GC Rieber Shipping and the subsea contractor Technocean has agreed on a one year extension of the charter regarding vessel “Polar Prince”. The time-charter with Technocean for the subsea vessel “Polar Prince” has been extended to September 2012. The vessel is engaged in subsea operations related to
The so-called “Golden Weld” – the final weld connecting its offshore and onshore parts – was completed on the first of Nord Stream’s twin pipelines today. The “Golden Weld” thus links the Russian landfall in Portovaya Bay with the pipeline across the Baltic Sea. In the coming days, Line 1 will be re
International oil services company Aker Solutions aims to create 500 new UK jobs over the next year. In a bid to grow its business substantially, Norway-listed Aker Solutions is set to recruit 300 staff to its Aberdeen operation and create 200 positions at the company’s newly established west-London
The demand for subsea vessel operations is set to grow by 52%, totaling $72 billion between 2011 and 2015, according to a new Douglas-Westwo… (subseauk) [mappress] Source: subseauk, August 19, 2011;
Schilling Robotics, LLC, experts in subsea systems, and Gregg Marine, Inc., experts in drilling and geotechnical testing services, announced today the successful completion of the field testing of their subsea drill in the waters offshore of Vancouver, British Columbia. The Seafloor Drill was concei
Egil Boyum has been appointed president of Aker Solutions’ subsea business in Brazil. Boyum, a Norwegian citizen, has been employed by Aker Solutions since 1984 and has held a range of management roles during this time. Over the past decades, Aker Solutions has reached several offshore oil and gas e
As Jee’s plans for growth continue announces the addition of 6 graduate engineers. “We have a rigorous recruitment process and only hire the very best,” said Trevor Jee, Managing Director. “These graduates impressed us with their exceptional technical ability and interest in the industry. “We are pr
Dockwise Ltd. today published results for the three month and Half Year periods ended June 30, 2011. Financial Highlights Q2 2011 Revenues of USD 109 million (USD 89 million in Q1 2011); EBITDA of USD 35 million (USD 29 million in Q1 2011); Operating margin of 32% (32% in Q1 2011); Net profit of USD
WesternGeco announced today that it has begun acquisition of the Bjørnøya Phase I “Ice Bear” 3D multiclient survey in the highly prospective West Loppa area of the Barents Sea. Following previous surveys in the area, the Ice Bear survey will extend the existing WesternGeco West Loppa datasets to the
Hallin Marine, a Superior Energy Services company, has successfully completed the installation of the world’s most powerful single rotor subsea tidal turbine in Orkney Island, Scotland. Hallin was contracted by Atlantis Resources Corporation (Atlantis) to provide specialist services as an experience
SBM Offshore today announced half-year results for 2011. Financial Highlights Turnover of US$ 1,461 million (US$ 1,378 million in H1 2010); EBITDA of US$ 359.7 million (EBITDA of US$ 293.5 million in H1 2010); US$ 450 million impairment charge booked in H1 2011, as already announced on 28 July 2011;
The U.S. Coast Guard has issued a sources sought survey to gauge business interest in dive-related, underwater ship repair work… (guambuildupnews) [mappress] Source: guambuildupnews, August 18, 2011;
BlueView Technologies, the world leader in compact acoustic imaging and measurement technology, is delivering its 2D Deepwater Imaging Sonar systems for integration onto EMAS’ new work-class ROVs. The 4,000 meter deepwater systems utilize BlueView’s new S2 oil compensated electronics to deliver cris
DOF today announced second quarter 2011 results. Group income for Q2 totalled NOK 1,581 million (NOK 1,521 million), with an operating result before depreciation (EBITDA) of NOK 495 million (NOK 485 million). Utilization rate for the subsea fleet in Q2 was 91%, with 92% for the supply fleet. The Gro
