Providence Resources P.l.c., the Irish oil and gas exploration and production company, whose shares are quoted in London (AIM) and Dublin (ESM), provides a technical update on the Barryroe oil discovery in the North Celtic Sea Basin, offshore Ireland. Providence (80%) operates Barryroe on behalf of
Revenue up 8% at EUR 1.6 billion / Transport volume up 11% at over 1.3 million TEU / Soaring bunker prices depress earnings in Q1, which is always weak season for shipping Despite the persistently challenging environment in the industry, Hapag-Lloyd further increased its transport volume and revenue
CGGVeritas announced its non-audited first quarter 2012 consolidated results. All comparisons are made on a year-on-year basis unless stated otherwise. Effective January 1, 2012, CGGVeritas changed the presentation currency of its consolidated financial statements from the euro to the U.S. dollar to
The Government of Mozambique has given its consent to the offer made by Shell to acquire the company and its 8.5 per cent participating interest in Rovuma Offshore Area 1 which would arise on the takeover. Cove said it “received written confirmation from the Government that it consents to the offer
Southern Wind Shipyard, few days ago, launched and masted the SW 102 Ds hull No 1. This is the first unit of the brand new SW 102 DS project, SY Almagores II. SW 102 DS is once again signed by Nauta Design (general design, deck and interior design) and Farr Yacht Design (naval architecture, sail pla
Umeco will be exhibiting its Structural materials and Tooling prepreg technologies for the renewable energy market on Stand F89 at the 2012 All-Energy show in the Aberdeen Exhibition and Conference Centre – Bridge of Don, Aberdeen on the 23 and 24 May. The stand will feature a 1/72 scale model of th
Greene’s Energy Group (GEG), a leading provider of integrated testing, rentals and specialty services, has promoted Carlos Chagas de Oliveira, Jr., (“Carlos Junior”) to General Manager – Brazil, GEG Chief Executive Officer Bob Vilyus announced. Based in Macaé, Junior previously served as GEG’s Senio
IBERDROLA’s first quarter net earnings rose 0.7% to €1,022 million with Ebitda up 4.1% at €2,365 million, driven by international growth and despite a decline in Spain where recent regulatory decisions have had a negative effect. Revenues rose 10% to €9,331 million, while gross margin was up 4.1%. N
Intellocorp, LLC, a company that provides easy to use, yet highly-sophisticated software solutions for the maritime shipping industry, recently announced that Erria A/S, a Denmark-headquartered global service provider of maritime transportation solutions, which manages a fleet of 43 ships, has becom
Revenues continue to rise in the first quarter of 2012 in a market showing significant improvement; 18.0% rise compared with the 1st quarter of 2011 and +1.8% rise compared with the 4th quarter of 2011. “BOURBON is reaping the benefits of a booming market in the offshore oil & gas marine services, e
Malaysia’s Kencana Petroleum has received a Letter of Award on 20 April 2012 from Murphy Sarawak Oil Co., Ltd. for the fabrication of offshore topsides. Under the contract, Kencana Petroleum’s subsidiary, Kencana HL, will provide Engineering, Procurement, Construction and Commissioning (EPCC) of Ser
Smit Marine Projects B.V. ordered Amarcon’s OCTOPUS-Onboard for the floating sheerlegs Taklift 7. The relation between Amarcon and Smit goes back for some years now. In 2010 OCTOPUS-Onboard was already installed on the Taklift 4 after a lease period of several weeks. The recent OCTOPUS-Onboard insta
Statoil ASA, together with partners Eni Norge AS and Petoro AS, has established a plan for further exploration drilling in the Skrugard area. The exploration campaign will comprise four new prospects and is scheduled to commence late 2012. The objective is to follow up on the Skrugard and Havis disc
TGS has commenced acquisition of a 3D multi-client survey covering 3,210 km2 in the Erlend Basin on the UK Continental Shelf, West of Shetlands. This is the first multi-client 3D survey in the Erlend Basin and builds on the improved imaging shown by the reprocessed TGS North Sea Renaissance 2D data.
