McDermott International, Inc. , announced today that its subsea construction vessel “Agile” has been contracted by Petrobras to install subsea flexible pipelines and umbilicals in up to 2,000 meters of water offshore Brazil. The company will also provide subsea installation engineering for the durat
American Superconductor Corporation (NASDAQ: AMSC), a global power technologies company, announced today that it will release its third quarter fiscal year 2010 financial results prior to the market opening on Tuesday, February 1, 2011. In conjunction with this announcement, AMSC management will par
Aker Drilling ASA is contemplating the issue of up to NOK 1,500 million in a new senior, unsecured bond in the Norwegian bond market with maturity in February 2016. The proceeds will be used to refinance the outstanding bond issue AKD02 with ISIN NO001057171.4, repay existing subordinated loans to A
Rolls-Royce, the global power systems company, today announced an order from Singapore-based offshore company, PaxOcean, to provide the ship design, propulsion systems and deck machinery for two platform supply vessels. The order is worth over £12 million to Rolls-Royce with additional options to co
Halliburton announced today that income from continuing operations for the fourth quarter of 2010 was $625 million, or $0.68 per diluted share, compared to $485 million, or $0.53 per diluted share, in the third quarter. Net income for the fourth quarter of 2010 was $605 million, or $0.66 per diluted
LEADING figures in the North-East renewable energy sector are remaining upbeat, in spite of the announcement that Teesside had missed out on… By Andy Richardson (thenorthernecho) [mappress] Source: thenorthernecho, January 24, 2011
Remarkably, this trend precedes the February 4th summit, in which European Union leaders will meet in Hungary to discuss the continent’s… By Nicole Wong (technorati) [mappress] Source: technorati, January 24, 2011
EnCore Oil plc announces that the Catcher North appraisal well 28/9-3 in Central North Sea Block 28/9 was spudded at 08.00 hours on Monday 24 January 2011. The EnCore operated well is being drilled using the Transocean Galaxy II heavy duty jack-up rig and is being managed by Applied Drilling Technol
Key political decisions and legislation are in the cards for the wind energy industry this year. What exactly is in store and how might it impact the sector? The EU is due to publish its 2050 Roadmap to a Low-carbon Economy, which should show the benefits from a move to 30% greenhouse gas reductions
Key political decisions and legislation are in the cards for the wind energy industry this year. What exactly is in store and how might it impact the sector? The EU is due to publish its 2050 Roadmap to a Low-carbon Economy, which should show the benefits from a move to 30% greenhouse gas reductions
Leading international oilfield services company Expro announces today the introduction of a new Power Relief Valve (PRV) system which reduces the man hours and rig down-time historically associated with operating and maintaining traditional mud pump relief valves and systems. Known as the PRV MAX, t
GAC Norway has welcomed the TransAtlantic ice-breaking Anchor Handling Tug Supply (AHTS) ‘Tor Viking II’ to Hammerfest after its transit of the ice-bound North East Passage, under a new agency agreement that brings together two companies with plans for Arctic expansion. Berthing at the northern Norw
Chevron Corporation today announced that its Australian subsidiary has signed a Sales and Purchase Agreement (SPA) with Kyushu Electric Power Co. for a portion of Chevron’s offtake of liquefied natural gas (LNG) from the Gorgon Project. Under the binding agreement, Kyushu Electric will receive 0.3 m
Subsea 7 S.A. confirmed today the award of a contract valued at approximately $160 million to SapuraAcergy Sdn Bhd from PTTEP Australasia (Ashmore Cartier) Pty Ltd for the development of the Montara Development Project located in the southern Timor Sea approximately 690km West of Darwin. SapuraAcerg
