ViaLogy PLC announces it has initiated work on a North Sea project for one of the largest geosciences companies. In developed fields such as the North Sea the challenge of locating additional deposits is a well-known impediment to continued economic production. Yet exploitable reserves remain if the
BAE Systems announced on Thursday that it has entered into a definitive agreement with American Maritime Holdings, Inc. to acquire Marine Hydraulics International, Inc. (“MHI”), a privately held company that operates a shipyard, pier and waterfront facilities in Norfolk, Virginia. The proposed acqui
EMGS, the marine EM market leader, recorded revenues of USD 43.2 million in the third quarter of 2012, down from USD 45.5 million in the third quarter of 2011. “Compared to the previous quarters, the third quarter is disappointing financially. However, we are on track to deliver the best-ever annual
Veripos, world leaders for provision of high-precision GNSS positioning solutions to the offshore oil and gas industry, has been awarded a two-year extension to its present contract with seismic survey specialists SeaBird Exploration FZ-LLC of Dubai, a division of the Norwegian SeaBird Exploration G
Navantia received, on 15th. November, the first Algerian Navy ship for its repairing and modernization. The contract for the reparation and modernization of the two units came in force last 25th July. With the arrival of this ship to Reparaciones Fene-Ferrol facilities, Navantia Reparaciones will st
Subsea mooring connector (SMC) specialist, First Subsea has invested over £200,000 in new mooring connector test rig facilities at its production site in Lancaster, UK. The test-rig is being used in the manufacture of ‘next generation’ SMCs for industry leading, deepwater mooring projects: the Jack
Solstad Offshore ASA (SOFF) have extended its contract for the CSV “Normand Fortress” with Constructora Subacuatica Diavaz, SA de CV in Mexico. The duration of the contract is 1 year and the value of the contract is about USD 17 mill. With this extension the vessel will be on contract with Diavaz un
BP today announced that it has reached agreement with the United States government, subject to court approval, to resolve all federal criminal charges and all claims by the Securities and Exchange Commission (SEC) against the company stemming from the Deepwater Horizon accident, oil spill, and respo
Veripos, world leaders for provision of high-precision GNSS positioning solutions to the offshore oil and gas industry, has been awarded a two-year extension to its present contract with seismic survey specialists SeaBird Exploration FZ-LLC of Dubai, a division of the Norwegian SeaBird Exploration G
Norway’s Solstad Offshore ASA (SOFF) has secured a contract extension for its CSV “Normand Fortress” with Constructora Subacuatica Diavaz, SA de CV in Mexico. Diavaz has decided to extend the contract for the MT 6016 RSV-design vessel for one year. The value of the contract is approximately USD 17 m
The U.S. Army Corps of Engineers, New England District is soliciting contractors for maintenance dredging at Portsmouth Harbor and Piscataqua River in ME and NH. The project is planned to be issued in on or about 20 August 2012. The construction window for dredging activities is between December 1,
2H Offshore Engineering Pty. Ltd., an Acteon company, has relocated to new premises on St. George’s Terrace at Level 2, 89 St Georges Terrace Perth, 6000, Australia. The new office is centrally located near the Perth Convention Centre and close to a large number of 2H’s major clients. Elizabeth Tell
Rolls-Royce, the global power systems company, has won a £12 million order to design and equip two platform supply vessels (PSVs). The vessels will be built at Jiangsu Eastern Heavy Industries Co., Ltd. in China. Rolls-Royce UT 755 LN vessels are designed specifically for transporting solid and liqu
Mercator Limited announced its un-audited financial results for the half year ended September 30, 2012. The total consolidated income for the H1FY13 was Rs. 1917 Cr. against Rs. 1580 Cr. during H1FY12 recording an increase of 21% on YOY basis. The Operating Profit (PBIDT) at Rs. 358 cr increased by
