SBM Offshore today announced half-year results for 2011. Financial Highlights Turnover of US$ 1,461 million (US$ 1,378 million in H1 2010); EBITDA of US$ 359.7 million (EBITDA of US$ 293.5 million in H1 2010); US$ 450 million impairment charge booked in H1 2011, as already announced on 28 July 2011;
DOF today announced second quarter 2011 results. Group income for Q2 totalled NOK 1,581 million (NOK 1,521 million), with an operating result before depreciation (EBITDA) of NOK 495 million (NOK 485 million). Utilization rate for the subsea fleet in Q2 was 91%, with 92% for the supply fleet. The Gro
Grup Servicii Petroliere SA (“GSP”) today announces buying the pipelay vessel Acergy Falcon from Subsea 7. Falcon is a highly versatile DNV classed pipelay vessel, 153 meters long, capable of installing rigid pipelines up to 14 inch diameter and also flexible flowlines and umbilicals. GSP expects to
Fluor Corporation announced that it has been awarded a contract by Chevron Neftegaz–one of three project managers engaged by the Caspian Pipeline Consortium–for its recently announced expansion project. Fluor will provide project services for the marine terminal and supervisory control and data syst
CGGVeritas is confirming its commitment to the emerging deepwater node market with an order to manufacture an additional 800 Trilobit four-component (4C) ocean bottom nodes (OBN) to make a total of 1,000 units in its equipment pool. The new nodes are expected to be commercially available by early 20
Subsea 7 S.A. today announces that the UK Office of Fair Trading (OFT) has decided not to refer the merger of Subsea 7 S.A. (formerly Acergy S.A.) and Subsea 7 Inc. to the UK Competition Commission for further investigation. The OFT considers that the divestiture of a rigid pipelay vessel competing
Mr. Bernt Omdal is appointed as new head of chartering in Siem Offshore. Bernt has been the Chartering Director of the company since November 2008 and has more than 20 years of experience within the maritime industry, including chartering, operations and shipbroking. Bernt reports to the Chief Execu
Mr. Kai Solberg-Hansen has decided to resign as Chief Financial Officer (‘CFO’) from SeaBird. In agreement with the Board of Directors and the Chief Executive Officer, the resignation takes effect from today. Mr Erik Hansen has been appointed the new CFO and will replace Mr Solberg-Hansen with immed
DOF Subsea announces that it has been awarded, in joint venture with Technip, its second flexible pipelay contract by Petrobras. The second ever pipelay vessel built in Brazil, Skandi Niterói has been awarded a four and half year charter and service contract. The vessel will be used for flexible pip
NorWind Installer (NWI) provided the construction vessel “North Sea Giant” owned by North Sea Shipping when BAUER Renewables Ltd., a subsidiary of BAUER Spezialtiefbau GmbH, successfully installed a drilled-in monopile foundation structure for a tidal energy turbine at the offshore test site of the
Kongsberg Maritime announces an order of over £1 million from Fugro, the largest, world-wide integrated supplier of geoscience, survey, and geotechnical related services. Kongsberg Maritime will supply a range of its latest high resolution cameras and Mesotech scanning sonar systems as part of Fugro
The partners in the Åsgard licences have today submitted a plan for development and operation (PDO) of subsea gas compression to maintain production from the Mikkel and Midgard reservoirs. Øystein Michelsen, Statoil’s executive vice president for Development and Production Norway (DPN), presented th
Sonardyne International’s Ranger 2 USBL (Ultra-Short BaseLine) acoustic positioning technology has played a crucial role in a scientific mission to discover a new eco system on the floor of the Atlantic Ocean. The Irish led VENTuRE expedition used the Ranger 2 equipment to track the Remotely Operate
A&P TYNE is building on its success in a new business sector with the completion of yet another subsea structure for an offshore oil and gas field. The Mid Water Arch – used to support control cables as they rise from the seabed to the surface – left the ship repair and fabrication yard at […
