McDermott International, Inc. (“McDermott” or the “Company”) today reported a net loss of $149.4 million, or $0.63 per fully diluted share, for the quarter ended June 30, 2013. These results compared to income of $52.7 million, or $0.22 per fully diluted share, in the corresponding period of 2012. W
The Bureau of Safety and Environmental Enforcement (BSEE), U.S. Coast Guard, and Walter Oil & Gas Corporation (Walter), through the Unified Command, continue to oversee and coordinate response efforts to secure the South Timbalier 220 natural gas Well A-3. Safety of personnel and protection of the e
Wood Group PSN (WGPSN) has retained its contract with Dana Petroleum for integrated support services (ISC) in the North Sea, marking more than 14 years of continuous service as prime contractor on the Triton FPSO. The contract is for two years with the option of a one-year extension and estimated to
Yesterday Vatenfall reached another milestone – the Offshore Substation (OSS) at DanTysk is installed completely, now basking in the sun. After a construction period of around two years, the DanTysk OSS left the Hollandia Shipyard in Krimpen, The Netherlands, on the 23rd of July. The OSS was built i
World leading technology company Tracerco, part of the FTSE 100 Johnson Matthey Plc, has received a £1 million grant from the ‘Let’s Grow’ programme – part of the £30 million Regional Growth Fund (RGF). The grant will be used to build a brand new 61,000sq foot bespoke research and development facili
Eco-friendly electricity from wave energy: in a Bosch laboratory, a first demonstrator model shows how wave energy can be converted into electricity. A research network made up of four companies and two universities aims to establish sustainable power generation along the world’s coastlines. Until J
Hyperdynamics Corporation announced that Tullow Oil Guinea Ltd. has formally notified the Republic of Guinea, on behalf of the consortium that is exploring for oil offshore Guinea, of its intent to elect to extend the Second Exploration Period for an additional three years, as provided for under the
Naval Forces Southern Luzon joined the launching and deployment of coral pods into the waters off Sto Domingo, Albay on 03 August 2013. The project was conceptualized by one of the JCI members which eventually presented to the Governor of Albay, Hon. Joey Sarte Salced for approval and implementation
Svenska Petroleum Exploration Guinea Bissau AB (Svenska) has engaged AGR Well Management Limited (AGR) to plan, manage and execute their upcoming exploration campaign offshore Guinea Bissau. Global oil services provider AGR has signed a contract with Svenska to deliver Well Management services for S
This summer, MMT participated in a historical expedition together with MARIS, Ocean Discovery and Deepsea productions. Two bronze cannons, taken from the battle ship Mars, are now stored in a water bath until they are ready to be exhibited at the Västervik Museum in Sweden. The smaller cannon weighs
Chevron Corporation reported earnings of $5.4 billion ($2.77 per share – diluted) for the second quarter 2013, compared with $7.2 billion ($3.66 per share – diluted) in the 2012 second quarter. Sales and other operating revenues in the second quarter 2013 were $55 billion, compared to $60 billion in
U.S. Senators Susan Collins and Angus King today announced that the University of Maine, along with partners Maine Maritime Academy, Sandia National Laboratories, and the National Renewable Energy Laboratory, received a $983,997 grant from the National Science Foundation to design, develop, and cons
Dril-Quip, Inc. announced net income of $42.9 million, or $1.05 per diluted share for the three months ended June 30, 2013, versus net income of $29.8 million, or $0.74 per diluted share for the second quarter of 2012. Total revenues were $222.0 million during the quarter ended June 30, 2013 compare
Today Van Oord announced its intention to acquire an equity stake of 10% in the Gemini offshore wind park. Yesterday, Northland Power Inc. (NPI), the Canadian producer of sustainable energy, announced that together with Siemens Project Ventures GmbH (Siemens), HVC N.V., Typhoon Offshore B.V. and Van
