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  • 9 August 2012

    Yangzijiang Shipbuilding Holdings Ltd, a large shipbuilding enterprise from China, has reported cancellation of eight shipbuilding contracts in the second quarter of the year due to the clients’ failure to complete payments for their orders. As reported by the Wall Street Journal, the vessels in question include six dry-bulk carriers with a capacity of 82,000 […]

  • 9 August 2012
    Business & Finance

    NOL Group yesterday reported second quarter 2012 Core EBIT (Earnings Before Interest and Taxes) of US$16 million, a US$57 million turnaround in the key profitability measure from a year ago. NOL’s container shipping line, APL, reported second quarter Core EBIT of US$7 million. It was the first time since the fourth quarter of 2010 that […]

  • 7 August 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 six months ended June 30, 2012. Chief Executive Officer Jonathan Berger said, “The dredging division performed well this quarter, […]

  • 3 August 2012
    Business & Finance

    Singapores’s Sembcorp Marine achieved a net profit of $143 million for 2Q 2012. This was 5% lower as compared with $150 million for the corresponding period in 2011, attributable mainly to the timing in recognition of projects, the number of projects that achieved initial recognition, the value and the design of the rig building projects. […]

  • 2 August 2012
    Business & Finance

    Nautilus Minerals Inc. announces the release of its unaudited consolidated financial results for the second quarter ended June 30, 2012 together with Management’s Discussion and Analysis. Q2 2012 Significant Events: – Bismarck Exploration Program completed – Signed landmark offtake agreement for Solwara 1 – Listed on OTCQX – Dispute process and arbitration with the State […]

  • 31 July 2012

    Anadarko Petroleum Corporation announced a second-quarter 2012 net loss attributable to common stockholders of $380 million. These results include certain items typically excluded by the investment community in published estimates. In total, these items decreased net income by approximately $804 million on an after-tax basis. Cash flow from operating activities in the second quarter of […]

  • 31 July 2012
    Business & Finance

    Superior Energy Services, Inc. announced net income from continuing operations of $142.8 million, or $0.90 per diluted share, and net income of $141.9 million, or $0.89 per diluted share, on revenue of $1,243.3 million for the second quarter of 2012. Non-GAAP adjusted earnings from continuing operations was $131.6 million, or $0.83 per diluted share, and […]

  • 30 July 2012
    Business & Finance

    Vantage Drilling, a Cayman Islands exempted offshore drilling contractor, reports a net loss of $10.0 million or ($0.03) per diluted share for the three months ended June 30, 2012 as compared to a net loss of $40.1 million or ($0.14) per diluted share for the three months ended June 30, 2011. For the six months […]

  • 30 July 2012
    Business & Finance

    Cameron reported net income of $174.6 million, or $0.70 per diluted share, for the quarter ended June 30, 2012, compared with net income of $148.0 million, or $0.59 per diluted share, for the second quarter of 2011. The second quarter 2012 results include pre-tax charges of $9.9 million, or $0.04 per share, primarily related to […]

  • 29 July 2012
    Business & Finance

    Exxon Mobil reported a profit of $15,910 million for the second quarter of this year a 49% rise compared to the the second quarter of 2011. SECOND QUARTER HIGHLIGHTS Earnings of $15,910 million increased $5,230 million or 49% from the second quarter of 2011. Earnings included a net gain of $7.5 billion associated with divestments […]

  • 27 July 2012

    Exxon Mobil reported a profit of $15,910 million for the second quarter of this year a 49% rise compared to the the second quarter of 2011. SECOND QUARTER HIGHLIGHTS Earnings of $15,910 million increased $5,230 million or 49% from the second quarter of 2011. Earnings included a net gain of $7.5 billion associated with divestments […]

  • 26 July 2012
    Business & Finance

    Oceaneering International, Inc. today reported record second quarter earnings for the period ended June 30, 2012. On revenue of $673 million, Oceaneering generated net income of $72.6 million, or $0.67 per share. During the corresponding period in 2011, Oceaneering reported revenue of $546 million and net income of $56.7 million, or $0.52 per share. Year […]

  • 26 July 2012
    Business & Finance

    ConocoPhillips reported second-quarter 2012 earnings of $2.3 billion, or $1.80 per share, compared with second-quarter 2011 earnings of $3.4 billion, or $2.41 per share. The current quarter includes one month of downstream earnings related to discontinued operations associated with the April 30, 2012, spinoff of Phillips 66. Last year’s quarter included three months of downstream […]

  • 26 July 2012

    Based on a review of hydrogeologic information from the SEACO plant site, the South Carolina Department of Health and Environmental Control has determined that contamination in the groundwater at the site will not impact the Congaree River. Also, a DHEC review of current monitoring data from the Congaree River shows there are no detectable levels […]

  • 26 July 2012
    Business & Finance, Research & Development

    Wave energy developer Carnegie Wave Energy Limited announces a new report from Australia’s national science agency highlighting the significant role that wave energy can play in Australia’s future energy mix. The study, carried out by the CSIRO (Commonwealth Scientific and Industrial Research Organisation), concluded that the total near shore wave energy between Geraldton and Tasmania […]

  • 25 July 2012
    Business & Finance

    FMC Technologies, Inc. reported second quarter 2012 revenue of $1.5 billion, up 22 percent from the prior-year quarter. Diluted earnings per share were $0.46 compared to $0.39 in the prior-year quarter. Total inbound orders were $1.4 billion and included $878.2 million in Subsea Technologies orders. Backlog for the Company was $5.2 billion, including Subsea Technologies […]

  • 24 July 2012
    Business & Finance

    Helix Energy Solutions Group, Inc. reported net income of $44.6 million, or $0.42 per diluted share, for the second quarter of 2012 compared with net income of $41.3 million, or $0.39 per diluted share, for the same period in 2011, and net income of $65.7 million, or $0.62 per diluted share, in the first quarter […]

  • 24 July 2012
    Business & Finance, Project & Tenders

    PTTEP reports the successful drilling results of the appraisal well, Maple-2. The well is located in Cash-Maple field (Permit AC/RL7) in the Timor Sea of Australia. The well was drilled to a total depth of 4,150 metres on July 1, 2012. The flow rate testing indicates the rate of approximately 30 million standard cubic feet […]

  • 23 July 2012
    Business & Finance

    Halliburton announced today that income from continuing operations for the second quarter of 2012 was $745 million, or $0.80 per diluted share. This compares to income from continuing operations for the first quarter of 2012 of $635 million, or $0.69 per diluted share. First quarter reported results included $300 million {$191 million, after-tax, or $0.20 […]

  • 22 July 2012
    Business & Finance

    Schlumberger Limited reported second-quarter 2012 revenue of $10.45 billion versus $9.92 billion in the first quarter of 2012, and $8.99 billion in the second quarter of 2011. Income from continuing operations attributable to Schlumberger, excluding charges and credits, was $1.4 billion—an increase of 8% sequentially and 20% year-on-year. Diluted earnings-per-share from continuing operations, excluding charges […]

  • 19 July 2012
    Business & Finance

    Noble Corporation reported second quarter 2012 earnings of $160 million, or $0.63 per diluted share, versus $120 million, or $0.47 per diluted share, for the first quarter of 2012. Earnings for the second quarter of 2011 were $54 million, or $0.21 per diluted share. Contract drilling services revenues for the second quarter of 2012 were […]

  • 16 July 2012
    Business & Finance

    Fairfield Energy Limited confirms that, following the hydrocarbon sheen reported in the vicinity of the Osprey subsea manifold last Tuesday (10th July), an ROV survey has now successfully identified the source of the subsea leak less than 5 days after the initial reports of the sheen. Fairfield Energy are consequently arranging for a Diving Support […]

  • 21 June 2012
    Business & Finance

    As part of the development of the jackets business towards operational excellence, Nina Udnes Tronstad steps down from her position as Executive Vice President for the Jackets business area and President of Kvaerner Verdal A/S. Senior Vice President Sverre Myklebust will as of today act in both positions until a successor has been recruited. “Nina […]

  • 21 June 2012
    Business & Finance

    The Netherlands based heavylift and transportation specialist, Dockwise Ltd., today announces near USD 85 million backlog additions in new contracts, bringing total for this quarter to approximately USD 102 million. Dockwise was awarded fifteen short term contracts, mainly for execution in Q2 and Q3 2012. The projects include twelve jack-up rig transports for various owners […]

  • 13 June 2012

    ETI CEO Dr David Clarke responds to the Crown Estate’s Offshore Wind Cost Reduction Pathways study and the Offshore Wind Cost Reduction Task Force Report. David Clarke, Chief Executive and contributor to the Offshore Wind Cost Reduction Task Force Report: “The UK is in a fortunate position to have the opportunity to harness offshore wind […]