Seanic Ocean Systems’ Subsea Drill Supports the Decommissioning and Salvage Market
2010.12.09 -
Company News
@font-face { font-family: "Cambria"; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: "Times New Roman"; }div.Section1 { page: Section1; }
Seanic Ocean Systems has developed a subsea drill to support the growing platform decommissioning and salvage market worldwide.
Seanic Ocean Systems combines innovative technology with standard ROV interface capabilities. Andy Guinn, VP of Operations said “The drill is hydraulically powered and operated through the ROV’s valve pack and allows for the option to be mounted either by magnet or sticky feet (vacuum created from suction cups). The drill was developed to cut holes into any flat or tubular surfaces as small as a 10” diameter. It will accept up to a 4” diameter annular cutter and has a stroke of over 13” while cutting through steel or grout.”
Seanic Ocean Systems reports the successful delivery of two units and anticipates as the salvage market continues to grow the popularity of this subsea drilling tool will grow as well.
Petroleum Geo-Services ASA ('PGS' or the Company) announced today that it has entered into a definitive agreement to acquire Applied Geophysical Services, Inc. (AGS) for a price of USD 51 million, subject to certain adjustments for changes in working capital. PGS estimates an enterprise value for AGS of approximately USD 46 million. AGS is based in Houston, Texas and specializes in providing advanced depth imaging services. The transaction is expected to close during the course of this week.
Total announces the acquisition of a 40% interest in three exploration permits northeast of Ichthys on the Australian Browse Basin jointly with Inpex (60%, operator). These interests were held by ConocoPhillips. This acquisition is subject to the approval of the Australian authorities.
Rowan Companies, Inc. (NYSE:RDC) announced today that it has entered into contracts with Keppel AmFELS, Inc. for the construction of four Super 116E class jack-ups. The rigs will be built at AmFELS' Brownsville, Texas shipyard, with delivery scheduled at approximately four-month intervals beginning in the second quarter of 2010.
Gaz de France has acquired a 45% stake in the Alam El Shawish West licence in Egypt from Vegas Oil & Gas.
Trico Marine Services, Inc. (NASDAQ: TRMA) ("Trico") and Active Subsea ASA (NOTC: ASUB) ("Active Subsea") today announced that Trico intends to make a voluntary offer for all outstanding shares, options and warrants of Active Subsea.
