Business & Finance
HMC’s Balder Completes Offshore Installation Works in Angola
After a period of 15 months, Heerema Marine Contractors (HMC) completed the Block 31 PSVM campaign offshore Angola. HMC’s Deepwater Construction Vessel Balder finished the offshore installation campaign with the safe and successful lay down of the last second end FTA of the last production line. Wit
USA: SeeByte Wins Marcus Kolb Innovation Award at VIPS Conference
SeeByte, the global leader in creating smart software technology for unmanned systems, has been awarded the prestigious Marcus Kolb Innovation Award by VideoRay at their VIPS Conference in Key Largo, Florida, this week. The Innovation Award was presented to SeeByte as an acknowledgement of the compa
China: SF Shipyard Completes Sea Trials for Steamship’s New Bulk Carrier
16900DWT BC, being built for Polish Steamship Co., by SF shipyard, completed a series of inspection items during the sea trial successfully and smoothly came back to anchor at NO.2 quay at about 2:00 pm on October 20. This vessel is 148.80m in LOA, 140.80m in LPP, 23.60m in molded breath and 12.50m
ABS to Establish Korea Energy Technology Center
Leading classification society ABS is further strengthening its ties to the Korean maritime industry by establishing the ABS Korea Energy Technology Center (KETC) in Busan in early 2012. This is ABS’ first energy center and will focus on applied research to a broad range of current and future techno
PGS Reports Third Quarter Results (Norway)
Petroleum Geo-Services announces results for third quarter 2011. Highlights Q3 2011: *Revenues of $339.9 million, up 15% from Q3 10 *EBITDA of $153.2 million, up 12% from Q3 2010 *Contract revenues of $164.9 million with a corresponding contract EBIT margin of 4% *Offset by strong MultiClient revenu
USA: Exxon Mobil 3Q Earnings Up 41 pct Year-on-Year
Exxon Mobil today announced that its third quarter earnings of $10.3 billion were up 41% from the third quarter of 2010, reflecting higher crude oil and natural gas realizations and improved refining margins. Earnings for the first nine months of 2011 were $31.7 billion, up 49% over the first nine m
The Netherlands: Orange Blue Terminal Brings New Mobile Harbor Crane Into Service
The Orange Blue Terminal in Eemshaven in the Netherlands, which belongs to the Buss Group, brings a new mobile harbor crane into service on 24 October. The LHM 600, which is manufactured by Liebherr, is an important milestone in the further consolidation of the terminal as a multipurpose site. With
Sterling’s Offshore Romania Licenses to Run until May 2014
Sterling Resources Ltd. announced , in response to statements made yesterday by the Ministry of the Economy, Trade and Business Environment (MECMA) in Bucharest Romania, that the Company has reached agreement with the Government of Romania on a package of issues that will resolve the notice of dispu
USA: BP Awards EMAS AMC Contract for Subsea Work in Atlantis Field
EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry and operating brand for Ezra Holdings Limited (Ezra or the Group), announces that its subsea construction division, EMAS AMC, has been awarded a contract by BP Exploration & Pro
USA: EMAS Wins Gulf of Mexico Subsea Contract from BP
EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry and operating brand for Ezra Holdings Limited (Ezra or the Group), today announces that its subsea construction division, EMAS AMC, has been awarded a contract by BP Exploration
Norway: Fugro Wins Mareano Survey Contract from NHS
Fugro OSAE GmbH has been awarded a € 2.3 million hydrographic survey contract by the Norwegian Hydrographic Service (NHS). The survey is part of the MAREANO project and will encompass an area over 12,000km² in the Barents Sea. The area is located 200km offshore in the northern-most part of Norway, n
Fugro Takes Part in Norwegian Marenao Project
Fugro OSAE GmbH has been awarded a € 2.3 million hydrographic survey contract by the Norwegian Hydrographic Service (NHS). The survey is part of the MAREANO project and will encompass an area over 12,000km² in the Barents Sea. The area is located 200km offshore in the northern-most part of Norway, n
The Netherlands: Ballast Nedam’s Order Book Increases to EUR 1.8 Billion
Ballast Nedam has succeeded in maintaining its position under challenging market conditions. The revenue and results that it achieved were broadly in line with those for the first three quarters of 2010. The order book increased from € 1.7 billion in mid-year to € 1.8 billion. This puts Ballast Neda
Japan: MOL, Osaka Gas Ink Construction Contract for Two LNG Carriers
Mitsui O.S.K. Lines, Ltd. today announced that MOL and Osaka Gas International Transport Inc., subsidiary of Osaka Gas Co., Ltd., have agreed on a plan to co-own two newbuilding LNG carriers. The agreement also includes a contract with Mitsubishi Heavy Industries Co., Ltd. (MHI) to build the new ves