Deep Down, Inc., an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services recently announced that it has been awarded multiple contracts worth nearly 8 million dollars from a major international oil and gas operator. Deep
In the past year, IHC Merwede’s revenue has increased by four per cent to reach € 1.05 billion. The company’s net profit has also increased to € 103 million with a solvency ratio of 40%, demonstrating that IHC Merwede is in strong financial health and able to implement its growth strategy. With sale
The Nord Stream Project took another major step forward today with the completion of offshore pipelay of the second of its twin 1,224-kilometre gas pipelines through the Baltic Sea ahead of schedule. Following extensive pre-commissioning and commissioning, Line 2 is scheduled to begin transporting g
The Nord Stream Project took another major step forward with the completion of offshore pipelay of the second of its twin 1,224-kilometre gas pipelines through the Baltic Sea ahead of schedule. Following extensive pre-commissioning and commissioning, Line 2 is scheduled to begin transporting gas tow
United Arab Shipping Company (UASC) has taken delivery of its eighth A13 (13,500 TEU) container vessel “AL QIBLA”, during a Naming Ceremony held at the Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea, where the vessel was named by her sponsor, Mr Othman Ibrahim Al-Issa, Chairman of UAS
STL Research announce that they have recently been awarded Government funding to accelerate their project to develop an offshore personnel-access system. Code-named Neptune, the system will space-stabilise its personnel carrier regardless of the motion of the ship on which it is mounted so that pers
On Monday, April 16, Petrobras’ CEO, Maria das Graças Silva Foster, met with the U.S. Secretary of State, Hillary Clinton, in Brasilia. The meeting, which was an initiative of the U.S. government, took place 45 days after the U.S. Deputy Secretary of State, William Burns, visited the Company’s headq
Malaysia-based Bumi Armada Berhad has received an engineering procurement, installation and commissioning (EPIC) contract valued at approximately USD 200 million from the Russian oil major, OAO Lukoil. The EPIC contract is for the Filanovsky field development in the Russian sector of the Caspian Sea
ADPC welcomed a high profile delegation of regional transport ministers to the Khalifa Port and Kizad Visitor Centre at Taweelah recently. The delegates were given a tour of the modern and highly sophisticated visitor centre at Taweelah, which brings the futuristic Khalifa Port and Kizad to life. H.
Electricity transmission operator TenneT has maintained a high security of supply in 2011, while transmission rates remained at a low level. TenneT also contributed to making the energy supply in north-west Europe more sustainable. Major investments have gone into strengthening and expanding the gri
Orca Exploration Group Inc. announces that Beer van Straten has been named Chief Operating Officer effective immediately. He will assume responsibility for the Company’s field operations including a large scale development and exploration drilling program in Tanzania. He replaces Dale Rollins who re
Leevac Shipyards Jennings, LLC has signed contracts with Bay Houston Towing Co. and Suderman & Young Towing Company, both of Houston, TX, to Build two (2) 80′ x 38′ x 16′ Z-Tech 2400 Class Terminal / Escort Tugs. “We are very excited to have this opportunity to begin this partnership with companies
Textron Systems Advanced Systems, an operating unit of Textron Systems, a Textron Inc. company, announced yesterday that its second Fleet-class Common Unmanned Surface Vessel (CUSV) completed a successful in-water demonstration last week in New Orleans following vessel modifications at the Textron M
Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewables industry, announces that it has secured orders from multiple clients during Q1 2012 to undertake a number of jackup rig upgrade and refurbishment projects, with a com
