Forum Energy Technologies, Inc., announces the signing of a contract with Cummings Consulting, Inc. (Cummings). Under the contract, FET will supply two complete Sub-AtlanticTM Mojave Remotely Operated Vehicle (ROV) systems. Both of the Mojave ROVs will be equipped with job specific tooling systems s
CGGVeritas announced the launch of an offering of bonds convertible into and/or exchangeable for new or existing shares (“OCEANEs”) due 1st January 2019 in an initial nominal amount of approximately €315 million, which may be increased up to a maximum nominal amount of approximately €360 million in
JDR, a leading provider of technology connecting the global offshore energy industry, is pleased to provide an update on its trading performance for the nine months ended 30 September 2012. Record revenue of £85.6m (an increase of 75% from the equivalent period last year) Record EBITDA performance d
Anchor Contracting, owned by Inocean, has delivered a complete Mid Water Arch (MWA) system to its customer NOV Flexibles (previous NKT Flexibles). The MWA will be a part of a FPSO set-up contracted by Indian state owned Oil and Natural Gas Corp (ONGC) and the Malaysian operator Bumi Armada for the D
MODEC announced that Petróleo Brasileiro S.A. (“Petrobras”), through its subsidiary Tupi B.V., on behalf of Consortium BM-S-11, has signed a Letter of Intent (LoI) for the supply, charter, and operations of a Floating, Production, Storage, and Offloading (FPSO) vessel for the BM-S-11 block (Lula – I
Antrim announced that production of oil has commenced from the Causeway Field in UKCS Block 211/23d (Antrim working interest 35.5%). Commissioning of the Causeway field has now commenced with gross production rates of around 4,500 barrels of oil per day on a 53% choke. Initial production rates are c
Deep Down, Inc., an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, reported net income of $970 thousand for the third quarter of 2012, an improvement of $364 thousand over the same period in 2011. OPERATING RESULTS For the
Enviro Voraxial Technology, Inc. announced that the Company will exhibit its line of Voraxial® Separators at the upcoming Shale EnviroSafe Conference and Exhibition, part of the Clean Gulf Training and Exhibition on November 13-15 in New Orleans. EVTN will display its Submersible Voraxial® Separator
Polarcus Limited announced the release of its third quarter 2012 financial statements. The third quarter 2012 was the first time Polarcus operated its full fleet complement of eight vessels subsequent to the delivery of Polarcus Adira in June, enabling the Company to recognize a net profit of USD 21
Antrim today announced a Heads of Terms agreement has been signed with Hummingbird Production Limited, a subsidiary of Teekay Corporation, for an option to lease the “Hummingbird Spirit” Floating Production, Storage and Offloading vessel (“FPSO”) for the development of the Fyne Field in UKCS Central
Port Lincoln tuna baron Hagen Stehr plans to take legal actions against the government regarding the plans to allow exploration for oil in the Great Australian Bight. According to Mr. Stehr, seismic testing in the Great Australian Bight during the annual tuna harvest could devastate the industry, we
TTS Group ASA has through its subsidiary signed a contracts with a total value of approximately 40 MNOK (USD 7 million) in Norway. The contract is through the TTS subsidiary TTS Offshore Handling Equipment AS in Bergen, Norway. The contract is with Kleven Verft AS in Norway and concerns the delivery
Cloud, connectivity and hosting provider, Pulsant, is supporting Pelamis Wave Power by helping to manage, backup and store data vital to the development of its world-leading wave energy technology. With operations in Edinburgh and Orkney supporting two Pelamis wave machines being demonstrated at the
Nautilus Minerals Inc. announces it has decided to preserve its cash position by terminating the construction of the equipment for its Seafloor Production System. Nautilus announced on June 1, 2012 that it was in dispute with the Independent State of Papua New Guinea as to the parties’ obligations t
