Kreuz Holdings Limited, a subsea service provider for the oil and gas industry, reported that the Group’s revenue increased 12.7% to US$61.3 million for the three months ended June 30, 2012 (“2Q2012”) as compared to US$54.4 million in the previous corresponding period (“2Q2011”). Net profit was US$1
Octopus, a 414 foot megayacht, one of the world’s largest private superyachts, is the latest to set sail on an expedition to study a British battleship lost during World War II. The HMS Hood was sunk during a battle in the North Atlantic in 1941. This 40,000 ton wreck, which was located 11 years [&h
FoundOcean has completed foundation grouting for three new platforms in the North Sea. The contracts were awarded by Heerema Marine Contractors (HMC). All three jackets were designed using pile-to-sleeve connections and fabricated with grout line connections above the waterline. The first project wa
Seajacks Zaratan, the newest addition to Seajacks’ self-propelled jack-up fleet, was contracted to perform Operation and Maintenance (O&M) work on the Gunfleet Sands offshore windfarm, jointly owned by DONG Energy (50.1%) and Marubeni Corporation (49.9%). This was the first job for Seajacks Zaratan,
Seajacks Zaratan, the newest addition to Seajacks’ self-propelled jack-up fleet, was contracted to perform Operation and Maintenance (O&M) work on the Gunfleet Sands offshore windfarm, jointly owned by DONG Energy (50.1%) and Marubeni Corporation (49.9%). This was the first job for Seajacks Zaratan,
ConocoPhillips Skandinavia AS (CoPSAS) has received consent to carry out manned underwater operations in connection with installation of the Ekofisk 2/4 VB facility. The consent for manned underwater operations covers work in connection with the 2/4 VB SSWI project, where CoPSAS is installing a new
Odyssey Marine Exploration, Inc., pioneers in the field of deep-ocean exploration, provided an operational update relating to the activities of the three ships which are currently engaged in Odyssey projects. The chartered vessel working on the SS Gairsoppa project, the Seabed Worker, will make a sc
The Italian-American Consortium, TITAN/Micoperi, presented the detailed engineering and design plan for the removal of the wreck Costa Concordia to representatives from Osservatorio during a regularly scheduled meeting on Monday. The presentation confirmed the previously presented and shared phases
Swiber Holdings Limited, a world class integrated construction and support services provider to the offshore oil and gas industry, reported a 66.0 % surge in net profit to US$20.9 million for the three months ended June 30, 2012 (“2Q2012”). This was achieved on the back of a 27.1% increase in revenu
Unique Maritime Group, one of the world’s leading integrated turnkey subsea and offshore solution providers, today announced a project, involving Seaflex WaterLoad Test Weights in Victoria, Australia. Seaflex Ltd is a specialist in marine buoyancy products and water filled test weights. Headquartere
JDR announced the company has been selected by WindMW GmbH as a partner for the Meerwind Sud/Ost Offshore Windfarm. The project will use 80 wind turbines to generate 288 megawatts of electricity and will be located approximately 23km north of the island of Helgoland, with completion planned for 2013
Petrofac, the international oil & gas service provider, has signed a contract worth approximately US$100 million to provide offshore operations and maintenance services for the Iraq Crude Oil Expansion Project. Awarded by Iraq’s South Oil Company (SOC), the 12-month contract will commence following
Mayor Jon Mitchell praised Governor Deval Patrick, Senator Mark C.W. Montigny, Representative Antonio F.D. Cabral and the New Bedford legislative delegation for their efforts to enact into law Senate 2367 which was filed by Senator Montigny on July 20, 2012 and signed into law by Governor Patrick. T
Mayor Jon Mitchell praised Governor Deval Patrick, Senator Mark C.W. Montigny, Representative Antonio F.D. Cabral and the New Bedford legislative delegation for their efforts to enact into law Senate 2367 which was filed by Senator Montigny on July 20, 2012 and signed into law by Governor Patrick. T
