Saipem has been awarded new E&C Offshore contracts in North and West Africa for a total value of approximately $1.1 billion. In Egypt, Saipem has been awarded by Burullus Gas Company a contract for the development of the West Delta Deep Marine Phase IXa Project about 90 kilometres off the Mediterranean Coast of Egypt. The [...]
March 11, 2013 | Posted in
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Ocean Power Technologies, Inc., a leading wave energy technology company, today announced that it recently received approximately $1.5 million under the State of New Jersey’s Business Tax Certificate Transfer Program. The Program enables companies to raise cash to finance their growth and operations and is administered by the New Jersey Economic Development Authority (NJEDA) and [...]
January 24, 2013 | Posted in
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Superior Energy Services, Inc. today announced net income of $93.9 million, or $0.59 per diluted share, on revenue of $1,179.7 million for the third quarter of 2012. Non-GAAP adjusted earnings was $95.3 million, or $0.60 per diluted share, which excludes $2.3 million of pre-tax loss on the partial prepayment of the Company’s $300 million 6.875% [...]
Ezra Holdings Limited (Ezra, the Group), a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, today announced that its subsea construction division, EMAS AMC, has secured contracts worth more than US$65 million, including options, for projects in the Gulf of Mexico and West Africa. The Gulf [...]
October 25, 2012 | Posted in
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L-3 MariPro, a division of L-3 Marine & Power Systems has secured $127 million multi-year contract intended for installation of Undersea Warfare Training Range off the coast of Jacksonville, Fla, for the U.S. Navy, reports the Benzinga.com. The program is split in two phases. The first phase of the program entails supplying of the initial [...]
With the signing of a contract for the newbuild drillship Deepwater Advanced 2 Maersk Drilling adds USD 694 million to its contract backlog. Five out of seven newbuild drilling units have now secured contracts. Maersk Drilling has signed a contract with ConocoPhillips Company a wholly owned subsidiary of ConocoPhillips and Marathon Oil Company a wholly [...]
Helix Energy Solutions Group, Inc. reported net income of $14.9 million, or $0.14 per diluted share, for the third quarter of 2012 compared with net income of $46.0 million, or $0.43 per diluted share, for the same period in 2011, and net income of $44.6 million, or $0.42 per diluted share, in the second quarter [...]
Saipem has been awarded new E&C Offshore contracts worth $1.1 billion in Brazil, Angola and the Caspian Sea. In Brazil, Saipem has signed an EPIC contract with Petrobras for the projects Sapinhoá Norte and Cernambi Sul, within the development of the Pre-Salt Risers in the Santos Basin, approximately 300 kilometres off the coasts of the [...]
October 22, 2012 | Posted in
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Saipem has signed new E&C Offshore contracts in Angola, Kazakhstan and North Sea, worth approximately $950 million. In Angola, Saipem has been awarded an EPCI contract by CABGOC for the Congo River Crossing Pipeline Project, to be developed off the coasts of Angola and the Democratic Republic of Congo. The scope of work includes the [...]
September 24, 2012 | Posted in
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Subsea 7 S.A. announced the award of an EPIC SURF contract valued at approximately $600 million from Chevron Overseas Congo Ltd for the development of the Lianzi field offshore Congo and Angola. The technical specifications include a 12” wet insulated production flow-line with direct electrical heating, which would set a record for the deepest electrically [...]
August 16, 2012 | Posted in
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