Kvaerner had operating revenues of NOK 3 004 million in the fourth quarter 2011. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 249 million, resulting in an EBITDA margin of 8.3 percent. The Board of Directors proposes a dividend of NOK 1.00 per share for 2011.
VERIPOS has recently been awarded a new three-year contract by Technip, a global project management, engineering and construction company serving the energy industry. The contract is for provision of services aboard eight of Technip’s fleet of subsea construction vessels and represents a continuatio
HiDef Aerial Surveying deployed the latest version of its digital video technology within the intertidal area of the Wash on the east coast of England. The survey provided complete coverage of the near shore cable routes for the LID/Lincs and Race Bank windfarms for Centrica Renewable Energy. Conven
SeaBird Exploration PLC announces that it has entered into certain contracts of a varying nature. Firstly, SBX has entered into contracts for multiclient data sales relating to the Perdido survey in the US Gulf and for the late sales of a survey in the Barents Sea. These two contracts represent valu
Providence Resources P.l.c., the London (AIM) and Dublin (ESM) quoted oil and gas exploration and production company, confirms the forward programme for Frontier Exploration Licence (FEL) 3/04, which contains the Dunquin exploration prospect. ExxonMobil Exploration and Production Ireland (Offshore)
The marine and tidal energy sector is to benefit from £6 million in funding to further develop testing of new wave and tidal prototypes in the seas around Scotland. Scottish Enterprise is launching a second round of the remaining competitive funding from the initial WATERS £13 million fund, launched
Total E&P Norge AS has awarded Kvaerner an EPSC-contract (Engineering, Procurement, Supply and Construction) of close to NOK 1.2 billion for delivery of a steel jacket to be located at the Hild Field offshore the Norwegian North Sea. “We are very pleased to have won our second jacket this year in to
Stork Technical Services (Stork), the leading global provider of knowledge-based asset integrity management services for the chemical, oil and gas and power sectors, has won a major £10million contract win for subsea inspection activity with a major operator, offshore West Africa. Stork announced th
A multi-national offshore technology company has chosen a leading subsea testing and training facility in Scotland to test and photograph its latest product, which was launched earlier this week. Cygnus Instruments decided to use subsea trials and training centre, The Underwater Centre, based in For
KONGSBERG reports good performance in Q4 2011, laying a sound foundation for 2012. Q4 revenues totalled MNOK 3 883. The EBITA came to MNOK 544. This results in an EBITA margin for the Group of 14.0 per cent, compared with 18.5 per cent in Q4 2010. Earnings per share (EPS) came to NOK 2.98 in [&helli
SeaBird Exploration PLC has received a Letter of Award for a major contract of 2D seismic work for the entire summer season from a major client. The contract represents a value in the range of US$ 11-13 million. The work will commence during mid-March 2012, and will be carried out using the 2D vesse
Offshore Marine Management (OMM) has announced the completion of a GIS-based data study for the first stage of Forewind’s planned Round 3 Dogger Bank offshore wind farm development. Undertaken by OMM’s Survey and Subsea department, the work utilised the company’s in-house Esri GIS facilities to unde
TenneT has entered into a partnership with Mitsubishi Corporation by agreeing to sell a 49% equity stake in two German offshore high-voltage cable projects, BorWin1 and BorWin2. Mitsubishi’s aggregate equity commitment will total EUR 240 million. This partnership represents a milestone transaction i
Providence Resources P.l.c., the London (AIM) and Dublin (ESM) quoted oil and gas exploration and production company, provides a further market update on its ongoing drilling programme in the North Celtic Sea Basin, offshore southern Ireland. The 48/24-10z Barryroe appraisal well is located in c. 10
