With oil prices still elevated and operator appetite for offshore drilling seemingly limitless, Central Gulf of Mexico Lease Sale 227 appears headed for vigorous bidding and dollar totals that may match or even surpass 2012's collective ...
Tags: Chemicals, Central Gulf, Mexico Sale
GC Rieber Shipping enters into five-year charter for subsea newbuild Monday, Mar 11, 2013 GC Rieber Shipping ASA has entered into a charter agreement with Ceona Services (UK) Limited ("Ceona") for its high capacity subsea newbuild for a ...
Infinera Corp of Sunnyvale, CA, USA, a vertically integrated manufacturer of digital optical network systems incorporating its own indium phosphide-based photonic integrated circuits (PICs), and Telecom Italia Sparkle Group, say that ...
Tags: Infinera InP PICs, digital optical network system, company news
Farstad Shipping ASA - contract for building of a subsea/IMR vessel Friday, Feb 15, 2013 Farstad Shipping ASA has, through its wholly owned subsidiary Farstad Supply AS, reached an agreement with STX OSV AS to build one subsea/IMR vessel. ...
Tags: Farstad Shipping ASA, vessel, company news
Andritz Hydro has received an order from Nalcor Energy to supply four 209 megawatt (MW) Kaplan turbines and four synchronous generators for the new Muskrat Falls hydropower plant in Labrador, Canada. Commissioning is scheduled for 2017. ...
Tags: Andritz Hydro, Nalcor Energy, turbines
Sulzer Pumps Ltd and FMC Technologies, Inc. strengthened their existing relationship through the signing of a long-term and exclusive collaboration agreement. This agreement addresses the supply of pumps for subsea applications and the ...
Tags: Sulzer Pumps, FMC Technologies, Collaboration Agreement, Subsea Pumps
BP announced its financial results for the fourth quarter and full year of 2012. Underlying replacement cost profit, adjusted for non-operating items and fair value accounting effects, was $4.0 billion for the fourth quarter, compared to ...
Tags: BP, financial results, fourth quarter
Italy's Eni will spend a total of $1.445 billion to develop the Jangkrik North East offshore gas field in Indonesia's Muara Bakau block in the Makassar Strait, the head of Indonesia's upstream regulator SKK Migas said Friday. The ...
Reuters reports that Iraq has sweetened the terms for oil contract buyers and is becoming more competitive on pricing. Oil Minister Abdul Kareem Luaibi [Elaibi], who met customers in Vienna last month on the sidelines of the OPEC meeting, ...
McIlvaine Company has revised its forecast for growth in the industrial valve industry over the next five years. The current forecast is for 5 percent growth. This is being revised to 5.5 percent CAGR for the 2013-2017 period. The basis ...
Cuba's Internet speeds increased on Tuesday, and the country appears to be routing more traffic through a previously dormant undersea fiber-optic cable, according to Internet monitoring company Renesys. Renesys noticed last week that ...
Tags: Cuba, Internet speeds, fiber-optic cable
Infinera Corp of Sunnyvale, CA, USA, a vertically integrated manufacturer of digital optical network systems incorporating its own indium phosphide-based photonic integrated circuits (PICs), has announced the first successful demonstration ...
Tags: Infinera, Telstra, network systems
Production from wells in Shell's ultra-deepwater Perdido Hub in the US Gulf of Mexico is now reaching over 115,000 b/d of oil equivalent, nearing total capacity, Shell Oil President Marvin Odum said Wednesday. "The project is doing ...
Tags: oil equivalent, oil, natural gas, gas
HandyTube broadens global reach at new Korean exhibition Friday,Jan 11,2013 Company's presence at inaugural Offshore Korea show underscores HandyTube's commitment to the international market HandyTube Corporation continues to solidify ...
Tags: HandyTube, Korean exhibition, seamless, stainless steel, shipyards
McDermott signs shipyard contract for construction of deepwater S-Lay vessel Friday, Dec 28, 2012 McDermott International, Inc. (NYSE: MDR) (''McDermott'') announced today that one of its subsidiaries has signed a contract for the design ...
Tags: Mcdermott, Service, Transportation