A decision has been made to maintain the current shareholder structure at IHC Merwede. The IHC Merwede Supervisory Board – in addition to all of the current shareholders – is comfortable with the financial strength of the company for the next year. With the support of JP Morgan and Rabobank M&A, IHC
The KSB Group will deliver cryogenic butterfly valves for 20 liquefied gas tankers by the end of 2012. Each of the ships will be supplied with about 80 of these expensive special valves that are technically demanding to manufacture. Norwegian, Greek and Russian shipping companies are the contractors
Leading international oilfield service company Expro announced today its Latin America team has been awarded a new multi-million dollar wireline contract with Petrobras in Brazil. As part of the four-year contract, Expro will provide 20 packages of slickline equipment and personnel to operate them.
Since the 1970s, when early autonomous underwater vehicles (AUVs) were developed at MIT, Institute scientists have tackled various barriers to robots that can travel autonomously in the deep ocean. This four-part series examines current MIT efforts to refine AUVs’ artificial intelligence, navigation
Gulfstream Services Inc, provider of cutting edge equipment to the international oil and gas industry, has been awarded a certification of ISO 9001:2008 for both its UK & US operations. This prestigious accreditation is recognised worldwide and was awarded to both Gulfstream Services Inc covering it
According to official studies, the theoretical worldwide generation potential of tidal energy has been estimated at over 7,800 TWh/year. Working to support the growth in this emerging sector of the renewable energy industry, tidal energy experts from GL Garrad Hassan are aiding Kawasaki Heavy Indust
Reef Subsea AS announced Friday (November 11) that they have acquired from Rotech Group 100% of their Rotech Subsea group of companies headquartered in Aberdeen, Scotland. With this friendly and strategic acquisition, Reef Subsea creates a world leader in Seabed Dredging and Mass Flow Excavation ser
The new quay side container crane arrived at the Freeport Container Port arrived on Friday and has been given the designated name Crane 11… By Andrew Coakley (nassauguardian) [mappress] Source: nassauguardian, November 13, 2011;
Hamworthy has secured a contract for the supply of regasification technology on board what are understood to be the world’s first newbuild Floating Storage and Regasification Units (FSRUs). Two 170,000m3 storage capacity vessels, owned by Hoegh LNG, are being built at the world’s largest shipbuilder
Aker Solutions has signed a contract with Lundin for the engineering, procurement and construction of a subsea production system for the Brynhild project on the Norwegian continental shelf. The contract value is approximately NOK 700 million (USD 123 Million). The scope of work includes one template
Aker Solutions has signed a contract with Lundin for the engineering, procurement and construction of a subsea production system for the Brynhild project on the Norwegian continental shelf. The contract value is approximately NOK 700 million. The scope of work includes one template-manifold structur
Deep Down, Inc. , an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today reported $606 thousand of net income for the third quarter of 2011, an improvement of $5.0 million, or greater than 800 percent, over the same period
RBG has launched its new ‘iBolt’ flange integrity management software that improves the safety, efficiency and cost-effectiveness of bolting operations. The easy to use, web-based system provides a complete auditable record of all activity carried out on flange management workscopes from topside to
VideoRay LLC, the leading manufacturer of Inspection ROVs, and Teledyne RD Instruments, the leading manufacturer of acoustic Doppler navigation products, announce that collaborative efforts to integrate Teledyne RDI’s Doppler Velocity Log (DVL) on board VideoRay’s Pro 4 have proven successful. Throu
