Search results for: potential

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  • 17 November 2010

    InterOil Corporation today announced financial and operating results for the third quarter ended September 30, 2010. Third Quarter 2010 Highlights and Recent Developments • The Antelope 2 horizontal well confirmed a higher condensate-to-natural gas ratio of 24-27.7 barrels per million cubic feet of natural gas, approximately 60% higher than observed at the top of the […]

  • 20 April 2012

    Leading in design and construction of highly complex vessels and equipment worldwide, IHC Merwede now prepares to become competitive in the market for vessels and constructions of lesser complexity. Developing and building at local plants around the world, the international company expects growth by servicing a broader market segment. As IHC Merwede’s president Govert Hamers […]

  • 20 September 2012

    Global marine supplier Alfa Laval now offers a set of sustainable solutions designed to help ship owners and operators comply with current and pending environmental regulations. Grouped under the conceptual name “Pure thinking”, the products will provide security as existing legislation is tightened, as well as compliance with new laws such as those that will […]

  • 17 December 2013
    Business & Finance, Equipment, Technology

    In a year filled with budget cuts, hiring freezes, a reduction in staffing and a government shutdown, the U.S. Army Corps of Engineers Galveston District worked diligently to increase understanding of the Corps’ mission of providing vital public engineering services in peace and war to strengthen the nation’s security, energize the economy and reduce risks […]

  • 13 February 2013

    Any activity underwater and on or under the seabed in the various offshore energy sectors can usually be prefixed by the word “subsea”. Subsea activities began in earnest in the 30’s and 40’s of the last century with the first offshore oil wells. It was, however, the Victorian engineers laying communication cables across the seas and building ports to […]

  • 16 December 2013

    Van Oossanen’s invention of the Hull Vane could be considered as one of the most interesting innovations in underwater appendages for reducing a ship’s resistance since the invention of the bulbous bow in the late 19th century. The Hull Vane consists of a (hydro)foil positioned below the aft hull bottom of a vessel, way below […]

  • 19 February 2014

    When the Dutch indemnity insurance company NH 1816 decided to sponsor the Royal Dutch Life Saving Association (KNRM) in 2009, there was no urgent need for a replacement vessel in the KNRM fleet. This created the opportunity to develop a new type of Search and Rescue (SAR) vessel, corresponding to the present-day needs of the […]

  • 13 December 2017

    Browsing through Linkedin the other day, I’ve stumbled across a beautiful photo of two heavy lift vessels carrying the giant Aasta Hansteen topside out of the Westcon yard in Ølensvåg, Norway.

  • 16 March 2012
    Business & Finance

    Top individuals and companies in the offshore industry were celebrated last night at the 2012 Offshore Achievement Awards, with AMEC winning the Best Large Company Award and Professor Alex Kemp being awarded the Lifetime Achievement accolade. An audience of more than 370 guests attended the 26th OAA awards ceremony at Ardoe House Hotel, Aberdeen. They […]

  • 22 June 2012

    One of the UK’s newest and most versatile ‘marine renewables support vessels’ showed off some of her capabilities at Gills Harbour on the Pentland Firth this week. The one-year-old ‘multi-cat’ vessel Orcadia, which was reported to have cost £3.5 million when she was delivered last year from Damen Shipyards in the Netherlands, was making her […]

  • 27 July 2010
    Business & Finance, Equipment, Project & Tenders

    Subsea 7 Inc.  today reports the second quarter and half year results for 2010. PERFORMANCE SUMMARY Quarter Highlights * Good project execution in all regions. * Award of the largest single contract to the Company’s i-Tech business by Petrobras in Brazil. The contract value is estimated at a minimum of USD 250 million with the […]

  • 6 June 2014
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    U.S. Chemical Safety Board (CSB) has reported that the blowout preventer (BOP) that was intended to shut off the flow of high-pressure oil and gas from the Macondo well in the Gulf of Mexico during the disaster on the Deepwater Horizon drilling rig, failed to seal the well because drill pipe buckled. The blowout caused […]

  • 3 September 2017
    Rules & Regulation

    The next few years will see some significant changes in emission regulations for shipowners. These include the rules concerning sulphur oxides (SOx) in the form of the 2020 global sulphur cap and nitrogen oxides (NOx) with the establishment of Nitrogen Emission Control Areas (NECAs) in 2021. Covering the same geographical area as the current North […]

  • 13 April 2018

    With projects like Johan Castberg, Polarled, Aasta Hansteen, Snefrid Nord, Askeladd and the offshore exploration campaign in the Barents Sea, multi-billion investments are lined up for Northern Norway. 

  • 13 November 2018
    Business & Finance

    The Ukrainian Sea Ports Authority (USPA), one of the largest state enterprises, is working on some major dredging projects that will be total game-changers for the country’s ports. Over the next five years, USPA is planning to perform capital and maintenance dredging works in Ukrainian ports, canals and inland waterways with the volume of dredged […]

  • 16 January 2017
    Business & Finance, Research & Development

    SubCom is global supplier of undersea communications technology and marine services. The company designs, manufactures, and installs fiber optic cable systems around the world. To date, SubCom deployed more than 100 cable systems and enough subsea cable to circle the Earth more than 15 times at the equator. Subsea World News has spoken to Debra Brask, […]

  • 31 July 2014
    Business & Finance, Operations & Maintenance

    During the quarter Carnegie Wave Energy Limited focused primarily on its Perth Wave Energy Project (the Perth Project) with the CETO unit assembly and test phase, delivery of the desalination plant to the Garden Island onshore site and the construction of the onshore power plant and grid connection. Carnegie also progressed its CETO 6 Project […]

  • 7 August 2008

    HOUSTON, Aug. 5 /PRNewswire-FirstCall/ — Parker Drilling Company (NYSE: PKD), a global drilling contractor and service provider, today announced that 44 percent revenue growth for the three months ended June 30, 2008 led to a 34 percent increase in profitability compared with the second quarter of 2007. Other highlights include: — Net Income of $22.6 […]

  • 22 May 2012

    2012 is a critical year for the IMO Ballast Water Convention and for Swedish oil products supplier Nynas AB. According to industry sources, it will be the year that the Convention will see ratification. It will also be the year that Nynas will commission chemical-free Alfa Laval PureBallast onboard two newbuildings and Alfa Laval PureBallast […]

  • 10 February 2011
    Business & Finance

      Noble Energy, Inc. reported today fourth quarter 2010 net income of $52 million, or $0.29 per share diluted, on revenues of $783 million. Included in net income for the quarter were a few items which are typically not considered by analysts in published estimates. Excluding the impact of these items, which included an unrealized […]

  • 6 November 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 nine months ended September 30, 2012. Chief Executive Officer Jonathan Berger said, “Our third quarter results were hampered by […]

  • 20 September 2012
    Business & Finance

    Global marine supplier Alfa Laval now offers a set of sustainable solutions designed to help ship owners and operators comply with current and pending environmental regulations. Grouped under the conceptual name “Pure thinking”, the products will provide security as existing legislation is tightened, as well as compliance with new laws such as those that will […]