Lamprell First Half Results Beat Expectations
Lamprell today announced its financial results for the first half of 2014, reporting results ahead of expectations due to strong operational performance and early results from savings initiatives, generating improved margins. Revenues rose by $125.7 million against H1 2013 as a result of the high H1 activity levels and phasing of construction activity during the period. According to Lamprell, successful rights issue and refinancing provides a strong financial platform and enables delivery of long-term growth strategy.
Tideland Warning Systems for Golden Eagle Platforms
Tideland Signal supplied a package of Syncrolan LED light stations and fog signals for the Golden Eagle Area development in the U.K. sector of the North Sea, about 43 miles (69 kilometers) from Aberdeen. Tideland's warning systems will protect both Golden Eagle's wellhead platform and the combined production, utilities and accommodation platform, which is bridge-linked to the wellhead. Tideland's latest LED warning system installed on the two Golden Eagle platforms comprises a main Syncrolan light station with a range of 15 NM…
Noble Denton Spanish Contract
Noble Denton, a global offshore engineering and marine consulting firm, announced the award of a $21.3m contract from ACS Cobra Castor UTE in Spain. The scope of work includes the provision of project management and procurement support services for Castor’s underground gas-storage development initiative. John Wishart, Noble Denton’s group managing director, said, “This initiative will see the redevelopment of the abandoned Amposta reservoir to provide back-up gas supplies for the Mediterranean coast of Spain in periods of high gas demand. The project, which will ensure a reliable gas supply to industrial and domestic consumers in Spain, will run over a four-year period and involve up to 25 Noble Denton personnel.
