The, ,dream of faster, more affordable and reliable broadband telecommunications to Canada’s North will move one step closer to reality in mid-August as Arctic Fibre Inc. begins its physical landing site surveys at seven locations across Nunavut and one site in Northern Quebec. Starting August 19th
Forum Energy Technologies, Inc. announced second quarter 2013 revenue of $368 million compared to $374 million for the second quarter 2012. Net income for the second quarter 2013 was $30 million or $0.32 per diluted share, including charges of $3 million before tax or $0.02 per diluted share for tra
The Bureau of Safety and Environmental Enforcement (BSEE), U.S. Coast Guard, and Walter Oil & Gas Corporation (Walter) have stood up a Unified Command to continue overseeing and coordinating response efforts to secure the South Timbalier 220 natural gas well, following the loss of well control Tuesd
Cameron reported earnings per share for the second quarter of 2013 of $0.79, excluding charges. After-tax charges for the second quarter of 2013 were $0.22 per share, including the following unusual items: · Tax consequences related to the formation of OneSubsea $ 0.10 · Other costs, primarily relat
Royal Navy survey ship HMS Echo, in a remarkable ten-day search for hidden dangers to mariners, found one of nearly 20 wrecks and objects peppering the seabed off Libya lying some 160ft beneath the surface of the Mediterranean. The Devonport-based ship was the first Royal Navy vessel into Libya afte
ABB reported higher revenues and earnings in the second quarter of 2013 despite challenging global markets. “We continue to see the positive impact on our results from our balanced geographic and business portfolio,” said ABB Chief Executive Officer Joe Hogan. “We grew orders in a number of key sect
Providence Resources P.l.c., (“Providence”) the Irish oil and gas exploration and development company, whose shares are quoted in London (AIM) and Dublin (ESM), provides an update on the Barryroe oil field (“Barryroe”) in the North Celtic Sea Basin, offshore Ireland. Providence (80%) operates Barryr
Petroleum Geo-Services ASA announces second quarter and first half 2013 results with the following highlights: – Revenues of $381.7 million, compared to $404.8 million in Q2 2012 – EBIT of $110.6 million, up 28% from Q2 2012 – Group EBIT margin of 29%, up from 21% in Q2 2012 – EBITDA of $209.6 milli
Petrobras announces it has completed the drilling and formation test of the fourth exploratory well at Iara area, block BM-S-11, in the Santos Basin pre-salt. The results of this well 3-RJS-706 (3-BRSA-1132-RJS) have strengthened the potential of recoverable light oil from Iara and have confirmed th
On July 23, 2013, Technip’s Board of Directors approved the second quarter and first half 2013 consolidated accounts. Thierry Pilenko, Chairman and CEO, commented: “Technip’s second quarter results enable us to maintain our 2013 full year revenue and profit objectives. In Subsea, progress and close-
Oceaneering International, Inc. reported record quarterly earnings for the second quarter ended June 30, 2013. On revenue of $820.4 million, Oceaneering generated net income of $98.8 million, or $0.91 per share. During the corresponding period in 2012, Oceaneering reported revenue of $672.5 million
The Bureau of Safety and Environmental Enforcement (BSEE) and the U.S. Coast Guard are continuing to oversee Walter Oil & Gas Corporation’s response efforts to secure the natural gas well and extinguish the subsequent fire that started after the operator’s loss of well control Tuesday. Both BSEE and
Statoil’s second quarter 2013 net operating income was NOK 34.3 billion. Adjusted earnings were NOK 38.0 billion. “Statoil delivered an operationally solid quarter. We produced as planned, delivering record production from our portfolio outside Norway. We are on track and maintain our guidance for 2
Leading UK marine consultancy ABPmer has been commissioned by Guernsey Electricity Limited to undertake the environmental scoping studies in support of future submarine power cable projects. The company is seeking to install two submarine power cables between Guernsey and Jersey and Guernsey and Fra
