Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that it has provisionally been awarded seven new exploration licences on the UK Continental Shelf in the UK’s 2
Statoil’s third quarter 2012 net operating income was NOK 40.9 billion, a 4% increase compared to NOK 39.3 billion in the third quarter of 2011. “Statoil delivered solid financial results in the quarter. By ramping up new fields, we have grown production year to date by 10% compared to the same peri
Statoil’s third quarter 2012 net operating income was NOK 40.9 billion, a 4% increase compared to NOK 39.3 billion in the third quarter of 2011. “Statoil delivered solid financial results in the quarter. By ramping up new fields, we have grown production year to date by 10% compared to the same peri
Damen delivered a floating booster station to a Chinese contractor working on a Middle Eastern job. The design of the containerized booster and the pontoons is based on maximizing the versatility of the complete unit, yet keeping transport practical and affordable. The booster station, type BS750, i
Asia Offshore Drilling Ltd (AOD) has signed a drilling contract whereby AOD’s first jack-up drilling rig AOR-1 will be leased to a reputable client. The charter has been entered into and will be managed by Seadrill, on behalf of AOD. The contract duration is a minimum of three years plus a one-year
Jukka-Pekka Mäkinen, President and CEO of The Switch, writes about the company’s growth, which is an achievement of a good strategy and business concept: Last month’s HUSUM WindEnergy 2012 exhibition gave us firm proof that the wind power business is moving ahead again. We’re seeing movement from al
As DSC celebrates its 20th Anniversary, the Company takes time to reflect on its productivity throughout their milestone year. A leading designer and manufacturer of cutter suction, clamshell, and underwater pump mining dredges, DSC now operates four manufacturing facilities across the US and contin
Yesterday, the Minister for Business and Growth has presented a bill, making it possible for Denmark to ratify the Wreck Removal Convention and make adjustments pursuant to the EU Passenger Rights Regulation, and introducing new payment arrangements. Removal of wrecks The bill introduces an obligati
FLIR Systems, Inc. announced financial results for the third quarter ended September 30, 2012. Revenue was $332.2 million, down 11% compared to third quarter 2011 revenue of $371.3 million. Operating income in the third quarter was $74.2 million, compared to $85.4 million in the third quarter of 201
Associated Engineering has announced that they have received an Award of Excellence for the Burnaby Lake Rejuvenation Project at the Canadian Consulting Engineering Awards Gala held last night in Ottawa, Ontario. Judges noted that the project demonstrates excellence in engineering, innovation, and e
Hydrasun, a leading specialist provider of integrated fluid transfer, power and control solutions to the global energy market, has secured contracts in Angola, the Gulf of Mexico and in Azerbaijan, with major oil and gas operator BP. The combined value of the three contracts is anticipated to run to
Aker Solutions has acquired a fabrication facility in Sandnessjøen, Norway, to increase its fabrication capacity in the Norwegian Sea and further north. The purchase is part of Aker Solutions’ northern Norway strategy. The facility, which is located at Helgelands Industrial Park in Sandnessjøen, Nor
Bergen Bunkers and OW Bunker, two of the world’s leading suppliers of marine fuels and lubricants, today confirmed a strategic cooperation by which OW Bunker will acquire the entire share capital of Bergen Bunkers AS. Bergen Bunkers has offices in Bergen and St Petersburg, and provides fuel and lubr
Aberdeen-based subsea installation contractor Bibby Offshore has announced investment of around £11million in Remotely Operated Vehicle (ROV) systems for its latest division, Bibby Remote Intervention Limited (BRIL). Initial investment of close to £4million has been made in ROV systems for Bibby Off
