Business & Finance
Norway: Statoil Reports Growth in Fourth Quarter of 2011
Statoil’s fourth quarter 2011 net operating income was NOK 60.7 billion, a 42% increase compared to NOK 42.8 billion in the fourth quarter of 2010. In 2011, net operating income was NOK 211.8 billion compared to NOK 137.3 billion in 2010. “Statoil delivered record financial results, further improved
G6 Alliance Moves Launch of Asia-Europe Service Up to March
Members of the G6 Alliance announced today that their groundbreaking cooperation in Asia-Europe container shipping will begin operation in the first week of March – one month ahead of schedule. “We are eager to roll out our competitive products to benefit customers by offering a comprehensive and in
Australia: Fletcher Finucane Adds 82 mmboe to Santos’ Reserves
Santos today announced that its total proved and probable (2P) hydrocarbon reserves were 1,364 million barrels of oil equivalent (mmboe) at the end of 2011. Successful appraisal and commercialisation activity, and the sanctioning of the Fletcher Finucane project, added 82 mmboe of 2P reserves in 201
Japan: MHI Develops System to Enhance Damage Stability of Ships
Mitsubishi Heavy Industries, Ltd. (MHI) has developed a system to enhance the damage stability of ships, enabling reduction in capsizing risk, as well as a roll-on/roll-off (RO/RO) ship equipped with the new system. The company has already received an order for the newly equipped vessel from Nippon
Singapore: Hallin Marine Start 2012 with Four New Contracts
Hallin Marine, a Superior Energy Services company, reports a promising start to the year of the Dragon (2012) with four new contracts. Hallin’s West Division heads into battle in search of unexploded 1939-1945 ordnance off the German coast. A Quasar work-class remotely operated vehicle and team are
Singapore: Hallin Marine Starts Year with Four New Contracts
Hallin Marine, a Superior Energy Services company, reports a promising start to the year with four new contracts. Hallin’s West Division heads into battle in search of unexploded 1939-1945 ordnance off the German coast. A Quasar work-class remotely operated vehicle and team are being provided to sup
Australia: Crowley Maritime, PB Towage Join Forces
Crowley Maritime Corporation’s solutions group and PB Towage Ltd., part of the Pacific Basin Shipping group, have formed a business alliance that combines their respective services and regional positioning to collectively broaden their project management, marine project cargo and logistics capabilit
UK: BlueView Delivers Enhanced Underwater Vision to Fugro
BlueView Technologies, the world leader in compact acoustic imaging and measurement technology, announces the latest delivery of two (2) P900-130 2D Multibeam Imaging Sonar for Fugro Subsea Services in Aberdeen making a total of six (6) units delivered to the group over the past year. The BlueView P
Norway: EMGS Announces New Barents Sea Multi-Client 3D EM Campaign
Electromagnetic Geoservices ASA (EMGS) announces that it has secured pre-funding to start a multi-client 3D EM campaign in the Barents Sea, ahead of Norway’s 22nd exploration licensing round. Data acquisition will commence in March using the vessel Atlantic Guardian. Preliminary data deliverables wi
Vestas CFO, Henrik Nørremark Resigns (Denmark)
The Board of Directors of Vestas Wind Systems A/S has received a thorough briefing on the conditions which during the last months have led to profit warnings. The company issued its second profit warning in January, saying that cost overruns and delayed revenues had wiped out 2011 profits. As a cons
Vestas CFO, Henrik Nørremark Resigns (Denmark)
The Board of Directors of Vestas Wind Systems A/S has received a thorough briefing on the conditions which during the last months have led to profit warnings. The company issued its second profit warning in January, saying that cost overruns and delayed revenues had wiped out 2011 profits. As a cons
Hallin Marine: Promising Start to 2012 (Singapore)
Singapore-based Hallin Marine, a Superior Energy Services company, reports a promising start to 2012 with four new contracts. Hallin’s West Division heads into battle in search of unexploded 1939-1945 ordnance off the German coast. A Quasar work-class remotely operated vehicle and team are being pro
UK: London Array Announces Crew Transfer Vessel Naming Competition
London Array is announcing challenge to come up with a name for the third and final crew transfer vessel being supplied by Gardline to service the wind farm from the base at Ramsgate Port. The 17m aluminium catamaran, or Alicat – specifically designed to transfer technicians to offshore sites – is d
Chariot Completes Seismic Acquisition Offshore Namibia
Chariot Oil & Gas, an independent oil and gas exploration company,announces that it has completed the 3500km² 3D seismic acquisition programme across its Central Blocks (2312 A & B and Northern halves of 2412 A & B) offshore Namibia. The operation, carried out in conjunction with Petroleum Geo-Servi