Business & Finance
Hallin Marine in Indonesian IRM Project
Hallin Marine, a Superior Energy Services company, announces the commencement of a new inspection, repair and maintenance project offshore North West Java, Indonesia. “This is a contract from one of the region’s largest energy companies,” comments Rik Zwinkels, Managing Director of Hallin’s Singapor
Norway: GC Rieber’s Fleet Fully Chartered
After the end of the third quarter, contracts have been completed for all vessels in GC Rieber Shipping’s portfolio. Order backlog has been increased by half a billion, compared with the previous quarterly reporting. – This gives us an excellent starting point for the future in a turbulent period, s
ION Reports Results for Third Quarter 2011 (USA)
ION Geophysical Corporation reported third quarter 2011 revenues of $115.7 million, compared to revenues of $121.6 million in the third quarter of 2010. Net income in the third quarter of 2011 was $8.7 million, or $0.06 per diluted share, compared to $11.9 million, or $0.08 per diluted share, in the
Norway: GC Rieber Shipping Completes Contracts for All Vessels
After the end of the third quarter, contracts have been completed for all vessels in GC Rieber Shipping’s portfolio. Order backlog has been increased by half a billion, compared with the previous quarterly reporting. – This gives us an excellent starting point for the future in a turbulent period, s
Russia: Sevmash to Build Transit Airfield for Prirazlomnoye Field
Russian defense-oriented shipyard Sevmash will construct floating transit airfield in Arctic for oilers developing the Prirazlomnoye field on the shelf of Pechora Sea, reported the shipyard’s press service on Nov 1. According to Sevmash’s deputy director general Mikhail Budnichenko, the shipyard alo
Dundee Waterfront Project Secures GBP 300 Million of Investment (UK)
Dundee’s waterfront project has secured £300m of investment, it has announced. The money – a third of the £1bn target needed to transform… (bbc) [mappress] Source: bbc, November 03, 2011
Swiss-Based Transocean Records 3Q Net Loss of USD 71 Million. Shares Fall 7 pct
Transocean Ltd , the largest offshore drilling contractor, reported on Wednesday an unexpected quarterly loss on a rise in shipyard costs, knocking another 7 percent off its battered shares. It has now failed to meet Wall Street’s expectations for the past six quarters, since the Gulf of Mexico well
Indonesia: PGS Wins 3D Marine Seismic Survey Contract Offshore North Sumatra
MEO Australia Limited announces that it’s wholly owned subsidiary Transworld Seruway Exploration Limited (TSEL) has executed a contract with PT PGS Nusantara (PGS) for the acquisition of a 705 km2 3D marine seismic survey in the Seruway PSC, offshore North Sumatra (TSEL participating interest 100%).
Singapore: ST Marine Completes Construction of Heavy Lift Hovercraft
Hovertrans Solutions Pte. Ltd. announced that it has successfully completed the construction of a modular heavy lift hovercraft, the first of its kind to be built in Singapore. The hovercraft, commonly referred to as a hoverbarge, is now ready for charter. It is ideal for industries such as oil and
Denmark: Lille John Delivers Oil to PA Resources
The oil and gas group PA Resources has now completed its sidetrack of the Lille John well to a Chalk target but did not encounter effective reservoir. The sidetrack provided a second penetration of the Miocene sandstone level encountered in the original well, again oil-bearing and with improved rese
Norway: Aker Solutions Announces Third Quarter Results
Aker Solutions’ operating revenues in the third quarter of 2011 were NOK 8.56 billion. Earnings before interest, tax, depreciation and amortisation amounted to NOK 322 million. Order intake in the quarter was NOK 8 billion. “Our subsea challenges in Brazil are well known. We are working on a number
PGS to Start Seismic Acquisition Offshore North Sumatra, Indonesia
MEO Australia Limited announced that it’s wholly owned subsidiary Transworld Seruway Exploration Limited – “TSEL” has executed a contract with PT PGS Nusantara “PGS” for the acquisition of a 705 km 2 3D marine seismic survey in the Seruway PSC, offshore North Sumatra (TSEL participating interest 100
UK: Customer Demand for Offshore Rigs Continues to Strengthen, Ensco CEO Says
Ensco plc reported diluted earnings per share from continuing operations of $0.88 for third quarter 2011, compared to $0.92 per share in third quarter 2010. There were no discontinued operations in third quarter 2011. Losses from discontinued operations in third quarter 2010 were $0.01 per share rel
Canada: James McFarlane Receives Lifetime Achievement Award for 2011
Dr. James R. McFarlane, founder and president of International Submarine Engineering Ltd received the Diver Certification Board of Canada’s Lifetime Achievement Award for 2011 for his significant contributions to the underwater industry. The award was presented to Dr. McFarlane by Mr. Jonathan Chapp