Diamond Offshore Drilling, Inc. today reported net income for the fourth quarter of 2010 of $241.7 million, or $1.74 per share on a diluted basis, compared with net income of $276.1 million, or $1.98 per share on a diluted basis, in the same period a year earlier. Revenues in the fourth quarter of 2
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 7220/8-1, cf. Section 8 of the Resource Management Regulations. Well 7220/8-1 will be drilled from the drilling facility Polar Pioneer at position 72o 29` 28.92″ north and 20o 20´ 02.25″ east. The dri
Recognizing the significant commitment Hess has made to workplace safety, the U.S. National Safety Council (NSC) is honoring company Chairman and CEO John Hess among the “2011 CEOs Who Get It” in the February issue of Safety+Health magazine. Each year the publication recognizes CEOs who have made sa
Blue Offshore and Integrated Subsea Services have completed their feasibility study on the possible use of multipurpose DP2 vessel Normand Tonjer for array cable installation on offshore wind farms. The scope of the study included development of deck layouts for cable installation and cable burial t
Blue Offshore and Integrated Subsea Services have completed their feasibility study on the possible use of multipurpose DP2 vessel Normand Tonjer for array cable installation on offshore wind farms. The scope of the study included development of deck layouts for cable installation and cable burial t
In response to recent media speculation, Wood Group confirms that it is evaluating the possible sale of the Well Support division. These discussions may or may not lead to a transaction. A further announcement will be made if appropriate. Wood Group is a leading international energy services company
Recognizing the significant commitment Hess has made to workplace safety, the U.S. National Safety Council (NSC) is honoring company Chairman and CEO John Hess among the “2011 CEOs Who Get It” in the February issue of Safety+Health magazine. Each year the publication recognizes CEOs who have made sa
Aker Solutions has secured more of the workscope for the offshore construction phase for the Barents Sea Goliat project. Under a new deal the Norwegian contract group has been selected to install a subsea power cable from the field location back to shore.
Future Pipe Industries Group (FPI), the global leader in the fiberglass pipe industry, has announced that it has completed the replacement of 1,200 meters of corroded steel pipe with glass fiber reinforced epoxy pipe systems (GRE) onboard Swedish icebreaker Atle. The installation was successfully co
The sale of the first of these, YN 16551, a 51-metre, full-displacement vessel was completed in December 2010 to create an enviable total of 7 vessels sold during that year. The first sale of 2011 – YN 15850, a 50-metre, all-aluminium semi-displacement vessel – was completed in January 2011. The con
A crewmember onboard the hijacked heavylift carrier Beluga Nomination has been executed by Somali pirates, according to the Round Table of international shipping associations. Several crewmembers were taken aside for “punishment” after the rescue attempt by the Seychelles’ Coastguard failed.
Hafnia Management that was set up by the Gothenburg-based shipping and investment group Marinvest in 2010 now operates 25 product tanker and chemical tankers; eleven LR1-vessels (45,000–79,999 DWT), two LR2-vessels (80,000–159,999 DWT) and twelve MR-vessels (25,000–44,999 DWT). Marinvest owns eight
National Oilwell Varco, Inc. today reported that for the fourth quarter ended December 31, 2010 it earned net income of $440 million, or $1.05 per fully diluted share. Sequentially, earnings improved nine percent compared to third quarter ended September 30, 2010 net income of $404 million, or $0.96
· Department of the Interior to issue wind and wildlife guidelines imminently · Congressional hearing requested by conservationists By Ted Williams (flyrodreel) [mappress] Source: flyrodreel, February 03, 2011
