FULL YEAR 2010 RESULTS • Revenue of €6.082 million, of which €2,732 million in Subsea • Group operating margin of 10.2% • Net Income of €418 million • Total Net cash of €1,332 million • Backlog of €9.228 million, underpinned by order intake of €2.473 million during fourth quarter 2010 • Recommendati
On February 15, 2011, Technip’s Board of Directors approved the audited full year 2010 consolidated accounts. Chairman and CEO Thierry Pilenko commented: “In 2010: Technip reinforced its focus on profitable and sustainable growth. “Our revenues for 2010 were at the top end of our expectations at €6.
BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy is set to broaden its capabilities in the Asia-Pacific region with the successful acquisition of port and harbour engineering specialists, JFA Consultants Pty Ltd based in Perth, Western Australia.
The Norwegian Petroleum Directorate (NPD) has granted Nexen Exploration Norge AS a drilling permit for wellbore 6507/8-8, cf. Section 8 of the Resource Management Regulations. Well 6507/8-8 will be drilled from the Songa Delta drilling facility in position 65°16’52.53” north and 7°25’29.91” east fol
Tap Oil Limited provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia. Location / Proposed Depth The Zola-1 well is located in permit WA-290-P, immediately south of the giant Gorgon gas field in the Carnarvon Basin, Western Australia. The well is b
CAMAC Energy Inc. , a U.S.-based energy company engaged in the exploration, development and production of oil and gas, today announced that on February 15, 2011, it completed the acquisition of the remaining interest held by Allied Energy Plc and certain of its affiliates (“Allied”) in a Production
The Norwegian Petroleum Directorate (NPD) has granted Marathon Petroleum Norge AS a drilling permit for wellbore 25/10-11, cf. Section 8 of the Resource Management Regulations. Wellbore 25/10-11 will be drilled from the Transocean Winner drilling facility at position 59° 12’ 48.06” north and 02° 07’
STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, announces that it has secured a new contract for the design and construction of a Platform Supply Vessel of own design for an undisclosed international customer. The vessel i
Hyperdynamics Corporation announced today that Andrei Orlov has joined the company as Vice President for Business Development based in London, England. Orlov most recently was a Regional Director of Foster Wheeler, a global engineering and construction firm, and prior to that, Vice President for Bus
Statoil’s internal investigation into the gas leakage on the Gullfaks B platform in the North Sea on 4 December 2010 has been concluded and the report presented to the Petroleum Safety Authority Norway. A pipeline was being replaced, following the completion of maintenance on a choke valve, when a g
Rolls-Royce, the global power systems company, has won a £20 million (USD$ 32.3 million) order from Chinese conglomerate Sinopec to design and equip a specialist seismic research vessel. When operational it will carry out detailed surveys of the seabed to identify oil and gas reserves. The contract
SGS announces its attendance at Gastech 2011 from March 21 to 24. Having attended for a number of years, SGS will be exhibiting along with the world’s leading gas industry experts at the Amsterdam RAI, where Gastech 2011 will take place. SGS will be presenting its wide range of services for the oil,
Petroleum Geo-Services ASA (PGS) has signed a Letter of Award with Mitsubishi Heavy Industries Ltd. for the delivery of two Ramform W-class vessels, with the option for another two ships. The vessels are the first in the new, fifth generation Ramform series. Planned deliveries of the two first vesse
ABB, the leading power and automation technology group, has signed a cooperation agreement with Canyon Offshore for trenching services to support ABB’s subsea high-voltage cable installation projects. “Subsea cables are increasingly being deployed for interconnections and offshore wind integration p
