Business & Finance
Canada: Optech Releases New CZMIL System
Optech, the world leader in the development, manufacture and support of advanced lidar and camera survey instruments, announces the release of the new airborne Optech CZMIL Coastal Zone Mapping and Imaging Lidar system. Optech CZMIL is an innovative airborne coastal zone mapping system that produces
Topaz’s New AHTS Vessels to Work in Caspian Sea
Topaz Energy and Marine, a subsidiary of Oman-based Renaissance Services SAOG and a regional leader in providing offshore support vessels and engineering services, has added yet another milestone to its 35-year history by building two Anchor Handling/Offshore Support/Towing vessels. The two sister v
USA: Scripps Oceanographer Receives One of Highest Honors in Science
Bill Young, a professor of physical oceanography at Scripps Institution of Oceanography, UC San Diego, received one of the highest honors in science May 1, being named to the National Academy of Sciences. Thirty years after his first stint at Scripps as a postdoctoral researcher, he joins 13 other l
Topaz’s New Offshore Support Vessels to Work for BP in Caspian Sea
Topaz Energy and Marine, a subsidiary of Oman-based Renaissance Services SAOG and a regional leader in providing offshore support vessels and engineering services, has added yet another milestone to its 35-year history by building two Anchor Handling/Offshore Support/Towing vessels. The two sister v
Canada: 1Q Financial Reports from Nautilus Minerals
Nautilus Minerals Inc. announces the release of its unaudited consolidated financial results for the first quarter ended March 31, 2012 together with Management’s Discussion and Analysis. First quarter 2012 highlights: – Exploration Program commenced in the Bismarck Sea, PNG – Technical Report updat
Statoil: 14 Pct Increase in First Quarter Results (Norway)
Statoil’s first quarter 2012 net operating income was NOK 57.9 billion, a 14% increase compared to NOK 50.8 billion in the first quarter of 2011. “Statoil grew production by 11% and realised high oil and gas prices in the first quarter of 2012, generating strong financial results for the period. Pro
Japan: Sanoyas Builds Largest Bulk Carrier Designed with FORAN
FORAN has been the CAD/CAM software selected for the entire design of the vessel “Spring Aeolian”, an 83,000 DWT bulk carrier considered the largest deadweight and cargo hold capacity PANAMAX bulkcarrier in the world. The vessel, already launched, has been designed and built in Sanoyas Shipyard, a s
Brazil: Oceaneering to Supply Umbilicals for Petrobras’ Lula and Sapinhoa Fields
Oceaneering International, Inc. announced it has secured a contract from Petroleo Brasileiro S.A., Petrobras, to supply approximately 200 kilometers, or 125 miles, of thermoplastic production control umbilicals for field development projects offshore Brazil in the Santos Basin. This contract has add
Oceaneering Receives Largest Umbilical Order in Its History (Brazil)
Oceaneering, a global oilfield provider of engineered services and products primarily to the offshore oil and gas industry has received an order from Brazilian oil giant Petrobras, for the supply of approximately 200 kilometers, or 125 miles, of thermoplastic production control umbilicals for field
Littoral Combat Ship, USS Fort Worth Completes Acceptance Trials (USA)
The nation’s third Littoral Combat Ship, USS Fort Worth (LCS 3), successfully completed its U.S. Navy acceptance trials and will be delivered to the Navy this summer. Fort Worth is the second surface combatant designed and built by a Lockheed Martin -led industry team. The trials, conducted in Lake
USA: Dril-Quip Reports Growth in Revenues for 1Q 2012
Dril-Quip, Inc. announced net income of $28.8 million, or $0.71 per diluted share for the three months ended March 31, 2012, versus net income of $21.7 million, or $0.54 per diluted share for the first quarter of 2011. Total revenues were $177.1 million during the quarter ended March 31, 2012 compar
GBI, Xtera Announce First Submarine Cable with 100G Technology in Mediterranean Sea
Gulf Bridge International (GBI), the Middle East’s first carrier neutral regional network, and Xtera Communications Inc. (Xtera), a leading global provider of optical networking solutions, announced what is believed to be the first commercial repeatered submarine cable system in service with 100G te
UK: Vattenfall, Babcock, Abengoa Launch EPC Wave and Tidal Company Nautimus
Nautimus, the new Scottish company, has been established by Vattenfall, with support from leading UK engineering support services firm Babcock and Abengoa, the international company that applies innovative technology solutions for sustainable development in the energy and environment sectors. The co
USA: FLC’s Interagency Partnership Award for PNNL Technology
Creators of a nanotech-based system that captures carbon dioxide directly from the atmosphere within a submarine, while providing a more environmentally friendly removal process, have won the Federal Laboratory Consortium Interagency Partnership Award for 2012. The technology — Self Assembled Monola