Marine link
Articles - Pipelines - History

Stolt Comex Seaway S.A. Reports First Quarter Results

Stolt Comex Seaway S.A. (SCS), subsea contractor to the oil and gas industry worldwide, reported results for the first quarter ended Feb. 28, 1994. The result was a benefit of $4.5 million, or $0.45 per common share, from the cumulative effect of the adoption of a new accounting standard relating to income taxes. In a regional review, Guy J.

Fleury, president and CEO of SCS, said of the North Sea area, "SCS has upgraded the DSV Seaway Condor by increasing its capabilities to lay flexible pipes, umbilicals and power or telecommunications cables. Seaway Condor's advanced features for diverless construction work and its enhanced laying capabilities will be utilized on the Troll, Dunbar and Hudson projects this year. Offshore operations begin this month on the $80 million contract for Norsk Hydro on the Troll Oil development in Norway." On Brazil, Mr. Fleury commented, "In Brazilian waters, at a world record depth of 3,000 feet (914.4 m), SCS participated in the installation of a production Christmas tree employing three ROVs working simultaneously from both a drilling rig and a flexible pipe lay vessel, demonstrating ... our stateof- the-art diverless skills in ever deeper subsea developments around the world." In the Asia Pacific region, SCS, according to Mr .Fleury, "completed a platform and pipeline installation project in Indonesia working with the barge of our Chinese joint venture partner. (Recently) SCS began laying a pipeline and installing umbilicals for Arco Indonesia to tiein a new subsea gas well north of Bali." SCS has also mobilized some of its ROV fleet from the North Sea to long term contracts on deep water drilling rigs in West Africa.

Pipelines History

A&P Tapped For Oriana Refit
Acomarin Engineering Develops Innovative Seawater Intake Solution
Atlantic Aqua Marine Launches 23rd Aqua Truck For Spill Response
Auger Shell Sets Record With Gulf Of Mexico Tension Leg Platform
Building started on multi-role icebreaker
Exxon Fast Track North Soa Development Greenlighted By British Government
Exxon Finalizes Agreement In $ 15 Billion Project
Five Year Outlook For U.S. Shipbuilding
For East Dredging Performs Major Marine Projects In Hong Kong
Industry Source Says Drug Testing Gaining Acceptance
Kraissl Co. Manufactures Simplex And Duplex Strainers And Filters
Krupp Fordertechnik Delivers Cutter Suction Dredger To Indonesia
Krupp Fordertechnik/HDW Nobiskrug Consortium Delivers Hopper Suction Dredger M/S Seekies
Manson Construction Aidod By Mobil In Coastal Pipolino Project
Manson Construction Aidod By Mobil In Coastal Pipolino Project
McDermott Awarded Slice Of LNG Project
Nautronix Wins Contracts For DSV, ROV Vessels
New Stolt Comex Seaway Contracts Add To Growing Order Book
Offshore Sector Giving Boost To World Shipbuilders
-OILMiddle East To Provide A Growing Share Of World Oil Exports
Orders Up At Ulstein
Shell: A Ram-Powell Update
Sonsub And Seateam Team To Provide ROV And Survey Services
Stolt Comex Seaway S.A. Reports First Quarter Results
Stolt Parcel Takes Delivery Of Stolt Innovation From Danyard
Storage & Power "To Go"
Suezmax Tanker Market: Undergeing Profound Change
Texaco, Leviathan Form Pipeline Joint Venture
USCG Awards Honors For Excellence In Marine Environmental Protection
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright