Business & Finance
USA: Forum Announces New Appointments
Forum Energy Technologies, Inc. (FET) announces the appointment of two senior management positions within Forum Subsea Technologies’ DPS Offshore group. The DPS Offshore group is the leading provider of rental equipment and calibration services to the marine survey, construction, Remotely Operated V
Ireland: Providence Encounters Hydrocarbons at Barryroe Appraisal Well
Providence Resources P.l.c. the London (AIM) and Dublin (ESM) quoted oil and gas exploration and production company, today provided a further market update on its ongoing drilling programme in the North Celtic Sea Basin, offshore southern Ireland. The 48/24-10z Barryroe appraisal well is located in
USA: Robert Allan Delivers New Tugs to Signet Maritime
The Signet Constellation and Signet Stars & Stripes are the latest development in Robert Allan Ltd.’s RAstar series of tugs. These two powerful new escort tugs have been delivered to their owner’s – Signet Maritime Corporation of Houston, Texas. They were constructed to provide marine support servic
Norway: EMGS Announces Record Revenues in Fourth Quarter 2011
EMGS has released the fourth quarter results for 2011 with recorded revenues of USD 57.8 million, up from USD 27.2 million in the fourth quarter of 2010. Highlights in the fourth quarter 2011 include record-high financial results: * Total revenues at USD 57.8 million for the quarter * EBITDA of USD
USA: ACL Announces New Weekly RO-RO Service
Atlantic Container Line commences a new, weekly RORO service from the North America to Russia and Finland. It is the fastest and most frequent service available in the market. The service begins February 2012, using ACL’s transatlantic vessels and Finnlines’ ice-class Baltic vessels. The Grimaldi Gr
Australia: Octanex Wraps Up Tamar Survey
Octanex N.L. today announced that the Tamar 3D seismic survey, located within the WA-420-P permit, has been completed. The Tamar survey is the second of three new 3D seismic surveys currently being acquired in the Company’s Southern Bonaparte Basin permits. The 3D seismic surveys are being acquired
Australia: Octanex Completes Tamar Seismic Survey
Octanex N.L. announces that the Tamar 3D seismic survey, located within the WA-420-P permit, has been completed. The Tamar survey is the second of three new 3D seismic surveys currently being acquired in the company’s Southern Bonaparte Basin permits. The 3D seismic surveys are being acquired within
Singapore: Drydocks Delivers AHTS to Greatship
Greatship Global Offshore Services Pte. Ltd. (GGOS) has taken delivery of GREATSHIP VIMLA, a 150T Anchor Handling Tug cum Supply Vessel, from Drydocks World-Singapore Pte. Ltd., Singapore. GIL had entered into the shipbuilding contract for the said vessel which was later novated to GGOS. Greatship V
Horizon Lines’ Vessel Saves Sailboat Passengers Adrift in Pacific Storm
Horizon Lines, Inc. the nation’s leading domestic ocean shipping and integrated logistics company, today announced that one of its vessels enroute to Hawaii from the U.S. West Coast rescued three sailboat passengers, including a nine-year-old boy, adrift in stormy seas in the predawn hours of Februa
Brazil: Petrobras Successful at Franco Area
Brazil’s Petrobras announces that drilling of the first well after the execution of the Transfer of Rights Agreement has been completed. Results confirm the extension of oil reservoirs northwest of the discovery well at the Franco area, in the Santos Basin pre-salt area. The well referred to as 3-BR
Norway: TGS Releases Fourth Quarter 2011 Results
TGS reports net revenues of USD 180.9 million in Q4 2011, compared to USD 177.6 million in Q4 2010, a 2% increase. The Company’s operational multi-client investments were USD 61.1 million, up 55% from Q4 2010. TGS’ backlog amounted to USD 210.9 million at the end of Q4, representing the highest back
UK: New Hydraulic Lifting Yoke Tested
A newly developed hydraulic lifting yoke from Danish based Fyns Kran Udstyr has been tested in the world’s largest offshore wind turbine park, London Array. The new way of handling offshore wind turbine foundations is much faster, cheaper and more secure. It no longer needs to take an hour to get re
China: Sinopacific Secures Order for Four LPG Carriers
Evergas has secured additional four orders at the Sinopacific Offshore and Engineering Shipyard where the company is already engaged with its extensive newbuilding program. The vessels will be either 12.000 cbm or 17.000 cbm liquid ethylene carriers, and will be built to the highest specifications i
USA: Baker Hughes Broadens Pipeline Inspection Services Portfolio
Baker Hughes has expanded its pipeline service portfolio to include circumferential magnetic flux leakage (MFL) inspection technology, which enables pipeline operators to identify anomalies in pipeline long seams and more effectively manage the risk associated with cracks in long seam welds and the