* First quarter revenue of $279 million increased by 24% from the $225 million reported in the first quarter of 2010 but was lower than the $292 million reported in the fourth quarter of 2010. * EBITDA in the first quarter increased by 36% to $41.4 million from $30.4 million in the first quarter of
Dron & Dickson, specialist in design, supply and maintenance of hazardous area electrical equipment, has secured long-term contract renewal with an oil major valued at up to £45million. The five-year deal, with options to extend by up to a further four years, involves supplying electrical equipment
Fugro Subsea Services Ltd. in Aberdeen, Scotland has taken delivery of their latest OCV vessel “Fugro Symphony” . The vessel is built by Bergen Group at BMV in Bergen. “Fugro Symphony” is of ST-327L CD design, developed by Skipsteknisk. The vessel is based on the previously built ST-327 serie of Sei
Nexus Energy Limited announces that it has executed an agreement with McDermott Asia Pacific Pte. Ltd. to perform engineering and strategy review of the Crux liquids project. Under this agreement, Nexus has the right to review McDermott’s initial works by the end of June 2011. If this review is sati
Helix Energy Solutions Group, Inc. announced that it has promoted Cliff Chamblee to Executive Vice President – Contracting Services. Helix’s Contracting Services divisions include the Subsea Construction, Well Operations and Robotics business units. Mr. Chamblee co-founded Canyon Offshore, Inc in 19
Statoil has received consent for extended use of the facilities on the Norne field beyond design life up to and including 31 December 2021. Norne is an oil field belonging to production licence 128. The field is located in the Norwegian Sea in blocks 6608/10 and 6608/11, and came online in November
GC Rieber Shipping is optimistic about the further development in 2011. “All the company’s vessels are now on relatively long contracts, which will contribute to solid and stable earnings going forward. In addition, we consider the outlook to be good in our market segments from 2012”, says CEO Irene
The Petroleum Safety Authority Norway (PSA) has granted BP Norge AS consent to carry out manned underwater operations (MUO). The consent relates to diving in connection with the projects ”Valhall Re-Development” (VRD) and ”Skarv Diving 2011”. The work has a planned duration of approx. 14 days both o
Kreuz Holdings Limited, a subsea service provider for the oil and gas industry, reported that profit for the period jumped over 8-times to a record US$5.7 million for the three months ended March 31, 2011 on the back of a 292.2% increase in revenue to US$26.1 million. Sequentially, revenue grew by 2
Atkins’ expertise in geotechnical engineering has been cemented at the prestigious 2011 Ground Engineering Awards as the consultancy was recognised in three award categories. The first honour went to Benoit Latapie, who was named Young Geotechnical Engineer of the Year. Benoit, 27, joined Atkins fre
Technip was awarded a contract by Hibernia Management and Development Company Ltd. (HMDC) for the Hibernia Southern Extension project. This project is part of the continuing Hibernia field development. Hibernia is located on the Grand Banks approximately 315 kilometers offshore Newfoundland and Labr
Subsea 7 S.A. announced the award of a three year Life-of-Field Contract by BP Exploration & Production Inc. The contract will cover the provision of two vessels, including a dedicated vessel on full time basis, and associated project management and engineering support, for ROV based inspection, int
Stäubli Corporation, a leading manufacturer of quick connector systems, announces the introduction of the HMO line for subsea applications… (thomasnet) [mappress] Source: thomasnet,May 13, 2011;
ABB, the leading power and automation technology group, has won an order worth about $20 million from EMAS AMC, the deepwater services arm of Ezra Holdings Limited, to supply power cables for Statoil’s Gudrun North Sea oil and gas field, located off the coast of Norway. ABB will deliver 55 kilometer
