Business & Finance
Ireland: Lansdowne Provides Seismic Update of its Prospects in North Celtic Sea
Lansdowne Oil & Gas, announces an update of the interpretation of the recently processed 3D seismic surveys acquired in the summer of 2011, over its prospects in the North Celtic Sea, offshore Ireland. Amergin Prospect (Standard Exploration Licence 5/08 – part-Blocks 47/25, 48/21 & 22) Interpretatio
USA: Helix’s Oil & Gas Revenues Rise on High Prices and Lift in Production
Helix Energy Solutions Group, Inc., reported net income of $16.8 million, for the fourth quarter of 2011 compared with a net loss of $49.8 million, for the same period in 2010. Net income for the year ended December 31, 2011 was $129.9 million, compared with a net loss of $127.1 million, for the yea
Papua New Guinea: Marine Group Proposes Establishment of Citizens Mining Council
A Papua New Guinea marine conservation party has provided its proposal to the federal government to establish a citizens’ council to advise on deep sea mining projects. Papua New Guinea is the first nation in the region to have issued a deep sea exploration lease, with the Canadian company Nautilus
USA: SEACOR Marine to Buy Eighteen Liftboats
SEACOR Marine LLC announced an agreement with Superior Energy Services L.L.C. to purchase 18 liftboats for $134 million plus working capital. The transaction is expected to close by the end of March 2012, subject to regulatory approvals. All of the liftboats are currently located in the U.S. Gulf of
Subsea 7 Showcases AIV at Subsea Australasia Conference
A groundbreaking new vehicle that will enable subsea inspection of remote and challenging locations in the offshore oil and gas industry, including areas under ice and areas damaged by hurricanes, will come under the microscope at the Subsea Australasia Conference. The Autonomous Inspection Vehicle
Royal Boskalis Wins Dredging Contract in Port of Bahia Blanca, Argentina
Royal Boskalis Westminster N.V. has been awarded a contract for capital and maintenance dredging in the port of Bahia Blanca, Argentina. The contract value is approximately EUR 90 million and was acquired together with the Jan de Nul Group. Boskalis’ share of the total contract is approximately EUR
Blue Water Shipping Opens New Danish Office
Blue Water Shipping opens a new Danish office in Rodby on the island of Lolland primarily due to activities in connection with the Fehmarn Belt Fixed Link between Denmark and Germany. Blue Water Shipping opens its 14th Danish office. This time, Blue Water Shipping establishes an office with primary
USA: SEACOR Buys 18 Liftboats from Superior
SEACOR Marine has reached an agreement with Superior Energy Services L.L.C. to purchase 18 liftboats for $134 million plus working capital. The transaction is expected to close by the end of March 2012, subject to regulatory approvals. All of the liftboats are currently located in the U.S. Gulf of M
China: Afai Southern Signs Aluminum Alloy Ferry Contract
In the afternoon of February 18, 2012, Mr. Qiu Shuquan, Director/Vice General Manager of Afai Southern, and Mr. Richard, Contracting Manager of Damen Group, signed a shipbuilding contract of one 36m aluminum alloy ferry in Guangzhou. This vessel is the first one of DFF3609 project, will be propelled
UK: Sonardyne Expands Aberdeen Office
Sonardyne International has completed the expansion of its Aberdeen office to meet unprecedented demand from their European customer base. The Company has acquired premises adjoining their existing offices in the Bridge of Don, increasing the space available by a third for customer training, equipme
Australia: Browse Basin Drilling Begins Next Month
Karoon Gas Australia Ltd’s 2012 drilling campaign is expected to commence during the first week of March 2012 when the “Transocean Legend” drilling rig is mobilised by the Karoon/ConocoPhillips Joint Venture from the port of Dampier. A minimum of five wells will be drilled during the exploration pro
USA: Helix Releases Fourth Quarter and Full Year 2011 Results
Helix Energy Solutions Group, Inc. reported net income of $16.8 million, or $0.16 per diluted share, for the fourth quarter of 2011 compared with a net loss of $49.8 million, or $(0.48) per diluted share, for the same period in 2010, and net income of $46.0 million, or $0.43 per diluted share, in th
China Merchants Reveals Intention to Buy Ten New VLCCs
China Merchants Energy Shipping has revealed the intention to increase its competitiveness by purchasing 10 new VLCCs. Even though the oil tanker market is currently slow, Li Jian Hong, Chairman of China Merchants, is confident that this is the right moment for deriving a benefit from present low ne
Gas Stuck in Ukraine Hampered Gazprom’s Reputation, Miller Says
Alexey Miller, Chairman of the Gazprom Management Committee reported today to Russian President Dmitry Medvedev on the progress with the South Stream project. “It is a very timely project. Besides the evident growth in gas transit reliability, it will considerably enhance our capabilities to flexibl