Foster Wheeler AG today reported net income for the third quarter of 2010 of $51.7 million, or $0.41 per diluted share, compared with $90.0 million, or $0.71 per diluted share, in the third quarter of 2009. Net income in the third quarter of 2010 was $50.1 million, or $0.40 per diluted share, compar
Survey specialist Offshore Hydrocarbon Mapping reports completing the sale of one if its divisions which was a big investment burden for the company
Norwegian explorer Lundin Petroleum saw net profit attributable to shareholders rise to US $421.1 million for the nine months to September, up from $10.5 m last year on the back of the sale of its UK assets to EnQuest.
Scotland’s First Minister Alex Salmond has opened a new £70 million investment fund to help power up the offshore renewables industry.
Work on the phase 1 expansion of container handling facilities at DP World Tarragona has been completed.
AMEC,the international engineering and project management company, has been appointed by Maersk FPSOs to carry out the front-end engineering design (FEED) for modifications to the Curlew floating production storage and offloading vessel (FPSO) in the central North Sea. The value of the contract has
CMA CGM is running trials of new eco-containers manufactured with Eko-Flor non-wood composite flooring. The shipping line has been implementing modern eco-conception techniques for several years in order to avoid the harmful impact of container floorings production on rainforest deforestation. CMA C
Representatives of major European ports and leaders of the International Association of Ports and Harbors’ World Ports Climate Initiative met in London yesterday to launch the new the Environmental Ship Index (ESI).
Denmark: Tanker and dry bulk shipper, TORM, has entered into an agreement to sell the two Kamsarmax dry bulk newbuildings, ‘TORM Karen’ and ‘TORM Kate’. Both vessels are planned to be delivered to TORM in the first quarter of 2011. The newbuildings have been sold for a total consideration of US$90 m
LNG Energy Ltd. (“LNG” or the “Company”) is pleased to announce that Mr. William (Bill) E. Begley has joined LNG Energy as Executive Vice President. Mr. Begley has more than 25 years of energy industry and finance experience and began his career with BP. Mr. Begley has held senior positions in energ
The United Kingdom Chamber of Shipping has established a specialist Harbour Towage Panel to foster closer working with the British Tugowners Association (BTA). The new panel will be the foremost industry forum for the development of policy on all port towage issues.
Evergreen Marine Corporation recorded TW$11.673 billion (US$382.72 million) in after-tax earnings, or TW$3.81 (US$0.12) in earnings per share, in the first three quarters of this year, exceeding its earnings posted in 2009.
Dril-Quip, Inc. today announced net income of $27.7 million, or $0.69 per diluted share for the three months ended September 30, 2010, versus net income of $25.1 million, or $0.63 per diluted share for the third quarter of 2009. Total revenues were $140.1 million during the quarter ended September 3
ADX Energy Ltd announces a significant increase in the resource potential at its Dougga Gas Condensate discovery offshore Tunisia, based on the results of ADX remapping using its leading edge dual sensor 3D seismic data acquired earlier in 2010. ADX holds a 60% interest and is operator of Dougga and
