Anti-terror exercise took place at Caspian Flotilla (CF) naval base Astrakhan. About 200 servicemen were involved in the exercise, as well as 15 ships and boats. According to scenario, patrolmen found concealed cases with explosives and diving outfit on the bank of the Volga River. Officer on duty a
Aker Solutions is establishing an office in Ålesund, Norway, to connect with the engineering competence in the region and thereby facilitate further growth for the oil services company. The Ålesund region and its marine industry is renowned for highly skilled and competent engineers. The new office
Statoil and Rosneft signed a cooperation agreement. The companies have agreed to jointly explore offshore frontier areas of Russia and Norway and to conduct joint technical studies on two onshore Russian assets. The agreement also envisages Rosneft’s acquisition of participating interests in selecte
When all four propeller blades of a 100-meter general cargo vessel were severely bent, a repair was required by the classification society. Hydrex therefore performed a detailed video inspection, followed by a repair while the vessel was berthed in Ghent, Belgium. To make a full assessment of the da
SeaBird has announced solid financial performance in the first quarter of 2012. HIGHLIGHTS – While still a challenging market environment, the first quarter showed signs of improving customer demand. Fleet utilization increased from 60% in the fourth quarter of last year to 65% for the first quarter
STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, announces that it is strengthening its technology and engineering competence through two separate transactions. Seaonics AS (“Seaonics”), a subsidiary of STX OSV, is in the p
Kongsberg Gruppen (KONGSBERG) reported a solid first quarter in 2012. Q1 operating revenues came to MNOK 3 836, and the EBITA totalled MNOK 482. This resulted in an EBITA margin for the Group of 12.6 per cent, compared with 13.8 per cent in Q1 2011. Earnings per share (EPS) came to NOK 2.66 in Q1 [&
As work progresses on the installation of the new Teesside Offshore Windfarm, special measures are being taken to ensure the protection of marine mammals and other wildlife. The wind farm being established by EDF Energy Renewables is located 1.5km off the north east coast at South Gare, Redcar. Work
TGS reports net revenues of USD 191 million in Q1 2012, compared to USD 132 million in Q1 2011, a 45% increase. This is the highest quarterly revenue figure in the Company’s history. Investments were USD 101 million, up 132%. TGS’ backlog amounted to USD 242 million at the end of Q1 2012, representi
Last month Hydrex mobilized a diver/technician team to a 145-meter general cargo vessel in Las Palmas, Spain when oil was leaking from the stern tube seal assembly of the ship. The team used the Hydrex flexible mobock technique to create a dry working environment around the assembly and replaced thr
Ocean Installer announces contract award from ExxonMobil Exploration & Production Norway AS (EEPNAS) for survey and intervention work at the Balder field. The work awarded from EEPNAS for the Balder field is inspection and maintenance of the subsea control system. The work is planned to be performed
Brastec Technologies S.A, a Brazilian-based engineering and equipment producer for flexible pipe and cable manufacturing, is acquiring 100% of the Dutch company SAS, a leading provider of high quality equipment for the offshore market. The acquisition is complementary in product scope, services, eng
The Port of Tyne has a world class reputation for managing bulk and conventional cargo, and is rapidly gaining experience with project cargo. Project cargo broadly describes the shipment of large, heavy, high value pieces of equipment. ‘Seven Oceans’ is an unusual sight on the River Tyne. The vessel
JDR Cables, the leading provider of specialist high performance subsea cables and umbilical systems for the offshore oil, gas and renewables market, announces that it has completed investment of £30 million in its Hartlepool plant, bringing the company into a new phase of growth. The substantial inv
