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Deepwater Solutions News

03 Feb 2015

OTC Names 2015 Award Recipients

Image courtesy of Petrobras

The 2015 Offshore Technology Conference (OTC), to be held May 4–7 at NRG Park, will kick off on Sunday, May 3 in Houston with the Annual OTC Dinner to honor the recipients of this year’s Distinguished Achievement Awards, this year recognizing Elmer (Bud) Danenberger III for individual achievement, the Petrobras pre-salt development for corporate achievement, and Ray R. Ayers with the Heritage Award. Th eOTC Distinguished Achievement Award for Individuals will honor Elmer (Bud) Danenberger III for his contributions to offshore safety and environmental protection.

26 Jan 2012

Keppel Details FY 2011 Results

The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the full year ended 31 December 2011. The FY 2011 Report Card and the Address by Mr Choo Chiau Beng, Chief Executive Officer, are below. I am pleased to announce that 2011 was yet another record year for Keppel Corporation. Our net profit grew by 14% to a new high of nearly $1.5 billion. This is the fifth year running that our net profit has surpassed the $1 billion mark. Also for the fifth consecutive year, our Return on Equity has remained above 20%. Economic Value Added has also increased to $1,024 million for the year. With these strong results, the Board of Directors will be recommending a total distribution to shareholders of 43 cents per share for the whole year.

26 Jan 2011

Keppel Corp. Year End Results for 2010

The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the full year ended 31 December 2010. The FY 2010 Report Card and the Address by Mr Choo Chiau Beng, Chief Executive Officer, are below. The full set of financial documents for the results and the Address by Mr Teo Soon Hoe, Senior Executive Director and Group Finance Director, are attached and also available for download below. 1. Net profit before exceptional items improved 12% to S$1,419 million, compared to FY 2009's S$1,265 million. 2. Earnings Per Share of 88.7 cents, up 12% from FY 2009's 79.4 cents. 3. ROE remained above 20%. 4. Economic Value Added before exceptional items increased from S$1,026 million to S$1,035 million.

11 Oct 2001

Success of Technip's Offer on Coflexip

Coflexip Stena Offshore announced today that following the publication by the French Financial Markets' Board of the results of the public offerings of Technip on Coflexip's share capital, Technip now holds 98.36% of Coflexip and 98.54% of its voting rights. In its July 25 meeting, the Board of Directors of Coflexip had recommended that Coflexip shareholders tender their shares to Technip's offer. CSO, the leading global contractor for subsea and deepwater solutions to the offshore oil and gas industry, offers technically advanced and cost-effective best in class services and products for the development of offshore hydrocarbon fields worldwide.

18 Oct 2001

Coflexip Stena Offshore Modifies Its Management Structure

upon his suggestion, Daniel Valot, Chairman of the Board of Technip-Coflexip, was appointed, effective October 17,, Vice Chairman and Chief Executive Officer of Coflexip, providing him with the same powers as Pierre Marie Valentin. of Technip-Coflexip bylaws, which should occur early December 2001. effective best in class services and products for the development of offshore hydrocarbon fields worldwide. abandonment, the Group solutions in engineering, fabrication and installation are proposed on either an integrated or a segmented basis. expertise in moorings, pipeline-riser-umbilical systems and robotics. of subsea construction and installation vessels.

13 Apr 2000

Offshore News

R&B Falcon Confirms U.S. Reading & Bates Development Co. (DEVCO), a wholly owned subsidiary of R&B Falcon Corporation, announced its Boomvang Project in deepwater offshore Texas is proceeding rapidly. DEVCO concurs with previously announced reserve estimates of 70-100 million boe in several oil reservoirs extending across portions of East Breaks Blocks 642, 643, 688 and 732. Platform, production facilities and pipeline contracts are being evaluated, and development drilling is scheduled to begin in the second quarter of this year. The partners anticipate first production in the first quarter of 2002. DEVCO owns a 50 percent working interest in the Boomvang Project. Kerr-McGee Oil & Gas Corp., a wholly owned subsidiary of Kerr-McGee Corp. is operator and owns a 30 percent working interest.

02 Mar 2000

Aker Forms New Division

Aker Maritime has established a new product technology and deepwater R&D group to be headed by Dr. John Halkyard, who is the former technical director of Deep Oil Technology, Inc. The new group will support Aker in its quest "to be the source for deepwater solutions." Dr. Halkyard says that the group is focusing on products that will "make quantum improvement in deepwater field economics…that will change the way things are done." Imminent projects include concepts that were initiated by Deep Oil Technology: a unique FPSO with dry trees and drilling capacity called an "Oil Box," which can produce and store 2MM BBl or more of oil.

21 Mar 2000

Aker Announces Newly Formed Division

Aker Maritime, Inc. has formed a new Product Technology and Deepwater R&D group. This group will be headed by Dr. John Halkyard, formerly technical director of Deep Oil Technology, Inc. and is organized as a division of Aker Engineering - Houston. The new R&D group will help Aker achieve its goal "to be the source for deepwater solutions." Dr. Halkyard says the group is focusing on products which will "make a quantum improvement in deepwater field economics…that will change the way things are done." Immediate projects of high priority include some concepts initiated by Deep Oil Technology: a unique FPSO with dry trees and drilling capability called an "Oil Box", which can produce and store 2MM BBL or more of oil.