Deep Sea Supply reports consolidated revenues of MUSD 24.0 in 1Q 2011 compared to MUSD 26.1 in 1Q 2010. Total operating costs in 1Q 2011 were MUSD 21.9 compared to MUSD 17.4 in 1Q 2010. This resulted in EBITDA of MUSD 2.0 in 1Q 2011. Net financial items were negative MUSD 9.4, including unrealized c
Jee, a pipeline, riser and subsea engineering and training company for the oil, gas and renewables industries, announces that industry specialist Jonathan Lindsay joined its management team on 1 May 2011. Jonathan will head up the Aberdeen office and be responsible for operations and performance. Jo
Commenting on the first quarter results, Christian Lefèvre, Chief Executive Officer of BOURBON, said: ““As anticipated at the end of 2010, the market recovery is contributing to pushing vessel utilization rates up to 83.1% whilst daily rates are slightly higher than those in the fourth quarter of 20
THE impact that tidal energy generation could have on Pembrokeshire’s marine environment is to be studied by scientists. by Rachael Misstear (walesonline) [mappress] Source: walesonline, May 11, 2011
Emerson Process Management has launched the latest version of its production management system, Roxar Fieldwatch 2.3. The new version incorporates a wide range of Emerson’s reservoir monitoring instrumentation, providing operators with a more complete picture of the reservoir and of production activ
Subsea 7 S.A. (formerly Acergy S.A.) announced results for the first quarter 2011 which ended on March 31, 2011. The combination between Acergy S.A. and Subsea 7 Inc. completed on January 7, 2011. Upon completion, Acergy S.A. was renamed Subsea 7 S.A. As a result of the combination and the change in
A collaborative R&D project between the Carbon Trust and eight leading international offshore wind farm developers is inviting ideas which… (seawork) [mappress] Source: seawork, May 11, 2011;
The growth in revenue that commenced in the second half of 2010 continued, as expected, in the first months of 2011. This was despite somewhat lower utilisation of the vessel fleet due to such factors as a higher number of planned dry dockings for regular maintenance and the unexpected cancellation
Hydroid, Inc., a subsidiary of Kongsberg Maritime, the leading manufacturer of Autonomous Underwater Vehicles, announced that its REMUS 100 AUV aided in the discovery of the World War I German submarine U-106, which had been missing since October 1917. The Royal Netherlands Navy (RNLN), which used t
Leading international oilfield services company Expro has once again received an award from the Royal Society for the Prevention of Accidents in recognition of its safety record. Expro has been commended in the Oil & Gas Industry Sector of the annual 2011 RoSPA safety awards; making it the seventh y
* The Company has set up an Offshore Business Division in Scotland to manage the development of its significant offshore wind project pipeline, estimated at close to 12,000 megawatts around the world IBERDROLA has always endeavoured to lead the way in innovation, spearheading the development of envi
Hydratight has gained the “Verify” supplier standard set by First Point Assessment Limited (FPAL). The FPAL rating is a first-stop competency mark which proves to potential customers that Hydratight has achieved identifiable standards in its industry, obviating the need for potential customers to un
On Monday the 3rd of May the doors opened for GeoHab 2011 which was held in Espoo in the Helsinki metropolitan area. MMT attended as Silver Sponsors at the three-day conference and gave an oral presentation. Duncan Mallace, Managing Director at NetSurvey Ltd and IVS 3D(UK) did also attend as a Silve
“There are two fundamental drivers behind the decision to collaborate,” says Kjell Eriksson, Director of the Energy Programme in DNV Research and Innovation, “The electrification of both conventional and subsea oil and gas installations, and the growth in offshore wind energy. Both drivers will requ
