Business & Finance
UK: BMT Cordah, add novatech Launch NEMS Accounter Light
BMT Cordah, a subsidiary of BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy, has launched the NEMS Accounter® Light reporting software to the UK market. The software developed by environmental specialists add novatech, in conjunction with BMT Cor
Kitron Signs Contract with Leading Supplier of Offshore Equipment (Norway)
Kitron AS, a subsidiary of Kitron ASA, has signed a contract with a leading supplier of offshore equipment… (Reuters) [mappress] Source: Reuters, October 27 , 2011;
Switzerland: ABB Releases Q3 Results
ABB reported a 24-percent increase in operational EBITDA in the third quarter on double-digit revenue growth compared with the third quarter of last year. In addition to higher revenues, the increase reflects successful cost reductions that continued to more than offset price pressure. The recent Ba
Norway: Kitron Inks Deal with Leading Supplier of Offshore Equipment
Kitron AS, a subsidiary of Kitron ASA, has signed a contract with a leading supplier of offshore equipment. The agreement covers the period 2012 to 2014. In this period the expected turnover under the contract is between NOK 200 and 300 million. Kitron already has received purchase orders under the
Brazil: DORIS Chooses Intergraph for Design of 8 Petrobras FPSO Topsides
DORIS Engenharia Ltda., the Brazilian subsidiary of France’s DORIS Engineering and a specialist in the offshore oil and gas industry, has chosen Intergraph® SmartMarine® Enterprise solutions to design the topsides of eight floating, production, storage and offloading (FPSO) units for global energy l
UK: H&W to Manufacture First Two Commercial Offshore Suction Bucket Foundations
Harland and Wolff will manufacture the first two commercial offshore suction bucket foundations (Universal Foundations) at its Belfast facilities. The contract forms part of an overall project secured by Fred. Olsen United AS with Forewind Ltd. for the construction, delivery and installation of two
France: AXSMarine Releases Enhanced Version of its Chartering Tools
AXSMarine, a shipping software company providing online chartering tools coupled with an array of in-house databases, is launching an enhanced version of its tanker software. AXSTanker, a unique and exclusive service offering reserved for tanker brokers only, has evolved to adapt to new market requi
Cairn Deploys Centek Itsfu in Greenland Offshore Operations
Cairn Energy PLC, the Edinburgh-based oil and gas exploration and production company, has successfully deployed Centek’s Itsfu Auto Fill Sub in drilling operations in its 2011 Greenland Drilling campaign. The Itsfu provides controlled drill string filling in one third of the time of alternative met
Vattenfall Operating Profit up (UK)
Vattenfall reports an operating profit for the third quarter 2011 of SEK 4,447 million (5,829). The underlying profit has improved, and the Group delivered on its strategy of streamlining operations and consolidating its financial position. “The lower earnings for the third quarter than the correspo
Vattenfall Operating Profit up (UK)
Vattenfall reports an operating profit for the third quarter 2011 of SEK 4,447 million (5,829). The underlying profit has improved, and the Group delivered on its strategy of streamlining operations and consolidating its financial position. “The lower earnings for the third quarter than the correspo
Cairn Uses Centek Itsfu in Greenland Offshore Operations
Cairn Energy PLC, the Edinburgh-based oil and gas exploration and production company, has successfully deployed Centek’s Itsfu Auto Fill Sub in drilling operations in its 2011 Greenland Drilling campaign. The Itsfu provides controlled drill string filling in one third of the time of alternative meth
Norway: NYK Offshore Unit Secures Time Charter for Two Shuttle Tankers
Knutsen NYK Offshore Tankers AS, of which NYK has a 50% share, has signed a time-charter party with Ente Nazionale Idrocarburi S.p.A, an Italian multinational oil and gas company. The contract is for two shuttle tankers for a maximum 10-year period starting from summer 2013. Two new 123,000 DWT Suez
Norway: CGGVeritas’ Oceanic Sirius Acquires 3D BroadSeis Survey on Avaldsnes Field
CGGVeritas announced that the first project for its recently launched Oceanic Sirius X-BOW® seismic vessel will be a 3D BroadSeis™ survey on the Avaldsnes field, potentially estimated to be the third largest oil discovery in Norway, on behalf of Lundin Petroleum. The Oceanic Sirius joined the CGGVer
The Netherlands: High Oil Prices Drive Shell’s Profit Up
At 07.00 BST (08.00 CEST and 02.00 EDT) on Thursday 27 October, 2011 Royal Dutch Shell plc released its third quarter results and third quarter interim dividend announcement for 2011. Royal Dutch Shell’s third quarter 2011 earnings, on a current cost of supplies (CCS) basis (see Note 1), were $7.2 b