Business & Finance
Expro Wins Safety Leadership Award at Subsea UK
Leading international oilfield services company Expro has won a coveted safety leadership award at a prestigious awards dinner in Aberdeen last night. Expro won the award from Subsea UK in recognition of its outstanding safety record. The safety leadership award is given to companies who can demonst
Expro Reaps Award at Subsea UK
Leading international oilfield services company Expro has won a coveted safety leadership award at a prestigious awards dinner in Aberdeen last night. Expro won the award from Subsea UK in recognition of its outstanding safety record. The safety leadership award is given to companies who can demonst
UK: Car Carrier Sector Capacity Management Leads the Way
The Carrier Car industry has emerged from the global recession with what looks like limited damage compared with the head-on collision others experienced. Drewry believes that this sector, with its small orderbook, is better positioned than most others in the shipping industry, who suffer from large
Norway: EMGS Reports Record Financial Results
EMGS, a company specializing in electromagnetic marine surveys, has announced record financial results, with quarterly revenues hitting a USD 57.8 million figure. Highlights in the fourth quarter 2011 include record-high financial results: Total revenues at USD 57.8 million for the quarter EBITDA of
USA: Vigor Starts Construction of WSF’s New 144-Car Ferry
Vigor Shipyard has reportedly commenced the construction of a new 144-car ferry. Construction work on this vessel was agreed under a 147M$ agreement signed between Washington State Ferry and Vigor Shipyard on November 1. The 32 M$ ferry design is based on the 130-car Issaquah class, which accounts f
Aubin Launches New Product Range at Subsea UK
Aubin, a leading independent supplier of specialist chemicals to the energy industry, is launching a new product range at this year’s Subsea UK exhibition. The first of these innovative products is DiveGel, a new application of the company’s game-changing Gel Lift System (GLS), which will revolution
Norway: Glitne to Produce Until 2014
The partnership in production license 048 B recently signed an agreement with Teekay to carry out maintenance work on the Floating Production, Storage and Offloading (FPSO) unit, Petrojarl I. As a consequence, Glitne is expected to keep production going until 2014. In the Plan for Development and Op
Greece: EDF Trading Charters Diana Shipping’s New Bulk Carrier
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, yesterday took delivery of the newly-built m/v “Los Angeles”, a Newcastlemax dry bulk carrier of 206,104 dwt that was contracted in April 2010. As previously announced, the m/v “Los Angele
Mitsubishi Buys Stake in Two German Offshore High-Voltage Cable Projects
TenneT has entered into a partnership with Mitsubishi Corporation by agreeing to sell a 49% equity stake in two German offshore high-voltage cable projects, BorWin1 and BorWin2. Mitsubishi’s aggregate equity commitment will total EUR 240 million. This partnership represents a milestone transaction i
GDF SUEZ Reports Solid Results for 2011 (France)
GDF SUEZ continued to report solid results for 2011, with EUR 90.7 billion in revenues, up +7.3% despite highly unfavorable weather conditions and the gas tariff freeze in France. EBITDA grew by +9.5% thanks to the contribution of International Power from February 2011, the commissioning of new asse
GDF SUEZ Reports Solid Results for 2011 (France)
GDF SUEZ continued to report solid results for 2011, with EUR 90.7 billion in revenues, up +7.3% despite highly unfavorable weather conditions and the gas tariff freeze in France. EBITDA grew by +9.5% thanks to the contribution of International Power from February 2011, the commissioning of new asse
USA: DOF Orders Six ROVs from Forum
Forum Energy Technologies, Inc. (FET) has signed a contract with DOF Subsea AS (DOF) under which FET will supply six complete Perry™ XLX Generation 2 (G2) 150 horsepower Remotely Operated Vehicle (ROV) systems including tooling and survey packages. All six systems are scheduled for delivery in 2012.
Sagres Prepares for Drilling Offshore Jamaica
Sagres Energy Inc., an international oil and gas company with an exploration portfolio in Colombia, Guyana and Jamaica, provides an update on its activities in Jamaica. The company’s subsidiary, Rainville Energy Corporation (“Rainville”), is a party to three production sharing agreements with the Pe
USA: Forum to Supply DOF Subsea with Six Perry(TM) XLX ROV Systems
Forum Energy Technologies, Inc. (FET) announces the signing of a contract with DOF Subsea AS (DOF). Under the contract, FET will supply six complete Perry™ XLX Generation 2 (G2) 150 horsepower Remotely Operated Vehicle (ROV) systems including tooling and survey packages. All six systems are schedule