Electromagnetic Geoservices ASA (EMGS) announces that it has secured pre-funding to start a multi-client 3D EM campaign in the Barents Sea, ahead of Norway’s 22nd exploration licensing round. Data acquisition will commence in March using the vessel Atlantic Guardian. Preliminary data deliverables wi
The Board of Directors of Vestas Wind Systems A/S has received a thorough briefing on the conditions which during the last months have led to profit warnings. The company issued its second profit warning in January, saying that cost overruns and delayed revenues had wiped out 2011 profits. As a cons
The Board of Directors of Vestas Wind Systems A/S has received a thorough briefing on the conditions which during the last months have led to profit warnings. The company issued its second profit warning in January, saying that cost overruns and delayed revenues had wiped out 2011 profits. As a cons
Singapore-based Hallin Marine, a Superior Energy Services company, reports a promising start to 2012 with four new contracts. Hallin’s West Division heads into battle in search of unexploded 1939-1945 ordnance off the German coast. A Quasar work-class remotely operated vehicle and team are being pro
London Array is announcing challenge to come up with a name for the third and final crew transfer vessel being supplied by Gardline to service the wind farm from the base at Ramsgate Port. The 17m aluminium catamaran, or Alicat – specifically designed to transfer technicians to offshore sites – is d
Chariot Oil & Gas, an independent oil and gas exploration company,announces that it has completed the 3500km² 3D seismic acquisition programme across its Central Blocks (2312 A & B and Northern halves of 2412 A & B) offshore Namibia. The operation, carried out in conjunction with Petroleum Geo-Servi
Austal has secured an order for a highly efficient medium speed ferry with leading French Polynesian operator and existing customer, SNC Aremiti Ferry. The 80 metre vehicle-passenger catamaran is scheduled for delivery in October 2013. This is the fourth vessel Austal has sold to Aremiti and its ass
Chariot Oil & Gas, an independent oil and gas exploration company, has completed the 3500km² 3D seismic acquisition programme across its Central Blocks (2312 A & B and Northern halves of 2412 A & B) offshore Namibia. The operation, carried out in conjunction with Petroleum Geo-Services (“PGS”), was
Norway’s EMGS has secured pre-funding to start a multi-client 3D EM campaign in the Barents Sea, ahead of Norway’s 22nd exploration licensing round. Data acquisition will commence in March using the vessel Atlantic Guardian. Preliminary data deliverables will be available from April 2012 and 3D inve
The Board of Directors of the International Chamber of Shipping (ICS), whose member national shipowners’ associations represent all sectors and trades and over 80% of the world merchant fleet, met in London on 6 February. Piracy ICS members reviewed the continuing threat to shipping from Somali pira
2011 was a very challenging year for the wind industry. The same applies to Vestas which had to issue two profit warnings and abandon its Triple15 targets. In 2011, Vestas recorded revenue of EUR 5.8bn and an EBIT margin before special items of (0.7) per cent, slightly below the preliminary financia
Statoil’s fourth quarter 2011 net operating income was NOK 60.7 billion, a 42% increase compared to NOK 42.8 billion in the fourth quarter of 2010. In 2011, net operating income was NOK 211.8 billion compared to NOK 137.3 billion in 2010. “Statoil delivered record financial results, further improved
Technip was awarded a 5-year frame agreement contract from Petróleo Brasileiro S.A. (Petrobras) for the supply of around 1,400 kilometers of flexible pipes. The contract is effective today with supply starting in 2013 and orders are guaranteed for at least 50% of the total value, which is currently
Technip was awarded a 5-year frame agreement contract from Brazil’s oil company Petrobras for the supply of around 1,400 kilometers of flexible pipes. The contract is effective today with supply starting in 2013 and orders are guaranteed for at least 50% of the total value, which is currently estima
