Category archives for: News

Osiris Launches Support Base in Grimsby

Osiris Launches Support Base in Grimsby

Osiris now has the capability to support East coast offshore renewables customers locally through a new shoreside support base in Grimsby. The Port of Grimsby East was chosen due to significant investment made in the area in recent years and the growing presence of renewable energy companies as an attractive location to service their wind […]

Plans for Rhiannon Wind Farm Fall Trough

Plans for Rhiannon Wind Farm Fall Trough

Council Leader, Councillor Ieuan Williams, has expressed disappointment that plans to develop a large scale wind farm off the Anglesey coast will no longer go ahead. The proposed 2.2GW Rhiannon Wind Farm, developed by Celtic Array Ltd. (a joint venture ownership of DONG Energy and Centrica), would have been located some 12 miles off the […]

Circle Oil: No Material Delay Due to Mechanical Issues Off Tunisia

Circle Oil: No Material Delay Due to Mechanical Issues Off Tunisia

Further to the announcement of 9 June 2014, Circle Oil Plc, the Middle East and Africa focused oil and gas exploration, development and production company, has provided an update on the EMD-1 exploration well, offshore Tunisia. The well was spud on 8 June 2014 and drilled to 753 metres MD after which the 20 inch […]

Subsea 7 in Additional $200 Mln Shares Repurchase

Subsea 7 in Additional $200 Mln Shares Repurchase

Subsea 7 S.A. has announced that the Company’s $200 million share repurchase programme, previously announced on 7 October 2013, has been completed. The cumulative number of shares repurchased as part of this programme was 10,710,315 for a total consideration of $198.8 million. The Company’s Board of Directors yesterday authorised a further share repurchase programme of […]

SEKCO Pipeline Hooked Up on Lucius

SEKCO Pipeline Hooked Up on Lucius

Enterprise Products Partners L.P. and Genesis Energy, L.P. have announced that their jointly owned crude oil gathering pipeline serving the Lucius production area in southern Keathley Canyon is now mechanically complete and began earning revenues July 1, 2014. Constructed and owned by Southeast Keathley Canyon Pipeline Company, L.L.C. (“SEKCO”), a 50/50 joint venture between Enterprise […]

TGS Q2 Profit Dips 11 Percent

TGS Q2 Profit Dips 11 Percent

TGS reports net revenues of USD 205 million in Q2 2014, compared to USD 210 million in Q2 2013. Earnings before interest and taxes (EBIT) totaled USD 82 million, corresponding to an EBIT margin of 40%. The Company’s net pre-funding revenues were USD 60 million, up 39% from Q2 2013. Backlog of USD 224 million […]

SI Ocean Delivers Wave and Tidal Deployment Strategy

SI Ocean Delivers Wave and Tidal Deployment Strategy

Funded by the Intelligent Energy Europe programme, the SI Ocean project’s Market Deployment Strategy makes several high-level recommendations for commercialising the emerging wave and tidal energy sectors. The SI Ocean (Strategic Initiative for Ocean Energy) project’s goal is to deliver a common strategy for ensuring maximal wave and tidal installed capacity by 2020, paving the […]

Paradigm Sets Up Global HQ in Drumoak

Paradigm Sets Up Global HQ in Drumoak

Paradigm Flow Services, the blockage removal experts for the oil and gas sector, has invested $7.1 million (£4.25 million) in a new headquarters and test centre as it advances its global ambitions. The company is taking a 15 year lease on Paradigm House in Drumoak from MacDonald Properties (Aberdeen) Ltd which will provide capacity for […]

Rosneft to Conduct Ecologic Fishery Research in Laptev Sea

Rosneft to Conduct Ecologic Fishery Research in Laptev Sea

For the first time in history of Arctic Rosneft will carry out integrated ecologic fishery research on three licensed sites (LS) of Laptev Sea: Anisinsko-Novosibirsky, Ust’ Lensky and Ust’ Oleneksky. The Program of ecologic fishery research realization is the first and obligatory part of licensed sites water areas geologic research, which includes geological and ichthyological […]

Osiris Invests in New Launch and Recovery System

Osiris Invests in New Launch and Recovery System

Osiris, a provider of diving services and remotely operated vehicles (ROVs) has successfully enhanced their capability with a new LARS. The new LARS includes a TMS (Tether Management System), which is the first of its kind at Osiris, enhancing their capabilities within the market. This inclusion provides the client with more options when looking to hire […]







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