Aker Solutions has acquired a fabrication facility in Sandnessjøen, Norway, to increase its fabrication capacity in the Norwegian Sea and further north. The purchase is part of Aker Solutions’ northern Norway strategy. The facility, which is located at Helgelands Industrial Park in Sandnessjøen, Nor
Aberdeen-based subsea installation contractor Bibby Offshore has announced investment of around £11million in Remotely Operated Vehicle (ROV) systems for its latest division, Bibby Remote Intervention Limited (BRIL). Initial investment of close to £4million has been made in ROV systems for Bibby Off
Chevron Corporation announced further drilling success by its Australian subsidiary in the Greater Gorgon Area, located in the Carnarvon Basin, a premier hydrocarbon basin. The Satyr-4 exploration discovery well confirmed approximately 220 feet (67 meters) of net gas pay. The well is located in the
Statoil’s third quarter 2012 net operating income was NOK 40.9 billion, a 4% increase compared to NOK 39.3 billion in the third quarter of 2011. “Statoil delivered solid financial results in the quarter. By ramping up new fields, we have grown production year to date by 10% compared to the same peri
Offshore wind industry in the North East UK has been recognized by many companies as one which will play a huge role in the future energy mix. Therefore, the companies from the subsea industry are developing their businesses to follow the benefits of the offshore wind market. When it comes to supply
FLIR Systems, Inc. announced financial results for the third quarter ended September 30, 2012. Revenue was $332.2 million, down 11% compared to third quarter 2011 revenue of $371.3 million. Operating income in the third quarter was $74.2 million, compared to $85.4 million in the third quarter of 201
Chariot Oil & Gas Limited, the independent Africa focused oil and gas exploration company, announced that its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Ltd., has entered into a petroleum agreement (the “Agreement”) with the Government of the Kingdom of Morocco (“Morocco”) for
Forum Energy Technologies, Inc. to announced the signing of a contract with Global Marine Systems Limited, Ltd. (Global Marine). Under the contract, Forum will supply a PerryTM XT 600 Trenching System, complete with Launch & Recovery System and special tooling. The trencher provides three meter ROV
Norwegian-based specialist subsea service company DOF Subsea Norway AS has secured a contract with Kystverket regarding survey of the wreckage and surrounding seabed of U-864. The first stage of the contract starts in December 2012 and comprises survey of mercury pollution in the wreckage area. The
Superior Energy Services, Inc. today announced net income of $93.9 million, or $0.59 per diluted share, on revenue of $1,179.7 million for the third quarter of 2012. Non-GAAP adjusted earnings was $95.3 million, or $0.60 per diluted share, which excludes $2.3 million of pre-tax loss on the partial p
The government has today approved a Talisman project that will extend the life of North Sea oil fields and unleash millions of pounds of extra investment for the UK economy. The £1.6 billion MonArb Area Redevelopment Project will mean the production of a further 100 million barrels of oil equivalent
The official qualification trials of the sonars for the FREMM frigate programme took place over a six-week period in June and July 2012 on the FREMM frigate Aquitaine in the Bay of Biscay. The successful trials are the culmination of nine months of testing with the UMS 4110 CL bow-mounted sonar and
Offshore industry professionals from around the world gathered in Amsterdam on 23 – 24 October for Offshore Energy Exhibition & Conference 2012. The fifth edition of Offshore Energy attracted a record number of 7632 attendees, up 49% from last year. Offshore Energy 2012 continued on its path of stea
Offshore Technology Days in Bergen, being a leading exhibition and conference in Norway, was a great success for Offshore Center Danmark and Enterprise Europe Network. More than 360 exhibitors and near by 24,400 delegates were present at the OTD exhibition in Bergen on October 15th-18th 2012. A 3-da
