Endeavour International Corporation announces that its wholly owned subsidiary, Endeavour Energy U.K. Ltd., has received all the approvals necessary to finalize the acquisition of an additional 20% working interest in the Bacchus field in the North Sea from Shell U.K. Limited. As a result of the tra
Helix Energy Solutions Group, Inc. reported a net loss of $49.8 million, or $(0.48) per diluted share, for the fourth quarter of 2010 compared with a net loss of $55.7 million, or $(0.53) per diluted share, for the same period in 2009, and net income of $26.2 million, or $0.25 per diluted share, in
Wood Group’s J P Kenny has been awarded a contract to perform detailed design for Amberjack Pipeline Company LLC’s Jack/St. Malo deepwater oil export pipeline in the Gulf of Mexico. Amberjack Pipeline Company LLC is a joint venture between Chevron Pipe Line Company and Shell Pipeline Company LP. Che
The world market for subsea hardware is set for strong growth over the forecast period to 2015, increasing by 23% compared to 2006-2010. Douglas-Westwood projections for global Capex for the period total $139 billion. Fields are being developed in deeper waters, from increasingly-remote locations an
The Havyard 858 DSV, Seven Havila, that has been under construction at Havyard is today delivered from the yard to a subsidiary of Havila Shipping and then sold to the joint venture company Acergy Havila Limited which is 50% owned by a subsidiary of Havila Shipping and 50% by a subsidiary of Subsea
According to TechCentral, a leading investor behind the Africa Coast to Europe (ACE) submarine cable has quashed speculation suggesting that… (telegeography) [mappress] Source: telegeography ,February 23, 2011;
Subsea 7 S.A. (formerly Acergy S.A.) announced results for the fourth quarter and fiscal year 2010. The combination between Acergy S.A. and Subsea 7 Inc. completed on January 7, 2011. Upon completion, Acergy S.A. was renamed Subsea 7 S.A. Jean Cahuzac, Chief Executive Officer, said: “Both Acergy and
Maridive Group announces that it has signed a Long Term Exclusive Cooperation Agreement with Helix Affiliates via its Owned Company Canyon Offshore for the provision of the following services in Egypt and other area in the region: Ø Canyon Offshore: ROV, ROVDRILL, Light Construction Vessels, and Tre
Subsea engineering specialist Tekmar is on a rapid growth curve with revenues trebling to £15m following the successful launch… (nebusiness) [mappress] Source: nebusiness ,February 23, 2011;
Technocean AS, a subsidiary of Reef Subsea AS, which has been recently awarded a multi-year frame agreement contract, has secured a three-year firm charter with two yearly options of one of the new-built subsea construction vessels (IMR/CSV) from GC Rieber Shipping. Polar King will be delivered to T
A new networking website was launched last week by the Professional Institute of Pipeline Engineers… (pipelinesinternational) [mappress] Source: pipelinesinternational ,February 23, 2011;
FMC Technologies, Inc. announced today that its subsidiary, FMC Kongsberg Subsea AS, has signed an agreement with ConocoPhillips Scandinavia AS for the manufacture and supply of subsea equipment and services for a water injection development in the Ekofisk field. The award has a base value of approx
Technip was awarded by Statoil a contract, worth approximately €90 million, for the Gygrid field development located in the Norwegian Sea at a water depth of 265 – 330 meters. This contract covers: * engineering, procurement, welding and installation of flowlines*, including a 19.5 kilometer pipe-in
Bluefin Robotics Corporation, a leader in the design and manufacturing of Autonomous Underwater Vehicles (AUVs), has announced a regional partnership with International Industries, Inc. (III), provider of marine, hydrographic and survey equipment and software. Headquartered in Annapolis, Maryland, I
