Saipem has been awarded new E&C Offshore contracts worth in excess of $1 billion in China and Brazil. The offshore activities for both the contracts will be performed mainly by the newly-built and highly-specialized Saipem FDS 2 vessel, in different periods between 2012 and 2013. In China, Husky Oil
General Cable Corporation , one of the most globally diversified industrial companies, reported today results for the first quarter ended April 1, 2011. Diluted earnings per share for the first quarter of 2011 were $0.70. Included in these results was $0.09 per share of non-cash convertible debt int
Nexans, a worldwide leading expert in the cable industry, has been awarded a 20 million euro contract by Statoil to design and manufacture the direct electrical heating (DEH) system for the subsea pipelines serving the new Fossekall Dompap oil and gas field on the Norwegian Continental Shelf. The Fo
Oil States International, Inc. announced that its Oil States Industries subsidiary has launched its newly enhanced FlexJoint(R) riser connector technology. The innovative Gen II FlexJoint(R) riser design has been upgraded to extend service life at sustained high temperatures and under high-pressure
Unique Maritime Group a leading provider of specialized engineering solutions to the subsea and offshore oil and gas industries entered into a long term contract with NPCC, Abu Dhabi to supply Survey Equipment on rental basis for various projects in the UAE and India. The NATIONAL PETROLEUM CONSTRUC
Pacific Drilling S.A. announced that their latest generation drillship, the Pacific Scirocco, has received a Letter of Award from Total E&P Nigeria Limited, subject to completion of formalities with relevant government agencies in the near future, to perform exploration and development work in Niger
Schilling Robotics, LLC, experts in subsea systems, announced the order for eight (8) Heavy-Duty™ (HD™) ROV systems from integrated offshore oil and gas solutions provider EMAS, the operating arm of Ezra Holdings Limited. The HD™ systems will be rated for 4,000m and will be supplied with 850m capaci
Marine Well Containment Company (MWCC) announced that it has opened its headquarters in Houston. The offices house the day-to-day business operations as well as a dedicated emergency response center in the event MWCC is called to respond to a deepwater well control incident in the U.S. Gulf of Mexic
KBR announced that it has been named as subcontractor by Dragados Offshore, S.A. (Dragados) for the detailed engineering work on the South Arne Phase 3 Project, an expansion of the existing South Arne field located offshore in the Danish sector of the North Sea. The EPC award to Dragados includes tw
AGR Group, the Norwegian supplier of services and technology to the oil and gas sector, released its annual report on 29 April. At the end of 2010 the Group reports EBITDA of 304 million NOK. This is up from 35 million NOK in 2009. Group CFO Svein Sollund said: “During the economic downturn we made
Technip was awarded a 10-year master agreement by BP Exploration and Production, Inc. The agreement covers the design, procurement and construction of hulls and mooring systems for Spar(1) platforms to be located in the Gulf of Mexico, as well as the design of top tension risers(2) for dry tree unit
Foster Wheeler AG announced that Jon Nield, 47, has been promoted to Vice President, Project Risk Management Group (PRMG), effective immediately. In this role, he will be responsible for leading the group that sets, reviews and implements the company’s risk management policy for proposal and contrac
Oceanic Research and Recovery Inc. , a marine salvage and exploration company, announced that team members have discovered two shipwrecks in the Philippines. Preliminary investigations indicate that at least one of the ships located is believed to be a Manila Galleon that was outbound from Manila to
The multi-component seismic company Reservoir Exploration Technology ASA (RXT) has entered into a LOI with an international oil company regarding acquisition of 4C seismic data in West Africa. The intention is to conclude the final contract during May and start up of the project will be in Q2. The w
