Results for the 1st quarter 2011 Farstad Shipping achieved an operating income of NO K 801.0 million for the 1st quarter (NO K 730.5 million for the same period in 2010). The operating costs for the period were NO K 526.0 million (NO K 432.6 million). The operating profit (EBIT ) was NO K 142.8 [&he
Aker Solutions in the U.K. has strengthened its position as a global centre of excellence for the subsea sector with the appointment of a… (subseauk) [mappress] Source: subseauk, May 19, 2011
The North Carolina Department of Cultural Resources announced Wednesday that a recovery effort to retrieve a 3,000 lb. anchor from Queen Ann… (wect) [mappress] Source: wect , May 19, 2011;
Ciena® Corporation,the network specialist, today announced the appointment of industry veteran Ed McCormack as vice president and general manager of international accounts and submarine systems. In this role, he will be responsible for strategic partnerships, business development and customer suppor
General Dynamics Canada today announced the release of TrailBlazer, a high-frequency, high-resolution sonar system specifically designed for mine and obstacle avoidance (MOAS) on patrol vessels, corvettes, frigates and destroyers operating in littoral waters. TrailBlazer combines wideband transmissi
General Dynamics Canada, a pioneer in the development of underwater acoustic processing systems, today announced the creation of a new Underwater Intelligence, Surveillance and Reconnaissance (UW ISR) Centre of Excellence. The latest in a series of initiatives made to reinforce General Dynamics Cana
The UK wholesale spot gas market reacted bullishly on Wednesday to news of further North Sea gas field maintenance scheduled for the coming… (icis) [mappress] Source: icis , May 19, 2011;
MIS has received the final report on 11.3 kilometers of deep penetrating Induced Polarization geophysical survey (IP) conducted by Larder Ge… (newswire) [mappress] Source: newswire , May 19, 2011;
Dominion Petroleum announces that it has signed the Production Sharing Contract (PSC) for Block L9 in the Lamu Basin, offshore Kenya, giving the Company a 60% working interest and operatorship. The Company previously announced the award of L9 on 21st March 2011 and the PSC was signed yesterday by Do
Deep Down, Inc. an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, announced a net loss of $1.8 million for the first quarter of 2011, an improvement of $0.7 million, or 28%, over the same period in 2010. OPERATING RESULTS F
Hydroid, Inc., a subsidiary of Kongsberg Maritime, the leading manufacturer of Autonomous Underwater Vehicles (AUVs), announced that the company’s first ever Open Enrollment Training will be held during the week of September 12, 2011, in Pocasset, Massachusetts, USA. During the September Open Enroll
EMAS AMC in Houston has recently completed the installation of 38km umbilical for Shell in the Gulf of Mexico. This project was the first to use a new 150mT Flexible Deployment System (FDS) onboard the BOA Sub C. The new FDS is capable of laying flexibles and umbilicals in water depths up to 3000m.
SeaBird Exploration PLC , the market leader in deepwater node seismic and high end 2D acquisition, announces the signing of a Frame Agreement with Spectrum ASA for the acquisition of 2D seismic data to a minimum value of USD 23 million over a period of 36 months, and a Re-Let Agreement for the “MV G
Innovative integration engineering company Sustainable Marine Technologies (SMT) reveals plans for PLAT-O, a major new project designed to help enable tidal and ocean current marine energy to become a commercial reality. The PLAT-O project will create a new common platform to carry a wide range of h
