DeepOcean UK, Ltd., a subsidiary of DeepOcean Group Holding AS, today announced it had been awarded a trenching contract by Subsea 7 on the Chevron-operated Gorgon Project in Australia. DeepOcean will be responsible for the project management, engineering and associated trenching works of approximately 70 kilometres of main umbilical for the Gorgon and Jansz-Io field [...]
Neptune Marine Services Limited has entered into an alliance with Beacon SubSea Limited, a subsea intervention service company that operates in Thailand. The alliance will allow Neptune and Beacon SubSea to use their combined service capabilities and experience to provide engineering and total service solutions into the Thai market. It provides an opportunity for Neptune [...]
![Australia: Clough Profit Dives]()
Engineering and construction company Clough Limited announced a result in line with previous guidance with a 25% increase in total revenue to $1bn but a reduction in underlying earnings to $47.2m, due to a loss in the Marine Construction division as a result of soft market conditions. On 8 August the Company announced that [...]
![USA: Hercules Offshore Full Year 2010 Profit Dives]()
For the twelve month period ended December 31, 2010, the Company reported a loss from continuing operations of $134.6 million, or $1.17 per diluted share, on revenue of $657.5 million, versus a loss from continuing operations of $90.1 million or $0.93 per share on revenue of $742.9 million for the twelve month period ended [...]
![USA: Rowan Companies 2010 Net Income Dives]()
For the three months ended December 31, 2010, Rowan Companies, Inc. (“Rowan” or the “Company”) generated net income of $57.3 million or $0.45 per share, compared to $60.8 million or $0.53 per share in the fourth quarter of 2009. Revenues were $458.8 million in the fourth quarter of 2010, compared to $399.8 million in [...]
![USA: Hess’ 4Q 2010 Income Dives]()
Hess Corporation reported net income of $58 million for the fourth quarter of 2010 compared with net income of $358 million for the fourth quarter of 2009. Fourth Quarter Highlights: • Net income was $58 million compared with $358 million in the fourth quarter 2009 • Items affecting comparability include an after-tax charge of $289 [...]
![Singapore: Hallin West Successfully Dives Into Vessel Operation]()
The West Division of Hallin Marine Subsea International Ltd has taken delivery of the purpose built subsea operations vessel, The Ullswater, and immediately won its first saturation diving contract. The West Division of Hallin, a Superior Energy Services company, has previously been involved solely in the supply and operation of Remote Operated Vehicles (ROVs). The [...]
