covering areas under development for Pelamis projects in the wate
Installation of the first offshore components at Gwynt y Môr, one of the largest offshore wind farms in Europe, has begun off the north Wales coast. Work to install two steel jacket foundation structures was started from the Seaway Heavy Lifting crane vessel ‘Stanislav Yudin’, and is continuing appr
WASACE Cable Company announced that it has begun the procurement process to select a cable system supplier for the construction of its undersea fiber optic cable system, which will create new and unique communication routes to support the communities around the Atlantic Basin. WASACE will develop, o
Ocean Installer was in April awarded a contract for EPCI (Engineering, Procurement, Construction, Installation) services in the context of A/S Norske Shell’s further development of the Draugen field. In the process of securing subcontractors, Ocean Installer has now contracted EAB (EAB Engineering)
GE Energy announced that it is investing $10 million in the development of a new Oil & Gas Training Facility to support and advance training and development for its customers and employees. Training at the facility will focus on customer, technical and leadership skills aimed to meet the changing ne
In the afternoon of the 21st of November of 2011, the dredger Helle Saj travelling through a dense fog, collided with her sister ship Tonne, just 400 meters off the harbour entrance of Thorsminde and sank. Although the ship was lost, fortunately there were no casualties. Koole Maritiem, just complet
Aker Solutions’ operating revenues in the first quarter of 2012 were NOK 9.8 billion, a 15.7 per cent increase from the first quarter of 2011. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 1 002 million with a margin of 10.2 per cent. The positive trend has co
Reef Subsea AS announced that they have been awarded a contract with Talisman Energy (UK) Ltd for the provision of two maintenance support vessels. Reef Subsea’s newly delivered vessels, Reef Despina and Reef Larissa, will fulfil the contract for Talisman, which involves supporting the company’s Bro
Southern California Edison (SCE) and Scripps Institution of Oceanography at the University of California at San Diego will collaborate on a project to gather seismic data off the coast of the San Onofre Nuclear Generating Station (SONGS). The work, part of SCE’s seismic research projects for SONGS U
Kvaerner is preparing for a significant growth in its home market and invests approximately NOK 250 million in upgrades of its facilities at Stord. The major investments will be increased lifting and trailing capacity, including a new Goliath gantry crane. “We have won some major contracts and are p
Petroleum Geo-Services ASA (PGS) has announced results for first quarter of 2012 with the following highlights: – Revenues of $365.0 million, up 51% from Q1 2011 – EBITDA of $145.7 million, up 100% from Q1 2011 – EBIT of $35.8 million, up $33.3 million from Q1 2011 – Total MultiClient revenues of $1
Nautilus Minerals Inc. announces the release of its unaudited consolidated financial results for the first quarter ended March 31, 2012 together with Management’s Discussion and Analysis. First quarter 2012 highlights: – Exploration Program commenced in the Bismarck Sea, PNG – Technical Report updat
