EMGS announced today that it has executed an option and signed a contract for chartering a second custom-built vessel to carry out the company's proprietary Seabed Logging operations for oil and gas exploration companies worldwide. The charter is for 5-years plus options.
The vessel - the sixth to join the fleet - has been ordered from the Norwegian Taubåtkompaniet/BOA group and will be built at the Fosen Mekaniske Verksteder (FMV) shipyard, north of
EMGS has plans to expand its capacity further, as a larger fleet will enable it to boost overall fleet utilization.
Recommended Reading
Polar LNG Express: North American NatGas Dynamics to Change with LNG Canada
2025-02-21 - The next major natural gas export project in North America has a location advantage with Asian markets. LNG Canada opens up a new pathway that will change the price dynamics for producers.
Cheniere’s Corpus Christi 3 Project Sends First Commissioned LNG Cargo
2025-02-20 - Cheniere Energy executives say the Corpus Christi Stage 3 project has been ahead of schedule in commissioning its first LNG cargo.
Targa Buys Back Bakken Assets After Strong 2024
2025-02-20 - Targa Resources Corp. is repurchasing its interest in Targa Badlands LLC for $1.8 billion and announced three new projects to expand its NGL system during its fourth-quarter earnings call.
Kinder Morgan Completes Bakken G&P Acquisition from Outrigger Energy II
2025-02-18 - Kinder Morgan closed on a $640 million deal for a Bakken natural gas gathering and processing network in the Williston Basin.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.