Category archives for: Headlines

Top News of the Week of Jul 21 – Jul 27, 2014

Top News of the Week of Jul 21 – Jul 27, 2014

1. POSH MOGAMI Barge Sinks Offshore Batam The Maritime and Port Authority of Singapore (MPA) received a report that a Singapore-registered barge POSH MOGAMI sank 2 nautical miles northeast of Sekupang, Batam, on Friday (18 July) night. 2. SPT Offshore, VSF to Build Test Frame for ‘Pieter Schelte’ For the testing of the lift systems for […]

Statoil Delivers Solid Operational Performance in Second Quarter

Statoil Delivers Solid Operational Performance in Second Quarter

Statoil’s second quarter 2014 net operating income was NOK 32.0 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.3 billion. “Statoil delivered solid operational performance in the quarter, with continued high production regularity on the Norwegian continental shelf and project execution according to plan. We […]

FMC Technologies Revenue Up in Q2

FMC Technologies Revenue Up in Q2

FMC Technologies, Inc. reported second quarter 2014 revenue of $2.0 billion, up 16 percent from the prior-year quarter. Diluted earnings per share were $0.95 compared to $0.44 in the prior-year quarter.  The quarterly earnings included a pre-tax $86 million gain, or $0.23 per diluted share, related to the sale of the Material Handling Products business. […]

Top News of the Week of Jul 14 – Jul 20, 2014

Top News of the Week of Jul 14 – Jul 20, 2014

1. SubSea Engineering Acquires Hyper-Sub Assets SubSea Engineering, Inc. announces that it has acquired the assets of the high-speed, high-efficiency Hyper-Sub, which will transform how submersible crafts are used. 2. VIDEO: Monitoring ‘Snohvit’ World’s First Subsea Oil System Snøhvit is the first offshore development in the Barents Sea and the first major development on the […]

Aker Solutions: Subsea Order Intake at Record High

Aker Solutions: Subsea Order Intake at Record High

Aker Solutions is on track with a plan to split into two companies at the end of September, including one that will keep the current name and be comprised of the Subsea, Umbilicals, Engineering, and Maintenance, Modifications and Operations (MMO) areas. Pro forma second-quarter revenue for the new Aker Solutions rose to NOK 8.1 billion […]

Saipem Nets $600 Mln FPSO Contracts in Brazil and Angola

Saipem Nets $600 Mln FPSO Contracts in Brazil and Angola

Saipem has been awarded contracts for the extension of leasing and upgrading works of the Cidade de Vitoria FPSO (Floating Production Storage and Offloading vessel) in Brazil. The company has also been awarded a lease extension and operation contract for the Gimboa FPSO in Angola. These contracts are worth in total approximately $600 million. Saipem […]

Top News of the Week of Jul 07 – Jul 13, 2014

Top News of the Week of Jul 07 – Jul 13, 2014

1. Cable Barge Sinks Off Sardinia, Italy Prysmian inform that on July 3rd during transfer voyage from Arco Felice (Naples/Italy) to Bremenhaven (Germany) the barge AMT Explorer chartered for the transportation of power cables for Deutsche Bucht and Butendiek offshore wind farms in Germany, capsized when pulled by a tug boat. 2. Maersk Oil Learns […]

SSE Gets Go Ahead for Scottish Subsea Link

SSE Gets Go Ahead for Scottish Subsea Link

SHE Transmission, the electricity transmission subsidiary of SSE plc, has welcomed Ofgem’s decision to approve the need for the new transmission link between Caithness and Moray. The new link, which will feature over 100 miles of under ground and subsea cable, is needed to transmit a large volume of electricity from renewable sources in the […]

HHI Bags $1.94 Bln Nasr Field Development Work in UAE

HHI Bags $1.94 Bln Nasr Field Development Work in UAE

Hyundai Heavy Industries Co., Ltd. (HHI), the world’s biggest shipbuilder and a leading offshore facilities contractor, announced that it received a Letter of Award (LOA) for a USD 1.94 billion order for the second package of the Nasr Full Field Development Project to build the fixed platforms and to lay subsea cables from Abu Dhabi […]

Ezra to Merge EMAS Into EOC for $520 Mln

Ezra to Merge EMAS Into EOC for $520 Mln

Ezra Holdings Limited has announced plans to consolidate its Offshore Support Services division, EMAS Marine, into its associated company, EOC Limited, which is listed on the Oslo Børs, Norway. Upon completion of the transaction, the enlarged EOC Group will be one of the largest offshore support operators in Asia Pacific by asset value, managing an offshore […]







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