Oceaneering International, Inc. reported record fourth-quarter and annual earnings for the periods ended December 31, 2012.For the 4Q 2012, Oceaneering earned net income of $80.6 million, or $0.74 per share, on revenue of $780.9 million. During the corresponding period in 2011…
On 7 December 2012, the Government of Malta awarded three offshore blocks totaling 6,400sq km to Capricorn Malta, a subsidiary of Edinburgh-based Cairn Energy. Cairn CEO Simon Thomson, who succeeded Sir Bill Gammell as chief executive in July 2011…
Seadrill will manage tender rigs outside Asia West Vencedor (Photo: Seadrill)Norway's Seadrill Ltd. completed the sale of its tender rig business to Malaysia's SapuraKencana Petroleum Bhd. for $2.9 billion, the company confirmed on 11 February 2013…
Maersk to develop ultra-deep rigs for 20KTMHarsh environment jack-up Maersk EndurerMaersk Drilling and BP announced they will jointly develop concepts for deepwater drilling rigs capable of operating in HPHT reservoirs up to 20,000 psi and 350 degrees Fahrenheit…
Following the delivery of its flagship combined pipelay and heavy lift vessel, Seven Borealis, last summer, international diving contractor Subsea 7 continues to expand its fleet. Meg Chesshyre takes a look at recent new vessels ordered by Subsea 7…
Ocean Installer and McDermott International struck an alliance to pursue and execute North Sea rigid pipelay projects. The new partnership paves the way for a more permanent relationship. Along with Ocean Installer’s expertise and North Sea organization…
Dolphin Drilling and Petrobras have agreed to a one-year contract extension for the semisubmersible Borgny Dolphin. The contract, worth US$90 million, extends its deployment until September 2014.GDF Suex E&P UK picked Technip to provide installation…
New next gen IMR vessel heads for North Sea Seven Viking IRM vesselThe cutting edge Seven Viking vessel, designed for operations in the harshest environments is being unveiled and named at a ceremony in Stavanger, Norway, by Subsea 7…
IHC Merwede launches Packhorse vessel designIHC PackhorseIHC Merwede has extended its product range with the introduction of a new series of IHC Packhorse™ offshore support vessels at an official launch event in Singapore, organised by IHC Asia Pacific…
Reef Subsea contracts newbuild Olympic ReefOlympic Reef (Photo: Reef Subsea)Reef Subsea has signed a five-year plus options charter for a new-built DP subsea construction vessel from Olympic Shipping AS in Norway. The vessel, to be named Olympic Reef…
IHC syncs build of three Brazil-bound vesselsKeel-laying pipelay vesselIHC Merwede is building three 550t pipelaying vessels simultaneously at its Krimpen aan den IJssel yard in The Netherlands. The keel-laying ceremony for the first…
TGS commences 3D data acquisition off LiberiaPolarcus Asima vesselTGS has commenced acquisition of a 3D multi-client survey, Sunfish, which covers up to 7,800 km2 of highly prospective acreage in the Harper Basin, offshore Liberia.…
EMGS wins contract for 3D EM data acquisitionBOA Thalassa vesselEMGS has received a Letter of Intent for a contract totaling approximately six months of 3D EM data acquisition in Asia. Final confirmation and award of the program is dependent on the customer's internal Tender Board approval…
Dubai-based Shelf Drilling acquired 38 shallow-water drilling rigs after completing a US$1.05 billion sale with Transocean. Shelf Drilling is also expected to pick up as many as 3500 employees from the deal. Shelf Drilling will take control of seven rigs immediately…
Wartsila has been contracted by China Oilfield Services to supply designs for six new ships, two platform supply vessels, and four anchor-handling tug supply vessels for the South China Sea and Bohai Bay.
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