Transocean Ltd. announced that the Board of Directors is recommending that the company’s shareholders approve at the 2011 Annual General Meeting the election of Steve Lucas as a Class III Director for a three-year term. Mr. Lucas is the retired Group Finance Director of National Grid plc and has pre
Bluefin Robotics, a leader in the design and manufacturing of Autonomous Underwater Vehicles (AUVs), is being awarded a $30 million contract modification to exercise option III for the Explosive Ordnance Disposal Hull Unmanned Underwater Vehicle Localization Systems (HULS) production systems. The HU
FMC Technologies announced that it has received a $125 million order from Petrobras , Brazil’s national oil company, to supply equipment for use in their oil and gas developments offshore Brazil. The order, for 32 subsea trees, represents the remaining equipment under a 107-tree frame agreement that
Strategic Marine has won a contract to supply a 27-metre work barge to service the energy and resources sector in Western Australia’s north-west. The vessel, being built for Karratha business Offshore Plant Hire, will be based in the Port of Dampier and be chartered to marine operations company Bhag
Ellicott Dredges has recently created two new informational animations to help educate its clients on the intricate workings of dredges and their outputs. The Swinging Dragon® Animation highlights the capabilities of our newest dual-function dredger which can operate in both swinging ladder and conv
Latest energy report – Remotely Operated Vehicles (ROV) and Autonomous Underwater Vehicles (AUV) in the Energy Market 2011-2021 – examines in depth one of the most powerful and exciting areas in the offshore oil and gas industry; an industry which is seeing a profound movement towards deep sea devel
Endeavour International Corporation reported full year 2010 net income, as adjusted of $57.4 million compared to $41.1 million for 2009. Adjusted EBITDA for the full year was $124.8 million compared to $64.6 million last year. “During 2010 and to date, we have successfully launched an onshore drilli
Ocean Power Technologies has begun sea trials of the PB150 PowerBuoy 33 miles off the coast of Invergordon, Scotland. (theglobalherald) [mappress] Source: theglobalherald, March 02, 2011
Subsea 7 S.A. announced the publication of the following documents relating to fiscal year 2010, which ended on November 30, 2010: 2010 Annual Report and Financial Statements 2010 Annual Report on Form 20-F 2010 Annual Accounts for the Luxembourg holding Company The Company advises that the 20
McDermott International, Inc. , announced that certain of its subsidiaries in the Middle East and Caspian region were recently awarded a number of contracts for offshore engineering and construction projects ranging from installation, through to full EPCI work, as part of our $2 billion of fourth qu
Nylacast are pleased to have exhibited at this years Subsea Tieback 2011 held in San Antonio, Texas, USA… [mappress] Source: nylacast ,March 02, 2011;
Papua New Guinea’s government is being criticised for approving the world’s first deep-sea mine. Nautilus Minerals, of Canada, was awarded a licence in January to extract gold and copper from the floor of the Bismarck Sea, about 50 kilometres north of Rabaul. The project’s environmental impact state
Cal Dive International, Inc. reported a net loss for fiscal 2010 of $315.8 million and $3.47 per diluted share. This compares to net income of $76.6 million and $.81 per diluted share for fiscal 2009. The 2010 net loss includes $302.5 million ($3.32 per diluted share) in non-cash impairment charges
The Bureau of Offshore Energy Management, Regulation and Enforcement has approved the first permit to restart deepwater drilling operations in the Gulf of Mexico since the Macondo spill incident, referencing availability of containment solutions like the Helix Fast Response System as a deciding fact
