In the second half of 2010 Hydrex carried out a full inspection and removed all fouling from three drilling vessels in the Gulf of Mexico owned by Transocean, the world’s largest offshore drilling company.This was done to reduce the weight and drag of the vessels and increase their available deck lo
Despite challenging conditions, the resilience shown by a 2010 EBITDA of 240.9 million euros, validates the pertinence of BOURBON’s strategy. -Net income, group share of 39.2 million euros. “”The 2010 results obtained, despite an unusually sluggish market, illustrate the merits of a strategy aimed a
InterMoor, an Acteon company, has successfully completed the installation of two subsea trees for LLOG Exploration Company in the Gulf of Mexico, announced InterMoor President Tom Fulton. The subsea trees were installed at the Mississippi Canyon (MC) Block 199 in a water depth of 2,460 ft. The trees
Polarcus Limited announces that the Company has received a Letter of Intent from Lansdowne Oil & Gas PLC for a 300 square kilometer 3D seismic acquisition project in the Celtic Sea, offshore Ireland. The survey will commence immediately following completion of the Company’s first 3D seismic acquisit
Alto Group Holdings, Inc., an innovative mining and commodities trade company headquartered in New York, announces its newly purchased Nessie N8DX cutter head dredge is being transported for servicing to prepare for the anticipated production planned on Bogue River Dredge Concession in Mali, West Af
Grenland Group has received three Letters of Intent for a total of NOK 220 million (USD 38.8 Million) from FMC Technologies’ Kongsberg operation. Manufacture of equipment to support the Ormen Lange Project Grenland Group, as a supplier to FMC Technologies, has received a Letter of Intent to manufact
FMC Technologies, Inc. announced that it will issue its first quarter 2011 earnings release after the market closes on Tuesday, April 26, 2011. The Company also announced it will host its first quarter 2011 earnings release teleconference on Wednesday, April 27, at 9:00 a.m. EDT. The teleconference
The South African Navy has awarded Armscor Defence Institutes subsidiary Institute for Maritime Technology a R2.582 million contract to deve… (defenceweb) [mappress] Source: defenceweb ,March 15, 2011;
VAALCO Energy, Inc. reported results for the fourth quarter and full-year of 2010. For the 2010 fourth quarter, VAALCO reported net income attributable to VAALCO of $8.9 million, or $0.15 per diluted share, compared to net income attributable to VAALCO of $2.2 million, or $0.04 per diluted share, fo
BHP Billiton CEO, Marius Kloppers, today announced a donation of US$1 million to the Red Cross to assist with disaster relief in the wake of the earthquake and tsunami in Japan. Mr Kloppers said BHP Billiton had a long standing and substantial relationship with Japan. “Japan is one of BHP Billiton’s
The Government of Papua New Guinea has confirmed that it intends to take up a 30% stake in the Solwara 1 project in the Bismarck Sea in Papua New Guinea (PNG). Nautilus Minerals Inc. will retain a 70% holding in a joint venture to be established with the PNG Government. In a letter to […]
Brunei Shell Petroleum (BSP – Shell 50%) announced today a significant new oil discovery in the coastal waters of the south-east Asian sultanate. The discovery, named Geronggong, is situated in the 3rd Offshore Acreage Area, approximately 100km offshore where water depth is approximately 1000m, the
Gulf Bridge International (GBI), the Middle East’s first privately owned submarine cable operator, has ‘successfully landed’ its cable at… (gulf-times) [mappress] Source: gulf-times, March 14, 2011;
RBG had a record month of contract wins in February, securing more than £150million of new work. RBG, which provides a wide range of expert services to maintain the integrity of production facilities, has experienced a period of significant activity in the North Sea, securing contract wins with a nu
