News
French Businesses Visit UK Offshore Wind Industry
The renewable energy sector in Britain offers many opportunities to connect French and British companies in this field. The French Chamber of Commerce in Great-Britain organised on 18 & 19 of October, a trade mission in partnership with the Chambers of Commerce and Industry of Normandy, Brittany and
BP Reports 3Q Income Increase. Lifts Dividend by 12.5%
BP today announced its financial results for the third quarter of 2012, reporting underlying replacement cost profit, adjusted for non-operating items and fair value accounting effects, of $5.2 billion, a 40% increase on previous quarter. The British oil giant also announced an increase in its quart
Denmark: Change in MT Højgaard’s Board of Directors
After agreement with MT Højgaard’s Board of Directors, COO Jens Nyhus resigns from his position with immediate effect. His resignation comes after a period of eight months during which MT Højgaard’s Group management has consisted of acting President and CEO Jørgen Nicolajsen (CEO), Chief Financial O
Siem Offshore Orders PSV (Norway)
Norway’s Siem offshore has ordered a Platform Supply Vessel, with an option for one additional vessel, from Hellesoy yard in Norway. The dual fuel vessel, once delivered, will start a four-year contract, with four one-year options, with Total E&P Norge AS. The contract with the subsidiary of French
Norway: PALFINGER Takes Over Bergen Group Dreggen
The PALFINGER Group has agreed to take over Bergen Group Dreggen AS, a renowned Norwegian producer of marine and offshore cranes and lifting equipment. The transaction is subject to customary closing conditions, including approval from the Competition Authorities in Norway, and is expected to be clo
UK: Forum Energy Technologies, Global Marine Ink Contract
Forum Energy Technologies, Inc. has announced the signing of a contract with Global Marine Systems Limited, Ltd. Under the contract, Forum will supply a PerryTM XT 600 Trenching System, complete with Launch & Recovery System and special tooling. The trencher provides three meter ROV burial capabilit
Eni to Start Production Tests at Heron South-1 (Australia)
MEO Australia Limited provides the following update in relation to Heron South-1 being drilled in NT/P68, operated by Eni Australia Ltd (Eni). Since last progress report, operations are underway to ream the 216mm (8 1/2″) hole prior to running and cementing the liner. The well is interpreted to have
Gazprom, Serbia Sign South Stream FID
Gazprom delegation, led by Leonid Chugunov, Head of the Company’s Project Management Department, paid a working visit to the Republic of Serbia. As part of the visit the general shareholders meeting took place at South Stream Serbia AG, the joint project company of Gazprom and Srbijagas. The meeting
Eni’s Profit Rises (Italy)
Italy’s Eni, the international oil and gas company, today net profit of €6.33 billion for the nine months and €2.48 billion for the quarter 2012. The oil company’s net profit was at €5.61 billion for the nine months (an increase of 4.6%) and €1.78 billion for the quarter (up 3.1%). Oil and natural g
BP Q3 Profit Gains (UK)
BP today announced its financial results for the third quarter of 2012, reporting underlying replacement cost profit, adjusted for non-operating items and fair value accounting effects, of $5.2 billion. “BP’s performance and the strong progress we are making in transforming the company give us the c
Italy: Eni Net Profit Up
Eni, the international oil and gas company, announced its results for the third quarter and the nine months of 2012. Financial highlights Continuing operations: Adjusted operating profit: €14.80 billion for the nine months (up 13.9%); €4.36 billion for the quarter (up 2.2%); Adjusted net profit: €5.
UK: Wood Group to Install Two Weather Monitoring Stations
Wood Group has been awarded a £17 million management contract to fabricate, install, commission, operate and maintain two weather monitoring stations in one of the UK’s largest offshore wind farm developments off the Norfolk and Suffolk coast. The project will be delivered by the Wood Group Kenny bu
22 New Blocks for Dana Petroleum in UKCS
Dana Petroleum plc (“Dana”) has secured a further 22 blocks and partial blocks over seven areas in the North Sea in the UKCS 27th licencing round. Of the awarded blocks, Dana is operator of block 13/23d (Dana 100%) in the Inner Moray Firth (IMF) which is located immediately west of the Blake Field.
UK: RIX Sea Shuttle Launches WFSV
RIX Sea Shuttle, part of J.R. Rix & Sons Ltd, launched its first vessel on Friday, specifically commissioned to serve the offshore wind farm sector. The Rix Panther was launched in a ceremony at Meridan Quay, Grimsby Fish Dock today (Friday, October 26th). It is the first of five boats commissioned