Cairn Energy PLC, the Edinburgh-based oil and gas exploration and production company, has successfully deployed Centek’s Itsfu Auto Fill Sub in drilling operations in its 2011 Greenland Drilling campaign. The Itsfu provides controlled drill string filling in one third of the time of alternative met
Eni announces that the discovery of gas made in the exploratory prospectus of Mamba South 1, Area 4 offshore Mozambique, is about 50% larger than what announced by the Company on October 20th. During deepening of the well, it encountered a new separated pool that contains a potential of up to 7.5
Oceaneering International, Inc. 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 incrementa
Vattenfall reports an operating profit for the third quarter 2011 of SEK 4,447 million (5,829). The underlying profit has improved, and the Group delivered on its strategy of streamlining operations and consolidating its financial position. “The lower earnings for the third quarter than the correspo
Vattenfall reports an operating profit for the third quarter 2011 of SEK 4,447 million (5,829). The underlying profit has improved, and the Group delivered on its strategy of streamlining operations and consolidating its financial position. “The lower earnings for the third quarter than the correspo
Paul Anderson, JAXPORT CEO, testified yesterday before the U.S. House of Representatives’ Water Resources and Environment (WR&E) Subcommittee of the Transportation and Infrastructure Committee at a hearing titled: “The Economic Importance of Seaports: Is the United States Prepared for 21st Century T
Cairn Energy PLC, the Edinburgh-based oil and gas exploration and production company, has successfully deployed Centek’s Itsfu Auto Fill Sub in drilling operations in its 2011 Greenland Drilling campaign. The Itsfu provides controlled drill string filling in one third of the time of alternative meth
Knutsen NYK Offshore Tankers AS, of which NYK has a 50% share, has signed a time-charter party with Ente Nazionale Idrocarburi S.p.A, an Italian multinational oil and gas company. The contract is for two shuttle tankers for a maximum 10-year period starting from summer 2013. Two new 123,000 DWT Suez
CGGVeritas announced that the first project for its recently launched Oceanic Sirius X-BOW® seismic vessel will be a 3D BroadSeis™ survey on the Avaldsnes field, potentially estimated to be the third largest oil discovery in Norway, on behalf of Lundin Petroleum. The Oceanic Sirius joined the CGGVer
At 07.00 BST (08.00 CEST and 02.00 EDT) on Thursday 27 October, 2011 Royal Dutch Shell plc released its third quarter results and third quarter interim dividend announcement for 2011. Royal Dutch Shell’s third quarter 2011 earnings, on a current cost of supplies (CCS) basis (see Note 1), were $7.2 b
On October 25, 2011, Technip’s Board of Directors approved the third quarter 2011 consolidated accounts. Third Quarter 2011 Results • Revenue of €1,699 million, of which €754 million in Subsea • Group operating margin4 of 10.6%: 16.9% in Subsea and 7.1% in Onshore/Offshore • €2,352 million of order
Forum Energy Technologies, Inc. (Forum) announced the entry into an agreement with MRTS, an operator of offshore pipe laying vessels based in Moscow, Russia, to sell two Perry™ XLX ROVs (Remotely Operated Vehicles). This will mark the first sale of work-class ROV systems from Forum Subsea Technologi
South Boats Special Projects Ltd. and Wind Wave Workboats Ltd. announce the two companies have signed a contract for the construction for the ‘Freddie S’, a first of class South Boats 17m Vigilante catamaran. The vessel will be built at South Boats’ new facility in Cowes and will be delivered in Aug
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
