The board of directors of Aker Solutions ASA (“Aker Solutions”) has in accordance with the strategy disclosed April 30 resolved to propose to the company’s shareholders that Aker Solutions be split into two companies. The board has also determined to write down the value of some assets in the Aker Oilfield Services unit of Akastor, […]
Øresundsbro Consortium, a Copenhagen based company, has issued a tender invitation for the provision of diving services. The framework agreement will cover the Company’s owned and operated Øresund Bridge. The project is expected to last for two years with the completion planned for August 27, 2016. The tenders for the project can be submitted in […]
BG Group announced it had completed the sale of its 62.78% equity interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure Partners. Total proceeds from the transaction, announced on 17 June 2014, are up to £562 million, or approximately $961 million at current […]
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SHE Transmission, the electricity transmission subsidiary of SSE plc, has welcomed Ofgem’s decision to approve the need for the new transmission link between Caithness and Moray. The new link, which will feature over 100 miles of under ground and subsea cable, is needed to transmit a large volume of electricity from renewable sources in the […]
Dragon Oil plc, an international oil and gas exploration, development and production company, has published a quarterly update on the drilling activity in the Cheleken Contract Area, Turkmenistan, and its exploration assets in the second quarter of 2014 and production numbers for 1H 2014. Turkmenistan In 2Q 2014, Dragon Oil completed the following wells in the […]
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Chevron Corporation reported in its interim update that earnings for the second quarter 2014 are expected to be higher than first quarter 2014 as a result of gains on asset sales and an absence of impairments in the prior quarter. Foreign exchange losses in the second quarter are expected to be higher than first quarter […]
Maritime Training & Competence Solutions (MTCS) say thoroughly assessed aptitude in High Voltage used on ROVs is essential among trainees - and even experienced personnel in the subsea field. In commercial ROVs the voltage can be in the area of 48volts and can go up to 1000, so correct use when carrying out repairs and […]
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Ezra Holdings Limited, a contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, achieved a record revenue of US$1 billion for the nine months ended 31 May 2014, a 24% increase from US$842.9 million in the previous corresponding period. Revenue for the three months ended 31 May. 2014 (3Q14) has […]
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A 110-foot long lift vessel will periodically be located off the shore of Camp Pendleton during July to obtain core samples needed for Dominion Virginia Power to move ahead with its proposal to build wind turbines 27 miles off the coast. The U.S.-flagged Inez Eymard literally lifts itself out of the water to provide a […]
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Polarcus Limited has entered into an addendum to the sale and lease-back financing arrangements dated 30 June 2008 for 12 streamer 3D/4D seismic vessel Polarcus Naila. The parties to the arrangement have agreed to increase the charter hire under the terms of the bareboat charter by USD 8,600 per day effective from 15 July 2014 […]
