Business & Finance
France: Technip Announces Results for Third Quarter 2011
On October 25, 2011, Technip’s Board of Directors approved the third quarter 2011 consolidated accounts. Third Quarter 2011 Results • Revenue of €1,699 million, of which €754 million in Subsea • Group operating margin4 of 10.6%: 16.9% in Subsea and 7.1% in Onshore/Offshore • €2,352 million of order
Forum Sells Two ROVs to MRTS, Russia
Forum Energy Technologies, Inc. (Forum) announced the entry into an agreement with MRTS, an operator of offshore pipe laying vessels based in Moscow, Russia, to sell two Perry™ XLX ROVs (Remotely Operated Vehicles). This will mark the first sale of work-class ROV systems from Forum Subsea Technologi
UK: Wind Wave Workboats, South Boats Sign Contract for 17m Vigilante Catamaran
South Boats Special Projects Ltd. and Wind Wave Workboats Ltd. announce the two companies have signed a contract for the construction for the ‘Freddie S’, a first of class South Boats 17m Vigilante catamaran. The vessel will be built at South Boats’ new facility in Cowes and will be delivered in Aug
ABB Publishes Q3 Results (Switzerland)
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
CGGVeritas to Acquire Broadseis Data on Avaldsnes Field, Offshore Norway
CGGVeritas announced today 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
Norway: AGR Secures Contract Extension for RMR with Total
One of the largest operators in the UK sector of the North Sea has extended its contract for AGR’s Riserless Mud Recovery system (RMR™) by four years. TOTAL E&P UK’s multiple-well deal with Norwegian solutions provider AGR also includes the firm’s Cutting Transportation System (CTS). The extension,
UK-France Power Interconnector Returns to Full Capacity
The UK-France power interconnector is to return to its full 2,000 megawatt (MW) capacity on Friday afternoon at 1700 UK time (1800 CET… (Reuters) [mappress] Source: Reuters,October 27 , 2011;
Forum Announces Sale of Two XLX ROVs to MRTS (Russia)
Forum Energy Technologies, Inc. (Forum) announces the entry into an agreement with MRTS, an operator of offshore pipe laying vessels based in Moscow, Russia, to sell two Perry™ XLX ROVs (Remotely Operated Vehicles). This will mark the first sale of work-class ROV systems from Forum Subsea Technologi
Norway: Statoil Delivers Strong Third Quarter Financial Results
“Statoil delivered strong financial results in the third quarter of 2011, reflecting operational performance in line with expectations and strong oil and gas prices throughout the period,” says Helge Lund, Statoil’s chief executive officer. Statoil presented the long term strategy and long term grow
Norway: Statoil 3Q Net Income Rises 39 pct
Statoil’s third quarter 2011 net operating income was NOK 39.3 billion, a 39% increase compared to NOK 28.2 billion in the third quarter of 2010. “Statoil delivered strong financial results in the third quarter of 2011, reflecting operational performance in line with expectations and strong oil and
UK: Shetl and SSE Seek Views on Subsea Cable Plans Between Orkney and Caithness
Proposals for a subsea electricity cable between Orkney and Caithness have been put out for public consultation… (BBC) [mappress] Source: BBC ,October 27 , 2011;
Total E&P UK Extends Contract for AGR’s RMR
One of the largest operators in the UK sector of the North Sea has extended its contract for AGR’s Riserless Mud Recovery system (RMR™) by four years. TOTAL E&P UK’s multiple-well deal with Norwegian solutions provider AGR also includes the firm’s Cutting Transportation System (CTS). The extension,
UK: BMT ARGOSS, International Paint Join Forces to Improve Hull Coatings Performance
BMT ARGOSS and International Paint announces the formation of a partnership that can deliver demonstrable and transparent improvements in performance, efficiency and environmental emissions for the global shipping fleet. By deploying International Paint’s world class fouling control coatings in conj
Greece: DryShips Signs USD 141 Mln Loan Facility for Four Tankers
DryShips Inc., a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, announced the signing of a $141 million syndicated secured term loan facility to partially finance the construction costs of the tankers Belmar, Calida,