A remotely operated underwater vehicle (ROV) developed by the Korea Ocean Research & Development Institute has robot arms capable of lifting… (donga) [mappress] Source: donga,May 16, 2011; Image: kordi
After a turbulent period the Noordhoek Group has finalized and formalized a re-launch of the group. By attracting external capital the company is to proceed to operate at the same location in Zierikzee, while the vast majority of the quality staff will be able to join the company. The investment com
Bahamas Petroleum Company plc, the oil and gas exploration company with offshore licence permits in The Commonwealth of The Bahamas, announces preliminary evaluation results from the fully processed 2011 PSTM and 2010 PSDM 2D seismic data, set out in an Exploration Update Report . The Report include
P/F Atlantic Petroleum announces that its wholly owned subsidiary, Atlantic Petroleum UK Limited, has signed a share purchase agreement to acquire the entire issued share capital of the UK-based private exploration company, Volantis Exploration Limited. Volantis Exploration holds equity in a total o
Following a NOK18m (£2m) deal, AGR Drilling Services has an important new client for its Riserless Mud Recovery system (RMR®). Oil and gas company E.ON Ruhrgas UK E&P Ltd has signed a contract with AGR to use its innovative RMR® technology in the North Sea. The contract, which lasts until the end of
The Board of Leighton Holdings Limited announces that Dr Frank Stieler (52), currently Chairman of the Executive Board of HOCHTIEF AG, has been appointed a Non-Executive Director of the Company . Dr Stieler joined HOCHTIEF AG in 2009 as a Member of the Executive Board and took over responsibility fo
Unique System FZE, a leading provider of specialized engineering solutions to the subsea and offshore oil and gas industries, has signed a two year contract with NPCC for the hire of air bags to support their various projects in the UAE. National Petroleum Construction Company, (NPCC), is one of the
DeepOcean Group Holding AS , a new Norwegian private limited company, announced that it has commenced operations as an independent company following the successful completion of an out-of-court restructuring of the former Trico Supply Group of Trico Marine Services, Inc. . Pursuant to the out-of-cou
Geo Networks (Geo), a provider of high-performance fibre networks, has signed a commercial agreement with EirGrid, Ireland’s prominent electricity system operator and developer, to provide a second fibre optic subsea cable between the UK and Ireland. This route forms the second half of the diverse f
* First quarter revenue of $279 million increased by 24% from the $225 million reported in the first quarter of 2010 but was lower than the $292 million reported in the fourth quarter of 2010. * EBITDA in the first quarter increased by 36% to $41.4 million from $30.4 million in the first quarter of
Dron & Dickson, specialist in design, supply and maintenance of hazardous area electrical equipment, has secured long-term contract renewal with an oil major valued at up to £45million. The five-year deal, with options to extend by up to a further four years, involves supplying electrical equipment
Fugro Subsea Services Ltd. in Aberdeen, Scotland has taken delivery of their latest OCV vessel “Fugro Symphony” . The vessel is built by Bergen Group at BMV in Bergen. “Fugro Symphony” is of ST-327L CD design, developed by Skipsteknisk. The vessel is based on the previously built ST-327 serie of Sei
Nexus Energy Limited announces that it has executed an agreement with McDermott Asia Pacific Pte. Ltd. to perform engineering and strategy review of the Crux liquids project. Under this agreement, Nexus has the right to review McDermott’s initial works by the end of June 2011. If this review is sati
Helix Energy Solutions Group, Inc. announced that it has promoted Cliff Chamblee to Executive Vice President – Contracting Services. Helix’s Contracting Services divisions include the Subsea Construction, Well Operations and Robotics business units. Mr. Chamblee co-founded Canyon Offshore, Inc in 19
