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
SMD and Blade Offshore Services (BOS) announce the signature of Heads of Terms for a joint venture. Under the joint venture, expected to be called SMD-BORD, SMD will design and manufacture subsea remote drilling solutions for the marine renewable industry, offering a cost effective alternative to mo
Work begins this morning on the laying of underwater cables to link the electricity power grids of Ireland and Britain… (rte) [mappress] Source: rte, October 27 , 2011;
Nord Stream can confirm it has agreed repricing arrangements with its relationship banks for the 3.9 billion euro Phase I project finance facilities. Nord Stream undertook this exercise in order to bring Phase I pricing into line with the pricing it achieved for the 2.5 billion euros raised for the
Superior Energy Services, Inc. announced net income of $59.6 million, or $0.73 per diluted share on record revenue of $565.3 million for the third quarter of 2011, and adjusted net income of $55.9 million, or $0.69 per diluted share, after excluding a non-cash, unrealized pre-tax gain of $5.8 millio
ABB reported a 24-percent increase in operational EBITDA in the third quarter on double-digit revenue growth compared with the third quarter of last year. In addition to higher revenues, the increase reflects successful cost reductions that continued to more than offset price pressure. The recent Ba
