Oceaneering profits peak on ROVs, reconstruction Feb 22, 2007
Subsea supplier Oceaneering has posted record 2006 and fourth-quarter profits on the biggest turnover in company industry, as income from remotely operated vehicles and a share of the Medusa Spar lifted fortunes.

Cabot doubles 2006 result despite Q4 Feb 16, 2007
Cabot Oil and Gas of Houston has more than doubled net income to $321.2 million on production that shot up five percent and the selling of $145 million in assets, it was learned Friday.

Lloyd's Register gains USCG authorisation for floating offshore installations Feb 8, 2007
Lloyd's Register North America, Inc. has received authorisation from the US Coast Guard (USCG) to review plans and conduct inspections on its behalf for floating offshore installations (FOIs) in US waters, including the Outer Continental Shelf.

Hercules profits quadruple, as rigs leave US Feb 6, 2007
Houston-based offshore services outfit, Hercules Offshore, posted a record net income of $35.5 million for fourth-quarter 2006, an erasing of the prior year’s net loss on strong U.S. drilling income that grew 104 percent to $49.1 million.

El Paso eyes $360M in new U.S. southeast pipeline Feb 6, 2007
Liquefied natural gas from El Paso’s Elba LNG facility and natural gas from northern Lousisiana will benefit from a $360-million pipeline expansion planned by group subsidiary Southern Natural Gas, it was understood Tuesday.

TGS-NOPEC ready with new GOM “treasure map” Jan 25, 2007
A survey of “clear, sub-salt images” of Gulf of Mexico geology off the Louisiana coast is ready for oil companies to pore over, Anglo-Norwegian seismic outfit TGS-NOPEC reported Thursday.