In accordance with announcement made on March 25, 2011, and in relation to the listing of Sevan Drilling ASA, Mr. Jan Erik Tveteraas will retire from the position as CEO of Sevan Marine ASA to take on the position as CEO of Sevan Drilling ASA. Mr. Tveteraas was a founding shareholder of Sevan Marine
KBR announced that first quarter 2011 net income attributable to KBR was $105 million, or $0.69 per diluted share, compared to net income attributable to KBR of $46 million, or $0.29 per diluted share, in the first quarter of 2010. Consolidated revenue in the first quarter was $2.3 billion compared
Hercules Offshore, Inc. and Seahawk Drilling, Inc. announced today the completion of the asset purchase and sale previously disclosed on February 11, 2011. In accordance with the terms of the Asset Purchase Agreement, Hercules Offshore will acquire 20 jackup rigs located in the U.S. Gulf of Mexico a
Royal Dutch Shell’s first quarter 2011 earnings, on a current cost of supplies (CCS) basis , were $6.9 billion compared with $4.9 billion a year ago. Basic CCS earnings per share increased by 40% versus the same quarter a year ago. Cash flow from operating activities for the first quarter 2011 was $
Trelleborg will showcase its vast product portfolio for the offshore industry at this year’s Offshore Technology Conference May 2-5 in Houston. The oil and gas industry is a key focus for Trelleborg . The Sealing Solutions,Offshore and Industrial Hose businesses will demonstrate a number of new tech
Oceaneering International, Inc reported first quarter earnings for the period ended March 31, 2011. On revenue of $470.4 million, Oceaneering generated net income of $42.1 million, or $0.77 per share. During the corresponding period in 2010, Oceaneering reported revenue of $435.2 million and net inc
Polarcus Limited has received a Letter of Intent for a 3D offshore seismic acquisition project for an undisclosed client. The project, subject to the execution of a service contract, will commence in Q2 2011 and is expected to run for approximately 100 days. As a result of this announcement the Comp
The Norwegian Petroleum Directorate (NPD) will carry out acquisition of 2D seismic data in the waters around Jan Mayen this summer. The acquisition activity will start around 10 June and will last up to three months. Last fall, the Norwegian government resolved that an impact assessment would be mad
Enviro Voraxial Technology, Inc. announced today that the Company will display and demonstrate its Voraxial® Separators at the Offshore Technology Conference (OTC 2011) on May 2 – May 5 in Houston, Texas at Booth #7618. OTC is the world’s foremost event for the development of offshore energy resourc
OceanWorks International welcomes Robert Keith to its team in the position of General Manager. Acting as General Manager, Robert’s primary function will be to promote the company’s deepwater engineering, fabrication, and operational capabilities. Robert has worked in the offshore underwater services
Marine and engineering company SeaRoc, part of the Natural Power group, has today announced the successful appointment of four new team members who bring with them a wealth of industry experience from the Renewables Industry, combined with wider knowledge from the oil & gas and other offshore sector
Aberdeen-based SeaHold GeoShips Limited (GeoShips) has chartered its first new multi-purpose offshore vessel to support the growing offshore renewable energy market and the subsea sector. To enable GeoShips to offer a full suite of services from the Stril Explorer, and future vessels, the company ha
Baker Hughes Incorporated today announced net income attributable to Baker Hughes for the first quarter 2011 of $381 million or $0.87 per diluted share compared to $129 million or $0.41 per diluted share for the first quarter 2010 and $335 million or $0.77 per diluted share for the fourth quarter 20
The 2010 study of trends in risk level in the Norwegian petroleum activity (RNNP) shows a sharp rise in well control incidents and gas leaks back at a high level. Magne Ognedal, director-general of the Petroleum Safety Authority Norway (PSA)(photo), describes this as a matter of concern. The Norwegi
