Nord Stream can confirm it has agreed repricing arrangements with its relationship banks for the 3.9 billion euro Phase I project finance facilities. Nord Stream undertook this exercise in order to bring Phase I pricing into line with the pricing it achieved for the 2.5 billion euros raised for the
At its annual general meeting on 25 October 2011, WorleyParsons announced that Ms Wang Xiao Bin will be appointed to the Board as a non-executive director before its next board meeting in December. Ms Wang is based in Hong Kong and is currently Executive Director and Chief Financial Officer of China
Superior Energy Services, Inc. announced net income of $59.6 million, or $0.73 per diluted share on record revenue of $565.3 million for the third quarter of 2011, and adjusted net income of $55.9 million, or $0.69 per diluted share, after excluding a non-cash, unrealized pre-tax gain of $5.8 millio
NYK announced its participation in the Brazilian cabotage business through an acquisition of 10 percent of the shares of Maestra Navegação e Logistica S.A. (Maestra) and its two group companies. NYK and Maestra also agreed to nominate one board member from the NYK Group to Maestra’s board of directo
BMT Cordah, a subsidiary of BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy, has launched the NEMS Accounter® Light reporting software to the UK market. The software developed by environmental specialists add novatech, in conjunction with BMT Cor
Kitron AS, a subsidiary of Kitron ASA, has signed a contract with a leading supplier of offshore equipment… (Reuters) [mappress] Source: Reuters, October 27 , 2011;
ABB reported a 24-percent increase in operational EBITDA in the third quarter on double-digit revenue growth compared with the third quarter of last year. In addition to higher revenues, the increase reflects successful cost reductions that continued to more than offset price pressure. The recent Ba
Höegh Singapore was successfully named in a traditional and spectacular naming ceremony at Xiamen Shipbuilding Industries in Xiamen, China on 12th October 2011 Mrs. Nancy Jean DeMuro (wife of Mr Richard DeMuro, Director MP & L Ford Asia, Pacific & Africa) acted as Lady Sponsor. Other guests included
Kitron AS, a subsidiary of Kitron ASA, has signed a contract with a leading supplier of offshore equipment. The agreement covers the period 2012 to 2014. In this period the expected turnover under the contract is between NOK 200 and 300 million. Kitron already has received purchase orders under the
DORIS Engenharia Ltda., the Brazilian subsidiary of France’s DORIS Engineering and a specialist in the offshore oil and gas industry, has chosen Intergraph® SmartMarine® Enterprise solutions to design the topsides of eight floating, production, storage and offloading (FPSO) units for global energy l
Harland and Wolff will manufacture the first two commercial offshore suction bucket foundations (Universal Foundations) at its Belfast facilities. The contract forms part of an overall project secured by Fred. Olsen United AS with Forewind Ltd. for the construction, delivery and installation of two
AXSMarine, a shipping software company providing online chartering tools coupled with an array of in-house databases, is launching an enhanced version of its tanker software. AXSTanker, a unique and exclusive service offering reserved for tanker brokers only, has evolved to adapt to new market requi
PTT Exploration and Production Public Company Limited (PTTEP) had an operating result of the third quarter of this year close to the result of the previous quarter. The company made due preparations to deliver first natural gas from Bongkot South Field and crude oil from Montara Field next year whil
Oceaneering International, Inc. today reported third quarter earnings for the period ended September 30, 2011. On revenue of $602 million, Oceaneering generated net income of $78.6 million, or $0.72 per share. These results include an $18.3 million pre-tax gain, $11.9 million after tax using an incr
