Deep Down, Inc. (“Deep Down”), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, reported net income of $0.2 million for the first quarter of 2013, an improvement of $0.5 million from the first quarter of 2012. For the first quarter of 2013, Deep Down reported net income [...]
May 16, 2013 | Posted in
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Deep Down, Inc., an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, reported net income of $970 thousand for the third quarter of 2012, an improvement of $364 thousand over the same period in 2011. OPERATING RESULTS For the third quarter of 2012, Deep Down reported [...]
November 14, 2012 | Posted in
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As part of Statoil’s plans to increase the recovery rate on the Norwegian continental shelf from 50% to 60%, Statoil has commenced building Norway’s biggest research centre for improved recovery in Trondheim. Norway’s petroleum and energy minister Ola Borten Moe and CEO Helge Lund were present to celebrate the start of construction work on Statoil’s [...]
Scientists in the Habitat Research Group (HRG) are conducting studies to identify the essential habitats of eastern Bering Sea species. This includes work to identify suitable predictor variables for quantitative habitat models and to develop tools to map the variables over very large areas. Abundance estimates from annual bottom trawl surveys are being combined with [...]
Statoil has matured more reserves through improved recovery than the Skrugard and Havis discoveries combined in 2011. The company is now strengthening its focus on improved recovery. “2011 will always be remembered for the major finds on the Norwegian continental shelf (NCS), while at the same time we have completed a great year with regard [...]
January 17, 2012 | Posted in
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ABB, the leading power and automation technology group, has announced that recent modifications to its Azipod propulsion unit frame design have seen hydrodynamic efficiency improved by more than two per cent. The modifications include a newly optimized Azipod fin shape and a new pod cap structure, called X-tail. The revised fin structure receives water flow [...]
November 22, 2011 | Posted in
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![U.S. Coast Guard ROVs Improved With Smart Tether Navigation System]()
KCF Technologies’ Smart Tether — a robust, ready-to-use technology that has revolutionized underwater navigation and positioning — is proud to have played an important role in helping VideoRay obtain a major contract by the Combating Terrorism Technical Support Office of the US Department of Defense. Announced July 15, the $2.2 million contract will modernize the [...]
August 2, 2011 | Posted in
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