Spanish oil company, Repsol, posted a net income of EUR 2.193 billion in 2011, 53.3% lower than that recorded in 2010 and which included the one-time gain from the agreement between Repsol and China’s Sinopec in Brazil. Earnings were negatively affected by external factors such as the armed conflict
Trinidad and Tobago’s Ministry of Energy and Energy Affairs (MEEA) has announced that the 2012 Deep Water Competitive Bid Round is tentatively set to open on the 29th of March. Leading up to the opening of the round, the MEEA will participate in road shows 21st – 24th of February at NAPE 2012 in Hou
HE Sultan Ahmed Bin Sulayem, Chairman, DP World, has welcomed a new productivity record set for vessel handling operations at DP World Southampton, and expressed his pleasure with the progress of construction at London Gateway, the new global shipping port and logistics centre project. Mr Bin Sulaye
Deep-sea diving system produced by Divex (Scotland) for Russian rescue ship Igor Belousov will be delivered, mounted, and tested by specialists of Russian company Tetis Pro which is going to provide 5-year long aftersales service and train operators. The contract with Tetis Pro will be signed in the
The U. S. Navy has awarded General Dynamics Bath Iron Works, a subsidiary of General Dynamics, a $663 million modification to a previously awarded contract to construct DDG 116, an Arleigh Burke-class guided missile destroyer. DDG 116 is the fourth ship in the Navy’s Arleigh Burke-class construction
Dubai based Dragon Oil, an independent oil and gas exploration, development and production company with producing assets offshore Turkmenistan, today announced it was no longer interested in Bowleven takeover. Two weeks ago, Dragon Oil released a statement which said that the company was exploring o
Maersk of Denmark said it has completed the sale of its wholly owned subsidiary Maersk LNG to Teekay LNG and Marubeni Corporation. “The agreement was subject to a regulatory approval and consents from Maersk LNG’s customers. These conditions have now been fulfilled. Accordingly, A.P. Møller – Mærsk
Bolloré Africa Logistics has just awarded VINCI the contract to plan and build the 3rd container berth in the port of Lomé, in Togo. The works, worth €42.5m, will be carried out by a consortium composed of three Group subsidiaries: Soletanche Bachy (leader), Sogea-Satom and EMCC. Starting in May 201
OSX was hired by Sapura Navegação Marítima S/A for the construction of one PLSV (Pipe-Laying Support Vessel), for a total amount of approximately US$ 263 million, to be built and delivered by OSX at the Açu Shipbuilding Unit, in the north of the State of Rio de Janeiro. A PLSV is used for laying [&h
French based, international oilfield services provider, Technip, has secured two subsea contracts under the Diving Frame Contract with Statoil, for the Åsgard and Gudrun & Valemon projects. The total value of the contracts is around €45 million. The Åsgard contract includes deep water testing of the
In just 90 days, the Harris Pye Group successfully completed the survey and upgrade of Diamond Offshore Drilling Inc’s (DODI) dynamically positioned drillship, the Ocean Clipper. All work was completed well within schedule. P Thomas Geiger, P.E., Director, Projects Department of DODI has written to
OSX was hired by Sapura Navegação Marítima S/A for the construction of one PLSV (Pipe-Laying Support Vessel), for a total amount of approximately US$ 263 million, to be built and delivered by OSX at the Açu Shipbuilding Unit, in the north of the State of Rio de Janeiro. A PLSV is used for laying and
Brazil’s OSX has been hired by Sapura Navegação Marítima S/A for the construction of one PLSV (Pipe-Laying Support Vessel), for a total amount of approximately US$ 263 million, to be built and delivered by OSX at the Açu Shipbuilding Unit, in the north of the State of Rio de Janeiro. A PLSV is used
Technip was awarded two subsea contracts under the Diving Frame Contract with Statoil, for the Åsgard and Gudrun & Valemon projects. The total value of the contracts is around €45 million. The Åsgard contract includes deep water testing of the PRS remote hot-tap equipment, preparations works, instal
