Tidewater Inc.announced fourth quarter net earnings for the period ended March 31, 2011, of $12.0 million, or $0.23 per share, on revenues of $254.0 million. For fiscal year ended March 31, 2011, net earnings were $105.6 million, or $2.05 per share, on revenues of $1,055.4 million. For fiscal year e
Results for the 1st quarter 2011 Farstad Shipping achieved an operating income of NO K 801.0 million for the 1st quarter (NO K 730.5 million for the same period in 2010). The operating costs for the period were NO K 526.0 million (NO K 432.6 million). The operating profit (EBIT ) was NO K 142.8 [&he
Aker Solutions in the U.K. has strengthened its position as a global centre of excellence for the subsea sector with the appointment of a… (subseauk) [mappress] Source: subseauk, May 19, 2011
Dominion Petroleum announces that it has signed the Production Sharing Contract (PSC) for Block L9 in the Lamu Basin, offshore Kenya, giving the Company a 60% working interest and operatorship. The Company previously announced the award of L9 on 21st March 2011 and the PSC was signed yesterday by Do
Deep Down, Inc. an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, announced a net loss of $1.8 million for the first quarter of 2011, an improvement of $0.7 million, or 28%, over the same period in 2010. OPERATING RESULTS F
EMAS AMC in Houston has recently completed the installation of 38km umbilical for Shell in the Gulf of Mexico. This project was the first to use a new 150mT Flexible Deployment System (FDS) onboard the BOA Sub C. The new FDS is capable of laying flexibles and umbilicals in water depths up to 3000m.
Aubin, a leading independent supplier of specialist chemicals to the energy industry, has launched a game-changing new product that could save millions of pounds when installing offshore renewables infrastructure. The Gel Lift System (GLS), which can be seen in action at stand AB31 in the Aberdeen C
A new tool will make searching murky, muddy Michigan waters much easier for the Ottawa County sheriff’s dive team… (hollandsentinel) [mappress] Source: hollandsentinel,May 18, 2011;
Pipeline engineering specialist, STATS Group, has completed a six-figure valued pipework maintenance contract on behalf of Dolphin Energy in Qatar. STATS carried out the planned maintenance on a 36” gas pipeline onboard the DOL-2 platform in the North Field, the world’s largest single gas field, loc
Forum Energy Technologies, Inc. (FET) announced the acquisition of Specialist ROV Tooling Services, Ltd of Insch, Scotland, U.K. Specialist is a leading provider of intervention tooling and custom engineered product solutions for the subsea intervention market. The acquisition of Specialist and its
Soviet warship sunken during WW2 was found on the seabed off Romania. This is Black Sea Fleet (BSF) destroyer Moskva which scuppering is… (rusnavy) [mappress] Source: rusnavy ,May 18, 2011;
Nautilus Minerals has completed its 2010/11 seafloor drilling program, with the vessel, REM Etive, having demobilized in Singapore on May 16, 2011. During the drilling program in the Bismarck Sea of Papua New Guinea, Nautilus completed a 99 hole diamond drilling project, for a total of 1475 metres.
Neptune announces that it has signed a Memorandum of Understanding (MoU) with Singapore’s Unidive Marine Services Pte Ltd (Unidive) for the marketing and application of the NEPSYS® technology in Singapore and South East Asia. Under the terms of the agreement, Neptune and Unidive will collaborate on
TGS commences the 2011 summer season with three 2D surveys in cooperation with Fugro; North Sea Renaissance 2011(NSR11), Mid-Norway Regional 2011 (MNR11) and Norwegian Barents Sea 2011 (NBR11). The data to be collected includes approximately 10,000 km for NSR11 which is a regional infill West of She
