Rolls-Royce Company News

Rolls-Royce has obtained the necessary clearance from the Norwegian Competition Authority for the cash offer to acquire the outstanding shares in ODIM.

Rolls-Royce has reached an agreement with the Board of ODIM ASA to launch a voluntary cash offer for all outstanding shares of ODIM ASA.

The P-51 semisubmersible platform went on stream Jan. 24, beginning production of well MLS-99 in the Campos Basin's Marlim Sul field.

Rolls-Royce engines will power an extension to one of India's major gas pipelines in a deal with GAIL valued at more than $130 million.

A subsidiary of Gazprom has awarded Rolls-Royce a contract to supply equipment for the new Nord Stream gas pipeline extending from Russia to Europe.

Rolls-Royce made strong progress in the first half of 2008, increasing both underlying profit and earnings per share. Strong order intake in both the oil and gas and power generation sectors contributed to a 10% increase in the order book.

Rolls-Royce won a BBP17 million follow-up order to design and equip a specialist well intervention vessel. The latest order, from Island Offshore, follows the successful delivery of the first well intervention vessel, Island Wellserver, in March.

Rolls-Royce has won £84 million of contracts to supply propulsion equipment for offshore vessels being built in China and Korea. The company has won a £44 million order, among others, to supply propulsion equipment for a ship to drill in the Arctic.

Rolls-Royce has won a breakthrough contract in the expanding Arctic exploration and production offshore market. The firm is to supply mooring equipment for two ice-class drilling rigs to be operated in the Shtokman field, in Russia's Barents Sea.

Rolls-Royce is to design and equip one of the world's most advanced seismic research vessels for China. The GBP13 million contract is also its first such contract in the important Chinese market for offshore seismic vessels.

To be delivered in 2010, it will join Ezra's fleet of four other deepwater MFSVs on order which will spearhead the Group's move into harsh environment deepwater offshore support services work.

Rolls-Royce and BP have signed a £120 million TotalCare services agreement for the maintenance of 28 RB211 gas turbines operating onshore and offshore in Azerbaijan.

Petrobras has signed an agreement for the construction of the P-56 semi-submersible platform aiming at anticipating production at Marlim Sul field’s Module 3.

Pan-United Marine Limited ("PUM" or the "Group") has won two shipbuilding contracts, worth a total of S$98 million, to build two UT788 CD anchor handling, towing, and supply (AHTS) vessels from Lewek Shipping Pte Ltd.

SeaDragon Offshore has placed a significant order with Rolls-Royce for vital capital equipment for its first vessel the Moss CS50 MkII the "Oban B".

Rolls-Royce has further strengthened its position in South America as a supplier of designs and equipment packages for offshore vessels with contracts for six platform supply vessels worth around £45 million.

ABB says that it has signed contracts worth some $80 million to supply its Azipod propulsion, electrical power and automation systems for 14 new marine vessels.

Rolls-Royce has won a third contract to supply RB211 gas turbines for the Azeri oil project being developed in the Caspian Sea.