Aker Solutions’ operating revenues in the second quarter of 2011 were NOK 7.8 billion. Earnings before interest, tax, depreciation and amortisation amounted to NOK 636 million. Order intake in the quarter was NOK 14.3 billion. “We have a strong order intake which reflects high tendering and activity
Further to the announcement and the press release dated 23 June 2011 in relation to the AHTS’ receipt of its maritime class certification from Det Norske Veritas, the Board of Directors of Otto Marine Limited announced that it has entered into a letter of intent dated 10 August 2011 to sell the AHTS
DECOM North Sea member company, PDL Solutions (Europe) Limited, have been awarded a framework agreement with Shell UK Ltd to provide advanced Computational Fluid Dynamics (CFD) and Finite Element Analysis (FEA) support to the Shell UK engineering team on the Brent Decommissioning Project. PDL are a
Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P., today reported the Partnership’s results for the quarter ended June 30, 2011. During the second quarter of 2011, the Partnership generated distributable cash flow of $42.6 million, compared to $28.1 million in the same
Deepwater mooring specialist, First Subsea, has been awarded a contract by Chevron U.S.A. Inc. to supply the mooring connectors for the Jack & St. Malo semisubmersible hub production facility in the Jack and St. Malo fields located approximately 280 miles south of New Orleans, Louisiana, in water de
Norddeutsche Reederei H. Schuldt (NRS) and Germanischer Lloyd (GL) signed a global cooperation agreement today covering all areas of classification as well as flag state supervision of the ships of Norddeutsche Reederei H. Schuldt sailing under GL class. As one of the world’s leading container and t
Nautical Petroleum plc announces that the Kraken 9/02b-5 pilot well, located in UKCS North Sea Block 9/2b, has successfully encountered oil in the Heimdal III sandstone interval. The pilot well was drilled to a total depth of 4,785 feet Measured Depth (MD). The top of the target Heimdal III reservoi
Aker Solutions has secured a contract with Murphy Sabah Oil Co., Ltd. to deliver a subsea production system for the Kikeh subsea expansion project off the coast of Sabah in East Malaysia. Contract value is undisclosed. The scope of work includes the delivery of deepwater oil production equipment suc
The UK Chamber of Shipping has urged the international shipping industry to keep the door open on all options to drive a reduction of its carbon emissions. The Chamber is leading the debate by launching ‘manuals’ on the two main options. This is the first time an attempt has been made to set out the
Siemens Industry, Inc today announced it has been awarded a multi-million dollar contract to equip two platform supply vessels (PSVs) with its unique diesel electric propulsion solution at Fincantieri Marine Group’s Bay Shipbuilding Company in Sturgeon Bay, Wis. A Tidewater Inc. subsidiary will cons
Aker Solutions has secured a contract with Murphy Sabah Oil Co., Ltd. to deliver a subsea production system for the Kikeh subsea expansion project off the coast of Sabah in East Malaysia. Contract value is undisclosed. The scope of work includes the delivery of deepwater oil production equipment suc
The “Rossita” is the vessel tasked with transporting radioactive material from the dismantlement of Russian nuclear submarines. RS completed survey over construction of a new vessel for the carriage of irradiated nuclear fuel. The modern vessel Rossita with displacement equal to 4 000 t was designed
Murmansk hosted Wednesday a working meeting between Alexander Ananenkov, Deputy Chairman of the Gazprom Management Committee and Dmitry Dmitrienko, Governor of the Murmansk Oblast. The parties discussed the prospects for developing the regional shipbuilding sector placing an emphasis on a possible r
BMT Defence Services Ltd, a subsidiary of BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy, has announced the promotion of Tim Hardy to the role of Head of Naval Engineering. Tim will lead a team of more than 60 people comprising some of the indus
