Helix Energy Solutions Group, Inc. reported net income of $46.0 million, or $0.43 per diluted share, for the third quarter of 2011 compared with net income of $26.2 million, or $0.25 per diluted share, for the same period in 2010, and net income of $41.3 million, or $0.39 per diluted share, in the s
Miclyn Express Offshore announced that it has entered into an agreement to purchase four new Crew/Utility Vessels from a Singaporean shipyard. Two vessels will be delivered in December 2011, with the remaining two to be delivered in April 2012. These vessels are targeted for deployment in the Middle
ShawCor Ltd. yesterday announced that its pipecoating division, Bredero Shaw, has been awarded a number of contracts with a total value in excess of US$40 million from Subsea 7, a global leader in seabed-to-surface engineering, construction and services, to provide flow assurance pipecoatings in sup
Cameron yesterday announced it has closed on its purchase of LeTourneau Technologies Drillings Systems and Offshore Products divisions from Joy Global Inc. for approximately $375 million in cash. Cameron Chairman and Chief Executive Officer Jack B. Moore said, “We are pleased to add LeTourneau Techn
Apache Corporation today announced that John Hendrix has been appointed general manager of the company’s Alaska operations and will be based in Anchorage. Hendrix, who grew up in Homer, Alaska, has been general manager of Apache’s Qarun Petroleum Co. joint venture in Egypt since 2006. He joined the
The Offshore business stream of the Penspen Group, Andrew Palmer & Associates, has been contracted to provide the Front End Engineering Design (FEED) for EPC Offshore Limited (EPC) in support of Ithaca Energy’s Greater Stella Area (GSA) Development. Under the terms of agreement, Penspen will provide
Chevron Corporation announced today that its Thailand subsidiary has commenced natural gas production from the Platong II project in the Gulf of Thailand. The $3.1 billion project is expected to ramp up production to 330 million cubic feet per day. The natural gas will feed growing demand for energy
Normal operation was restored on the Statoil-operated Grane field in the North Sea on 18 October, ending a substantial reduction in output since early October. The cut-back was caused by problems with the gear shaft on the platform’s injection compressor following an extensive overhaul of this equip
Premier announces the start of gas production from the Gajah Baru field in the Natuna Sea Block A in Indonesia. Premier has achieved first gas after receiving ministerial consent to complete commissioning at an expected rate of up to 50 bbtud. In the meantime the previously announced gas swap docume
Four new vessels to augment the fleet of the Ghana Navy have arrived at the Home Port of the Western Naval Command. With the arrival of the… Source: Ghanabusinessnews [mappress] Source: Ghana Business News , October 24, 2011;
Kongsberg Oil & Gas Technologies (KOGT), a wholly-owned subsidiary of Kongsberg Gruppen ASA, has signed an agreement to supply a flexible risers and umbilicals installation system for the ‘Capstan Reel Installation System’ (CRIS), to the Offshore Installation Group (OIG). The patented CRIS design si
Ben Line Agencies announces the opening of its 100th office in Asia. Following the 150th anniversary celebration in 2009 this landmark event in the company’s history further cements Ben Line Agencies’ position as the leading shipping services provider with the most comprehensive office network in As
On October 12th 2011, PTSC Geos and Subsea Services Co., Ltd together with Fugro Singapore Pte Ltd., (Fugro) held the signing ceremony of Memorandum of Understanding about cooperation in Geotechnical survey services. Being one of the world’s leading companies in the field of Geophysical, Geotechnica
Statoil has awarded ABB a contract for the electric drive system for the two new pre-compressors on the Troll A platform in the North Sea. The contract is worth approximately $270 million Statoil and its partners in the Troll licence on the Norwegian continental shelf (NCS) decided in September to i
