Business & Finance
China: COSL Announces Growth in Revenue in First Quarter 2012
China Oilfield Services Limited, announced its unaudited results for the three months ended 31 March 2012. During the first quarter of 2012, the Group actively consolidated its presences in existing markets and continuously explored new domestic and overseas markets. Revenue for the first quarter of
Japanese Shipyard Orders OceanSaver BWT for Four Bulk Carriers
OceanSaver has entered the Japanese market with a major ballast water treatment contract for four open hatch bulk carriers being built by Japan’s Oshima Shipbuilding Ltd for Gearbulk. The 72,000dwt Open Hatch Bulk Carriers are being built to DNV class and each vessel will be fitted with a 1,200m3/h
UK: E.ON Hires BBUS to Install Cable on Humber Gateway Offshore Wind Farm
E.ON has announced that Balfour Beatty Utility Solutions (BBUS) has been awarded the contract to install the cable on its Humber Gateway offshore wind farm. The contract, worth circa £19 million, will involve the design and installation of a 30km section of underground 132kV cable which will be used
TOYO to Install Topsides on FPSO OSX 3 (Brazil)
MODEC and TOYO Offshore Production Systems Pte. Ltd. (MTOPS), has been awarded a contract to install topsides units for a Floating Production, Storage and Offloading (FPSO) system by MODEC’s Singaporean subsidiary, MODEC Offshore Production Systems (Singapore) Pte. Ltd. The FPSO will be delivOSX Bra
Intergraph Opens Newly-Expanded Global Marine Center in South Korea
Intergraph® has formally opened the newly-expanded Intergraph Global Marine Center in Busan, South Korea. This center of excellence has a dedicated team of marine experts to support customers, enabling them to implement SmartMarine® Enterprise easily for enhanced productivity in their marine and off
USA: High Demand Drives Oceaneering’s ROV Income Up
Oceaneering International, Inc. yesterday reported record first quarter earnings for the period ended March 31, 2012. On revenue of $594.9 million, Oceaneering generated net income of $51.5 million, or $0.47 per share. During the corresponding period in 2011, Oceaneering reported revenue of $470.4 m
New Zealand: RNZN to Decommission Principal Hydrographic Survey Vessel
HMNZS RESOLUTION, the RNZN’s principal hydrographic survey vessel will decommission from service at a formal ceremony in the Devonport Naval Base on Friday 27 April 2012. Media are invited to the event which will be attended by the Chief of Navy and other senior military dignitaries. During the cere
EnBW Implements Measures for Further Investments in New Energy Concept
“The past fiscal year was not an easy year for the energy industry and therefore also not for EnBW. It is all the more pleasing that we were able to create the main conditions for further forward-looking investments, despite the difficult general environment. The measures we have taken to safeguard
EnBW Implements Measures for Further Investments in New Energy Concept
“The past fiscal year was not an easy year for the energy industry and therefore also not for EnBW. It is all the more pleasing that we were able to create the main conditions for further forward-looking investments, despite the difficult general environment. The measures we have taken to safeguard
UK: Viper Subsea, Velocious Work Together to Reach Worldwide Exposure
UK-based Viper Subsea has signed a new collaboration agreement with Perth based Velocious. The agreement enables both companies, each of whom are already globally recognised as providers of high quality subsea solutions, to expand their offerings to overseas markets and collaborate on product supply
Ukrainian Shipyard Constructs Suction Anchors for Saipem
Kherson Shipyard has Successfully Completed the Construction of Offshore Structures for Italian Saipem Company. Recently PJSC Kherson Shipyard completed the construction of 6 pcs. offshore Structures of Suction Anchors (Hull No.18027) for Italian Offshore Saipem Company, designed to secure the under
USA: UTEC Expands AUV Fleet with Second Gavia AUV
UTEC has completed factory acceptance tests and has taken delivery of an additional Teledyne Gavia AUV (#27) to expand their AUV fleet. UTEC’s fleet of 1000m-rated AUV systems are licensed for use in 67 countries from UTEC’s Houston base. “UTEC is committed to investing in the best equipment and the
USA: AMHS, Alaska Ship and Drydock Sign Contract to Design Alaska Class Ferry
The Alaska Marine Highway System (AMHS) announced, on April 24th, that Alaska Ship and Drydock LLC (ASD) has officially signed on as a partner with the State of Alaska to design the Alaska Class Ferry. The Professional Services Agreement contract signed between the state and ASD designates the shipy
Mermaid Wins 3 Subsea Contracts in Qatar
Mermaid Maritime Public Company Limited (“Mermaid”) announces that its business unit Subtech Qatar Diving and Marine Services LLC (“Subtech”) has recently been awarded three (3) new contracts with new and existing clients. The first contract has already started and has an estimated value of USD 2.2