MesoCoat, Inc., has recently signed a Cooperation Agreement with Petroleo Brasileiro S.A. (Petrobras), to develop and qualify MesoCoat’s „CermaClad™‟ process for the application of CRA (corrosion resistant alloys) to the internal and external surfaces of pipes using proprietary High Density InfraRed
Keppel FELS Limited (Keppel FELS) has secured new orders from Clearwater Capital Partners, LLC (Clearwater) to build a pair of premium KFELS B Class jackup rigs at US$360 million. The two high specification jackups are scheduled for delivery in 1Q 2013 and 2Q 2013 respectively. As part of the agreem
THE MONEY the Royal family receives from offshore wind farms will be capped, the Treasury has said, following reports that its income could… [mappress] Source: The Daily Telegraph, January 24, 2011
Fugro Brasil, along with consortium partner IPEX, has recently been awarded a deep water drop coring project by the ANP (National Oil & Gas Agency) for the Ceará Basin development plan in the north-east of Brazil, in order to increase knowledge of the equatorial margin basins. The project, valued at
The 4th edition of Navingo’s Offshore Energy Exhibition & Conference will move to Amsterdam RAI. Offshore Energy 2011 will take place on 11 and 12 October 2011. The event will now include one extra day. The extra day has a lot to offer visitors and exhibitors alike. Visitors will not have to miss an
The launch ceremony for the 30,000m³ trailing suction hopper dredger CONGO RIVER took place on 21 January 2011 at the IHC Merwede shipyard in Krimpen aan den IJssel, The Netherlands. IHC Merwede is building the impressive ship for the DEME Group and the CONGO RIVER is one of the largest ships in the
Reliance Industries Limited (RIL) today reported its financial performance for the quarter / nine months ended 31st December, 2010. Highlights of Nine Months Performance * Turnover increased by 30.9% to ` 183,368 crore (US$ 41.0 billion) Exports increased by 29.2% to ` 100,995 crore (US$ 22.6 billio
GE announced today strong fourth-quarter 2010 earnings from continuing operations (attributable to GE) of $3.9 billion, or .36 per share, up 33% from the fourth quarter of 2009. Revenues grew to $41.4 billion for the quarter, the company’s first positive growth in nine quarters. “GE ended 2010 with
GE announced today strong fourth-quarter 2010 earnings from continuing operations (attributable to GE) of $3.9 billion, or $0.36 per share, up 33% from the fourth quarter of 2009. Revenues grew to $41.4 billion for the quarter, the company’s first positive growth in nine quarters. “GE ended 2010 wit
Wood Mackenzie’s latest analysis of the UK upstream oil and gas industry finds that the steady recovery seen in 2010 will continue in 2011. Returning confidence will see capital investment nearly double from £4.4 billion in 2010 to £7.7 billion ($12.3 billion) in 2011, leading to a temporary halt in
The status of the Nord Stream Pipeline construction and the considerations of the Szczecin and Swinoujscie Seaports Authority regarding deepening and expanding the ports and its approaches were the focal point of a meeting between Nord Stream representatives and a delegation of the Seaports Authorit
Eni signed a Memorandum of Understanding today with CNPC/Petrochina, the biggest listed national oil company in the world. The Memorandum of Understanding sanctions a broad spectrum of possible business opportunities to the benefit of both parties in China and internationally. In particular, the com
Schlumberger Limited today reported full-year 2010 revenue of $27.45 billion versus $22.70 billion in 2009. Full-year 2010 income from continuing operations attributable to Schlumberger, excluding charges and credits, was $3.60 billion, representing diluted earnings-per-share of $2.86 versus $2.78 i
Today, 21 January, the licensees in Visund South submitted a plan for development and operation (PDO) to the Ministry of Petroleum and Energy. Production start-up is scheduled for the third quarter of 2012. Visund South, which consists of the Pan and Pandora discoveries, is located 10 kilometres fro
