Business & Finance
ROMAR to Support Shell UK’s Well Abandonment Ops
Aberdeenshire-based oilfield service company ROMAR International has announced a contract award with Shell UK. The scope of work involves ROMAR providing swarf handling equipment and personnel to recover metal cuttings during the plugging and abandonment of six wells for the UK oil major. The ROMAR
Japan: Nissho Shipping’s Vessel Receives Approval from PMA
A new vessel being built at Japanese shipyard Naikai Zosen Corporation for shipowner Nissho Shipping Co., Ltd. became the first vessel to receive approval from the Panama Maritime Authority (PMA) In accordance with part 7.3.2.2 of the IMSBC code governing carriage of cargoes which may liquefy on 17
UK: ICoTA Draws Finalists for European Chapter Innovation Award
Leading oil and gas body, the Intervention & Coiled Tubing Association (ICoTA), has announced the finalists for its prestigious European Chapter Innovation Award. Petroleum Technology Company (PTC), Oilenco, Schlumberger, BP Exploration & Production and Red Spider have been shortlisted for the covet
UK: ICoTA Announces Finalists of European Chapter Innovation Award
Leading oil and gas body, the Intervention & Coiled Tubing Association (ICoTA), has announced the finalists for its prestigious European Chapter Innovation Award. Petroleum Technology Company (PTC), Oilenco, Schlumberger, BP Exploration & Production and Red Spider have been shortlisted for the covet
The Netherlands: Dredge Yard Launches Various Dredge Pipe Pieces
Dredge Yard, provider of latest dredging technology and equipment has announced the launch of complete line of dredge pipe pieces. The dredge pipe pieces are used on board of dredgers to connect the dredge pump with the discharge pipe. Dredge Yard specialists designed the dredge pipe pieces in diffe
Carnegie Wave Energy Reports Quarter Results (Australia)
During the quarter Carnegie Wave Energy Limited received independent verification of the results of its CETO 3 deployment confirming the peak unit capacity at 203kW. This was the primary aim of the CETO 3 project and its verification brings to a close the most significant technical milestone complet
Dry Well Offshore Congo, Lundin Petroleum Says
The exploration well Mindou Marine-1, located offshore in Block Marine XI Congo (Brazzaville), has reached total depth at 3,515 metres. The well did not encounter oil shows in the target pre-salt section. The well will now be logged, and a full geological interpretation of the results will be undert
Norway: Kvaerner 3Q Revenues Drop on Low Activity Level
Kvaerner had operating revenues of NOK 2 623 million in the third quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 169 million, resulting in an EBITDA margin of 6.2 percent. The third quarter has been a solid operational quarter, with financial results i
Finland: Cargotec Secures Two Contracts for MacGregor RoRo Equipment
In October Cargotec secured two contracts worth around EUR 15 million for complete MacGregor RoRo access and transfer systems for deepsea Container/RoRo (ConRo) vessels. “Both of these contracts are for vessels that will carry general and project cargo, as well as various type of RoRo cargo, and thi
Rovuma Block Offshore Mozambique Has Upside Potential of 40 TCF of Gas
Britain’s Cove Energy PLC believes its offshore Mozambique Rovuma block it is exploring has an upside potential of 40 trillion cubic feet of… Source: Reuters [mappress] Source:Reuters , November 1, 2011;
USA: General Cable Reports Third Quarter Results
General Cable Corporation , one of the most globally diversified industrial companies, reported results for the third quarter ended September 30, 2011. Diluted earnings per share for the third quarter of 2011 were $0.07. Included in these results were $0.10 per share of non-cash convertible debt int
USA: Intertek Develops Solutions for Maritime Shipping Industry
Intertek, a leading provider of quality testing, inspection and safety services to a wide range of industries around the world, today announced the launch of its SHIPCARE Marine Services, a global program providing bunker fuel testing, inspection, ship engine and lubricant analysis, along with other
UAE: Lamprell Bags USD 200 Million Golden Eagle Construction Job
Lamprell , a leading provider of specialist engineering services to the international oil and gas and renewables industry, announced this morning that it has been awarded two new construction contracts by Nexen Petroleum U.K. Limited in relation to the Golden Eagle Development in the UK North Sea, w
Genesis Energy to Buy U.S. Gulf of Mexico Pipelines from Marathon
Genesis Energy, L.P. announced yesterday that it has entered into definitive agreements to acquire from Marathon Oil Company interests in several Gulf of Mexico crude oil pipeline systems, including its 28% interest in Poseidon Oil Pipeline Company, L.L.C., its 29% interest in Odyssey Pipeline L.L.C