Fugro has disclosed information on its performance in the first half of 2014, with first half-year revenue of EUR 1,186.9 million compared to EUR 1,167.9 million in first half of 2013. Year-on-year revenue growth at constant currencies of 6.2% or 7.9% excluding multi-client. As previously announced,
Rosneft and ExxonMobil joint venture company Karmorneftegaz has began drilling of Universitetskaya-1, the Russian Federation’s northernmost well using the West Alpha rig. The start of the drilling was launched by Russian President Vladimir Putin during a teleconference with head of Rosneft Igor Sech
Prysmian Group has been awarded a new contract worth approximately $127 million (95 million euro) by IPTO (Independent Power Transmission Operator), the Transmission System Operator of the Greek electricity system, for the interconnection between the island of Syros (Cyclades) and the mainland power
Carnarvon Petroleum Limited has advised that the Phoenix South-1 well has drilled to a depth of 4,540 metres Measured Depth. Drilling 40 metres below the 4,500 metres MD target was undertaken to enable logging tools to reach 4,500 metres. The Operator is currently running wireline formation evaluati
Seadrill Limited, in cooperation with indigenous partner Field Offshore Design Engineering Nigeria Limited has secured a contract with Esso Exploration and Production Nigeria Limited, an ExxonMobil subsidiary, for employment of the newbuild ultra-deepwater drillship West Saturn, in support of the ER
Commonwealth Scientific and Industrial Research Organisation (CSIRO), Australia’s national science agency, has taken delivery of its new AUS$120 million research vessel RV Investigator in Singapore. This new Marine National Facility (MNF) research vessel, will soon sail for its home port of Hobart w
1. McDermott Cuts Losses McDermott International, Inc. has reported a second quarter 2014 net loss of $11 million or $0.05 per fully diluted share, compared to a net loss of $149 million or $0.63 per diluted share in the prior-year quarter. 2. EMAS Lands USD 110 Mln in Contracts Ezra Holdings Limite
Shell has performed a 3D WAZ seismic exploration of the Shelburne Basin, Nova Scotia, Canada. Shell’s Shelburne Basin Venture Exploration Project marks the first time 3D Wide Azimuth (WAZ) Seismic technology was used in Canada. This technology provides much clearer data in water depths of 1500 to 35
ARENA has announced $770,000 funding for Swinburne University of Technology to develop modelling on the performance of wave energy farms. The wave energy industry is emerging world-wide and there are few multiple device installations operating today. Predicting the best way to arrange future project
Norwegian Energy Company (Noreco) in July 2014 produced 6 979 barrels of oil equivalents per day (boepd) on average and delivered an update on Siri platform production. The technical installation work related to the permanent repair of the Siri platform has been completed and production from the Sir
ConocoPhillips Skandinavia AS (COPSAS) has received consent to use the West Linus jack-up drilling facility for drilling and completion of wells at Ekofisk 2/4-ZZ. The Ekofisk field was discovered in 1969 and is the oldest of the oil and gas fields in production on the Norwegian Continental Shelf. T
Ramboll analysts have considered whether engine failure, anchors or other hazards can threaten an upcoming and very innovative Submerged Floating Tunnel (SFT) across the Sognefjord in western Norway. The probability of a ship’s collision resulting in disastrous consequences is very low, shows two ri
Blackbird International Corporation has finalized the procedures for the acquisition of SDE Ltd. The date for the signing of the Agreement is set for August 15, 2014. It had previously released news that it had exchanged a Letter of Intent with SDE Ltd for purposes of a merger. Blackbird shall acqui
Lifting and handling products manufactured by the J D Neuhaus company are engineered for performance, reliability and longevity when operating in extreme environments of dirt, dust, high humidity, and even potentially explosive atmospheres. Some of the toughest and more unusual conditions are curren
