Mermaid Maritime Public Company Limited (“Mermaid”) refers to its previous announcement dated on 08 November 2010 titled: Announcement of Cessation of ‘MTR‐1’ Contract, where Mermaid announced the cessation by Cudd Pressure Control Inc. (“Cudd”) of the accommodation barge services contract for the ‘
Eni Norge has awarded a 4-year contract to Kuehne + Nagel to provide integrated transport, forwarding and customs clearance services. Eni Norge is part of the Italian integrated energy company Eni and operates in oil & gas exploration and production. The new agreement encompasses the provision of lo
Havila Saturn, a Havyard 842 design, is sold on from Havila Shipping ASA with a considerable profit to an international buyer. The AHTS vessel delivered in 2008 from Havyard Leirvik AS was the first ever Havyard design. With the ship now being sold on at a good profit only confirms that the Havyard
BP’s fourth-quarter replacement cost profit was $4,614 million, compared with $3,447 million a year ago. For the full year, replacement cost loss was $4,914 million compared with a profit of $13,955 million a year ago. The group income statement for the fourth quarter and full year reflects a pre-ta
GE today announces the appointment of new company officer. GE currently has 194 GE officers globally. GE officers lead large revenue generating businesses or are in critical functional roles, helping to drive growth. Anne M. McEntee, 40, has been appointed vice president of Dresser for GE Energy Ser
Maersk Drilling, an entity within the A.P. Moller – Maersk Group, has signed a contract with Keppel FELS Limited in Singapore for the construction of two ultra harsh, high capacity jack-up drilling rigs. The first rig is scheduled for delivery at the end of 2013, with the second rig following seven
Tordis and Vigdis, subsea fields in the North Sea, recently achieved production of a hundred million cubic metres oil. And there’s still a lot more to come. They’ve worked hard and steadily on the seabed for years; Tordis since 1994, Vigdis since 1997. They recently notched up an overall production
Highlights: Record full year subsea systems orders of $4.1 billion Record full year Company operating profit of $633 million Company provides 2011 guidance for diluted earnings per share of $3.20 to $3.40 FMC Technologies, Inc. today reported fourth quarter 2010 revenue of $1.1 billion and diluted e
Viking Supply Ships AS announces that Thomas Heggland Nordbø has accepted the position as Charterer. Thomas has a BSc in Maritime Business with Law from University of Plymouth and has a broad background from Chartering, Logistics, Operation and Broking within the shipping and offshore segment. Vikin
The Board of Directors of Seadrill Limited (“Seadrill”) have decided to create a new drilling company focusing entirely on harsh environment operations. To achieve that Seadrill will spin off its operations in the North Atlantic Basin into a new subsidiary, the North Atlantic Drilling Limited (“NADL
Marathon Petroleum Norge AS, operator of production licence 340 BS, has completed drilling of wildcat well 24/9-10 S and appraisal well 24/9-10 A. The wells were drilled about 30 kilometres south of the production ship on the Alvheim field in the mid-North Sea. The purpose of the wells was to prove
Norske Shell AS has signed a letter of intent with AGR Drilling Services for a contract worth NOK84m (£9m). AGR Drilling Services’ excavation and trenching technology has been chosen by Shell for the next phase of its extension project in the northern part of the Ormen Lange field. Four new engineer
Operating revenue for the quarter amounted to USD 74.5 million (USD 73.4 million). EBITDAFX was USD 31.7 million (USD 18.5 million). Operating profit was USD 1.8 million (loss of USD 19.5 million), and net loss was USD 68.6 million (net loss of USD 66.4 million). Operating revenue was USD 1.1 millio
President Barack Obama today announced his request for $358.4 million to fund the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) in fiscal year 2012. This represents a $119.3 million, or 50 percent, increase above the 2010 enacted level, after adjusting for funding transferre
