The Dutcham Trade Award 2010-2011 is dedicated to Van Oord Offshore for best business achievement in Brazil. The trophy was assigned to the Dutch dredging company for their succesfull merits in the Brazilian offshore industry. At the ceremony on May 17 in São Paulo the jury of the Brasilian-Dutch Ch
REANNZ and Pacific Fibre announced that they have agreed Key Commercial Terms for a substantial contract to supply international capacity on the new Pacific Fibre cable system. Donald Clark, REANNZ CEO, said “We are excited to secure an anchor tenancy providing long-term capacity for the research, e
As the economy picks up and metal prices continue to rise, plans and projects to extract precious ores from the deep sea are regaining stren… (delta) [mappress] Source: delta, May 22, 2011;
The regional support organisation Subsea North-east has revealed a new board comprising some of the most influential figures in the UK… (nebusiness) [mappress] Source: nebusiness ,May 20, 2011;
Bluestream Offshore B.V. has been awarded a contract by Chevron Transportation B.V. to execute diving and ROV work for the installation of a riser at A-12 and spools at the A-12 platform and B-13 platform. Chevron Transportation BV is developing the B13 field. The gas reserves are accumulated in the
GE Oil & Gas’ drilling & production business has been selected to supply high-pressure, high-temperature (HP/HT) equipment to Bien Dong Petroleum Operating Company, a subsidiary of the state-run Vietnam Oil and Gas Group (PetroVietnam), for the development of gas fields, offshore Vietnam. Under a co
In association with the lease round announced by the Australian Government in mid April, Spectrum announced additions to the comprehensive multi-client library on the North West Shelf. Exmouth 11 – Approximately 4,000km of reprocessed data covering open blocks. The data is compatible with earlier Ex
Dolphin Group ASA announced that 3D vessel Polar Duke yesterday entered into production on her first project for TGS Nopec ASA in the Norwegian sector of the Barents Sea. Polar Duke was taken on charter in Stavanger on May 10th and mobilised directly on prospect in less than ten days and is presentl
The Statnett group reports a profit after tax of NOK 394 million for the first quarter of 2011, compared to a profit after tax of NOK 840 million for the same period in 2010. The Group’s total operating revenues for the first quarter of 2011 were NOK 1 652 million compared to NOK 2 270 […]
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
