A new European FP7 project, LEANWIND, which commenced in December 2013, received funding of €10million from the European Commission. The project seeks to address inefficiencies in logistics and transport issues for offshore wind installations and so contribute to the reduction of costs. LEANWIND was
Sterling Energy Plc, the AIM listed oil & gas exploration and production company provides update for the Ntem Concession, offshore Cameroon. The operator, Murphy Cameroon Ntem Oil Co. Ltd (“Murphy”), has confirmed that drilling operations have commenced on the Bamboo-1 well using the Ocean Confidenc
EMGS will shortly commence acquisition of a 3D multi-client Electromagnetic survey called Daybreak, which covers approximately 1850 km2 in the Alaminos Canyon area, southern US Gulf Mexico. The survey will acquire both DHI resistivity data as well as provide deeper structural imaging data to be inte
The PSA has given Talisman Energy Norge AS consent to use Island Constructor on the Gyda field for plugging wells 2/1-9 A and 2/1-11. The operation is planned to start in February 2014 with a duration of 15 days. Island Constructor is a facility designed for well intervention which is operated by Is
E.ON’s £700 million Humber Gateway offshore wind farm has reached key milestone in its construction programme, including the successful completion of the first phase foundations. Twenty four foundations consisting of a tubular steel monopile have been driven into the seabed, creating the foundation
A project between Cranfield University and Sustainable Marine Energy, funded by the Low Carbon KEEP programme, has developed an innovative ‘platform’ designed to dramatically cut the cost and risks of tidal energy projects. The UK’s aging electricity generation infrastructure and reliance on importe
The preliminary annual results for KONGSBERG shows operating revenues of MNOK 16 323, up 4.3 per cent from 2012. The cash flow from operating activities came to MNOK 1 983. The figures for Q4 show operating revenues of MNOK 4 475, an EBITDA of MNOK 611 and a cash flow from operations of MNOK 1 [&hel
Forum Energy Technologies, Inc. announced fourth quarter 2013 revenue of $394 million compared to $330 million for the fourth quarter 2012. Net income for the fourth quarter was $35 million or $0.36 per diluted share compared to $24 million or $0.26 per diluted share for the prior year period. Inclu
The outlook for the coming year of 2014 has become even more promising for CT Offshore A/S just having signed the contract with DONG Energy to carry out the cable installation and burial of inter-array cables at Borkum Riffgrund 1 OWF. This task is going to be the first project in German waters for
Endeavour International Corporation (“Endeavour” or the “Company”) announced the East (E2) and West (W1) development wells at Rochelle, a gas-condensate field in the U.K. North Sea, have been fully completed and tied-in to the production manifolds. During the restart of production, a valve was disco
FMC Technologies, Inc. reported fourth quarter 2013 revenue of $2.0 billion, up 11 percent from the prior-year quarter. Diluted earnings per share were $0.74 compared to $0.50 in the prior-year quarter. The quarterly earnings included a charge related to the 2013 Multi Phase Meters earn-out adjustme
Statoil announced fourth quarter and preliminary 2013 results with fourth quarter 2013 net operating income of NOK 43.9 billion. In 2013, net operating income was NOK 155.5 billion. At the Capital Markets Update, Statoil presents its plan for reduced capital expenditure by more than USD 5 billion fr
Fastnet Oil & Gas Plc (“Fastnet” or the “Company”) the E&P company focused on near term exploration acreage in Africa and the Celtic Sea announces that it has been notified by the Irish Department of Communications, Energy and Natural Resources (the “Department”) that Licensing Option 12/3 (“Mizzen”
NSP Maritime Link Inc., a subsidiary of Emera Inc., has awarded Nexans with a turnkey project to create a high-voltage direct current (HVDC) cable connection between the island of Newfoundland and Nova Scotia in Canada. As part of the contract, worth approximately 175 million Euros, Nexans will desi
