Business & Finance
Spain: Repsol Records Good Results in Upstream Sector
Repsol posted net income of 1.344 billion euros in the first half of 2011, slightly higher than the 1.338 billion euros of the year-earlier period. The group’s operating income totalled 2.722 billion euros compared with 3.004 billion euros in the same period of the previous year. The company’s perfo
Internationalisation Puts Gamesa in Strong Growth Position (Spain)
Progress in internationalisation together with efficiency and sustained performance in all business lines placed Gamesa in a strong growth position in the first half of 2011, with results in line with annual guidance in terms of volume, profitability and debt. Gamesa’s consolidated revenues amounted
Norway: TGS to Present Financial Results for Q2 2011
TGS will present the financial results for Q2 2011 on 4 August 2011. Robert Hobbs (CEO) and Kristian Johansen (CFO) will present the results at 08:30 CET 4 August 2011 at Shippingklubben located at Haakon VII’s gt 1 in Oslo, Norway. The presentation is open to the public and can also be followed liv
Norway: PGS’ 2Q Revenues Up 52 pct
Petroleum Geo-Services ASA, a company that provides various seismic and reservoir services, including acquisition, processing, interpretation, and field evaluation published second quarter and first half 2011 results. Jon Erik Reinhardsen, President and Chief Executive Officer or Petroleum Geo-Servi
UK: Evergreen Line to Start KCS Service
In order to continuously provide an improved network to customers, Evergreen Line will launch a new Kaohsiung-Cebu feeder Service (KCS Service) – effective from late July. Evergreen Line will deploy one 950-TEU ship with a rotation: Kaohsiung – Cebu – Kaohsiung. The first weekly Intra-Asia voyage by
Norway: Statoil Delivers Record 2Q Net Income
Statoil’s second quarter 2011 net operating income was NOK 61.0 billion (USD 11.15 billion) , a 129% increase compared to NOK 26.6 billion (USD 4.86 billion) in the second quarter of 2010. The quarterly result was mainly affected by a 32% increase in the average prices for liquids measured in NOK, a
Statoil Gets Green Light for Exploration Drilling in Norwegian North Sea
Statoil has received consent to use Maersk Gallant for exploration drilling of well 2/4-21 as well as an option on sidetrack 2/4-21 A. The well will be drilled in production licence 146/333 and is located in the North Sea about 13 kilometres north of Ekofisk. The closest distance to land (Lista) is
Norway: Petroleum Geo-Services Publishes Second Quarter and First Half 2011 Results
Petroleum Geo-Services ASA published second quarter and first half 2011 results. “We delivered our best quarterly MultiClient sales ever with pre-funding revenues boosted by high GeoStreamer MultiClient activity in the North Sea and Australia. We also experienced strong interest for our MultiClient
Norway: Statoil Delivers Record 2Q Net Income
Statoil’s second quarter 2011 net operating income was NOK 61.0 billion (USD 11.15 billion) , a 129% increase compared to NOK 26.6 billion (USD 4.86 billion) in the second quarter of 2010. The quarterly result was mainly affected by a 32% increase in the average prices for liquids measured in NOK, a
PSA Norway Grants AoC to OSM Offshore for Haven Jack-up Facility
On 26 July 2011, the Petroleum Safety Authority Norway (PSA) granted an Acknowledgement of Compliance (AoC) to the Haven mobile living quarters facility operated by OSM Offshore AS (OSM). Haven is a jack-up facility, delivered in 2010 by Drydocks World, Graha Shipyard in Indonesia. Haven has 447 sin
Jumbo Shipping Delivers 51 Monopiles to Barrow-in-Furness for Walney Offshore Windfarm 2 (UK)
Jumbo Shipping has successfully transported 51 monopiles from EEW’s manufacturing plant in Rostock, Germany, to Barrow-in-Furness in the UK. The monopiles’ final destination was DONG Energy’s Walney Offshore Windfarm 2. When the contract was awarded, the first shipment was only seven weeks away, dur
EWEA Announces Offshore Wind Energy Statistics for First Half of 2011 (Belgium)
The European Wind Energy Association (EWEA) today published offshore wind energy statistics for the first half year of 2011, showing a comfortable 4.5% increase in installations of offshore capacity compared to the first half of 2010. 101 new offshore wind turbines, with a total capacity of 348 Mega
Portugal: EDP Renewables Announces First Quarter 2011 Results with EBITDA up by 19pct
EDP Renewables, a global leader in the renewable energy sector and the world’s third-largest wind energy producer, today announced that an additional 1.37 GW of capacity were installed over the last 12 months, of which 486 MW were added in 1H 2011 (around 60% of the expected installation for FY 2011
UK: MPX Exercises Option for Use of WilHunter Rig
MPX North Sea Ltd has exercised the option of a second well within its drilling contract with Awilco Drilling PLC and SPD. This well represents the third well of the SPD multi-client, multi-well 2011 drilling programme, and has an estimated contract value of approximately USD 7.3 million. The two we