Oceaneering International, Inc. reported record fourth quarter and annual earnings for the periods ended December 31, 2012. For the fourth quarter of 2012, Oceaneering earned net income of $80.6 million, or $0.74 per share, on revenue of $780.9 million. During the corresponding period in 2011, net i
Rosneft and ExxonMobil have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include an additional approximately 600,000 square kilometers (150 million acres) of exploration acreage in the Russian Arctic and potential participation by Rosneft (or its affiliate)
North East Lincolnshire Council has approved a Local Development Order (LDO) for a 3.6 hectare part of the Enterprise Zone on Grimsby Docks, which is set to attract companies involved in renewable energy development. The LDO will simplify the planning process, thus enabling easier acquirement of pla
A NORTH WEST based commercial diving and specialist offshore services company has been awarded a major contract to support the construction of Gwynt y Môr Offshore Wind Farm in Liverpool Bay. Hughes Sub Surface Engineering (HSSE), with offices in Bootle, Mostyn and Staines, won a £5million contract
Providence Resources P.l.c. (“Providence”), announces that it has surrendered the Foreshore Licence (“Licence”) granted over an area in the Kish Bank Basin, offshore Dublin. The Licence was awarded by the Foreshore Unit of the Irish Department of Environment, Community and Local Government on 27th S
Coast Guard Marine Safety Detachment Kodiak personnel are working with the U.S. Fish and Wildlife Service in response to the sinking of the FWS research vessel Arluk in St. Herman’s Harbor, Kodiak, on Friday. Lazy Bay LLC personnel, under contract by the FWS, plugged openings in the sunken vessel an
FMC Technologies, Inc. reported fourth quarter 2012 revenue of $1.8 billion, up 23 percent from the prior-year quarter. Diluted earnings per share were $0.50 compared to $0.41 in the prior-year quarter. This included a charge related to the 2012 Multi Phase Meters earn-out adjustment of $17.5 millio
Chevron’s Big Foot and Jack/St. Malo development projects in the deepwater Gulf of Mexico are major components in Chevron’s long-term growth plan. Big Foot will be Chevron’s sixth operated facility in the deepwater Gulf of Mexico and located approximately 225 miles (360 km) south of New Orleans, Lou
International certification and classification society, the RINA Group, has been awarded a contract with the Danish company Femern A/S for the verification of the railway interoperability and safety requirements of the Fehmarnbelt Fixed Link. That is an underwater tunnel that will link Germany and D
The Research Vessel Kaiyo has been deployed on a research cruise by the Japan Agency for Marine-Earth Science and Technology since January 18, 2013. The long-term borehole observatory, which was installed by the Deep Sea Drilling Vessel Chikyu beneath the seafloor of the Kumano Basin off the Kii Pen
Statoil and its partners have chosen a development concept for the Skrugard field in the Barents Sea. The concept includes a floating production unit with a pipeline to shore and a terminal for oil from the Skrugard field at Veidnes outside Honningsvåg in Finnmark. The field is scheduled to come on
Rapidly-evolving energy production technology services company Proserv has secured two major contract wins worth in excess of £15 million for work in the North Sea, further strengthening the company’s market-leading position in the subsea controls and communications field. The first deal is with TAQ
MPRL E&P Pte Ltd. (“MPRL E&P”), the only independent E&P company operating in both onshore and offshore Myanmar, announces the award of a full-fold 1,720 km2 survey in water depths from 1,600 to 2,000 m to Polarcus UK Ltd (“Polarcus”). Polarcus has allocated to this campaign the MV Adira, delivered
Polarcus Limited (“Polarcus” or the “Company”) announces the release of its fourth quarter and preliminary full year 2012 financial statements. Highlights in the fourth quarter 2012: – Revenues of USD 140.4 million, up 34% from Q4 11 – EBITDA of USD 56.6 million, up 82% from Q4 11 – EBIT of USD 27.6
