ABB, the leading power and automation technology group, will invest over $ 400 million to double the capacity of its high-voltage cables manufacturing facility in Karlskrona, Sweden, to meet growing demand for subsea cables. The investment plan includes construction of new buildings and installation
Liquid Robotics®, an ocean data services provider and developer of the first wave-powered Wave Glider® marine robot, today announced the formation of its new Strategic Advisory Board (SAB). The SAB will serve in an advisory role to Liquid Robotics’ executive management team by providing key insights
Aker Solutions will announce at the company’s capital markets day that it is maintaining its ambition of 9-15 percent annual revenue growth for the period 2011-15 due to a favourable market outlook for the oil services industry. The company also maintains its ambitions of 3-4 percentage points EBITD
FINTEL inked an agreement with Tonga Cable Limited to construct Fibre Optic Submarine Cable, costing $40 million. The cable will link Nuku’alofa and Suva. The link will enhance communications, supply high speed internet, and access to the global information infrastructure, for the people of Tonga. R
His Excellency President Mohamed Nasheed has on the 6th of December, 2011, inaugurated the cable laying process under Dhiraagu Domestic Submarine Cable Network Project at H. Dh. Kulhuduffushi. The inauguration took place with the pulling of the cable ashore by the President and key dignitaries, whic
Saratoga Resources, Inc. announced that it is in advanced discussions with McMoRan Oil and Gas LLC (McMoRan) regarding a potential joint venture on Saratoga’s Long John Silver Prospect at Vermilion 16 field. While specific terms of the proposed joint venture are still being discussed and subject to
Total, operator of the Elgin/Franklin fields in the British sector of the North Sea, announces the purchase of GDF SUEZ’s share in the two fields for an enterprise value of €590 million. This participation is held through a 22.5% interest in the company Elgin Franklin Oil & Gas (EFOG). By giving Tot
Wood Group, the international energy services company, has been granted two contracts by Marine Well Containment Company (MWCC), the not-for-profit, independent company committed to improving capabilities for containing a deepwater well control incident in the U.S. Gulf of Mexico. Wood Group compani
MEO Australia Limited advises that it has received notification from the permit operator, Eni Australia Ltd (Eni), that acquisition of the Bathurst 3D seismic data over the Blackwood East area of permit NT/P68 has commenced. The field acquisition program is expected to be complete within 50 days. Un
Subsea 7 S.A. announced today the award of a SURF contract valued at approximately $200 million from Petróleo Brasileiro S/A (Petrobras) on Campos Basin, 80km from the Brazilian coast. The contract scope includes the management, engineering, procurement and installation of two rigid oil lines of 4.5
Northern announces that on 29th November 2011 it completed a 600km 2D seismic survey in offshore Southern Adriatic covering two licences – F.R39.NP & F.R40.NP. Seismic acquisition commenced on 23rd November 2011 using the vessel ‘M/V Princess’ contracted from CGGVeritas S.A and was completed within
The appointment of Arthur Hollmann has enabled Bluestream Offshore to gain a vital foothold in the Explosive Ordnance Disposal (EOD)… IRO [mappress] Source: IRO , December 06, 2011
International energy consultancy Xodus Group has secured more than $1 million of contracts in the Gulf of Mexico since it opened its office in Houston in February. The company’s recruitment drive continues and it has invested $2 million in a move to new larger premises in Richmond Avenue in the city
The MV “Lone” is now in the last stages of upgrading her existing DP 1 system to a DP 2 system. In dry-dock at the German shipyard Norderwerft, the vessel received one additional 1,200 kW bowthruster, two retractable azimuths of 1,200 kW each and three 1,600 kW auxiliary engines to secure the power
