ASCO Group, the world’s leading oil and gas logistics company, has been awarded the contract to build and operate a Marine Supply Base in Darwin, Australia. Work on the $110 million base will commence in April and be completed by the end of 2013. The project is being developed through ASCO’s subsidi
Kenya’s fourth submarine cable, the Lower Indian Ocean Network (LION2), will go live in April, the CapitalNews noted. The cable was landed in Mombasa in December 2011 and is at this time waiting for connection, the Orange Kenya company informed. Company’s Chief Corporate Communications Officer said
Canadian mining company, Endeavour, offers 45 million US dollars to the Cook Islands authorities to get the permit for exploration of the country’s seabed to determine its mining prospective. The deep-sea mining minister, Tom Marsters, has informed parliament this week that the offer is on the table
Lansdowne Oil & Gas, announces an update of the interpretation of the recently processed 3D seismic surveys acquired in the summer of 2011, over its prospects in the North Celtic Sea, offshore Ireland. Amergin Prospect (Standard Exploration Licence 5/08 – part-Blocks 47/25, 48/21 & 22) Interpretatio
A Papua New Guinea marine conservation party has provided its proposal to the federal government to establish a citizens’ council to advise on deep sea mining projects. Papua New Guinea is the first nation in the region to have issued a deep sea exploration lease, with the Canadian company Nautilus
Sonardyne International has completed the expansion of its Aberdeen office to meet unprecedented demand from their European customer base. The Company has acquired premises adjoining their existing offices in the Bridge of Don, increasing the space available by a third for customer training, equipme
Helix Energy Solutions Group, Inc. reported net income of $16.8 million, or $0.16 per diluted share, for the fourth quarter of 2011 compared with a net loss of $49.8 million, or $(0.48) per diluted share, for the same period in 2010, and net income of $46.0 million, or $0.43 per diluted share, in th
Nautilus Minerals Inc confirms it has received formal notification that Teck Resources Limited has elected not to participate in exploration activities in Fijian waters under a regional area of interest agreement signed in December 2007. In August 2011 Nautilus became the first private sector organi
The underwater electricity cable for six islands in Seribu Island, Harapan, Pramuka, Panggang, Kelapa, Kelapa Dua, and Karya, has been set by the Jakarta Governor Fauzi Bowo. At the inauguration ceremony in Panggang Island, Governor Fauzi said that he hopes the residents will be able to use the elec
Atlantis Resources is undergoing talks for constructing a new marine energy farm that would be producing both wind and tidal power. The company is conducting talks with suppliers of transmission components to discuss cabling and converters including a feasibility study for creating the project from
Virgin Oceanic team started last week a series of tank and on-tether sea testing of its submarine. The sub was tested at Alameda Naval Air Station near Oakland, CA. Over two full days of testing, the team verified the operations of all the major systems of the submarine, and conducted tests of our s
The Government has decided that the NPD will map the geology in the northeastern part of Norway’s new sea area in the Barents Sea. According to the plan, the seismic surveys will start this summer and continue into 2013. This will provide important knowledge regarding possible oil and gas resources
Neptune Marine Services Limited has reported a net profit after tax from operations of $1.3 million for the first half ended 31 December 2011. Highlights: * H1 FY2012 net profit after tax of $1.3 million * Reported EBITDA of $3.7 million * Revenue increased to $60.5 million * Restructuring initiativ
Swire Pacific Offshore Operations (Pte) Limited (SPO) announced the acquisition of Seabed AS, based in Bergen, Norway. Seabed AS was founded in 2008 by Mr Hans Martin Gravdal, who has more than 30 years of experience within a wide range of subsea operations. Mr Gravdal and his experienced team will
