Leading specialist subsea services group Acteon has appointed Lester Clark as vice president. Lester has more than 20 years of industry experience and joins Acteon from Baker Hughes, where he was director for drilling systems in the Russia Caspian region. This involved leading a multidisciplinary te
Superior Energy Services, Inc. announced net income from continuing operations of $70.2 million, or $0.55 per diluted share, and net income of $53.9 million, or $0.42 per diluted share, on revenue of $966.8 million for the first quarter of 2012. The Company completed its acquisition of Complete Prod
SeaHold GEOSHIPS Ltd, a marine and subsea services shipping company, held an open day on board the newest addition to its vessel fleet. Formed in 2003, the Aberdeen-based company took delivery of Loch Roag, its second multi purpose support vessel (MPSV), earlier this month on a contract valued at ov
Central Maine Power, Bangor Hydro Electric Co. and Maine Public Service Co. will negotiate a 20-year contract with Ocean Renewable to put tide-generated electricity onto the grid this summer, reported Associated Press. The Maine Public Utilities Commission created a contract term sheet for the proje
Further significant steps have been taken this week towards stopping the Elgin gas leak, including the installation of a key piece of equipment on the G4 well to divert leaking gas away from the wellhead platform. Known as a diverter, this specially manufactured device has been connected to the G4 w
Premier announces that it has received approval of its Field Development Plan (FDP) for the Solan field (Premier 60 per cent, Chrysaor 40 per cent) from the Department of Energy and Climate Change. The Premier-operated Solan field, located on the UK Continental Shelf West of Shetland, is expected to
Cameron reported net income of $134.0 million, or $0.54 per diluted share, for the quarter ended March 31, 2012, compared with net income of $109.5 million, or $0.43 per diluted share, for the first quarter of 2011. The first quarter 2011 results included after-tax charges of $7.0 million, or $0.03
The Technology Strategy Board is to invest up to £1 million in feasibility studies, to be led by SMEs, which will stimulate innovation in the oil and gas sector and accelerate the development and deployment of new technologies. Proposals for the studies should focus on the areas of increasing oil an
Dr Peter Heffernan CEO, Marine Institute, and Prof Ian Wright, Deputy Director, Science and Technology, National Oceanography Centre (UK) signed a Memorandum of Understanding (MoU) in the presence of the Minister for Agriculture, Food and the Marine, Simon Coveney, TD, to foster closer co-operation
China Oilfield Services Limited, announced its unaudited results for the three months ended 31 March 2012. During the first quarter of 2012, the Group actively consolidated its presences in existing markets and continuously explored new domestic and overseas markets. Revenue for the first quarter of
E.ON has announced that Balfour Beatty Utility Solutions (BBUS) has been awarded the contract to install the cable on its Humber Gateway offshore wind farm. The contract, worth circa £19 million, will involve the design and installation of a 30km section of underground 132kV cable which will be used
HMNZS RESOLUTION, the RNZN’s principal hydrographic survey vessel will decommission from service at a formal ceremony in the Devonport Naval Base on Friday 27 April 2012. Media are invited to the event which will be attended by the Chief of Navy and other senior military dignitaries. During the cere
UTEC has completed factory acceptance tests and has taken delivery of an additional Teledyne Gavia AUV (#27) to expand their AUV fleet. UTEC’s fleet of 1000m-rated AUV systems are licensed for use in 67 countries from UTEC’s Houston base. “UTEC is committed to investing in the best equipment and the
One of world’s leading suppliers of through-water and through-ground wireless technology for communication, navigation and power transfer, WFS Technologies will be exhibiting next week at OTC 2012 in Houston on the Scottish Pavilion, booth 2075/7. WFS invites attendees to their booth where they will
