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  • 20 February 2014
    Business & Finance

    Ensco plc reported today that diluted earnings per share were $1.54 in fourth quarter 2013 compared to $0.94 in fourth quarter 2012. Discontinued operations primarily related to rigs and other assets no longer on the Company’s balance sheet reduced earnings by $0.02 per share in fourth quarter 2013 and $0.10 per share in fourth quarter 2012. […]

  • 24 February 2011
    Business & Finance

      Repsol posted net income of 4.693 billion euros for 2010 compared to 1.559 billion euros in the previous year. Excluding extraordinary items, recurring net profit improved 54.9% to 2.360 billion euros. The 2010 earnings increase is mainly due to the good performance of the company’s ongoing activities, boosted in the fourth quarter by the […]

  • 28 August 2013
    Business & Finance

    ASL Marine Holdings Ltd., an integrated marine company offering comprehensive services in shipbuilding, shiprepair and conversion, shipchartering and dredging engineering, reported revenue of S$465.4 million and net profit attributable to shareholders of S$45.3 million for the full year ended 30 June 2013 (“FY2013”). The Group reported revenue of S$465.4 million for FY2013, an increase of […]

  • 8 October 2010
    Business & Finance

    Keppel Offshore & Marine Ltd (Keppel O&M) has delivered the P-57 Floating Production Storage and Offloading (FPSO) vessel to SBM Offshore N.V. (SBM) early, within budget and safely. Spanning 311 metres long by 56 metres wide, or almost three football fields, P-57 is one of the largest Brazilian FPSOs to be converted, under a turnkey […]

  • 13 January 2012

    The last major economy in Europe that is not a member of the offshore wind club is due to knock on the clubhouse door this year. France will be joining the club with a huge 3GW enrolment fee. This month, to be precise, 11 January 2012, was the deadline for the tenders to be submitted […]

  • 16 July 2018

    OPEC will maintain its role as a key oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030, according to Wood Mackenzie.

  • 8 August 2013
    Business & Finance

    Colombo’s new deep draft terminal constructed under the Colombo Port Expansion Project (CPEP) received its first container carrier, an 11,000 TEU Ultra Large Container Ship (ULCS) “MV CMA CGM PEGASUS” operated by CMA CGM, the world’s third largest container group and number one in France, on the 5th of August, 2013. The vessel touched Colombo […]

  • 10 June 2013
    Business & Finance, Research & Development

    Tidal Lagoon (Swansea Bay) Plc has announced the launch of a £2m local community share offer to give the people of Wales the opportunity to be early stage investors in the planning and design development phase of the Swansea Bay Tidal Lagoon proposal. The £2m Community Share offer is part of the Company’s current fundraising […]

  • 16 July 2012

    The Browse Liquefied Natural Gas precinct at James Price Point has been recommended for strict conditional approval, Environmental Protection Authority Chairman Paul Vogel announced today. Dr Vogel said the assessment of the Minister for State Development’s strategic proposal was the largest and most multi-faceted ever conducted in the EPA’s 40 year history. “The level of […]

  • 1 June 2016

    VesselsValue, a well-known website covering the shipping sector and providing values for the shipping vessels, is moving into the offshore market. Namely, the company has launched VesselsValue Offshore, covering the offshore support vessels sector. The VV Offshore database currently has almost 6.000 offshore vessels, and will probably be expanded by drilling rigs as well. Offshore […]

  • 2 July 2017

    Along with South-East Asia and Japan, Europe has an infrastructure which relies heavily on ferries and RoRo vessels for its transportation needs. As traffic is increasing and many ferries are aging, the construction of ferries is seen as one of the potential growth sectors in the shipbuilding business. Many of the traditional European ferry builders […]

  • 22 February 2012
    Business & Finance

    Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition and remediation services, today reported financial results for the quarter and year ended December 31, 2011. Commentary Chief Executive Officer Jonathan Berger said, “We finished 2011 with a solid fourth […]

  • 3 February 2012

    Evolutionary vessel propulsion systems have proved their maturity by successfully meeting challenges of reliability, efficiency and demanding environmental requirements. These systems are designed to offer a number of propulsion options for vessels of various sizes. Their affordability is another compelling feature for the market highly interested in the system integration. Diesel-electric propulsion A simplified and […]

  • 8 November 2018

    The United States has a lot to offer on the digitization of offshore wind, especially regarding artificial intelligence which can make the supply chain more efficient and potentially speed up the permitting and siting processes, Liz Burdock, President and CEO of the Business Network for Offshore Wind, said in an interview with Offshore WIND.

  • 4 March 2013
    Technology

    The ability of the Parat electrode boiler to manage fluctuations in renewable energy sources rapidly has brought swift uptake in Denmark since 2011. As the Norwegian company launches in Germany, Parat reflects on the promise its solution offers to efficiency in Europe’s smart electricity grids. Germany’s appetite for renewable energy dwarves other European states, accounting […]

  • 6 February 2014
    Business & Finance, Equipment, Technology

    The international consortium of leading infrastructure firms constructing the Panama Canal third set of locks expansion project continues to seek a solution for funding the completion of the project and completion of the works in 2015, even as the Autoridad del Canal de Panama (ACP) broke off negotiations, announced gupc.com.pa. The break in negotiations puts the […]

  • 9 August 2012

    Pacific Rubiales Energy released its unaudited consolidated financial results for the quarter ended June 30, 2012. Second Quarter 2012 Highlights EBITDA increased to a record $560 million ($1,098 million for the first six months, an increase of 19% compared to the same period in 2011), driven by production growth and higher netbacks. Net Earnings of […]

  • 22 July 2014
    Business & Finance, Project & Tenders

    Brazil’s state-controlled oil company Petrobras has announced that the company’s June oil production in Brazil averaged 2,008 thousand barrels/day (bpd), up 1.7% from May’s production of 1,975 thousand bpd. Including the production operated by Petrobras for its partners in Brazil, the volume reached 2,135 thousand bpd, up 2.1% from last month’s production of 2,092 thousand […]

  • 31 January 2013

    ConocoPhillips reported fourth-quarter 2012 earnings of $1.4 billion, or $1.16 per share, compared with fourth-quarter 2011 earnings of $3.4 billion, or $2.56 per share. Fourth-quarter 2011 reported earnings included downstream results prior to the separation of Phillips 66 on April 30, 2012. Excluding special items, fourth-quarter 2012 adjusted earnings were $1.8 billion, or $1.43 per […]

  • 24 February 2012
    Business & Finance, Operations & Maintenance

    Superior Energy Services, Inc. announced net income of $19.4 million, or $0.24 per diluted share on record revenue of $580.0 million for the fourth quarter of 2011, and non-GAAP adjusted net income of $54.6 million, or $0.67 per diluted share, after excluding the following: * A pre-tax, non-cash $46.1 million reduction in the asset value […]

  • 27 September 2017

    Although the maritime industry has long been understood as a traditional industry, it is being transformed by digitalization and connectivity. This has created opportunities for growth as maritime operations can be improved by sharing information and involving all parties in the transport chain. However, digitalization comes at a cost as everyone is exposed to the […]

  • 5 April 2017

    By DNV GL Fiscal metering of gas needs to ensure traceability to international standards. It must also reduce errors to levels that meet contractual or legal obligations, and which can be justified on technical and economic grounds. The huge volumes of gas flowing through transmission pipelines internationally means that puzzling differences between what goes into […]