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
On 1 November 2011 Francisco Gutierrez joins GeoAcoustics as Product Manager. His main responsibility will be to support the internal- and external salesteam. Francisco’s tasks are to prepare and execute product demonstrations, publish technical papers and support the GeoAcoustics product evolution
Construction of the offshore pipeline for the PNG LNG Project has started, with the first lengths of pipe laid near the LNG Plant. The pipeline, which will be 407 kilometres long, stretches from Omati in the Gulf Province to the LNG Plant. The pipeline is 36 inches in diameter and will be laid from
Kvaerner had operating revenues of NOK 2 623 million in the third quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 169 million, resulting in an EBITDA margin of 6.2 percent. “The third quarter has been a solid operational quarter, with financial results
Ciena® Corporation , the network specialist, announced it was selected by Southern Cross Cables, an independent Australasian bandwidth wholesaler that owns and maintains a trans-Pacific network, to expand its subsea cable network. To meet growing demand for high-bandwidth services and applications l
2H Offshore Inc., an Acteon company, has relocated to new premises within Houston’s Energy Corridor District at 15990 North Barkers Landing, Suite 200, Houston, Texas 77079. Close to major clients and less than a mile from the previous location, the new office encompasses 32,000 square feet and incl
The World leading technology company, Emerson Process Management, has become a partner in NCE Subsea. – To us this is about increased visibility, but we also feel we have something to offer NCE Subsea, says Hege Forus, Information Manager at Roxar, which is owned by Emerson Process Management. This
ION Geophysical Corporation announced that it has acquired an additional 5,200 km of regional seismic data from offshore Northeast Greenland, bringing the total kilometers the company has acquired in the region over the last two seasons to nearly 18,000. The Arctic is one of the least explored, most
ABB, the leading power and automation technology group, signed a three-year frame agreement worth $33 million with BP Norway for maintenance, modification and service of the safety and automation systems of all of its oil field operations on the Norwegian continental shelf. The agreement signed in t
Welltec was given the challenge to remove an unknown amount of sticky substance from an offshore well and to do it on electric line. The challenge was accepted. Initially, the operator did not know exactly how much of the sticky material was present in the well and in case it was just a bridge, it [
