Offshore news

Energy services company Proserv has entered into a restructuring agreement with its principal lenders which will strengthen the long term financial structure of the company.

Forum Subsea Technologies and BluHaptics, Inc. have announced a joint agreement enabling technologies from both companies to be combined to provide solutions for ROV and subsea engineering applications.

In a still challenging market overall, the Group achieved a robust 22% growth in fourth quarter revenue year-on-year.

The well will now be completed, tested and connected to existing infrastructure. SDX expects to provide a further update on testing results in early April.

The deals will see the firm supplying four of its Remotely Operated Vehicles (ROVs) to academia and the aquaculture industry.

The projects are a mixture of contract awards and renewals for key North Sea clients, including Nexen.

Comet Ridge Limited has announced a material reserves upgrade for their share of the Mahalo Gas Project (Mahalo Project) located in ATP1191 (formerly ATP337P).

The underwater operations will be undertaken by Aker BP's contractor, Subsea 7.

In order to drill the well the Joint Venture was required to apply to the Ministry of Mines and Energy in Namibia for permission to enter the next phase of the licence, the Second Renewal Exploration Period.

TechnipFMC announces that the engineering, procurement, fabrication and supply of umbilicals system for the Kaombo project has been completed.