Subsea 7 division i-Tech expand ROV business in Australia
2008.06.23 -
Company News
Subsea 7 Inc (OSE Symbol: SUB), through its i-Tech division, today announced the relocation of its office in Perth, Western Australia, to support its expanding ROV and remote intervention tooling businesses in the Asia-Pacific region.
Following the establishment of a new workshop and storage facility in Malaga outside the city in 2007, i-Tech has now moved into larger premises in downtown Perth to accommodate its growing onshore engineering and business support teams. The new office, Level 4 of 553 Hay Street, is double the size of the previous office and will be i-Tech's new regional centre for Asia-Pacific operations.
i-Tech's Managing Director, Neil Milne, commented, "We see the Asia-Pacific region and Australia in particular as key growth markets over the coming years and this new office facility will ensure that we have the correct infrastructure to take advantage of the many opportunities we are pursuing. Furthermore, this expansion reinforces our commitment to the region and cements our position as Australasia's largest operator of ROV systems."
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.
