When Glitne came on stream in 2001, the intention was for it to produce for 26 months. Twelve years later its final drops of oil are being extracted and it has now been decided to close the field. Glitne is the story of how important various measures are for extending the lifetime of a field [&helli
Last month Hydrex diver/technician teams carried out underwater stern tube seal repairs on a 242-meter container vessel close to the company’s headquarters in Antwerp. The vessel was suffering from an oil leak, making a fast repair necessary. Using one of the company’s flexible mobdocks the team was
Bibby Remote Intervention Limited (BRIL) has announced the recent appointments of Lloyd Duncan as Senior Inspection Repair and Maintenance (IRM) Consultant and Andy Inglis to the role of Inspection Manager. BRIL is the latest division of Aberdeen-based subsea installation contractor Bibby Offshore a
Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 109 million, including a net positive effect of NOK 42 million from the sale of EPC Center in Houston. Excluding the effect from the sale, the EBITDA margin was 2.8 percent in the quarter. The order backlog amounte
Mr Geoff Loudon, Chairman of Nautilus Minerals Inc. (the “Company” or “Nautilus”) announced that Mr Mike Johnston, Nautilus’ Vice President for Strategic Development and Exploration has accepted the position of interim President and CEO, effective immediately. After more than four years as President
Cameron reported net income of $223.6 million for the third quarter ended September 30, 2012, or $0.90 per diluted share. Earnings per share increased over 34 percent compared to the third quarter 2011 earnings of $0.67 per fully diluted share. Charges for the third quarter of 2012 were $3.4 million
Further to its announcement on 30 October 2012, Neptune has now received a bidder’s statement from Blossomvale Investments Pte. Ltd. (Blossomvale), a wholly owned subsidiary of MTQ Corporation Limited (MTQ), containing its offer to acquire all the shares of Neptune it does not own, at a cash price o
On the second day of the Offshore Energy Exhibition and Conference held in Amsterdam RAI, one of our reporters made an exclusive interview with the project and sales director of MMT SE Mr. Nils Ingvarson. Hereby we are bringing you a part of their conversation. – What do your activities in the subse
Total announces adjusted net income of 3,348 M€ in the third quarter 2012 compared to 2,801 M€ in the third quarter 2011, an increase of 20%. Expressed in dollars, adjusted net income increased by 6%. Highlights since the beginning of the third quarter 2012 were the following: • Start-up of the Atla
Recently Hydrex teams carried out a wide range of underwater propeller operations on tankers around the world. Among them a spinner cone (Propeller Boss Cap Fin –PBCF) replacement on a 110-meter vessel in Singapore, a propeller blade straightening on a 248-meter ship in Algeciras, Spain, and a blade
Nexans, a worldwide expert in the cable industry, has been awarded one of two lots of a contract for the supply and installation of a power cable for the high-voltage direct current (HVDC) link between Italy and Montenegro. It represents a value of approximately 300 Million Euros. The public tender
Further to the Company’s release on 11 June 2012, the Board of Thalassa announced the successful completion by WGP Survey Ltd (“WGPS”) of the seismic data acquisition survey on the Norwegian Continental Shelf for Spring Energy Norway AS (“Spring Energy”). The completion of the Contract, which compri
Launching ceremony of Project 21300 rescue ship Igor Belousov took place at JSC Admiralteyskie Verfi shipyard (St. Petersburg) on Oct 30. The ceremony was attended by Russian Navy Commander-in-Chief ADM Viktor Chirkov, Director General of JSC Admiralteyskie Verfi Alexander Buzakov, and President of
Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a new contract worth approximately €400 million, in relation to the “MON.ITA.” project for a new submarine power link between Montenegro and Italy, following the public tender issued by Terna Rete Italia
