DOF today announced second quarter 2011 results. Group income for Q2 totalled NOK 1,581 million (NOK 1,521 million), with an operating result before depreciation (EBITDA) of NOK 495 million (NOK 485 million). Utilization rate for the subsea fleet in Q2 was 91%, with 92% for the supply fleet. The Gro
SBM Offshore today announced half-year results for 2011. Financial Highlights Turnover of US$ 1,461 million (US$ 1,378 million in H1 2010); EBITDA of US$ 359.7 million (EBITDA of US$ 293.5 million in H1 2010); US$ 450 million impairment charge booked in H1 2011, as already announced on 28 July 2011;
Transocean Ltd. announced today the following management appointments, effective immediately. Ricardo H. Rosa has been named Executive Vice President and Chief Financial Officer. Prior to being named to his current position, Mr. Rosa served as Senior Vice President and CFO. Arnaud A.Y. Bobillier has
Pacific Drilling S.A. announced today that its ultra-deepwater drillship the Pacific Mistral has been awarded a three-year contract by Petróleo Brasileiro S.A. (Petrobras) for operations in Brazil. The contract is expected to commence in the fourth quarter of 2011, and estimated maximum contract rev
TROMS CAPELLA has arrived to Norway after a successful transit from GOA and is being prepared for new missions in the North Sea. Troms Offshore Management AS received their latest vessel from the shipyard in Cochin, India. The ship, a platform supply vessel (PSV),will this autumn start operating in
Grup Servicii Petroliere SA (“GSP”) today announces buying the pipelay vessel Acergy Falcon from Subsea 7. Falcon is a highly versatile DNV classed pipelay vessel, 153 meters long, capable of installing rigid pipelines up to 14 inch diameter and also flexible flowlines and umbilicals. GSP expects to
CGGVeritas is confirming its commitment to the emerging deepwater node market with an order to manufacture an additional 800 Trilobit four-component (4C) ocean bottom nodes (OBN) to make a total of 1,000 units in its equipment pool. The new nodes are expected to be commercially available by early 20
Miclyn Express Offshore announced the purchase of three new Offshore Support Vessels. A Seismic Support Vessel has been purchased against a 3 year firm contract in Indonesia commencing in August 2011 and including 5 x 1 year extension options. Two newly built Multi Purpose Offshore Terminal Tugs wil
DOF Subsea Asia Pacific, a subsidiary of DOF ASA has secured multiple contracts awards in Asia and Australia over the last couple of weeks with a total contract value of about USD 47 million. The new build DSV Skandi Singapore and the CSV Skandi Hercules will be employed under these contracts. Steve
Roc Oil Company, a wholly owned subsidiary of ROC, has agreed to farm down its interest in Block H, offshore Equatorial Guinea, to White Rose Energy Ventures Limited, a portfolio company of First Reserve Corporation, from 37.5% to 20.0% for a free carry through the drilling of an exploration well. R
Petrobras has put semi-submersible platform P-56 into operation in the Campos Basin’s Marlim Sul field, (state of Rio de Janeiro). The unit went into production from well 7-MLS-163HPRJS, which can produce up to 16,000 barrels per day. Installed at a water depth of 1,670 meters, the new platform was
Mr. Kai Solberg-Hansen has decided to resign as Chief Financial Officer (CFO) from SeaBird. In agreement with the Board of Directors and the Chief Executive Officer, the resignation takes effect from today. Mr Erik Hansen has been appointed the new CFO and will replace Mr Solberg-Hansen with immedia
DOF Subsea announces that it has been awarded, in joint venture with Technip, its second flexible pipelay contract by Petrobras. The second ever pipelay vessel built in Brazil, Skandi Niterói has been awarded a four and half year charter and service contract. The vessel will be used for flexible pip
Coastal Energy Company, an independent exploration and production company with assets in Thailand, announces the financial results for the three and six months ended June 30, 2011. The functional and reporting currency of the Company is the United States dollar. Second Quarter 2011 Highlights: Total
