The HERCULES-Beta research project proposal was recently approved by the European Commission.

Rowan Companies' manufacturing subsidiary, LeTourneau Technologies, Inc. ("LTI") has signed contracts valued at appr. US$185 million with a Brazilian construction consortium to provide the rig kit, rig design and drilling equipment for two LeTourneau Super 116E jack-up rigs.

Canadian operator Teekay Corporation (“Teekay”), headquartered at Vancouver, has signed an agreement with investment company Merrill Lynch Commodities, Inc. to jointly develop a project to convert the LNG carrier "Arctic Spirit".

After finishing of outfitting details and performing successful sea trials, the fourth SIGMA CLASS Corvette, "KRI Frans Kaisiepo", built by Damen Schelde Naval Shipbuilding (DSNS), Vlissingen, The Netherlands, was handed-over and commissioned to the Navy of the Republic of Indonesia.

Qatar Gas Transport Company Ltd. (Nakilat), Doha, and Damen Shipyards Group, based in Gorinchem, Netherlands, have signed a Memorandum of Understanding to form a joint venture to manage a new shipyard in the port of Ras Laffan.

Aker Solutions has been awarded an EPC contract by Dong E&P Norge to deliver a complete subsea production system to the operator's Trym field, located north of the Norwegian-Danish North Sea border, appr. 300 km south-west of Kristiansand.