Ocean trials of JSC Yantar Shipyard’s research ship Seliger, which is being built for Russian Navy, are taking place in Baltiysk, reports Central Navy Portal. JSC Yantar Shipyard got the contract for construction of the ship in the Russian Navy’s tender. The ship began first phase of ocean trials on
National Oilwell Varco, Inc. today reported that for its first quarter ended March 31, 2012 it earned net income of $606 million, or $1.42 per fully diluted share, compared to fourth quarter ended December 31, 2011 net income of $574 million, or $1.35 per fully diluted share. The first quarter 2012
ABB reported higher orders and revenues in the first quarter of 2012, led by growth in North America. Operational EBITDA declined 7 percent compared to the same quarter a year earlier while net income was up 5 percent. Orders were 2 percent above the very high levels in the first quarter of 2011, dr
One hundred and two incidents of piracy and armed robbery have been reported for the first quarter of 2012, with dangerously increasing numbers in West African waters, according to figures released recently in the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) global p
The Counter-Piracy force of the European Union (EU NAVFOR), typically comprising 4 – 7 Surface Combat Vessels patrolling the Gulf of Aden and Horn of Africa, was joined by the French navy frigate FS Guépratte today, 25 April 2012. The 125 meter long FS Guépratte with 3600 metric tonnes displacement
Nord Stream AG announces the successful completion of its complex international logistics programme. This award-winning green logistics concept enabled the most efficient and environmentally-sound way of supplying to the pipe-laying vessels the 200,000 24-tonne concrete weight coated (CWC) pipes nee
BIMCO’s Documentary Committee, chaired by Mr Karel Stes, gathered in Singapore for its spring meeting on 23 April. The Committee’s contract experts reviewed a number of new contracts and clauses dealing with a wide variety of topical subjects ranging from wind farms to solid bulk cargoes that can li
SeaZone Solutions, developer of the world’s leading Marine Vector Map product: HydroSpatial, has released the first in a new series of marine mapping layers to sit within the new HydroSpatial 2 Product Family. Resounding benefits include an enhanced data model, allowing for intuitive feature filteri
Nord Stream AG announces the successful completion of its complex international logistics programme. This award-winning green logistics concept enabled the most efficient and environmentally-sound way of supplying to the pipe-laying vessels the 200,000 24-tonne concrete weight coated (CWC) pipes nee
Mr. Anon Sirisaengtaksin, the President and CEO of PTT Exploration and Production Public Company Limited or PTTEP disclosed the PTTEP 1st Quarter Operating Results. The company and its subsidiaries posted a net profit of USD 589 million (equivalent to 18,288 million baht), an increase of USD 229 mil
Red Spider, the Remote Open Close Technology specialist delivering major savings and reduced risk to the oil & gas industry, has announced completing 100 operations using its ground-breaking eRED tool. The work involving eRED has generated multi-million pound sales for Red Spider and has taken place
Siemens continued broad-based revenue growth in the second quarter of fiscal 2012. Revenue in the second quarter rose nine percent year-over-year, supported by a strong order backlog. New orders were down 13 percent. Income was considerably below the prior year due to burdens in the Power Transmissi
Red Spider, the Remote Open Close Technology specialist delivering major savings and reduced risk to the oil & gas industry, has announced completing 100 operations using its ground-breaking eRED tool. The work involving eRED has generated multi-million pound sales for Red Spider and has taken place
Newly appointed Morten Heir holds a masters degree in Petroleum Engineering from the Norwegian University of Science and Technology (NTNU, Trondheim) as well as a masters degree in business administration from the School of Economics and Business Administration (NHH, Bergen). He also previously work
