NEWS

Oceaneering International, Inc. (NYSE:OII) announced it has entered into a definitive purchase agreement to acquire Norse Cutting & Abandonment AS (NCA), for approximately $60 million. The purchase is expected to close by March 31, 2011.

NCA’s innovative, patented Internal Multi-String Cutting Tool (IMCT) utilizing abrasive water jet cutting technology has proven itself once again. While carrying out platform abandonment operations in the Gulf of Mexico for Mariner Energy, Inc. a Houston based independent offshore producer; NCA’s offshore crew was successful in cutting and...

Acteon Group Ltd, Norse Cutting & Abandonment AS and International Oilfield Services AS announced today that they have entered into a definitive agreement under which Acteon will acquire IOS Offshore Holdings AS and its subsidiary IOS Offshore AS.

Established in 1986, IOS Offshore supplies mooring equipment and services to the...

NCA has successfully completed a subsea wellhead recovery operation at 265 meter water depth in the Northern North Sea.

The cutting and recovery operation, which included a net guard and the subsea wellhead, was performed from the subsea contruction vessel Olympic Zeus and marks a new world record for water depth with the Internal...

The Bentley oil discovery is located in Block 9/3b in the North Sea, 160km east of Shetland Isles on the western edge of the Viking Graben. Xcite Energy Resources (XER) has 100% interest in the block, which covers an area of over 200km². The block was awarded to XER in October 2003.

As per the 2D seismic...

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