Remotely operated vehicle (ROV) statistics for 2011 have been published by the International Marine Contractors Association (IMCA) as an information note (IMCA R 05/12). The statistics, intended to record personnel and vehicle levels, are collected twice a year in February and August. The 2011 figures show that IMCA members had fewer ROV personnel at work […]
October 16, 2012 | Posted in
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Ulstein Group delivers solid results for 2011. The group had an operating income of NOK 2.1 billion and an operating profit of NOK 254 million. “We have competent employees and an organisation that provide for execution and delivery precision. The good collaboration we have with our customers and suppliers, enables us to come up with […]
FMC Technologies, Inc. reported first quarter 2012 revenue of $1.4 billion, up 29 percent from the prior-year quarter. Diluted earnings per share were $0.41 compared to $0.35 in the prior-year quarter. Total inbound orders of $2.0 billion were up 50 percent from the prior-year quarter and included $1.4 billion in Subsea Technologies orders. Backlog for […]
April 25, 2012 | Posted in
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Bahamas Petroleum Company, the oil and gas exploration company with licences in The Commonwealth of the Bahamas, announces its final results for the year ended 31 December 2011. Highlights: · Successfully raised £45.6m through an equity placing; · 1,120km line2D seismic survey and competent persons report completed, concluding: · Multiple structures over the southern licences […]
April 2, 2012 | 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 $2.1 million of net income for 2011, an improvement of $20.0 million over the same period in 2010. OPERATING RESULTS For 2011, Deep Down reported net income of $2.1 million, or $0.01 income […]
March 29, 2012 | Posted in
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CNOOC Limited announced its annual results for the 12 months ended December 31, 2011. In 2011, the Company’s average realized oil price amounted to US$109.75 per barrel and its average realized natural gas price reached US$5.15 per thousand cubic feet, representing an increase of 40.8% and 14.7% year-over-year (“yoy”), respectively. Benefiting from the rising realized […]
March 28, 2012 | Posted in
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China Oilfield Services Limited announced its annual results for the year ended 31 December 2011. Despite faced with challenges arising from domestic and global markets in 2011, the Group adopted a market oriented approach to optimize allocation of resources and strategies for marketing of its services. COSL reinforced its presence in the domestic market in […]
March 25, 2012 | Posted in
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Odyssey Marine Exploration, Inc., a leader in the field of deep-ocean exploration, today reported results for the fourth quarter and year ended December 31, 2011. In addition, the Company provided an update on its operational progress since the beginning of 2012. For the fourth quarter of 2011, Odyssey generated revenue of $.09 million, compared to […]
CGGVeritas Board of Directors approved on February 29, 2012, the 2011 financial statements of the Company, on which the independent auditors are in the process of completing their audit procedures. Fourth Quarter 2011 key figures: * 2011 Revenue up 10% and Cash Flow from Operations up 36% * Operating Income at $208 million * Net […]
March 1, 2012 | Posted in
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Swire Pacific Offshore Operations (Pte) Limited (SPO) announces the receipt of Fugro’s “Top Notch Award for 2011″ for the performance of its 6-streamer 3D seismic survey vessel, Geo Natuna. The award was introduced by Fugro Geoteam two years ago to recognise the vessel with the lowest downtime in their fleet. The scheme’s objective is to […]
March 1, 2012 | Posted in
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