| CGG
Marine Seismic Acquisition Agreements |
PARIS, Oct.
31 - Compagnie Generale de Geophysique announced today the signing of two
definitive agreements aiming at reinforcing significantly its presence in
marine seismic data acquisition.
The first of these
agreements concluded with Louis Dreyfus Armateurs (LDA) concerns the purchase
by CGG of the 40% equity retained by LDA in CGG Marine (The remaining 60%
being already owned by CGG). It concerns moreover the conditions of the upgrade
of the seismic vessel Mistral to a 10 steamers capacity through the creation
of a joint 50/50 company to which the Mistral, currently owned by LDA, will
be sold in its present condition. The upgrade will start in the second half
of 2001 and will take approximately 6 months.
The second agreement,
concluded with AKER MARITIME (AKERMAR), concerns the acquisition by CGG of
certain assets of AKER GEO, a 100% subsidiary of AKERMAR. Under the terms
of this agreement, CGG will acquire the two seismic vessels Amadeus and Symphony
currently operated by AKER GEO, as well as 1000 KM2 of recently acquired
seismic data. Operating continuity both vis a vis current AKER GEO clients
and main suppliers constitutes an integral part of the agreement.
Click here for
the full press release... |
| |
| Deepwater
Company Business Unit sold for $625M |
Aker Maritime
has entered into an agreement to sell its US based Deepwater Company to the
Paris based international offshore contractor Coflexip Stena Offshore for
USD 625 million. Aker Maritime's net gain from the transaction is estimated
at approx NOK 3.7 billion, equivalent to NOK 65 per share.
The purchase price
net of debt assumed by the buyer reflects an equity value of the Deepwater
Company that is about 15 per cent higher than the market value of all of
Aker Maritime when the market opened on Thursday last week. In addition to
the Deepwater Company, Aker Maritime consists of three business areas, all
in the oil services sector. The business area has about 2,750 employees mainly
in the US, UK and Finland with additional operations in Australia, West Africa,
Brazil and the
Caspian.
Click here for full news release... |
| |
| International
LIDAR Mapping Association (ILMA) |
| Leading LIDAR
mapping company EnerQuest together with Terrapoint, Applanix and Z/I Imaging
are sponsoring a LIDAR mapping forum in Denver. LIDAR mapping systems are
in operation throughout the world where high-resolution, three-dimensional
data sets and a quick processing turnaround are required. ILMA's intent is
to bring together LIDAR manufacturers, operators, component suppliers, data
processors and end-users in an inaugural forum style meeting where ideas
and knowledge can be freely exchanged. The meeting will be held in early
February and is being publicised and coordinated by Technical Marketing
Solutions, Houston, Texas. |
| |
| Edgetech
to deliver "Chirp" to Oceanscan Ltd. |
Edgetech (Boca
Raton, Florida USA) is to deliver its Full Spectrum™ "Chirp" Side Scan
Sonar and Sub-Bottom Profiler to Oceanscan Ltd. Via their UK representative
Saderet Ltd. Edgetech has been contracted by Oceanscan Ltd. of Aberdeen,
Scotland, to deliver a side scan sonar and sub-bottom profiler designed for
the special requirements of deep tow deployments in up to 3000 meter water
depths. The system is to be used for deep-water hydrographic survey work
and search and recovery.
Click here for more news
releases from Edgetech... |
 |
| Maridan
AUV completes helicopter search mission |
| Maridan completed
this week, the first search and recovery mission ever conducted with AUV
(autonomous underwater vehicle) technology. On Friday 13th October 2000 a
helicopter ditched in the Arreso lake in northern Denmark. Maridan, the Danish
manufacturer of Autonomous Underwater survey Vehicles (AUVs) provided an
M150 AUV to search the 40 square kilometer lake. After eight days the wreckage
was located in the 10cm visibility water. For further details, visit Maridan
A/S at www.maridan.dk |
|
Industry
Links |
Your one-stop
source for industry links on just about anything you need to know....
Go to links
page... |
|
CnnFN
Oil Earnings |
Exxon Mobil,
Texaco, Chevron and Sunoco all beat Street estimates.
CnnFN
Oil Earnings |
|
ATM
Locator |
Ever been stuck
looking for an ATM machine...? Find out where they are 'anywhere in the
world' !
ATM
Locations |
|
e-Business
- Energy |
E-commerce
for Energy white papers, reports and business information.
Click
for details... |
|
Time
and Date |
World clock,
time zones, calendars, countdown counters and everything you need to know
about time and date.!
Time and
Date... |
|
|
|
