Neptune Marine Services Limited confirms it has delivered on key elements of its operational restructure, including finalising $9.5 million in annual cost savings, progress in the non-core asset sale program, and confirming the board succession plan. Neptune reports that its underlying operations re
Wellube has just successfully completed another subsea hot tapping project. This time, it was a 12” Class 900 subsea hot tap in the South China Sea. Located in Block 11/05 in Bohai Bay, the client wanted a 12”’ branch connection from the existing 14” sour gas pipeline which was at a depth of 40 mete
Offshore handling equipment specialist, Caley Ocean Systems Ltd has designed and built what is believed to be the most adaptable offshore… (subseauk) [mappress] Source: subseauk ,May 16, 2011;
Stork Technical Services and Arle announced the acquisition of RBG Limited, the UK based supplier of inspect, assess and repair services to the global energy industry. RBG Limited, which in 2010 had revenues of c.£300m, has been acquired as a strategic addition to Stork Technical Services Holding B.
In line with the guidance announced on 11 April 2011, Leighton Holdings Limited announced a loss after tax (unaudited) of $382m for the nine months to 31 March 2011 from total revenue of $13.8bn and expects to report a loss after tax of $427 million for the 2010/11 financial year. A summary of finan
Specialist oilfield production chemicals company Champion Technologies has secured its first deepwater chemical management services contract in West Africa in an eight-figure deal over five years. The work involves a full suite of chemicals and associated support services for Noble Energy’s Aseng Fi
WALTON lifeboat was called out to help a man whose face had been severely injured in an accident involving an electrical grinder. (clactonandfrintongazette) [mappress] Source: clactonandfrintongazette, May 16, 2011;
EPC Offshore has won a £1million contract with Ithaca Energy which will see the company provide a team of experts to support key areas of… (hazardexonthenet) [mappress] Source: hazardexonthenet ,May 16, 2011;
For the three-month period that ended on 31 March 2011, total service income of the Group was Baht 1,144 million, an increase of Baht 425 million, or 59.1%, from Baht 719 million for the three-month period that ended on 31 March 2010 . The increase in revenues of Baht 425 million was mainly due to [
A remotely operated underwater vehicle (ROV) developed by the Korea Ocean Research & Development Institute has robot arms capable of lifting… (donga) [mappress] Source: donga,May 16, 2011; Image: kordi
After a turbulent period the Noordhoek Group has finalized and formalized a re-launch of the group. By attracting external capital the company is to proceed to operate at the same location in Zierikzee, while the vast majority of the quality staff will be able to join the company. The investment com
Bahamas Petroleum Company plc, the oil and gas exploration company with offshore licence permits in The Commonwealth of The Bahamas, announces preliminary evaluation results from the fully processed 2011 PSTM and 2010 PSDM 2D seismic data, set out in an Exploration Update Report . The Report include
P/F Atlantic Petroleum announces that its wholly owned subsidiary, Atlantic Petroleum UK Limited, has signed a share purchase agreement to acquire the entire issued share capital of the UK-based private exploration company, Volantis Exploration Limited. Volantis Exploration holds equity in a total o
Following a NOK18m (£2m) deal, AGR Drilling Services has an important new client for its Riserless Mud Recovery system (RMR®). Oil and gas company E.ON Ruhrgas UK E&P Ltd has signed a contract with AGR to use its innovative RMR® technology in the North Sea. The contract, which lasts until the end of
