Tullow Oil plc (Tullow) announces that the Wisting Alternative well (7324/7-1S), offshore Norway in the Barents Sea, has reached Total Depth. The well was not appraising the major discovery at Wisting Central and encountered oil shows in the deeper targeted Kobbe and Snadd formations but the reservo
BP announced its financial results for the third quarter of 2013. Underlying replacement cost profit1 for the period was $3.7 billion, compared to $2.7 billion for the previous quarter. Operating cash flow in the quarter was $6.3 billion. Consistent with its commitment to maintaining a progressive a
Samsung Heavy Industries (SHI) and Hyundai Heavy Industries (HHI) in Korea and Cosco Shipyard in China have selected KONGSBERG’s “Full Picture” solution with extensive Dynamic Positioning (DP), Automation, Navigation , Hydroacoustic positioning and riser management solutions from KONGSBERG for a tot
Oceaneering International, Inc. reported record earnings for the third quarter ended September 30, 2013. On revenue of $853 million, Oceaneering generated net income of $104.4 million, or $0.96 per share. For the third quarter of 2012, Oceaneering reported revenue of $734 million and net income of $
On Friday 18th October Seaway Heavy Lifting signed a contract with Permaducto to execute work in Mexico in a joined offshore programme for the Pemex’s KuMaZa/Cantarell project. Installation of the decks and jacket will be done by using the Oleg Strashnov. The Oleg Strashnov is Seaway Heavy Lifting’s
ConocoPhillips today announced first oil production from the Ekofisk South development project in the Norwegian North Sea on Oct. 25. “The Ekofisk South project startup represents an important milestone for ConocoPhillips,” said Matt Fox, executive vice president, Exploration and Production. “This i
From 19-27 October 2013, IMARES Wageningen UR, organised a research expedition to the Saba Bank, to investigate the ecological functioning of the Bank. Thirty-three 50m long transects resulted in more than 2000 images of the reef, and over 5000 fish counts of almost 100 fish species. A preliminary c
Program Executive Office for Littoral Combat Ships (PEO LCS) successfully completed initial in-water testing of the Persistent Littoral Undersea Surveillance (PLUS) system, NAVSEA announced Oct. 24. The PLUS prototype, designed to detect underwater threats is being fielded by the Program Executive O
Serica Energy plc confirms the start of drilling operations in the Foum Draa licence, offshore Morocco. Cairn Energy, as Operator, announced this morning that drilling operations have commenced with the FD-1 wildcat exploration well using the Cajun Express, a fifth generation semi-submersible drilli
Ramboll was recently awarded a major contract to carry out the Environmental Impact Assessments (EIA) for three near-shore wind farms in Danish waters for the Danish energy grid owner, Energinet.dk. EIA for offshore as well as onshore activities The project covers the EIA for both the offshore wind
Great-Yarmouth based 3sun Group, a specialist provider of products and services to the global energy industry, has reported a turnover of £13.7 million for the financial year 2012/13. The company’s turnover increased almost three-fold from 2010/2011, going from £2.4million to £6.5million, and almost
As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, the Bureau of Ocean Energy Management (BOEM) announced that it will hold Gulf of Mexico Central Planning Area (CPA) oil and gas lease sale 231 in New Orleans on March
In Q3 2013, revenues for Petroleum Geo-Services ASA (“PGS” or “the Company”) were 6% lower than in Q3 2012. EBIT margin for the Company ended at 30%, which is higher than in the previous quarter and in Q3 2012. The improved profitability is driven by PGS’ solid business model, combined with price op
Last week’s auction for production rights to Brazil’s 12bn barrel Libra field has dominated industry headlines. However, despite years of media and market analyst hyperbole the scale of Petrobras’ plans for its deepwater pre-salt developments still command a great deal of head scratching, said Dougl
