Process automation company Honeywell has notched 17 percent higher net income for second-quarter 2007 year-on-year, a $611 million result that coincides with a buy-up in its process solutions unit. 
Lloyd's Register EMEA, in conjunction with Caledonian Geotech Ltd and the Maritime Institute in Gdansk, has recently conducted what is believed to be the first offshore North Sea pipeline in-service survey using a multi-beam echo sounder (MBES). 
Clough Limited has entered into an agreement for an eight year charter of a new subsea operational support vessel. The as yet unnamed vessel will be ready for service in June 2008. Once operational the vessel will be deployed on various projects and contracts, primarily in the Australasian and SE Asian regions. 
Sub-sea engineering firm JP Kenny has bought a design software license package from Dassault Systems to improve its design and installation operations for large Western Australia gas-field projects.
Kimu field seismic survey underway Jul 13, 2007
Cue announces that line preparation for seismic acquisition over the Kimu gas field in PRL-08, Papua New Guinea has commenced. 
Saudi Aramco has awarded a major multi-million U.S. Dollar contract for the Tie-in Platforms and Scraper Decks Project to National Petroleum construction Company (NPCC) of the United Arab Emirates. 
Electromagnetic Geoservices has been awarded a contract by an unnamed energy company to determine the hydrocarbon content of potential reservoirs offshore eastern Canada using seabed-logging technology. 
Delmar Systems, Inc. under an EPCI (Engineer, Procure, Construct, Install) contract with Shell Exploration & Production Co., Inc., delivered preset MODU (mobile offshore drilling unit) moorings for the Perdido Deepwater Development located in Alaminos Canyon, Gulf of Mexico. Using the latest in deepwater mooring technology, Delmar provided multiple mooring systems for this development drilling project. 
Paris-based process specialist Technip will transform heavy oil into crude at Fort Hills Oil Sands project near Edmonton, Canada after being awarded a contract by Fort Hills Energy on Thursday. 
Wellstream International Ltd and its Seastream JV announce the receipt of contracts from BHP Billiton for the Pyrenees development, offshore Western Australia. This development covers three separate fields; Crosby, Ravensworth and Stickle all to be tied back to an FPSO in water depths of 250m. |
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Heavy oil technology developer Ivanhoe Energy of California has performed a test on ConocoPhillips bitumen from Athabasca, Canada, showing the engineer sent by bankers that a lighter, more valuable crude is obtained by its trademark HTL process. 
Cooper Energy announces that a contract to acquire just less than 1,000 km of 2D marine seismic in the Bargou Permit in the Gulf of Hamammet has been executed with CGG Services. 
Subsea 7 Inc. through its i-Tech division, today announced the award of four new contracts with an estimated total value of $ 30m. 
Oslo-listed Canadian oil-sands player, Petrobank, has fired up a third well-pair at its Whitesands project, where the “wells” have long been heated in anticipation of this summer’s firing. 
Norway-based Ability Drilling has executed an option and ordered an onshore drill rig and a workover rig from southwest Norwegian TTS Marine Drilling equipment, a business of Sense EDM of Kristiansand.
Hydro Technology Ventures has formed a joint venture company with Input-Output, Inc. and Reservoir Innovation to develop, pilot test, and commercialize a full-wave seismic system for the permanent monitoring of offshore reservoirs. 
Norwegian oil company Statoil and drilling contractor Odfjell have agreed to develop new sub-sea technology together much like the energy company has with other large supplier contractors. 
A Stavanger-based oilfield services company boasting a drilling machine that bores into sub-soil like a mole, free of a derrick, listed on the energy-focused Oslo Stock Exchange’s start-cap Axess this week. 
Subsea 7’s newbuild deepwater pipelay, the Seven Seas, was launched successfully at Merwede shipyard, nr Rotterdam, The Netherlands, on Friday the 1st of June. The Seven Seas will have the ability to perform a wide variety of offshore and subsea operations in addition to its main pipelay role. 
ABB in Norway has won a NOK430-million ($72-million) contract to electrify Statoil’s Gjoa platform by sub-sea cable from gas-fired power plant at Mongstad, it was announced late Friday. |
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