News
France: Technip Untouched by Global Economic Crysis
French oil services group Technip shrugged off global economic uncertainty on Thursday as it unveiled forecast-beating quarterly results and… By Marie Maitre (Reuters) [mappress] Source:Reuters , October 27, 2011
South Korea: STX Could Sell 51 pct Stake in STX OSV for USD 441.6 Million
South Korea’s STX Group is considering selling a 51 percent stake its European unit holds in STX OSV Holdings Ltd , a Singapore-listed offsh… By Ju-min Park and Hyunjoo Jin (Reuters) [mappress] Source: Reuters, October 27, 2011;
Russia: JSC Vympel Shipyard Inks Contracts for Fast-Speed Boats
JSC Vympel Shipbuilding Plant (Rybinsk, Russia) raises production of Project 12150 Mangust fast-speed boats. The shipyard has signed contracts for 12 boats to be built in 2012, said the yard’s deputy director general for marketing Dmitry Belyakov at 15th international exhibition Interpolitekh-2011 b
UK Gas Climbs
UK gas prices rose on Thursday morning as spot prices were boosted by a shortage of supply while forward prices were lifted by the European… (reuters) [mappress] Source: reuters, October 27, 2011;
Latvia: Economy Minister Optimistic About Convincing Baltic Neighbors to Build LNG Terminal
Latvia’s new Economy Minister Daniels Pavluts is optimistic about the possibility of convincing Latvia’s Baltic neighbors on constructing… (baltic-course) [mappress] Source: baltic-course, October 27, 2011;
Nord Stream Inks Phase I Repricing Arrangements (Switzerland)
Nord Stream today confirmed it has agreed repricing arrangements with its relationship banks for the 3.9 billion euro Phase I project finance facilities. Nord Stream undertook this exercise in order to bring Phase I pricing into line with the pricing it achieved for the 2.5 billion euros raised for
Norway: Statoil Q3 Net Income Soars
Statoil’s third quarter 2011 net operating income was NOK 39.3 billion, a 39% increase compared to NOK 28.2 billion in the third quarter of 2010. “Statoil delivered strong financial results in the third quarter of 2011, reflecting operational performance in line with expectations and strong oil and
Siem Offshore Reports 3Q Results (Norway)
The operating revenues for the third quarter were USD 93.4 million (2010: USD S8.0 million).The operating margin was USD 3S.7 million (2010: USD 19.S million) and the operating margin as a percentage of revenues was 38% (2010:34%). Operating profit was USD 12.6 million (2010:14.8 million) and includ
Seajacks to Open New Office in Great Yarmouth (UK)
The managing director of offshore marine firm Seajacks said he was positioning himself for big offshore wind contracts in the North Sea as h… By Annabelle Dickson (edp24) [mappress] Source: edp24, October 27, 2011
France: GDF Suez Posts Revenues of EUR 65.4 Billion
GDF Suez today announced results for the quarter ended September 30, 2011. Revenues at September 30, 2011 were EUR 65.4 billion with a +8.9% gross increase and +3.3% organic growth that confirm the robust performance of the first half-year, thanks to the Group’s international development, good resul
The Netherlands: Shell Q3 LNG Sales Reach 4.76 Million Tonnes
Royal Dutch Shell plc today released its third quarter results. Key features of the Third quarter 2011 Third quarter 2011 CCS earnings were $7,246 million, 106% higher than in the same quarter a year ago. Third quarter 2011 CCS earnings, excluding identified items, were $7,001 million compared with
France: GDF Suez, Total Consider GTT Stake Sale
GDF Suez SA, French oil company Total SA and U.S. buy-out fund Hellman & Friedman are considering selling their stakes in Gaztransport… (foxbusiness) [mappress] Source: foxbusiness, October 27, 2011;
Wind Wave Workboats Orders South Boats’ 17m Vigilante Catamaran (UK)
South Boats Special Projects Ltd. and Wind Wave Workboats Ltd. announce the two companies have signed a contract for the construction for the ‘Freddie S’, a first of class South Boats 17m Vigilante catamaran. The vessel will be built at South Boats’ new facility in Cowes and will be delivered in Aug
Lithuania: Klaipedos Nafta Receives Three Bids for LNG FSRU
Lithuanian majority state-owned oil terminal Klaipedos Nafta has received three proposals to supply it with an offshore liquefied natural ga… (Reuters) [mappress] Source: Reuters, October 27, 2011