Radius Oceanic Communications, Inc. (Radius) and the Cyprus Telecommunications Authority (Cyta) announces the commencement of the POSEIDON project. POSEIDON is a high capacity undersea cable system that will provide advanced telecommunications facilities to the offshore oil and gas industry in the E
The Alfred Wegener Institute for Polar and Marine Research takes a leading role in preparing the formation of marine protected areas in the Weddell Sea. Yesterday the German Federal Ministry for Food, Agriculture and Consumer Protection published a press release, stating that the Bremerhavener insti
In 2013, it is planned to kick off batch production of new countermine ships developed by Almaz Design Bureau for Russian Navy, said Vladimir Seredokho, director general of the Sredne-Nevsky Shipyard. “The lead minesweeper has been already built. In the next year we start batch production of these s
Leading classification society ABS officially inaugurated the ABS Korea Energy Technology Center (KETC) in Busan, South Korea, on 19 October 2012. ABS President and CEO Christopher J. Wiernicki joined senior representatives of the Korean shipping and shipbuilding sectors and academia to celebrate th
Primeline Energy Holdings Inc. announced that it has received confirmation of the approval of the petroleum contract for Block 33/07 (“Petroleum Contract 33/07”) from the Ministry of Commerce in China. As previously announced, Primeline and CNOC entered into a new petroleum contract for Block 33/07
MEO Australia Limited provides the following update in relation to Heron South-1 being drilled in NT/P68, operated by Eni Australia Ltd (Eni). Since last progress report, operations are underway to ream the 216mm (8 ½”) hole prior to running and cementing the liner. The well is interpreted to have i
Forum Energy Technologies, Inc. reported third quarter 2012 revenue of $348 million, up 5% over third quarter 2011 revenue of $331 million. Net income for the third quarter 2012 was $41 million, a 15% increase compared to third quarter 2011 net income of $36 million. Diluted earnings per share for t
Neptune Marine Services Limited, received after market yesterday a proposed takeover offer from Blossomvale Investments Pte Ltd (Blossomvale). Blossomvale is a substantial shareholder of Neptune and a wholly owned subsidiary of MTQ Corporation Limited (MTQ) and its proposal is to acquire all the sha
Sonardyne International Ltd. announces that it has won the Marine Technology Society’s (MTS) 2012 Compass Industrial Award. Presented at the annual MTS Awards Luncheon at the Oceans 2012 MTS/IEEE conference in Virginia, this prestigious award recognises the contribution Sonardyne has made over the l
Lundin Petroleum AB (Lundin Petroleum) through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has received approval from the Norwegian Ministry of Petroleum and Energy of the Plan for Development and Operation (PDO) for the Bøyla field in PL 340, in the Norwegian North Sea. First produ
Endeavour International Corporation announced that the company has been awarded 7 new licenses, covering ten exploration blocks in the U.K. North Sea. The blocks, awarded in the 27th Licensing Round conducted by the Department of Energy and Climate Change (DECC), are located around Endeavour’s core
CARIS announces the release of CARIS Easy View 4.0, a freeware data viewer for 2-D and 3-D data. CARIS Easy View 4.0 replaces the popular CARIS Easy View 2.0 which has been downloaded by thousands of professionals and students. CARIS Easy View allows users to view spatial data from a wide range of f
Aibel is to build a new office building at Kokstad with space for more than 1000 people. Aibel’s new office building will be completed Q4 2014, and will have a total of 1000 office spaces on 17,000 square metres and four floors. The address of the building will be Kokstadveien 23, which gives it a [
Stork Technical Services won the ‘Innovation’ accolade at the OCA (Offshore Contractors Association) Challenge Awards for its industry-first hot bolt clamp technology. The Challenge Award for Innovation 2012 honours those who have contributed to business success through innovative practices, product
