Business & Finance
Kosmos Energy Announces 3Q Results. Provides Update on Operations Offshore Ghana
Kosmos Energy announced yesterday financial results for the third quarter 2011. The Company generated net income attributable to common shareholders of $52 million in the third quarter of 2011, or $0.13 per basic and diluted share. This compares to a net loss attributable to common unit holders of $
Two Firms Merge into ZF Wind Power Technology (Germany)
On 25 July 2011, the boards of ZF Friedrichshafen AG (“ZF”) and Hansen Transmissions International NV (“Hansen”) announced the terms of a recommended cash offer for the entire issued and to be issued share capital of Hansen to be made by ZF International BV, a wholly owned subsidiary of ZF. On 6 Oct
Two Firms Merge into ZF Wind Power Technology (Germany)
On 25 July 2011, the boards of ZF Friedrichshafen AG (“ZF”) and Hansen Transmissions International NV (“Hansen”) announced the terms of a recommended cash offer for the entire issued and to be issued share capital of Hansen to be made by ZF International BV, a wholly owned subsidiary of ZF. On 6 Oct
USA: Deep Down Reports Net Income in Third Quarter
Deep Down, Inc. an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, reported $606 thousand of net income for the third quarter of 2011, an improvement of $5.0 million, or greater than 800 percent, over the same period in 2010
New Zealand: Good Progress Continues in Removing Last of Oil from Rena
Good progress continues to be made in removing the last of the oil from the submerged number 5 starboard fuel oil tank on the grounded container ship Rena, Maritime New Zealand (MNZ) says. MNZ Salvage Unit Manager Arthur Jobard said salvors had maintained continuous pumping of heavy fuel oil from Re
Bermuda: Teekay Offshore Reports Strong Operation Results
Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership), yesterday reported the Partnership’s results for the quarter ended September 30, 2011. During the third quarter of 2011, the Partnership generated distributable cash flow of $52.1 mi
USA: Teledyne RDI’s Doppler Velocity Log Supports VideoRay’s ROVs
VideoRay LLC, the leading manufacturer of Inspection ROVs, and Teledyne RD Instruments, the leading manufacturer of acoustic Doppler navigation products, announce that collaborative efforts to integrate Teledyne RDI’s Doppler Velocity Log (DVL) on board VideoRay’s Pro 4 have proven successful. Throu
USA: First Oil & Gas Lease Sale since Macondo
Department of the Interior Secretary Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau yesterday announced that BOEM would hold the first oil and natural gas lease sale in the Gulf of Mexico since the Deepwater Horizon explosion and oil spill. This announcement is
China: Yuexin Shipbuilding Secures Contract for Two OS Oil Recovery Vessel
Recently, the Marketing Director of Yuexin Shipbuilding, Mr. Eric Lim ,signed a contract of two 77 m DP2 Offshore Support/ Oil Recovery Vessels. The vessel measures 77.8m in length with a molded breadth of 17.6m, a molded depth of 7.8m and the maximum draft is 6.4m. With 3600T dead weight, the vesse
Statnett Q3 Profit After Tax Down to USD 44.5 Million (Norway)
The Group reported a profit after tax of NOK 254 million in the third quarter of 2011 compared to NOK 344 million in the same period of 2010. The Group’s profit after tax for the first three quarters of 2011 was NOK 774 million. The corresponding figure for 2010 was NOK 1 630 million. The […]
SC Board Approves Water Quality Certification for Savannah Dredging (USA)
The U.S. Army Corps of Engineers Savannah District issued this statement following the meeting yesterday with the South Carolina Department of Health and Environmental Control Board of Directors: “We are pleased with the unanimous decision of the South Carolina Department of Health and Environmental
UK: BG’s CEO Joins Rolls-Royce Board
Rolls-Royce, the global power systems company, announces that Sir Frank Chapman has today joined the Board as a non-executive Director. Sir Frank is the Chief Executive of BG Group and a Fellow of the Institution of Mechanical Engineers. Sir Simon Robertson, Rolls-Royce Chairman, said: “I am delight
Germany: F.I.T. Changes Name into ‘Contargo Industriepark Frankfurt – Höchst’
A clear statement has now been made: the trimodal container terminal in Industriepark Frankfurt – Höchst, which has always been associated with the Duisburg-based Contargo Group, has documented its participation in the European network of the container logistics provider even more strongly by its re
Brazil: Airborne Wins Contract from Saipem for Deepwater Pipe
Airborne has been awarded a contract by Saipem SA for the engineering, fabrication & delivery of a 2500 meter downline for the Guara & Lula project. The 3 inch ID downline will be used at around 2200 meter water depth for the Pre-Commissioning of the Guara & Lula-NE Gasline Project. By winning this