Tidewater Inc. announced today a second quarter net loss for the period ended September 30, 2011, of $4.9 million, or $0.09 per share, on revenues of $250.9 million. For the same quarter last year, net earnings were $19.4 million, or $0…
Transocean Files Motion for Summary Judgment in U.S. Federal Court to Compel BP to Honor Its Contractual Indemnity Obligations Transocean Offshore Deepwater Drilling Inc. (TODDI), a subsidiary of Transocean Ltd., today filed a motion for…
RBG, the leading provider of assess, inspect and repair (AIR) services to the global energy industry that was recently acquired by Stork Technical Services (STS), has appointed Sandeep Sharma as its new finance director.Mr Sharma is responsible for leading RBG’s global financial management…
Statoil's third quarter 2011 net operating income was NOK 39.3 billion, a 39% increase compared to NOK 28.2 billion in the third quarter of 2010. 'Statoil delivered strong financial results in the third quarter of 2011, reflecting operational…
Ocean Power Technologies, Inc. (Nasdaq: OPTT) launched of a new technology initiative to enhance the efficiency of its patented PowerBuoy wave energy systems under its existing “WavePort” project. OPT will be working with a consortium of European…
Development and verification testing is now completed for the first version of the BIMCO EEDI Calculator which is now ready for download from the BIMCO web site. BIMCO has developed the easy-to-use EEDI Calculator to assist its members calculating…
Senergy has reinforced its growing Norwegian footprint by opening new business premises in Oslo. The company has also appointed highly-regarded industry figure, Frode Linge, to head up its new regional office as project/asset manager. The announcement…
Asset integrity and initiatives to tackle skills shortages are among the subjects to be discussed when Aberdeen City and Shire’s leading renewable energy industry body hosts a business seminar in Aberdeen today (Tuesday, October 18). Leading…
Omar Sekkat has joined DnB NOR’s energy division at the bank’s Asian headquarters in Singapore. He comes to the role after transferring from DnB NOR in London. Mr Sekkat’s appointment as a Senior Vice President of the energy division at DnB…
Delegates from all over the world will be gathering in New Orleans in a matter of weeks for the 19th Annual Seminar of the International Marine Contractors Association (IMCA). With its theme ‘The Future of Marine & Subsea Operations’, the…
Subsea Specialist Flexlife Signs Memorandum of Understanding With Petrobras International. Flexlife, an oil & gas industry specialist in subsea project and integrity management, announced today (October 13) it has signed a Memorandum of…
New CEO and completion of succession change at Eiva.Jeppe Nielsen, 44, will take over the position as CEO as of 24 October 2011 at Eiva. Jeppe Nielsen has a masters degree in computer science from Aalborg University and has until recently held a position as Senior Vice President at Systematic…
Fairmount Marine’s powerful tug Fairmount Glacier has successfully assisted in the installation of the floating production storage and offloading unit (FPSO) Usan, offshore Nigeria.For this operation Fairmount was contracted by Saipem Energies…
Maersk Line, Limited and Apex Offshore Wind Energy Partner to Bring Offshore Wind Energy to North America. Apex Offshore Wind, LLC and Maersk Line, Limited today announced that they have established a working relationship to support the development…
Today, Harvey Gulf International Marine became the first U.S. vessel operator to contract for construction of vessels capable of operating exclusively on natural gas. The agreement is for two, 302’ X 64’, Dual Fuel Offshore Supply Vessels, with an option for a third…