EPC Offshore has made a step-change in its management structure with the creation of three dedicated business streams to capitalize on growt… SubseaUK [mappress] Source: SubseaUK, October 28 , 2011;
China Oilfield Services Limited announced its unaudited results for the nine months ended 30 September 2011. During the period, the Group boosted its operation capacity in large-scale equipments with four 200-ft jack-up rigs, one semi-submersible rig and one 12-streamer seismic vessel commencing ope
IBM and The Sustainable Energy Authority Ireland (SEAI) are working together to understand and minimize the environmental impact of converting wave energy into electricity. This project, the first to use real-time streaming analytics for monitoring underwater noise generated by wave energy conversio
Fugro has been awarded the contract to conduct an Airborne LiDAR Bathymetry (ALB) survey of the Queensland Sunshine Coast (Australia) to be conducted during October and November 2011. The primary purpose of the survey is to develop a high resolution digital elevation model and other derived products
French oil major Total posted higher quarterly earnings on Friday as stronger crude prices and improved profitability in its refining busine… (Reuters) [mappress] Source: Reuters, October 28 , 2011;
On Friday, 28 October 2011 the research icebreaker Polarstern sets off on its 28th Antarctic expedition. Over 200 scientists and technicians from research institutions in 14 countries will take part in the five expedition legs. They will examine a wide variety of topics: oceanography and marine chem
After a period of 15 months, Heerema Marine Contractors (HMC) completed the Block 31 PSVM campaign offshore Angola. HMC’s Deepwater Construction Vessel Balder finished the offshore installation campaign with the safe and successful lay down of the last second end FTA of the last production line. Wit
Petroleum Geo-Services announces results for third quarter 2011. Highlights Q3 2011: *Revenues of $339.9 million, up 15% from Q3 10 *EBITDA of $153.2 million, up 12% from Q3 2010 *Contract revenues of $164.9 million with a corresponding contract EBIT margin of 4% *Offset by strong MultiClient revenu
EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry and operating brand for Ezra Holdings Limited (Ezra or the Group), announces that its subsea construction division, EMAS AMC, has been awarded a contract by BP Exploration & Pro
Fugro OSAE GmbH has been awarded a € 2.3 million hydrographic survey contract by the Norwegian Hydrographic Service (NHS). The survey is part of the MAREANO project and will encompass an area over 12,000km² in the Barents Sea. The area is located 200km offshore in the northern-most part of Norway, n
Cameron reported net income of $164.5 million, or $0.67 per diluted share, for the quarter ended September 30, 2011, compared with net income of $148.7 million, or $0.61 per diluted share, for the third quarter of 2010. The third quarter 2011 results include pre-tax charges of $34.2 million, or $0.1
Nexen Petroleum UK Ltd., a subsidiary of Nexen Inc., announced it has received approval from the UK Department of Energy and Climate Change (DECC) to proceed with the Golden Eagle area development – a GBP 2 billion (C$3.3 billion) investment (GBP 750 million net to Nexen) that is expected to produce
McDermott International, Inc. previewed its 2011 third quarter by providing its current expectations for certain financial categories of the Company’s continuing operations, based upon management’s recent operating reviews. McDermott also announced that it will report its actual third quarter 2011 f
To save time and money for the owners of a 270-meter container vessel that was leaking oil, a Hydrex diver/technician team replaced four stern tube seals on site, using one of Hydrex’s flexible mobdocks. This enabled the team to carry out the entire operation underwater during the vessel’s stop in A
