Electromagnetic Geoservices ASA (EMGS) has in response to industry demand expanded the previously announced multi-client basalt mapping project in the West of Shetland area to the Vøring Basin in the Norwegian Sea. The vessel Atlantic Guardian will therefore continue to acquire controlled-source ele
On October 23, 2012, Technip’s Board of Directors approved the third quarter 2012 consolidated financial statements. Third Quarter 2012 Results: Order intake of €2.8 billion Record backlog of €13.5 billion, of which €6.1 billion in Subsea Revenue of €2.1 billion Operating margin of 10.3% Net income
Leading specialist subsea services group Acteon has been nominated for an Oil Council award in the Oilfield Services Business of the Year category. The awards celebrate international successes in the oil and gas industry throughout 2012 and are judged by a panel of 50 industry experts. The award foc
Ezra Holdings Limited (Ezra, the Group), a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, today announced that its subsea construction division, EMAS AMC, has secured contracts worth more than US$65 million, including options, for
Grup Servicii Petroliere S.A. has been awarded the contract for pipelay and trenching services for the Hunter Pipeline Replacement Project by E.ON E&P UK LIMITED. The scope of work comprises installation of 8 km 8’’ pipeline between Hunter well head and Murdock K well, trenching and backfilling, sur
Aberdeen based Wood Group Engineering (North Sea) Ltd has awarded a contract to Seaway Heavy Lifting Contracting Ltd for the transportation and installation of two weather monitoring stations for the East Anglia Offshore Wind zone, located in the Southern North Sea, East Anglia Field, UK. The offsho
AMEC, the international engineering and project management company, has formed a joint venture with Samsung Heavy Industries and Samsung Engineering to carry out the design engineering for fixed and floating offshore platforms, FPSOs and subsea pipelines for Samsung’s future offshore oil and gas pro
The executive committee of Euronav NV announced that the company sold the VLCC Algarve (1999 – 298,969 dwt) for a selling price of USD 35,875,000 million and that the vessel was delivered to its new owner. A capital gain of USD 7.3 million will be recorded whilst the net cash proceeds available to t
Shell announced today the signing of an agreement with Hess Corporation to acquire its interests in the Beryl area fields and the Scottish Area Gas Evacuation System (“SAGE”), for US$ 525 million. The Beryl Area includes 12 fields located on the UK Continental Shelf. The fields are operated by Apach
On October 23, 2012, Mrs. Alexandra Bech Gjørv was appointed member of the Board of Directors of Technip, replacing Daniel Lebègue. M. Pascal Colombani was appointed Chairman of the Audit Committee of the Board of Directors. Mrs. Bech Gjørv is also a member of the Audit Committee of the Board of Dir
ABB reported steady orders and higher revenues in the third quarter of 2012 despite a challenging macroeconomic environment, as the company benefited from its well-balanced market exposure, especially the improved access to the North American automation market gained through recent acquisitions. Pow
L-3 MariPro, a division of L-3 Marine & Power Systems has secured $127 million multi-year contract intended for installation of Undersea Warfare Training Range off the coast of Jacksonville, Fla, for the U.S. Navy, reports the Benzinga.com. The program is split in two phases. The first phase of the
The U.S. Office of Naval Research (ONR) has developed a robojellyfish which is currently tethered to hydrogen and oxygen tanks, the Huffington Post reports. The jellyfish is actually a surveillance robot, powered by the atoms around it. Possible uses of the robojellyfish include spying, mapping and
Last week, during the EEA grant conference arranged by Innovation Norway and CDTI in Bergen, the Norwegian company Langlee Wave Power and Repnaval Shipyard (Zamakona Yards) signed an agreement for the development of wave power in the Canary islands. The two companies will file a common application t
