The Marine Well Containment Company announced the completion and availability of an initial well containment response system that will provide rapid containment response capabilities in the event of a potential future underwater well control incident in the deepwater Gulf of Mexico. The initial resp
Husky Energy has issued further details of a Heads of Agreement signed with CNOOC in December… [mappress] Source: offshore ,February 17, 2011; Image: oceaneering
Viper Subsea welcomes Steven Harper who has joined the team in Aberdeen Office as Senior Project Engineer. Steve comes to Viper with 12 years of Oil & Gas experience obtained with both subsea controls vendors and oil field operating companies. Steve wishes to assist the expansion of Viper Subsea and
Highlights 2010 *Delivered strong performance through the cycle with full year EBITDA of $463.3 million *Full year Marine contract EBIT margin of 17% with improving GeoStreamer® momentum *Strong MultiClient sales with improved sales to investment ratio *Improved Q4 2010 revenues, EBITDA and EBIT com
Viper Subsea, the Bristol based developer of class leading controls and distribution solutions and supplier of expert consultancy for the subsea oil and gas industries, is celebrating today after winning The New Enterprise Award at the prestigious Subsea UK Business Awards 2011. The awards, now in t
Oceaneering International, Inc. reported fourth quarter and record annual earnings for the periods ended December 31, 2010. For the fourth quarter of 2010, on revenue of $501.3 million, Oceaneering generated net income of $47.8 million, or $0.88 per share. During the corresponding period in 2009, Oc
Seven Havila is owned by JV Havila Shipping and Subsea 7 and won the award in one of the most important offshore conferences in the world. The winner Seven Havila got most votes in a worldwide poll in competition with three other nominated offshore vessels. The vessel is a Havyard 858 DSV design, is
Aker Solutions’ operating revenues in the fourth quarter of 2010 were NOK 15 billion and earnings before interest tax depreciation and amortisation (EBITDA) was NOK 1 191 million. The preliminary results for full year 2010 show revenues of NOK 50.8 billion and EBITDA of NOK 4.3 billion. All of the a
The construction of transmission infrastructure linking the Western Balkans to Italy is prompting a number of Italian companies to venture… [mappress] Source: corporatefinancingweek ,February 17, 2011;
FULL YEAR 2010 RESULTS • Revenue of €6.082 million, of which €2,732 million in Subsea • Group operating margin of 10.2% • Net Income of €418 million • Total Net cash of €1,332 million • Backlog of €9.228 million, underpinned by order intake of €2.473 million during fourth quarter 2010 • Recommendati
LLOG Exploration Company, L.L.C. (and affiliate, LLOG Exploration Offshore, L.L.C.) today provided an update on five discoveries being developed in the Deepwater Gulf of Mexico and announced the launch of the company’s website. The five development projects are all scheduled to be on line by the fir
Scientists aboard the Royal Research Ship James Cook have discovered a new set of deep-sea volcanic vents in the chilly waters of the Southern Ocean. The discovery is the fourth made by the research team in three years, which suggests that deep-sea vents may be more common in our oceans than previou
The Navy will issue a global tender for procuring six next generation submarines worth over Rs 50,000 crore by the end of this year. [mappress] Source: business-standard ,February 16, 2011;
ABB, the leading power and automation technology group, has signed a cooperation agreement with Canyon Offshore for trenching services to support ABB’s subsea high-voltage cable installation projects. “Subsea cables are increasingly being deployed for interconnections and offshore wind integration p
