FoundOcean has been appointed as an exclusive agent by IEV International Limited (now a wholly-owned subsidiary of IEV Holdings Limited, a company listed on Catalist of the Singapore Exchange) to market their revolutionary Marine Growth Prevention and Control products in European waters. Until now,
BOURBON today announces that in the third quarter of 2011, the company’s revenues totaled 252.2 million euros, up 14% (+20% at constant exchange rate) over the same period in 2010, buoyed by the steady improvement in daily rates and the good performance of shallow water offshore vessels. Compared wi
Dron & Dickson, specialist in design, supply and maintenance of hazardous area electrical equipment, has reported growth in 2010/11 of more than 14.5% with turnover rising to £27.6 million from £24.1million. Pre-tax profits of just under £1million were recorded in the 12 months to the end of May, co
Severodvinsk-based Zvezdochka Shipyard has completed the construction of the jack-up drilling rig “Arkticheskaya” for LLC Gazflot, the shipb… Source: Port News [mappress] Source: Portnews, November 10, 2011
Energy experts will gather next week at the 17th SPE ICoTA European Well Intervention Conference to discuss the important role innovative technology has in the future of the North Sea. Stuart Brown, Shell’s Global Well Intervention Discipline Lead, is a keynote speaker at the event. Mr Brown has spe
Technological and operational issues which must be overcome for Norwegian petroleum operations above the Arctic Circle have now been assembled in a single document. The report on Technology and operational challenges for the high north has been commissioned by the Petroleum Safety Authority Norway
Repsol posted net income of 1.901 billion euros in the first nine months of 2011, 6.4% higher than the 1.786 billion euros reported in the year-earlier period. The group’s operating income totalled 4.102 billion euros, 1% higher than that recorded in September 2010. The company’s encouraging results
Farstad Shipping has been awarded the following charter contracts: AHTS Far Scout (2001, UT 722L, 18.700 BHP) has been contracted by Petrobras in Brasil for a 2 year firm contract. In the North Sea Peterson has exercised another 1 year option for PSV Far Splendour (2003, P 106, 3.503 DWT). Total val
Canadian Overseas Petroleum Limited has made an oil discovery at its Esperanza exploration prospect located in Block 22/15 of the UK Central North Sea. Block 22/15 is a Second Round license. The 22/15-4 well, operated by BG Group (“BG”), was drilled by the Ocean Nomad semi-submersible drilling rig t
International oilfield services company Weatherford is capturing photographs in challenging environments without the need for a ‘hot permit’. Always on the look-out for ways to improve offshore working processes, Weatherford was eager to find out more about CorDEX Instrument’s ToughPIX 2300 XP Serie
DNO International ASA is reporting net profit of NOK 299 million for the third quarter of 2011 versus a loss of NOK 146 million in the same quarter 2010. The strong result is affected by a net positive finance of NOK 301 million in this quarter. In the third quarter the Company delivered a Working [
SeaHold GEOSHIPS Ltd, specialists in marine and subsea services, has expanded its fleet of multi purpose offshore vessels. The two new vessels ‘Loch Erisort’ and ‘Loch Roag’ brings the Aberdeen-based firm’s fleet up to three, whilst also signifying a US$140 million in additional financial commitment
CGGVeritas, the world’s largest seismic surveyor of oil fields, surged to a two-month high after reporting a profit in the third quarter and… By Tara Patel (Bloomberg) [mappress] Source:Bloomberg , November 9, 2011; Image: CGGVeritas
DryShips Inc confirmed market speculation that its Ocean Rig UDW drilling unit was bidding to rent out five new drillships to Brazilian stat… Source: Reuters [mappress] Source: Reuters, November 9, 2011; Image: Ocean Rig
