Russian oil company, Lukoil, reported today that its net income was $9,012 million in the 9 months of 2011, which is 32.1% higher y-o-y, including $2,244 million in the third quarter. EBITDA in the 9 months of 2011 was $15,316 million, which is 27.8% higher y-o-y. Sales revenues were $99,101 million
Global provider of offshore cargo carrying units and associated services, Swire Oilfield Services, has started work on its £4million Aberdeen headquarters, which will create up to 50 new jobs on completion. The construction is part of a £50million investment for the company this year, supporting its
Prysmian Group, world leader in the energy and telecom cables and systems industry, will present its latest full range of products and services for the wind power industry at “EWEA Offshore 2011”, the world’s largest offshore wind energy event that will take place in Amsterdam (The Netherlands) from
BMT WBM, a subsidiary of BMT Group Ltd, joined leading flood experts to present their unique insight and knowledge at the Science in Parliament ‘hot topic’ briefing, hosted by Queensland’s Chief Scientist, Dr Geoff Garrett AO in Brisbane this week. This follows the completion of a report titled ‘Und
Offshore Survival and Health & Safety experts, Falck Nutec Limited, have appointed Michael Findlay, former owner of Technical Lifting Solutions (TLS) Training (Scotland), as a non-appointed Director of Lifting and Mechanical Maintenance. Managing Director for Falck Nutec UK, Graham Gall, said of the
The 18th Africa Oil Week 2011 was held from 31st October – 4th November 2011, at the BMW Pavilion in Cape Town, South Africa. This premier 5-day event of oil and gas industry for the entire African continent, had attracted over 700 delegates representing leading oil/gas companies, governments, state
Recently, the launching of the first two 79,600 bulk carriers J0033 and J0034 built by Jinhai’s Zhongji Shipyard was held in Dock 6. With its shortest production cycle and most efficient construction, the production quality and construction efficiency have gained recognition from ship owners and cla
Amarinth, a company specialising in the design, application and manufacture of centrifugal pumps and associated equipment to the industrial, chemical and petrochemical industries has delivered £750K of API 610 OH2 pumps to ZADCO , for an offshore pilot plant at Zirku Island, Abu Dhabi. The new pilot
BORD GÁIS ASSETS: The name may be associated with natural gas, but with the “Big Switch” campaign, Bord Gáis launched the first competitive… (irishtimes) [mappress] Source : irishtimes, November 25 , 2011; Image: OpenHydro
On November 23, SOCAR President Mr. Rovnag Abdullayev met with a delegation led by Mr. Yoichi Kobayashi, Itochu Corporation’s vice president and co-chair of the Azerbaijan-Japan Intergovernmental Commission. Welcoming the guests, Mr. Abdullayev noted the development of bilateral relations between Az
ERHC Energy Inc.,a publicly traded U.S. company with oil and gas assets in Sub-Saharan Africa, recently began formal Production Sharing Contract (PSC) negotiations with the National Petroleum Agency of São Tomé and Príncipe (ANP-STP). The PSCs pertain to ERHC’s 100 percent working interest in Blocks
A consortium led by Sekunjalo Investments has been awarded a five-year contract worth an estimated R1bn by the department of agriculture, forestry and fsheries. The deal is expected to accelerate broad-based participation in Cape Town’s maritime industry. Under the deal the consortium, which include
Container recovery operations in the Rena were hampered again with windy conditions persisting in the Bay of Plenty… (tvnz) [mappress] Source : tvnz, November 25 , 2011; Image: MNZ
Solemn launching ceremony of Project 22460 patrol ship Brilliant will take place on Nov 25 at JSC Almaz Marine Plant. At present, the ship is being prepared for leaving covered slipway and placing in the yard’s floating dock PD-455, told the shipyard’s press service to Central Navy Portal. Lead ship
