Polarcus Limited announces the release of its first quarter 2011 financial statements. In the first quarter 2011 Polarcus has continued to deliver on its growth strategy, expanding the Company’s operations, fleet and backlog, and securing new financing. Compared with the previous quarter, revenues w
In accordance with announcement made on March 25, 2011, and in relation to the listing of Sevan Drilling ASA, Mr. Jan Erik Tveteraas will retire from the position as CEO of Sevan Marine ASA to take on the position as CEO of Sevan Drilling ASA. Mr. Tveteraas was a founding shareholder of Sevan Marine
Trelleborg will showcase its vast product portfolio for the offshore industry at this year’s Offshore Technology Conference May 2-5 in Houston. The oil and gas industry is a key focus for Trelleborg (STKM: TREL-B). The Sealing Solutions,Offshore and Industrial Hose businesses will demonstrate a numb
OceanWorks International welcomes Robert Keith to their team in the position of General Manager. Acting as General Manager, Robert’s primary function will be to promote the company’s deepwater engineering, fabrication, and operational capabilities. Robert has worked in the offshore underwater servic
The Norwegian Petroleum Directorate (NPD) will carry out acquisition of 2D seismic data in the waters around Jan Mayen this summer. The acquisition activity will start around 10 June and will last up to three months. Last fall, the Norwegian government resolved that an impact assessment would be mad
Hercules Offshore, Inc. and Seahawk Drilling, Inc. announced the completion of the asset purchase and sale previously disclosed on February 11, 2011. In accordance with the terms of the Asset Purchase Agreement, Hercules Offshore will acquire 20 jackup rigs located in the U.S. Gulf of Mexico and rel
On 27 April the Petroleum Safety Authority Norway (PSA) presented its 2010 report regarding the risk level on the Norwegian shelf (RNNP). The report is largely in line with Statoil’s own reports regarding health, safety and environment on the shelf. “This report is important for us. It shows where w
Polarcus Limited announces that the Company has received a Letter of Intent for a 3D offshore seismic acquisition project for an undisclosed client. The project, subject to the execution of a service contract, will commence in Q2 2011 and is expected to run for approximately 100 days. As a result of
In June 2011, Jumbo’s DP2 Offshore Heavy Lift Vessel Fairplayer will install 4 subsea protection structures for production flowlines at 600… (marinelink) [mappress] Source: marinelink , April 27, 2011;
Aberdeen-based SeaHold GeoShips Limited (GeoShips) has chartered its first new multi-purpose offshore vessel to support the growing offshore renewable energy market and the subsea sector. To enable GeoShips to offer a full suite of services from the Stril Explorer, and future vessels, the company ha
Subsea UK has launched a new service for members which provides valuable market intelligence on the global industry. The body which represents the UK’s subsea oil and gas sector has compiled a series of databases containing vital market information on subsea projects, contracts and new discoveries,
The first of two platform supply vessels (PSVs) of the PX106 type design was successfully launched from Alianca shipyard in Brazil mid-April. The vessel is the first of four X-BOW® vessels for offshore shipowner CBO to be built at Alianca. After the launch, the superstructure was lifted onto the ves
FMC Technologies, Inc. reported first quarter 2011 revenue of $1.1 billion and diluted earnings per share from continuing operations of $0.35. The diluted earnings per share included a tax benefit of $0.03 per diluted share. Total inbound orders of $1.4 billion were up 11 percent from the first quar
Minister of National Infrastructures Uzi Landau told “IDF Radio” (Galei Zahal) today that Israel will speed up construction of the gas pipeline from the offshore Tamar field. “We’re organizing the matter, and quickly. The Tamar field gas pipeline will be connected during 2013. We’re also preparing a
