Following the success of the shallow-water real-time imaging sonar, Gemini 720i, Tritech has launched a deep-rated version of the popular sonar, Gemini 720id. Available now in 300m and 4000m versions, Gemini is a forward-looking sonar which utilises an array of transducers to provide a 120º field of
Bergen Group announced a strong boost in the group’s order book during Q4 2010. At the same time, the profit margin is considerably improved compared with the previous quarter. “The general outlook for the group’s market areas are considered positive in both short and long term”, says CEO Pål Engebr
Anadarko Petroleum Corporation today announced a discovery at the Teak-1 exploration well in the West Cape Three Points Block offshore Ghana, where Anadarko owns a 30.875-percent working interest. The Teak-1 well encountered a total of approximately 240 net feet of oil, condensate and natural gas pa
Fairstar Heavy Transport NV (FAIR) announced today an EBITDA loss of USD 2.7 million for the Fourth Quarter of 2010. Fleet utilization of FJORD and FJELL for the quarter was 32%, the lowest level ever experienced by Fairstar since the FJORD and FJELL went into service in 2008 and 2009 respectively.
The Transportation Safety Board (TSB) has completed its thorough investigation into the cause and contributing factors behind the crash of Cougar Flight 491. The TSB report provides very valuable insight into the reasons for the accident and the factors that played a role in the tragedy. Arising fro
Wärtsilä’s Board of Directors has appointed Mr Björn Rosengren M.Sc. (Tech.), born 1959, as the new President and CEO of Wärtsilä Corporation. He will assume the position on 1 September 2011, succeeding Mr Ole Johansson, who will retire. Currently Mr Rosengren works as Senior Executive Vice Presiden
Beach advises it intends to make a non-cash accounting adjustment to the carrying value of its Basker-Manta-Gummy project (BMG). A nominal value for BMG will be retained while options are evaluated for a potential Phase 2 gas and liquids development project. As part of its bi-annual impairment revie
-OGX Petróleo e Gás Participações S.A. (“OGX”) , the Brazilian oil and gas company responsible for the largest private sector exploratory campaign in Brazil, announced today the accomplishment of an important step necessary for initial production. The Company concluded the drilling of the horizontal
Transocean Ltd. announced that its high-specification semisubmersible rig Transocean Leader has been awarded a three-year contract by a subsidiary of Statoil ASA for operations in Norway. The contract, which has a one-year extension option, is expected to commence in direct continuation of the rig’s
Ensco plc announced today that one of its subsidiaries has finalized a fixed-price shipyard construction contract with Keppel FELS Limited (“KFELS”) in Singapore for construction of two new ultra-premium harsh environment jackup rigs. Including commissioning, system integrated-testing and project ma
Polarcus Limited announced that the official steel cutting ceremony of newbuild NB292 took place on 07 February 2011. Vessel NB292 is the first of two newbuilds ordered from Ulstein Verft AS of Norway and announced by Polarcus on 18 November 2010. The vessels are being built to the ULSTEIN SX134 des
Safety regulators from all over the world will be meeting in Stavanger this autumn to review follow-up activities in the wake of the Deepwater Horizon disaster. The International Regulators’ Forum (IRF) conference in Vancouver last autumn resolved to hold an extraordinary session during 2011 to upda
Chevron Corporation today announced a further drilling success in the Carnarvon Basin offshore Western Australia, Australia’s premier hydrocarbon basin. The Orthrus-2 well is located in the WA-24-R permit area approximately 60 miles (100 kilometers) northwest of Barrow Island. The well was drilled t
Gas pumped from the East Natuna block will be allocated for domestic use only, the government says. [mappress] Source:Jakarta Post, February 9, 2011;
