Viper Subsea has signed a new collaboration agreement with Perth based Velocious. The agreement enables both companies, each of whom are already globally recognised as providers of high quality subsea solutions, to expand their offerings to overseas markets and collaborate on product supply and proj
Technip announces that its Board of Directors approved the unaudited first quarter 2012 consolidated accounts on Apr. 24. Thierry Pilenko, Chairman and CEO, commented: “Our first quarter performance was very much in line with our expectations, which enables us to reiterate our 2012 financial objecti
Oceaneering International, Inc. reported record first quarter earnings for the period ended March 31, 2012. On revenue of $594.9 million, Oceaneering generated net income of $51.5 million, or $0.47 per share. During the corresponding period in 2011, Oceaneering reported revenue of $470.4 million and
FMC Technologies, Inc. announced that it has completed the transaction to acquire the remaining 55% of the outstanding shares of Schilling Robotics LLC (“Schilling”). FMC had previously announced on January 3, 2012, its intention to purchase the remaining outstanding shares of Schilling and increase
Mermaid Maritime Public Company Limited announces that its business unit Subtech Qatar Diving and Marine Services LLC has recently been awarded three new contracts with new and existing clients. The first contract has already started and has an estimated value of USD 2.2 million. The second contract
After the recent announcement from telecom company Dhiraagu that ‘ASEAN Explorer’ ship is headed to Sri Lanka to conduct cable repair, company today announced its arrival in Sri Lankan waters. Engineers from Sri Lankan Telecom (SLT) and Dhiraagu are expected to board the ship tomorrow. The ship will
The Offshore business stream of the Penspen Group, Andrew Palmer & Associates, has been contracted to provide Detailed Design services to EPC Offshore Limited (EPC) in support of Ithaca Energy’s Greater Stella Area (GSA) Development. The contract follows on from Penspen’s recent work for EPC Offshor
Ocean trials of JSC Yantar Shipyard’s research ship Seliger, which is being built for Russian Navy, are taking place in Baltiysk, reports Central Navy Portal. JSC Yantar Shipyard got the contract for construction of the ship in the Russian Navy’s tender. The ship began first phase of ocean trials on
ABB reported higher orders and revenues in the first quarter of 2012, led by growth in North America. Operational EBITDA declined 7 percent compared to the same quarter a year earlier while net income was up 5 percent. Orders were 2 percent above the very high levels in the first quarter of 2011, dr
Nord Stream AG announces the successful completion of its complex international logistics programme. This award-winning green logistics concept enabled the most efficient and environmentally-sound way of supplying to the pipe-laying vessels the 200,000 24-tonne concrete weight coated (CWC) pipes nee
While the future of new wind farm development hangs in the balance, there are still many more dollars to be made by focusing on smarter operations & maintenance (O&M) strategy for live projects in North America. This becomes even more essential as the volume of projects reaching end-of-warranty incr
Kiewit-Kvaerner Contractors, the 50/50 joint venture between Peter Kiewit Infrastructure and Kvaerner, has been authorised by ExxonMobil Canada Properties (EMCP) to proceed with work on the Hebron Project gravity based structure (GBS) project in Newfoundland and Labrador, Canada. The authorisation f
On 27 March 2012, the Petroleum Safety Authority Norway (PSA) carried out an audit of Lundin Norway AS’ management of the Brynhild field development project, connected to subsea facilities and pipelines. The Brynhild field is being developed with a subsea facility with four wells that will be connec
The Bureau of Ocean Energy Management (BOEM) announced the next step in evaluating a proposed lease for testing marine hydrokinetic technology offshore Florida. The bureau is making available for public review and input an environmental assessment that considers the effects of issuing a lease for te
