Kongsberg Gruppen (KONGSBERG) reported a solid first quarter in 2012. Q1 operating revenues came to MNOK 3 836, and the EBITA totalled MNOK 482. This resulted in an EBITA margin for the Group of 12.6 per cent, compared with 13.8 per cent in Q1 2011. Earnings per share (EPS) came to NOK 2.66 in Q1 [&
As work progresses on the installation of the new Teesside Offshore Windfarm, special measures are being taken to ensure the protection of marine mammals and other wildlife. The wind farm being established by EDF Energy Renewables is located 1.5km off the north east coast at South Gare, Redcar. Work
Aker Solutions has been awarded a contract by Total E&P Angola, to deliver seven new subsea tree systems to the Dalia field located offshore Angola. Contract value is approximately NOK 470 million. Scope of work includes seven production subsea trees, seven wellhead systems and seven well jumper sys
TGS reports net revenues of USD 191 million in Q1 2012, compared to USD 132 million in Q1 2011, a 45% increase. This is the highest quarterly revenue figure in the Company’s history. Investments were USD 101 million, up 132%. TGS’ backlog amounted to USD 242 million at the end of Q1 2012, representi
Last month Hydrex mobilized a diver/technician team to a 145-meter general cargo vessel in Las Palmas, Spain when oil was leaking from the stern tube seal assembly of the ship. The team used the Hydrex flexible mobock technique to create a dry working environment around the assembly and replaced thr
Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a contract by the Vietnamese utility EVNSPC (Southern Power Corporation under Vietnam Electricity) worth a total of Euro 67 million for the design, supply, installation, and commissioning of a submarine p
Lloyd’s Register has acquired Houston-based WEST Engineering Services in a move that secures the Group’s position as the premier independent risk-management organisation supporting the global offshore drilling industry. WEST Engineering Services, predominantly experts in subsea systems, will join th
Ocean Installer announces contract award from ExxonMobil Exploration & Production Norway AS (EEPNAS) for survey and intervention work at the Balder field. The work awarded from EEPNAS for the Balder field is inspection and maintenance of the subsea control system. The work is planned to be performed
Two students from Oak Park High School in Oak Park, Calif. deployed a National Oceanic and Atmospheric Administration… [mappress] Source: NOAA, May 03, 2012; Image: NOAA
Brastec Technologies S.A, a Brazilian-based engineering and equipment producer for flexible pipe and cable manufacturing, is acquiring 100% of the Dutch company SAS, a leading provider of high quality equipment for the offshore market. The acquisition is complementary in product scope, services, eng
The Port of Tyne has a world class reputation for managing bulk and conventional cargo, and is rapidly gaining experience with project cargo. Project cargo broadly describes the shipment of large, heavy, high value pieces of equipment. ‘Seven Oceans’ is an unusual sight on the River Tyne. The vessel
Alan Duncan, Managing Director of InterMoor UK, an Acteon company, presented findings from a recent Inter-M® Pulse field trial in the North Sea during a media event at the Offshore Technology Conference 2012 in Houston, Texas. Developed by InterMoor, in conjunction with sister company, Pulse Structu
OOO LUKOIL-Nizhnevolzhskneft (a wholly-owned LUKOIL subsidiary) and Saipem SPA (Italy) signed a contract to construct subsea pipelines to transport oil and gas from the Northern Caspian fields. The contract calls for the laying of two pipelines on the seabed to connect the riser block located at the
On 30 April telecommunications company Dhiraagu announced the completion of the work on the submarine cable between Maldives and Sri Lanka. The ship ASEAN Explorer successfully finalized the repair work of the fault on the cable that has been located approximately 26km off Sri Lanka at a depth of 40
