BW Offshore has signed the contract with Premier Oil for a FPSO to operate on the Catcher oil field in the UK North Sea. The LOA will be converted into a final contract subject to final partner sanction and Department of Energy and Climate Change (DECC) approval, expected to be completed during Q2 2
Havila Shipping ASA has achieved a profit before tax of NOK 41.9 million in Q1 2014,compared with NOK -19.6 million in Q1 last year. Total operating income and gains was NOK 378.5 million in the Q1 of 2014. Total operating income for corresponding period last year was NOK 330.4 million. The group ha
Carnegie Wave Energy Limited (CWE) released its quarterly report, highlighting successful project and financial activities. During the quarter Carnegie Wave Energy Limited focused primarily on its Perth Wave Energy Project (the Perth Project) with the completion of the foundation and pipeline instal
LDD, an Acteon company, has successfully completed drilling monopile foundations for RWE Innogy’s Gwynt y Môr Offshore Wind Farm, North Wales, UK. LDD has been working on the project since 2011, when it designed, built and delivered one of the world’s largest reverse circulation drill rigs, the LD50
BOURBON confirmed its objective of 8-10% growth in revenues for 2014 with a slight increase in the EBITDAR/revenue margin. BOURBON 2014 1st quarter revenues were $443.3 million, an increase of 7.9% at constant exchange rates (2.9% at current rates). Quarterly revenues rose 7.9% (at constant rates),
Total has released its first quarter 2014 results. Net income was $3.3 billion, compared to $3.7 billion in the first quarter of 2013. Highlights of the first quarter 2014: • Started gas and condensate production on Itau Phase 2 in Bolivia; • Launched the ultra-deep offshore Kaombo project in Angola
Tangiers Petroleum Limited informed that the TAO-1 well off the Moroccan coast is on track to be spudded in June, with the Moroccan National Office of Hydrocarbons and Mines providing its final approval relating to the farm-out agreement between Tangiers and Galp Energia. The signing of the Amended
Subsea 7 S.A. announced the award of a three-year US$160 million contract extension by BP Exploration & Production Inc. for light subsea construction, inspection, repair and maintenance services in the US Gulf of Mexico. The contract will run from the second quarter 2014 to the third quarter 2017. T
Deloitte’s Petroleum Services Group (PSG) has provided detailed information on proposed new and completed wells and an overview on all licensing and deal activity in North West Europe. This review is collated from information produced by PSG’s Weekly Service, a report distributed to subscribers each
Pancontinental Oil & Gas NL, an oil and gas exploration company with key assets in Australia, Kenya and Namibia, has presented its March 2014 quarterly activities report. During the March Quarter, Pancontinental Oil and Gas NL progressed exploration and evaluation activities on several fronts within
Pulse Structural Monitoring (Pulse), an Acteon company, has finished a subsea integrity monitoring project for a DONG Energy offshore wind farm. Pulse supplied a system to measure the motion of a number of unsupported sections of subsea cable at the Gunfleet Sands wind farm in the UK sector of the S
First hydrocarbons have flowed from Dana Petroleum’s flagship Western Isles Development Project. The first production well has now been successfully completed and flow tested and a further three wells have been drilled and cased to surface casing depth. All four subsea christmas trees have also been
The operations to install the first of the 19 sponsons to be positioned for the refloating of the Costa Concordia wreck have been completed. The sponson S13, the biggest in weight and size, is now positioned on the starboard side at about 11 meters in depth from the artificial seabed on which the Co
McDermott International, Inc. announced that the Derrick Barge 101 was recently mobilized to Indonesia to perform fast-track heavy-lift work for a client offshore Indonesia. “Response time to fast-track work is just one of the key elements to a successful project outcome,” said Hugh Cuthbertson, Vic
