Polarcus Signs 2016 Vessel Charter Agreement with TGS
Polarcus Limited is pleased to announce that the Company has signed a Letter of Intent (“LOI”) with TGS-NOPEC Geophysical Company ASA (“TGS”) for the charter of an estimated six months of 3D vessel capacity from Polarcus in 2016 in order to acquire a number of individual projects in line with …
Exterran Announces Management Teams for Post-Separation SpinCo and RemainCo
Exterran Holdings, Inc. (NYSE:EXH) today announced that Andrew Way will join the company on July 1, 2015 and, upon completion of the previously announced separation of Exterran’s international services and global oil and gas infrastructure product sales businesses into a standalone, publicly traded company (“SpinCo”), Way is expected to be appointed President and Chief Executive …
DNV GL: JIP Investigates Flow Meter Accuracy for Phase Contaminated Oil Flows
Accurate allocation measurement results are a key financial and commercial driver for E&P companies. Yet despite limited evidence of the performance of Coriolis and ultrasonic flow meter technology, they are being increasingly deployed for single phase oil flows contaminated with water or natural gas. DNV GL has initiated a Joint …
Aker Solutions Wins First Order in Offshore Mexico
Aker Solutions won its first order for a project offshore Mexico as it secured a contract from Saipem to supply umbilicals for the Pemex-operated Lakach deepwater natural-gas field. Aker Solutions will deliver electro-hydraulic steel tube umbilicals of about 73 kilometers (45 miles) that will help connect Mexico’s first subsea gas …
PGS: PGS Apollo in Sale and Leaseback Agreement
Petroleum Geo-Services ASA has entered into a sale and leaseback agreement of PGS Apollo, the only non-Ramform designed 3D vessel in the PGS fleet, and the best suited vessel for such a transaction. The sale and leaseback agreement is established between PGS and Offshore Merchant Partners (“OMP”) on a 10-year …
Fugro Divests Multi Client Seismic to Spectrum ASA
Fugro has signed an agreement to divest its multi-client data library to Spectrum ASA, a Norwegian multi-client seismic data specialist supplying the global oil and gas industry with sub-surface imagery on a non-exclusive basis, for a cash consideration of US$ 115 million (approximately EUR 100 million) The multi-client library business …
Forsys Subsea: Technip and FMC Technologies JV Receives Regulatory Approvals
FMC Technologies, Inc. and Technip today announced that Forsys Subsea, a 50/50 joint venture, has received all regulatory approvals. The parties closed the transaction making Forsys Subsea operational on June 1, 2015. Forsys Subsea is a joint venture formed as part of a broader alliance between FMC Technologies and Technip …
Polarcus Signs Agreement with TGS to Extend 3D Vessel Charter, Offshore Norway
Reference is made to the stock exchange notice published by Polarcus Limited on 09 April 2015 regarding the announcement of a Letter of Award from TGS-NOPEC Geophysical Company ASA for a 3 month charter of the Company’s 3D seismic vessel, POLARCUS ADIRA, with an option for a further charter. Polarcus …
NADL: Q1 Results
Highlights from the first quarter – North Atlantic Drilling generates first quarter 2015 EBITDA* of $92.4 million – North Atlantic Drilling reports first quarter 2015 net loss of $11.3 million and loss per share of $0.06 – Seadrill Limited provides guarantees for North Atlantic Drilling’s NOK1.5 billion bond maturing in …
Remi Eriksen Appointed Remi Eriksen As Group CEO At DNV GL
The Board of Directors of DNV GL Group has appointed Remi Eriksen as the company’s new Group President & CEO. He is succeeding Henrik O. Madsen, who is retiring on 1 August. Since October 2014, the Board of Directors has undertaken an extensive executive search and selection process to find …