After the end of the third quarter, contracts have been completed for all vessels in GC Rieber Shipping’s portfolio. Order backlog has been increased by half a billion, compared with the previous quarterly reporting. – This gives us an excellent starting point for the future in a turbulent period, s
TGS reports net revenues of USD 160 million in Q3 2011, compared to USD 130 million in Q3 2010, a 23% increase. Investments were USD 111 million, up 77%. These investments were a record for the Company in a single quarter and resulted in a record high number of vessels utilized in a quarter. [&helli
Colby Rhodes has joined Hydratight in Texas as the company’s Western Region HSEQ leader. He will be responsible for health, safety and quality matters throughout the Americas and for coordination of his role with that of Hydratight colleagues internationally. Colby joins the company from Kinder Morg
Luis Araujo and Erik Wiik have been appointed regional managers for Aker Solutions in Brazil and North America respectively. The regional managers will develop a common Aker Solutions strategy and co-ordinate customer approach in the regions. They will report to Aker Solutions’ CEO. The appointment
The relocation of the approx 5,000 stones at the surface of the seabed, which may cause problems to the wind turbine and cable installation, is well underway. However, a number of planned wind turbine positions are presently being screened with advanced sonar equipment to unveil any critical stones
Nexans, a worldwide leading expert in the cable industry, has been awarded a 75 million euro contract by Statoil to design, manufacture and supply a total of 165 km of static and dynamic power umbilical and power cables, as well as necessary accessories, for the Åsgard oil and gas field in the Norwe
On Tuesday November 8, Federal Chancellor Angela Merkel – together with President Dmitry Medvedev and the Prime Ministers of France François Fillon and the Netherlands Mark Rutte and EU Energy Commissioner Gunther Oettinger – will formally inaugurate the first of Nord Stream’s twin 1,224 kilometre
Cal Dive International, Inc. reported a third quarter 2011 net loss of $5.6 million, or $.06 per diluted share, excluding $28.8 million ($.31 per diluted share) of after-tax non-cash impairment charges related to certain fixed assets recorded as part of the Company’s annual impairment review. Includ
Polarcus Limited announces the release of its third quarter 2011 financial statements. In the third quarter 2011 Polarcus continued to focus on growing the company’s seismic operations. The company successfully initiated its first two 3D multi-client projects, delivered a strong operational performa
Subsea 7 S.A. announced results for the third quarter 2011 which ended on September 30, 2011. The combination between Acergy S.A. and Subsea 7 Inc. was completed on January 7, 2011. Upon completion, Acergy S.A. was renamed Subsea 7 S.A. As a result of the combination and the change in fiscal year, t
MEO Australia Limited advises that Fugro Multi Client Services Pty Ltd completed acquisition of the Zeus 3D Marine Seismic Survey on 31st October 2011. MEO has committed to purchase 323 km2 of the seismic survey covering 4 graticular blocks within exploration permit WA-361-P which fulfills its Permi
General Cable Corporation , one of the most globally diversified industrial companies, reported results for the third quarter ended September 30, 2011. Diluted earnings per share for the third quarter of 2011 were $0.07. Included in these results were $0.10 per share of non-cash convertible debt int
Genesis Energy, L.P. announced that it has entered into definitive agreements to acquire from Marathon Oil Company interests in several Gulf of Mexico crude oil pipeline systems, including its 28% interest in Poseidon Oil Pipeline Company, L.L.C., its 29% interest in Odyssey Pipeline L.L.C., and its
WFS Technologies announces the appointment of Derek Blackwood, OBE, President of Wood Group PSN Americas region, to its Board of Directors. Derek began his career as a student apprentice with BP Tanker Company gaining an HND in Marine Engineering. He worked in a variety of roles within the oil & gas
