Aker Solutions’ operating revenues in the third quarter of 2011 were NOK 8.56 billion (Approximately 1.5 billion). Earnings before interest, tax, depreciation and amortisation amounted to NOK 322 million. Order intake in the quarter was NOK 8 billion. “Our subsea challenges in Brazil are well known.
RBG has enhanced its subsea service capability with the launch of two purpose-built dive intervention craft (IC). The launch was announced by RBG’s new Marine & Subsea director, Roddy James, who joined the company in October 2011 from STS having previously served as global account director, oil & ga
Eni announces that Mellitah Oil & Gas, the Joint Venture operating company (NOC 50%, Eni 50%) in Libya, has restarted today gas production from the offshore platform of Sabratha. Production will start at 4-5 Million cubic metres per day and will gradually increase to reach 11-13 Mcmd during the mont
UAE-based Topaz Energy and Marine, a leading oilfield services multinational and subsidiary of Renaissance Services, has announced a US$ 380 million financing initiative, led by Standard Chartered Bank and DVB Bank. The initiative will involve both regional and international lenders in a refinancing
The successfully delivered project confirms the status of the Kerch Shipyard Zaliv as the active participant of the world market of offshore shipbuilding. The vessel “Polarcus Adira” (building number 01293) purposed for seismic shelf research became the seventh built by Zaliv within the cooperation
Mr. Ola Borten Moe, Norwegian Minister of Petroleum and Energy, has invited oil companies to nominate blocks that ought to be included in the 22nd licensing round on the Norwegian continental shelf. The invitations have been sent to all licensees on the shelf and pre-qualified companies. By this inv
Operating profit for the third quarter came to USD 69 million and net profit amounted to USD 62.8 million. The utilisation of the rig fleet was 91 per cent. Financials (Figures in brackets refer to the corresponding period of 2010) Operating profit for the third quarter amounted to USD 69.0 million
Luis Araujo and Erik Wiik have been appointed regional managers for Aker Solutions in Brazil and North America respectively. The regional managers will develop a common Aker Solutions strategy and co-ordinate customer approach in the regions. They will report to Aker Solutions’ CEO. The appointment
South African petrochemicals group Sasol is looking for partners to help it develop its Sofala offshore Mozambican gas block, a conference h… Reporting by Ed Stoddard and Wendell Roelf (Reuters) [mappress] Source: Reuters, November 2, 2011
Nexans, a worldwide leading expert in the cable industry, has been awarded a 75 million euro contract by Statoil to design, manufacture and supply a total of 165 km of static and dynamic power umbilical and power cables, as well as necessary accessories, for the Åsgard oil and gas field in the Norwe
Global joint integrity specialist and engineering services company Hydratight has appointed Syed Taqvi as global marketing leader. Syed joins the company from GE Oil and Gas, where he was marketing director for subsea equipment and marketing integration leader for ESP, acquired by GE in 2011. Prior
On Tuesday November 8, Federal Chancellor Angela Merkel – together with President Dmitry Medvedev and the Prime Ministers of France François Fillon and the Netherlands Mark Rutte and EU Energy Commissioner Gunther Oettinger – will formally inaugurate the first of Nord Stream’s twin 1,224 kilometre g
Hereema Marine Contractors Nederland B.V Inc. (“HMC”) has awarded a contract to BMT Fluid Mechanics in partnership with BMT ARGOSS, to provide Tow Simulation Services for the inshore tow of Chevron-operated Jack St. Malo and Big Foot Production Platforms to be installed in the Gulf of Mexico. BMT wi
Norwegian offshore oilfield engineer Subsea 7 posted lower-than-expected third-quarter earnings on Wednesday, with results still hit by marg… By Victoria Klesty (Reuters) [mappress] Source: Reuters, November 2, 2011
