The subsea hardware market is expected to recover this year, following the global economic crisis and the repercussions of the Deepwater Horizon accident in 2010. Douglas-Westwood (DW) forecast that the subsea sector will continue its growth trend, reaching an annual total of $32 billion in expenditure by 2016. DW’s first edition of The World Subsea […]
May 31, 2012 | Posted in
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Oceanteam Shipping ASA has announced that it’s new Lay Vessel, CSV North Ocean 105 which is jointly owned with J Ray McDermott (Norway) AS, has been delivered on time and has immediately commenced a five year time charter. The company’s fleet of CSVs now consists of four partially owned North Ocean Series concept vessels. ‘’We […]
April 23, 2012 | Posted in
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James Fisher and Sons plc (JFS) announces that its subsidiary James Fisher Angola Ltda has been awarded a five-year contract by BP Angola for the provision of export tanker support services off the coast of Angola. The contract involves the operation of three anchor handling tugs and diving services for the mooring operations and maintenance […]
February 9, 2012 | Posted in
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Chevron Corporation reported earnings of $5.1 billion ($2.58 per share – diluted) for the fourth quarter 2011, compared with $5.3 billion ($2.64 per share – diluted) in the 2010 fourth quarter. Full-year 2011 earnings were $26.9 billion ($13.44 per share – diluted), up 41 percent from $19.0 billion ($9.48 per share – diluted) earned […]
January 27, 2012 | Posted in
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Lundin Norway AS has awarded Kvaerner an EPC contract of approximately NOK 1.1 billion for delivery of a steel jacket to be located at the Luno field, production license PL338, offshore the Norwegian North Sea. “Jacket structures are core business for Kvaerner and I am very pleased that we have won this important contract in […]
January 19, 2012 | Posted in
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GlobeNet, an international wholesale provider of submarine capacity, and a wholly-owned subsidiary of Oi, and TE SubCom, a TE Connectivity Ltd. company and an industry pioneer in undersea communications technology, announced they have commenced construction for the replacement of Segment 5 of GlobeNet’s high performance subsea cable system. This new subsea cable will provide more […]
January 17, 2012 | Posted in
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Ocean energy company, BioPower Systems (BPS), today announced that the Victorian Minister for Energy and Resources, the Hon. Michael O’Brien MP, has awarded the company conditional funding support of $5 million under the Sustainable Energy Pilot Demonstration Program. The funding will be applied towards the $14 million pilot demonstration of the company’s 250kW bioWAVE ocean […]
December 1, 2011 | Posted in
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Kreuz Holdings Limited , a subsea service provider for the oil and gas industry, announced that the Group has secured its fifth set of contract wins worth approximately US$57.5 million from the Swiber Group. The value of this set of contract wins is made up exclusively from subsea work components for new wins announced earlier […]
November 8, 2011 | Posted in
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The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) announced it has signed a cooperative agreement with the University of Texas at Austin and a team of highly qualified and experienced Arctic researchers for a comprehensive study of the Hanna Shoal ecosystem in the Chukchi Sea off Alaska’s northwest coast. The study will […]
September 21, 2011 | Posted in
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BMT Scientific Marine Services (BMT), a subsidiary of BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy, has been contracted by Petrobras America Inc., a subsidiary of Petrobras, to provide support maintenance and repair for the Cascade and Chinook Free Standing Hybrid Riser Tower (FSHR) Monitoring System. This agreement includes five […]
August 17, 2011 | Posted in
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