FMC Technologies, Inc. announced that it has been awarded a contract by Petrobras to supply two subsea separation and boosting systems for the Congro and Corvina fields, located offshore Brazil in the Campos Basin. The contract has a value of approximately $130 million in revenue to FMC Technologies
Subsea 7 S.A. announces the award of the ’Installation and Commissioning of G1 Field Subsea Production Facilities, Under G-1 & GS-15 Fields Development Project’ from Oil and Natural Gas Corporation Ltd (ONGC). The project involves the transportation and installation of flexible flowlines and umbilic
Cal Dive International, Inc. (NYSE:DVR) reported a first quarter 2011 net loss of $18.7 million, or $.20 per diluted share compared to a net loss of $19.1 million, or $.20 per diluted share for the first quarter 2010. Despite typical winter seasonality, the first quarter 2011 loss before income taxe
Hallin Marine, a Superior Energy Services company, announces the award by the operator of the Tangguh LNG plant – BP Berau Ltd of a contract for subsea inspection services at the natural gas field in Bintuni Bay, Papua Barat, Indonesia. Scheduled to commence in May, the project will encompass inspec
Statoil’s first quarter 2011 net operating income was NOK 50.7 billion, a 28% increase compared to NOK 39.6 billion in the first quarter of 2010. The quarterly result was mainly affected by a 33% increase in the average prices for liquids measured in NOK, a 20% increase in average gas prices, and a
At the OTC in Houston Ulstein Sea of Solutions and NLI introduced a new, integrated derrick solution based on existing drilling equipment, readily available in the market. With the development of the ‘Northern Light’ drilling derrick an alternative solution is provided based on proven and well known
The newly formed Subsea Radio Users Group, formally launched at the Offshore Technology Conference, Reliant Park, Houston, TX. As a not-for-profit organization headquartered in Houston, TX, the Subsea Radio User Group (or SRUG) will be dedicated to defining the standards and guiding future adoption
IHC Merwede has announced that is has acquired Hytech on 3 May 2011. This acquisition enables IHC Merwede to further secure its position in the offshore market. IHC Merwede designs and constructs dive support vessels suitable for activities to a depth of 300 metres. Hytech designs the on-board equip
GE Oil & Gas has expanded its suite of blowout preventer (BOP) and remote monitoring and diagnostic (RM&D) technologies for the offshore drilling industry. The newly launched, technology-intensive products will help offshore drillers increase equipment performance, safety and reliability and optimiz
Offshore Marine Management (OMM) has recently secured a contract with Fluor for the installation and subsequent trenching of 29 inter-array… (eeegr) [mappress] Source: eeegr ,May 03 , 2011;
Saipem has been awarded new E&C Offshore contracts worth in excess of $1 billion in China and Brazil. The offshore activities for both the contracts will be performed mainly by the newly-built and highly-specialized Saipem FDS 2 vessel, in different periods between 2012 and 2013. In China, Husky Oil
General Cable Corporation , one of the most globally diversified industrial companies, reported today results for the first quarter ended April 1, 2011. Diluted earnings per share for the first quarter of 2011 were $0.70. Included in these results was $0.09 per share of non-cash convertible debt int
Nexans, a worldwide leading expert in the cable industry, has been awarded a 20 million euro contract by Statoil to design and manufacture the direct electrical heating (DEH) system for the subsea pipelines serving the new Fossekall Dompap oil and gas field on the Norwegian Continental Shelf. The Fo
Oil States International, Inc. announced that its Oil States Industries subsidiary has launched its newly enhanced FlexJoint(R) riser connector technology. The innovative Gen II FlexJoint(R) riser design has been upgraded to extend service life at sustained high temperatures and under high-pressure
