KONGSBERG reports good performance in Q4 2011, laying a sound foundation for 2012. Q4 revenues totalled MNOK 3 883. The EBITA came to MNOK 544. This results in an EBITA margin for the Group of 14.0 per cent, compared with 18.5 per cent in Q4 2010. Earnings per share (EPS) came to NOK 2.98 in [&helli
Office of Naval Research (ONR) revealed that a West Coast-based shipyard has been awarded $70 million for the construction of the second of two modern oceanographic research vessels. Following a previously awarded contract for AGOR 27, the first of the two new research vessels, Dakota Creek Industri
Det norske has been given the approval by the Norwegian authorities to drill the Steingeita prospect, in production license 460. Det norske was awarded the license in the 2007 Awards in Predefined Areas (APA) round. The well is located in the central part of the North Sea, some 175 kilometers west o
Prevco announces that it has sold more than 3000 of its ‘Titanium Dual Seal Pressure Relief Valves’ in less than a year and the product has become one of its fastest selling accessory items. The valve is typically fitted to subsea housings where internal components may cause off-gassing, i.e. batter
Office of Naval Research (ONR) revealed that a West Coast-based shipyard has been awarded $70 million for the construction of the second of two modern oceanographic research vessels. Following a previously awarded contract for AGOR 27, the first of the two new research vessels, Dakota Creek Industri
The Herøy-based company, Havyard Group AS has signed a contract with the Norwegian shipping company Forland Shipping for the construction of a subsea vessel. Arne Magnus Johnsen, CEO of Forland Shipping, the company that owns and operates three vessels within offshore and seismic operations, is very
KBR announced that its joint venture with JGC Corporation and Chiyoda Corporation, the JKC JV, has signed the formal contract for engineering, procurement and construction (EPC) activities on the Ichthys LNG Project in Northern Australia. The JKC JV partners signed this EPC contract, valued at US$15
Cobalt International Energy, Inc. today provided additional data confirming the significance of its Cameia Pre-salt oil discovery in Block 21 offshore Angola. The Cameia-1 Well was drilled in 5,518 feet (1,682 meters) of water to a total depth of 16,030 feet (4,886 meters), at which point an extensi
World-leading low- and medium-speed engine manufacturers, Wärtsilä and MAN Diesel & Turbo, announce the kick off of the next phase of the extensive, long-term HERCULES research programme. The overall vision of the programme is to achieve sustainable and safe energy production from marine power plant
SeaBird Exploration PLC has received a Letter of Award for a major contract of 2D seismic work for the entire summer season from a major client. The contract represents a value in the range of US$ 11-13 million. The work will commence during mid-March 2012, and will be carried out using the 2D vesse
Forland Shipping and Havyard Group have agreed on a major new contract for the construction of a subsea vessel. The Herøy-based company Havyard Group AS has secured a new and prestigious subsea contract with a brand new customer. Forland Shipping`s main offices are located just south of Bergen and i
Hotchya Marine Design has completed the construction and sea trials of a large freezer trawler, General Troshev, and delivered it to the customer. The design of large freezer trawler General Troshev allows the vessel to catch fish using bottom and mid-water trawling. The vessel is built for a certai
Petrobras, the state-controlled Brazilian oil giant, announces the result of the negotiation with Sete Brasil and Ocean Rig, which had submitted offers for the charter and operation of drilling rigs to be manufactured in Brazil. A source close to the matter told Reuters that Petrobras would pay an a
Forland Shipping and Havyard Group have agreed on a major new contract for the construction of a subsea vessel. The Herøy-based company Havyard Group AS has secured a new and prestigious subsea contract with a brand new customer. Forland Shipping`s main offices are located just south of Bergen and i
