Yesterday Dhiraagu announced that the submarine cable repair ship ASEAN Explorer reached the cable damage point approximately 26km off Sri Lanka and that the engineers have started the repair work. Engineers from SLT and Dhiraagu are also on board the repair ship. The ship has located the damaged pa
Recently BGP signed a contract for a Multi Client 2D & 3D offshore seismic survey with the Office of National Mines and Strategic Industries of Madagascar (“OMNIS”). With this Contract, BGP will acquire, process, market and license the seismic as well as gravity & magnetic data in Morondava basin of
Forum Energy Technologies, Inc. reported first quarter 2012 revenue of $363.5 million, up 79 percent over first quarter 2011 revenue of $203.1 million. Net income for the first quarter 2012 was $42.5 million, compared to first quarter 2011 net income of $12.4 million. Diluted earnings per share for
Polarcus Limited announces the release of its first quarter 2012 financial statements. The first quarter 2012 was characterized by a continuation of the soft market conditions evidenced in the fourth quarter 2011. This was reflected in the low utilization of 76%. Revenues doubled over the same quart
The Naval Sea System Command’s Supervisor of Salvage and Diving (SUPSALV) and Surface Maintenance Engineering Planning Program (SURFMEPP) recently implemented a new process that will help to streamline the recording and brokering of work orders for damage found by divers during Navy ship hull inspec
Superior Energy Services, Inc. announced net income from continuing operations of $70.2 million, or $0.55 per diluted share, and net income of $53.9 million, or $0.42 per diluted share, on revenue of $966.8 million for the first quarter of 2012. The Company completed its acquisition of Complete Prod
Further significant steps have been taken this week towards stopping the Elgin gas leak, including the installation of a key piece of equipment on the G4 well to divert leaking gas away from the wellhead platform. Known as a diverter, this specially manufactured device has been connected to the G4 w
Premier announces that it has received approval of its Field Development Plan (FDP) for the Solan field (Premier 60 per cent, Chrysaor 40 per cent) from the Department of Energy and Climate Change. The Premier-operated Solan field, located on the UK Continental Shelf West of Shetland, is expected to
Cameron reported net income of $134.0 million, or $0.54 per diluted share, for the quarter ended March 31, 2012, compared with net income of $109.5 million, or $0.43 per diluted share, for the first quarter of 2011. The first quarter 2011 results included after-tax charges of $7.0 million, or $0.03
China Oilfield Services Limited, announced its unaudited results for the three months ended 31 March 2012. During the first quarter of 2012, the Group actively consolidated its presences in existing markets and continuously explored new domestic and overseas markets. Revenue for the first quarter of
E.ON has announced that Balfour Beatty Utility Solutions (BBUS) has been awarded the contract to install the cable on its Humber Gateway offshore wind farm. The contract, worth circa £19 million, will involve the design and installation of a 30km section of underground 132kV cable which will be used
Viper Subsea has signed a new collaboration agreement with Perth based Velocious. The agreement enables both companies, each of whom are already globally recognised as providers of high quality subsea solutions, to expand their offerings to overseas markets and collaborate on product supply and proj
Technip announces that its Board of Directors approved the unaudited first quarter 2012 consolidated accounts on Apr. 24. Thierry Pilenko, Chairman and CEO, commented: “Our first quarter performance was very much in line with our expectations, which enables us to reiterate our 2012 financial objecti
Oceaneering International, Inc. reported record first quarter earnings for the period ended March 31, 2012. On revenue of $594.9 million, Oceaneering generated net income of $51.5 million, or $0.47 per share. During the corresponding period in 2011, Oceaneering reported revenue of $470.4 million and
