Heerema Marine Contractors (HMC) today announced the signing of a letter of intent with Daewoo Shipbuilding and Marine Engineering Co., Ltd., Korea (DSME), for the building of a new Deep Water Construction Vessel. The New-build will be an investment of US$ 600-700 million. For this investment HMC se
Aibel won the contract amid strong international competition. It embraces engineering, procurement, and construction of the platform deck and processing facility and mating with the steel jacket. The contract is worth about NOK 2.7 billion (Approximately USD $$431 Million). “This award followed stro
Noble Corporation reported second quarter 2010 earnings of $218 million, or $0.85 per diluted share, versus $392 million, or $1.49 per diluted share, for the second quarter of last year. Results for the quarter include approximately $0.06 per share due to a higher than anticipated effective tax rate
ATWOOD OCEANICS, INC., (NYSE: ATW) Houston-based International Drilling Contractor (the “Company”), announced today that effective August 11, 2010, Mr. Mark L. Mey will be elected Senior Vice President and Chief Financial Officer. Mr. James M. Holland, the Company’s current Senior Vice President and
The Ocean Energy Institute will be hosting a VIP celebration for the grand opening of its new office headquarters on Tuesday, July 20. The event is by invitation only and will then be followed by a public open house later at their offices in Rockland. Among the dignitaries scheduled to speak are Mai
In the 1970s the UK invested about 0.15% of GDP each year in research and development (R&D) into providing cheaper and cleaner energy. Britain was putting more public money into nuclear power and other new sources of electricity than almost any other economy.
In the 1970s the UK invested about 0.15% of GDP each year in research and development (R&D) into providing cheaper and cleaner energy. Britain was putting more public money into nuclear power and other new sources of electricity than almost any other economy.
Orion Marine Group, Inc. a leading heavy civil marine contractor serving the infrastructure sector, today announced a project award of approximately $26 million. Orion Marine Group’s wholly owned subsidiary, F. Miller Construction, LLC. recently received a project award from the Louisiana Department
RWE Dea will be investing 3.6 billion US-Dollars in the field development in the North Alexandria and West Mediterranean Deep Water concessions – the biggest single investment for the upstream company to date. Together with the Egyptian Petroleum Minister Sameh Fahmy, the Egyptian state-owned compan
Dril-Quip, Inc. announced that it has been awarded a contract valued at approximately US $100 million by FloaTEC de Mexico S.A. de C.V. to supply drilling and production equipment for the P-61 Tension Leg Wellhead Platform (TLWP) to be installed in the Papa Terra field located in the Campos Basin of
Halliburton announced today that income from continuing operations for the second quarter of 2010 was $474 million, or $0.52 per diluted share. Net income for the second quarter of 2010 was $480 million, or $0.53 per diluted share. This compares to net income for the first quarter of 2010 of $206 mi
Norwegian Energy Company ASA has entered into an agreement to sell its 20% interest in PL378 to Talisman Energy Norge AS for a consideration of USD 43 million. The license contains the Grosbeak oil discovery. “We are pleased to be part of the exploration success and to be able to monetize the Grosbe
The Michigan Great Lakes Wind Council will hold meetings in Dearborn and Grand Rapids this week to get input on development of offshore wind… By Dustin Dwyer (publicbroadcasting) [mappress] Source: publicbroadcasting, July 19, 2010;
BW Offshore has signed a contract with Kangean Energy Indonesia (“KEI”) for a gas FPSO to operate on the Terang Sirasun Batur (“TSB”) fields in Indonesia. The partners of KEI are PT Energi Mega Persada (50.0%), Mitsubishi Corporation (25.0%) and Japan Petroleum Exploration (25.0%). BW Offshore has s
