Recently BGP signed a contract for a Multi Client 2D & 3D offshore seismic survey with the Office of National Mines and Strategic Industries of Madagascar (“OMNIS”). With this Contract, BGP will acquire, process, market and license the seismic as well as gravity & magnetic data in Morondava basin of
Former EVP of AGR Field Operations Åge Landro returns to AGR as EVP of Strategy & Integration. Landro moved to Oceaneering in December 2011 when AGR Field Operations was sold from AGR to Oceaneering. Landro will rejoin AGR’s Leadership to help grow the firm across all key markets. He said: “After le
Deepwater mooring rope specialist, Lankhorst Ropes Offshore Division is announcing a new improved creep HMPE mooring rope made with Dyneema® for a new generation of permanent deepwater moorings beyond 2,000m water depth, on booth 1353 at OTC 2012. The Lankhorst booth will also feature the latest dev
Forum Energy Technologies, Inc. reported first quarter 2012 revenue of $363.5 million, up 79 percent over first quarter 2011 revenue of $203.1 million. Net income for the first quarter 2012 was $42.5 million, compared to first quarter 2011 net income of $12.4 million. Diluted earnings per share for
Global Diving & Salvage, Inc. announces the acquisition of a Saab Seaeye Falcon ROV, adding substantial capacity to their existing fleet of underwater vehicles. The Falcon, depth rated to 1000 feet, will be fully outfitted with manipulator, high resolution color and black and white cameras, fast sca
Polarcus Limited announces the release of its first quarter 2012 financial statements. The first quarter 2012 was characterized by a continuation of the soft market conditions evidenced in the fourth quarter 2011. This was reflected in the low utilization of 76%. Revenues doubled over the same quart
The Naval Sea System Command’s Supervisor of Salvage and Diving (SUPSALV) and Surface Maintenance Engineering Planning Program (SURFMEPP) recently implemented a new process that will help to streamline the recording and brokering of work orders for damage found by divers during Navy ship hull inspec
Leading specialist subsea services group Acteon has appointed Lester Clark as vice president. Lester has more than 20 years of industry experience and joins Acteon from Baker Hughes, where he was director for drilling systems in the Russia Caspian region. This involved leading a multidisciplinary te
Superior Energy Services, Inc. announced net income from continuing operations of $70.2 million, or $0.55 per diluted share, and net income of $53.9 million, or $0.42 per diluted share, on revenue of $966.8 million for the first quarter of 2012. The Company completed its acquisition of Complete Prod
SeaHold GEOSHIPS Ltd, a marine and subsea services shipping company, held an open day on board the newest addition to its vessel fleet. Formed in 2003, the Aberdeen-based company took delivery of Loch Roag, its second multi purpose support vessel (MPSV), earlier this month on a contract valued at ov
Central Maine Power, Bangor Hydro Electric Co. and Maine Public Service Co. will negotiate a 20-year contract with Ocean Renewable to put tide-generated electricity onto the grid this summer, reported Associated Press. The Maine Public Utilities Commission created a contract term sheet for the proje
Further significant steps have been taken this week towards stopping the Elgin gas leak, including the installation of a key piece of equipment on the G4 well to divert leaking gas away from the wellhead platform. Known as a diverter, this specially manufactured device has been connected to the G4 w
Premier announces that it has received approval of its Field Development Plan (FDP) for the Solan field (Premier 60 per cent, Chrysaor 40 per cent) from the Department of Energy and Climate Change. The Premier-operated Solan field, located on the UK Continental Shelf West of Shetland, is expected to
Cameron reported net income of $134.0 million, or $0.54 per diluted share, for the quarter ended March 31, 2012, compared with net income of $109.5 million, or $0.43 per diluted share, for the first quarter of 2011. The first quarter 2011 results included after-tax charges of $7.0 million, or $0.03
