Nordic Capital Fund VII announced the acquisition of Bladt Industries A/S from Maj Invest Equity, Industri Udvikling and Bladt management. Bladt, headquartered in Aalborg, Denmark, is an international steel contractor specializing in large-scale and highly complex steel structures. The Company serve
The Bureau of Safety and Environmental Enforcement (BSEE) today issued an approval of Shell Gulf of Mexico, Inc.’s Oil Spill Response Plan (OSRP) for the Beaufort Sea. This decision follows the bureau’s thorough review of the plan and consultations with federal and state partner agencies involved in
FMC Technologies, Inc. announced that it has signed a four-year agreement with Petrobras, Brazil’s national oil company, for the supply of pre-salt subsea equipment. The total award would result in approximately $1.5 billion in revenue to FMC Technologies if all of the subsea equipment included in t
Far EasTone Telecommunications Co., Ltd. received an approval to connect Taiwan and China via the first direct undersea cable link, the Focus Taiwan reported. The cable should improve the quality of telecommunications between the two countries. According to Far EasTone the project is expected to be
Polarcus Limited announces that Polarcus Amani AS, a member of the Polarcus Group, took delivery today, 29 March 2012, of POLARCUS AMANI, the seventh 3D seismic vessel to date to join the Polarcus fleet. The vessel was built at Ulstein Verft in Norway and following a short shakedown will commence th
Two years after Haiti was struck by a devastating 7.0 magnitude earthquake, the country is set to receive a major boost with the delivery of a US$16m 200km undersea cable which will link the country to the world via internet connectivity, thanks to Digicel. The project – which is being undertaken in
For almost two months, since early February 2012, the Naval Oceanographic Office (NAVOCEANO) has been using airborne laser and imagery systems to conduct cooperative hydrographic surveys in the coastal waters of Belize. The survey work is part of an ongoing, long-term project to survey the western C
Saipem has been awarded new E&C Offshore contracts in Brazil and Saudi Arabia, worth approximately $700 million. In Brazil, Saipem has been awarded by Petrobras the EPCI contract for the gas export trunkline Rota Cabiúnas, situated in the Santos Basin Pre-Salt Region, approximately 300 kilometres of
Following on from the success of the Barrow Ultracube in the Carnarvon Basin, Searcher Seismic and Fugro have now expanded the Ultracube concept of high quality 3D PSTM reprocessing from field tape and contiguous migration into the Bonaparte Basin to offer the industry a fully PSTM reprocessing 3D c
Plexus Holdings plc, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering announces its interim results for the six months to 31 December 2011. Highlights Financial · 24% increase in sales revenue to £9.3m (2010:
Grandweld Shipyards announces that it has established a new Ship Repair division in Fujairah, in order to expand its ship repair facilities, and service capabilities at Fujairah Port and offshore Fujairah. With its latest expansion, Fujairah port has become the second largest bunkering port in the w
Department of Energy (DOE) grant recipient, Ocean Renewable Power Company (ORPC) is now licensed to construct, operate, and maintain its 5-unit, 300 kW TidGen Power System in Cobscook Bay, Maine. In 2010, DOE awarded $10 million to ORPC’s $21-million TidGen Power System Commercialization Project. Th
Deep Down, Inc., an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, reported $2.1 million of net income for 2011, an improvement of $20.0 million over the same period in 2010. OPERATING RESULTS For 2011, Deep Down reported n
In 2012 Gazprom will launch gas production from the Kirinskoye gas and condensate field on the Sakhalin shelf as part of the Sakhalin III project. For the first time ever natural gas will be produced by a subsea production system in Russia. By the moment, a gathering manifold to intake gas mixture f
