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Polarcus Nets West Africa Seismic Contract

July 31, 2015

Polarcus Limited has received a Letter of Intent (LOI) from an undisclosed client for a 3D marine seismic project offshore West Africa. Polarcus will be utilizing its RightBAND technique for broadband data acquisition. The project, subject to the execution of a service contract, will start in Q3 2015 and is expected to run for approximately 60… Continue Reading »

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Hess Has Second-Quarter Loss as Bakken Helps Lift Oil Output

July 31, 2015

Hess Corp., which sold off fueling stations and refineries to focus on production, reported its second consecutive quarterly loss as higher oil output failed to compensate for lower prices. The second-quarter loss was $567 million, or $1.99 a share, compared with net income of $931 million, or $2.96, a year earlier, New York-based Hess said… Continue Reading »

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Sea Trucks Deploys Jascon 31 in Gulf of Mexico

July 31, 2015

Sea Trucks Group announces the recent award of a charter for the Jascon 31 vessel in the Gulf of Mexico. The DP3 Accommodation Construction vessel will start sailing soon from West Africa to the Gulf of Mexico. Sea Trucks will provide accommodation support services, lifting operations and installation work to Permaducto S.A. de C.V. for… Continue Reading »

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Diver Luke Seabrook died after Nova Scotia Power dam gate left open, brother says

July 31, 2015

It’s been exactly two weeks since Luke Seabrook died in a workplace accident at Nova Scotia Power’s Annapolis Tidal Power Plant. For his family, this mourning period has been especially painful because of the awful way in which he died. Seabrook, a 39-year-old commercial diver from Dartmouth, was underwater inspecting the gates controlling the flow… Continue Reading »

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Subsea 7 Profit Declines

July 31, 2015

Subsea 7 announced revenue for the second quarter 2015 of $1.4 billion, a decrease of $553 million or 29% compared with Q2 2014.  Adjusted EBITDA for the quarter was $275 million, a decrease of $178 million compared to Q2 2014. Adjusted EBITDA margin was 20%, compared with 24% in Q2 2014. The reduction in Adjusted EBITDA reflected the… Continue Reading »

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WHAT IS A COMMERCIAL DIVING ATTORNEY?

July 31, 2015

A commercial diving attorney is charged with the responsibility of assisting an injured diver and his or her family, typically at a very precarious time in their lives. An injured diver may be facing significant economic issues while simultaneously dealing with potentially devastating injuries. A commercial diving attorney understands that the injured diver has his… Continue Reading »

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Hercules Needs A Hero As Share Prices Sink

July 31, 2015

Trading at less than it costs to sneak a treat through a gumball machine, Hercules Offshore Inc.’s (NYSE: HERO) share prices – 14 cents a pop – are reflecting its precarious bankruptcy status. By midday Tuesday, it was clear there’s blood in the water for other offshore drillers, too: Diamond Offshore Drilling’s (NYSE: DO) deepwater… Continue Reading »

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Statoil Starts Production from Gullfaks South

July 31, 2015

Production from the Gullfaks South (GSO) fast-track project for improved oil recovery in the North Sea started on 27 July. GSO will increase the output from the Gullfaks area by around 65 million barrels of oil equivalent. “GSO demonstrates how we can increase recovery and profitability by use of standardised, simplified development solutions tied to… Continue Reading »

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Alcatel-Lucent, Quintillion to Build Subsea Cable in Alaska

July 30, 2015

Alcatel-Lucent Submarine Networks (ASN) and Quintillion Subsea Holdings LLC have entered into a turnkey contract for the design and construction of a submarine cable system from Prudhoe Bay to Nome. ASN has started marine route survey and installation activities for the implementation of the system. With a capacity of at least 10 terabits-per-second (Tbit/s) per fiber… Continue Reading »

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UK Oil, Gas Industry Companies More Optimistic in 2Q

July 30, 2015

Companies in the UK oil and gas industry are becoming more optimistic about the sector, according to Oil & Gas UK’s latest Business Sentiment Index (BSI). Published Wednesday, the BSI for the second quarter of 2015 reveals that respondents returned a score of minus 27 on a -50/+50, which marked a four point increase from… Continue Reading »

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