Kenmare Resources plc, an Irish incorporated mining company, has just released a trading update for the first quarter ending 31 March 2016. The principal activity of the Group is the operation of the Moma Titanium Minerals Mine which is located on the north east coast of Mozambique and has been in c
U.S. Senators Charles E. Schumer and Kirsten Gillibrand yesterday announced that the beach renourishment project at Smith Point County Park is complete. The project is part of the larger New York Fire Island to Montauk Point Reformulation Study known as FIMP. “After more than 50 years of planning an
New Montrose Bridge Linked Platform (BLP) topside, built by Heerema Fabrication Group’s Zwijndrecht yard for Talisman Sinopec, is heading to its final offshore destination in the UK sector of the North Sea. According to information published on Thursday on Heerema’s social media, the Montrose BLP to
Coast Center Base (CCB) has signed a nationwide contract with Statoil for the maintenance of subsea equipment and tools. The contract, which comes into effect immediately, includes demobilization, storage maintenance and overhauling of subsea equipment that forms part of Statoil’s underwater tools p
The second of two oceanographic and hydrographic vessels designed and built by OCEA in France for the Indonesian Navy was handed over following a commissioning ceremony in Jakarta. The KRI Spica (934), is the sister ship to the June 2015 delivered KRI Rigel (933), which is already on active survey d
Baker Hughes has seen its quarterly net loss widen by some 66% compared to the first quarter 2015 results as its revenue was chopped by lower activity. The oilfield services company posted net loss for the first quarter of $981 million, or $2.22 per diluted share, compared to net loss of $589 millio
Aker Solutions and ABB have joined forces to develop new oil and gas production solutions. The cooperation will integrate Aker Solutions’ subsea capabilities and ABB’s subsea power and automation system expertise. Reportedly, this partnership will deliver solutions that will enhance how production e
The largest provider of subsea equipment to the industry, FMC Technologies, has seen its first-quarter 2016 profits plunge close to 87 per cent on weak market activity and negative forex impact. The Houston-based subsea specialist generated net income of $19.8 million, or $0.09 per diluted share, on
Glassfiber Produkter has been awarded a contract from Aker Solutions as part of its Total Kaombo project in Angola. Kaombo is one of the world’s largest subsea developments, located in Block 32 about 150 kilometers off the coast of Angola. According to the company, the contract will see Glassfiber P
Seismic contractor, Polarcus has posted quarterly boost in profit as a result of the completion of its financial restructuring. Namely, restructuring resulted in a $224 million increase to book equity and $351 million reduction in the carrying value of debt. The Oslo-listed company reported net prof
During Knoop Machinery’s open days on the 29th and 30th of April in Tynaarlo, Damen will be exhibiting a hydraulically-driven DOP200 pump mounted on an amphibious Waterking excavator. Also on display will be an electrically-driven E-DOP200 pump. Damen DOP pumps are celebrating 25 years of service in
Technip has signed a four years extension of its five-year initial contract signed in January 2011 with Petrobras for its Flexible Pipes Logistic Base (BAVIT), located in Vitória, Brazil. The scope covers storage, handling, inspection, testing, load-out (two simultaneous vessel load-out points), int
Russian oil company Lukoil has moved a step forward in the development of its Caspian Sea oil project. Namely, Russia’s largest privately held oil company has started driving in marine risers into Vladimir Filanovsky offshore oil field, located 50 kilometers offshore, in the Russian section of the C
Young CEDA Commission’s first meeting in the year was hosted by CEDA Corporate Member DHI in Copenhagen. Members of the Commission were welcomed by Ida Broker, Member of the CEDA Board, Klavs Bundgaard, member of the CEDA Environment Commission and Anders Jensen former CEDA President. With four new
