CGGVeritas announced that it has signed an agreement with PetroVietnam Technical Services Corporation (PTSC) to create a marine joint venture company. The newly established company, PTSC CGGVeritas Geophysical Survey Company Limited, is 51% owned by PTSC and 49% owned by CGGVeritas and will deliver
CGGVeritas announced that it has signed an agreement with PT Elnusa Tbk to create a marine joint venture company. The newly established company, PT Elnusa-CGGVeritas Seismic, is 51% owned by Elnusa and 49% owned by CGGVeritas and will deliver 2D and 3D marine seismic acquisition services to oil and
Tidewater Inc.announced fourth quarter net earnings for the period ended March 31, 2011, of $12.0 million, or $0.23 per share, on revenues of $254.0 million. For fiscal year ended March 31, 2011, net earnings were $105.6 million, or $2.05 per share, on revenues of $1,055.4 million. For fiscal year e
CGGVeritas has launched a new microseismic solution based on the deployment of advanced surface and shallow buried arrays to monitor hydraulic fracture stimulation. The unique CGGVeritas offering combines the expertise and tools of its reservoir services subsidiary, Hampson-Russell Software & Servic
In conjunction with carefully selected industry partners L&N have successfully designed an industry unique SubSea H.I.P.P.S. package for the Norwegian sector. Managing Director, Alastair Chalmers comments ‘Using our latest 3D AutoCad software our team have engineered a solution which not only meets,
Results for the 1st quarter 2011 Farstad Shipping achieved an operating income of NO K 801.0 million for the 1st quarter (NO K 730.5 million for the same period in 2010). The operating costs for the period were NO K 526.0 million (NO K 432.6 million). The operating profit (EBIT ) was NO K 142.8 [&he
Aker Solutions in the U.K. has strengthened its position as a global centre of excellence for the subsea sector with the appointment of a… (subseauk) [mappress] Source: subseauk, May 19, 2011
The North Carolina Department of Cultural Resources announced Wednesday that a recovery effort to retrieve a 3,000 lb. anchor from Queen Ann… (wect) [mappress] Source: wect , May 19, 2011;
Ciena® Corporation,the network specialist, today announced the appointment of industry veteran Ed McCormack as vice president and general manager of international accounts and submarine systems. In this role, he will be responsible for strategic partnerships, business development and customer suppor
General Dynamics Canada today announced the release of TrailBlazer, a high-frequency, high-resolution sonar system specifically designed for mine and obstacle avoidance (MOAS) on patrol vessels, corvettes, frigates and destroyers operating in littoral waters. TrailBlazer combines wideband transmissi
General Dynamics Canada, a pioneer in the development of underwater acoustic processing systems, today announced the creation of a new Underwater Intelligence, Surveillance and Reconnaissance (UW ISR) Centre of Excellence. The latest in a series of initiatives made to reinforce General Dynamics Cana
The UK wholesale spot gas market reacted bullishly on Wednesday to news of further North Sea gas field maintenance scheduled for the coming… (icis) [mappress] Source: icis , May 19, 2011;
MIS has received the final report on 11.3 kilometers of deep penetrating Induced Polarization geophysical survey (IP) conducted by Larder Ge… (newswire) [mappress] Source: newswire , May 19, 2011;
Dominion Petroleum announces that it has signed the Production Sharing Contract (PSC) for Block L9 in the Lamu Basin, offshore Kenya, giving the Company a 60% working interest and operatorship. The Company previously announced the award of L9 on 21st March 2011 and the PSC was signed yesterday by Do
