The Joint Venture Nordsee Nassbagger- und Tiefbau Gmbh – GeoSea NV, both of them members of the Belgian dredging, marine engineering and environmental Group DEME, has been awarded two different contracts for prepiling and installation works to construct both the EnBW Baltic 2 wind farm, 32 km north
Endeavour International Corporation (NYSE Amex: END) (LSE: ENDV) today announced it has signed a definitive agreement to sell its Cygnus asset in the Southern Gas Basin of the United Kingdom sector of the North Sea to Bayerngas UK Ltd., the UK oil and gas subsidiary of Bayergas Norge AS, for a cash
Seadrill reports second quarter 2010 results: Highlights * Seadrill generates second quarter 2010 EBITDA of US$493 million * Seadrill reports second quarter 2010 net income of US$329 million and earnings per share of US$0.77 * Seadrill acquires the seven jack-up rig company Scorpion Offshore Ltd * S
Offshore engineering specialist IHC Engineering Business (EB) is “absolutely” confident of being back in profit this year after investment… By Karen Dent, The Journal [mappress] Source: Nebusiness, August 31, 2010,
LUKOIL publishes consolidated US GAAP financial accounts for the second quarter and first half of 2010. The Company’s net income was $4,002 million in the first half of 2010, including $1,949 million in the second quarter. The Company’s free cash flow in the first half of 2010 amounted to $3,127 mil
Statoil has awarded to Aker Solutions Marulk tie-in to the floating production, storage and offloading (FPSO) vessel Norne. Aker Solutions estimates the value of the work to be approximately NOK 120 million. “This award falls within our core business and strategic objective of pursuing more advanced
Wood Group has entered into a contract with BP Operating Company Ltd (‘BP’) to provide topside engineering and project management services for BP’s Andrew Area Development project in the central North Sea. The project scope includes the tie-back of the Kinnoull reservoir to Andrew, some 28km away, a
STX Norway Offshore has entered into two new contracts with Island Offshore for the building of two LNG powered Platform Supply Vessels. The vessels are scheduled for delivery in Q2 and Q3 2012. The total value of the contracts amounts to approximately NOK 900 million. Roy Reite, President of STX No
CGGVeritas announced that it has been awarded by Pemex a more than 150M$ contract extension to acquire a 3D wide–azimuth (WAZ) program in the Mexican waters of the Gulf of Mexico which will be extended to 18,000 square kilometers. The total survey, which is above 200M$, will be the first WAZ contrac
Schlumberger Limited announced today that it has closed its merger with Smith International, Inc. As previously announced, each Smith stockholder will receive 0.6966 shares of Schlumberger common stock in exchange for each Smith share, with cash paid in lieu of any fractional shares of Schlumberger
Statoil has awarded Bristow Norway a 10-year contract for three helicopters to fly from Flesland heliport in Bergen from 2012. Taking effect on 15 January 2012, the contract involves the use of three brand-new Sikorsky S92 helicopters, in addition to a new hangar and office facilities at Flesland. T
In cooperation with C-Job, HollandMT has developed a new range of compact Trailing Suction Hopper Dredgers (TSHD). The new standard range… [mappress] Source: HollandMT;
On 20 August 2010, flexible fallpipe vessel Stornes was launched at the CIMC Raffles yard in Yantai, China. A naming ceremony will be held at a later date. Final building operations will be conducted at the same yard. The ship is scheduled for completion in 2011 after which it will be operational on
Dana Petroleum, the independent oil and gas exploration and production company focused on growth through international exploration and the development of production in the North Sea and Egypt, reports its interim results for the first half of 2010. HIGHLIGHTS Strong Financial Performance * Total inc
