CIC, GPS, Richtech international engineering Inc. and Morimatsu (JMO) signed G.R.M.C. strategic memorandum of understanding on a signing ceremony in Shanghai on 11 Nov, 2011. CIC general manager, Mr. Wu Chengye, GPS CEO Mr. Ian F Prescott, Richtech CEO Mr. Yan Zhou and Morimatsu (China) general mana
TETRA Technologies, Inc. announced that its board of directors has increased the size of the board from nine to ten members and has appointed Thomas R. Bates, Jr. to fill the vacancy created by the increase. Mr. Bates will serve as an independent director. Stuart M. Brightman, TETRA’s President and
SBM Offshore, a Dutch supplier of systems and services to the global offshore oil & gas industry reported today that FPSO Aseng commenced first oil production on 6 November 2011 on the Aseng field located in approximately 1,000 meters of water in Block I, offshore Equatorial Guinea. This major proje
Frontline Ltd. has entered into an agreement to sell its 1993-built double hull Suezmax tanker Front Delta. Delivery to the buyer is expected to take place in late November 2011 and the vessel will cease to operate in the tanker market. The sale will result in a net cash outflow of approximately $1.
Western Australian shipbuilder Strategic Marine will expand its presence in the state’s North West, establishing a new facility at the SINWA site in Karratha. The operation has been established to meet the demands of Strategic Marine’s growing number of clients in the offshore oil and gas sector for
SCF Group marked five years of work as an independent gas operator of liquefied natural gas (LNG), making a breakthrough into a new market segment, previously unavailable for Russian companies. Today, the SCF fleet has six LNG vessels and two LPG (liquefied petroleum gas)tankers, which are servicing
NKT’s revenue development for 3rd quarter 2011 was in line with expectations. Earnings increased by 15%, positively influenced by satisfactory results for both Nilfisk-Advance and NKT Flexibles. For nkt cables, the factory in Cologne showed improved productivity but continued to impact earnings nega
Shanghai-based Wison Offshore & Marine Ltd., an upstream oil and gas division of the Wison Group, has secured contracts to engineer, procure and construct the world’s first Buoyant Tower drilling and production platform. The facility, which will be known as the CX-15 platform, will be supplied for B
Alnmaritec, the specialist aluminium boat builder based in Northumberland, recently announced the delivery of ‘Dalby Esk’ the second of the new ‘Wave Master ‘class of wind farm support vessels, to Dalby Offshore Renewables. The new vessel has a multi-purpose capability for survey and dive support as
Chevron Brasil Upstream Frade Ltda is responding to oil seeps and a subsequent sheen that has occurred in the vicinity of the Chevron operated Frade project located 370 kilometers (230 miles) offshore north east of Rio de Janeiro, Brazil in water depths of approximately 1200 meters (3800 feet). Base
Deep Sea Supply today reported that it has entered long term charter contracts with Petrobras, for the two AHTS vessels Sea Cheetah and Sea Jaguar, for operations in Brazil. The contract period is 4 year firm plus 4 year option. Total net value of the firm period is in excess of USD 100 mill. The [&
Oceaneering International’s Board of Directors has elected David K. Lawrence as Vice President, General Counsel and Secretary of Oceaneering, effective January 1, 2012. Mr. Lawrence joined Oceaneering in June 2005 as Assistant General Counsel and has served as Associate General Counsel since January
After six years of design and testing, MBARI scientists have a sophisticated new tool for studying the effects of ocean acidification on deep-sea animals. This complex system, the Free-Ocean Carbon Enrichment (FOCE) experiment, is the only experiment in the world that allows researchers to study oce
Chevron Brasil is responding to oil seeps and a subsequent sheen that has occurred in the vicinity of the Chevron operated Frade project located 370 kilometers (230 miles) offshore north east of Rio de Janeiro, Brazil in water depths of approximately 1200 meters (3800 feet). Based on technical and d
