Investors in People has recognised progress within subsea engineering firm Jee Ltd by awarding the independent company gold status. “This is brilliant news and a true endorsement of a lot of changes which have been implemented over the last 3 years to improve the business by developing and investing
Technip was awarded the options for a two-year extension of the Statoil PRS(1) Pool services frame contract to the latest possible completion date of 1st December 2014. The yearly revenue under the contract is expected to be in the range of €13-26 million. This contract covers maintenance and operat
CGGVeritas announced its non-audited third quarter 2011 consolidated results. All comparisons are made on a year-on-year basis unless stated otherwise. Strengthening Financial Results *Group Revenue was $797 million, up 21% year-on-year and 6% sequentially. *Group Operating Income was $98 million, a
Wind farm developer PNE WIND AG has sold all rights to the offshore wind farm project “Nautilus II” to SSP Technology Holding ApS. The offshore project is being planned in the North Sea and is still in the planning and approval phase. SSP Technology Holding ApS, a company of Ventizz Capital Funds IV
Tullow Oil plc (Tullow) announces that the Montserrado-1 exploration well, offshore Liberia, has made a non-commercial oil discovery in Late Cretaceous reservoir sands. This result is an important exploration breakthrough, establishing a working hydrocarbon system in the Liberian basin. The well was
Sierra Gold Corporation has announced it has returned to the Pampana River and has licensed 4 concessions mentioned in its last Field Report that had surface rents previously paid. With the licensing completed, the company is moving dredging equipment into position to commence operations as soon as
Trident Energy, the independent developer of generator solutions for the offshore renewable energy industry, announced that it has signed a collaboration agreement with RenewNet, a world-leading electrical engineering research organisation. Trident Energy has developed a low cost, high reliability l
Paragon Shipping Inc., a global shipping transportation company specializing in drybulk cargoes, announced that it has entered into fixed rate time charter agreements for two of its Panamax Vessels, M/V Kind Seas, and M/V Golden Seas with Mansel LTD, an entity fully owned and controlled by Vitol SA
Autodesk, Inc., a leader in 3D design, engineering and entertainment software, announced that MWH Global, a leader in wet infrastructure projects and programs, including water, hydropower and civil infrastructure, has been selected to receive an Autodesk BIM Experience Award. The firm is being honor
Songa Offshore, Cyprus-based offshore drilling company, provides fleet update for October 2011. Songa Venus commenced operations for Petronas in Malaysia on 20 October after completion of contractual preparedness, acceptance testing and mobilization to the first location. During preparations to run
Oil and gas professionals are being urged to attend the ITF Annual Technology Showcase to get a glimpse of cutting-edge innovation and gain insight to potential new ways to solve industry problems. Exhibition space has sold out and there will be a wealth of solutions on show from subsea instrumentat
Admiralty announced the availability of its Digital Integration Workshops at Marintec 2011. The workshops are designed to help shipping managers effectively plan for the integration of digital technology into bridge operations to meet the requirements of the ECDIS Mandate. Each Workshop session prov
Autodesk, Inc., a leader in 3D design, engineering and entertainment software, announced that MWH Global, a leader in wet infrastructure projects and programs, including water, hydropower and civil infrastructure, has been selected to receive an Autodesk BIM Experience Award. The firm is being honor
Hibernia Atlantic, the only US owned, diverse transatlantic high bandwidth connectivity provider, Huawei, a leading global information and communications technology (ICT) solutions provider, and Huawei Marine, a global submarine solutions supplier, announce today they have successfully completed the
