BOURBON announces revenue up + 17% over 9 months in line with the objectives of the 2015 Leadership Strategy. Significant increase in daily rates in the quarter follows previous quarter’s upturn in utilization rates. ““In a favorable oil & gas environment. the price per barrel of Brent (113 US$ over
MMT has successfully finalized the additional work for the Mareano 2011 Barents Sea project—a hydrographic survey performed in the Arctic region located off the north coast of Norway and along the Russian border. The additional project work included bathymetric data acquisition and processing north
Falmouth Harbour Commissioners (FHC) and The Crown Estate have signed a lease to create FabTest, a new wave energy ‘nursery’ test site inFalmouth Bay on the south coast of Cornwall. The site has also been issued with a marine license by the Marine Management Organisation (MMO), which allows the moor
CGGVeritas announced its non-audited third quarter 2011 consolidated results. All comparisons are made on a year-on-year basis unless stated otherwise. Strengthening Financial Results *Group Revenue was $797 million, up 21% year-on-year and 6% sequentially. *Group Operating Income was $98 million, a
Hibernia Atlantic, the only US owned, diverse transatlantic high bandwidth connectivity provider, Huawei, a leading global information and communications technology (ICT) solutions provider, and Huawei Marine, a global submarine solutions supplier, announce today they have successfully completed the
The Nord Stream Pipeline became operational today and was hailed by political and business leaders as making a significant contribution to Europe’s long-term energy security. German Federal Chancellor Angela Merkel, Russian President Dmitry Medvedev, the Prime Ministers of France François Fillon and
Subsea equipment rental specialist Ashtead Technology announces the launch of a new Integrated Technical Services Group as a key part of its strategic growth strategy. The launch of this diversified service offering will include enhanced capabilities for bespoke systems integration, equipment mainte
The Board of Mediterranean Oil & Gas Plc , the central Mediterranean focused producer, developer and explorer of oil and gas assets, announces that it has entered into a short term secured loan with affiliates of certain of substantial shareholders, namely affiliated investment funds of Och-Ziff Cap
The submarine cable for telecommunications, which will connect the country with South Africa, England and other regions of the world, provid… (tmcnet) [mappress] Source: tmcnet ,November 08 , 2011
On November 7th, the N-Sea Group BV and Subcom BV have signed a Letter of Intent in relation to the acquisition of Subcom BV by the N-Sea Group BV. Both parties seek to complete this mutually beneficial transaction by the end of this week. As of January 2012 Subcom BV will be integrated into the [&h
GO plc said that a specialised ship is to repair a submarine cable between Malta and Sicily which was damaged – slowing down Internet servic… (timesofmalta) [mappress] Source: Times of Malta, November 07 , 2011
Melrose Resources plc , the oil and gas exploration, development and production company, provided an update on its operations in Bulgaria, Romania and Egypt. Bulgaria The Company has commenced the acquisition of the planned 3D seismic survey on the Galata exploration block in the Western Black Sea.
Following its manufacture and testing in Leith, ScottishPower Renewables’ new P2 Pelamis wave power device set sail for the European Marine Energy Centre in Orkney on Sunday 6th November. It will undergo further trials as part of a unique cross-industry collaboration project with a similar device ma
BMT Isis, a subsidiary of BMT Group Ltd, the international design, engineering and risk management consultancy, has been awarded the contract to develop and sustain the Safety and Environmental Case Report (SECR) and to provide safety and environmental management support for HMS PROTECTOR. The vesse
