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  • Mar 29, 2015
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SapuraKencana said net profit fell to RM129.13 million in the fourth quarter ended Jan 31, 2015 (4QFY15) from RM337.23 million. Revenue was, however, higher at RM2.39 billion versus RM1.88 billion.

IKM Subsea Singapore has been tasked to provide ROV services onboard Solstad Offshore’s derrick lay bargeNorce Endeavour for construction support projects offshore Thailand.

Last year, Solstad Offshore confirmed that DLB Norce Endeavour would be used to install multiple new wellhead platforms for Chevron Offshore (Thailand) Ltd., in the Gulf of Thailand during the 2015 offshore installation campaign.

 

 Bibby Offshore’s Asian division, Bibby Offshore Singapore (‘BOS’), has secured a contract with the Moattama Gas Transportation Company (“MGTC”).

The UK Budget 2015 delivered on Wednesday contains assistance to support the local offshore oil and gas sector.

In its Autumn 2014 Statement, the government confirmed that it would introduce an immediate two percent reduction in the rate of the Supplementary Charge, a tax on profits from oil and gas production in the UK and UK Continental Shelf. The reduction from 32 percent to 30 percent came into effect from January 1, 2015. As a result of the 2015 Budget, this will now be further reduced to 20 percent.

The UK House of Lords has released a European Union Committee report highlighting the “often conflicting” activities underway in the North Sea. Releasing the report, the House of Lords EU Committee called for strong leadership on the management of resources among the countries along the shoreline of the North Sea.

When people are attempting to clean up oil spills at sea, one of the key things they need to know is the amount of oil that's been spilled – among other things, this will determine the amount of dispersant or other agents that are used. In order to make that process easier and more accurate, scientists from the Virginia Institute of Marine Science have developed a remotely operated vehicle (ROV) that does the job by measuring the thickness of oil slicks from below the surface.

For offshore operators, a 4D geo-spatial data acquisition system with data visualisation in real-time is now available for the Seaeye Sabertooth AUV.

Fugro said it has received a writ of summons from Boskalis to force a shareholder vote at its annual shareholders meeting scheduled for April 30, 2015 on a recommendation in respect of one of Fugro’s three protective measures, i.e. the Foundation Continuity Fugro (“Stichting Continuïteit Fugro”).

 Romania’s SC Shark SRL has secured a diving/ROV services contract from OMV Petrom SA.

ABERDEEN, UK – BP has started production from the Kinnoull field in the UK central North Sea as a tieback to the Andrew platform, 230 km (143 mi) east of Aberdeen. This should extend the productive life of the Andrew facilities by a further decade.

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