Fuglesangs AS announced that it has initiated to spin-off its subsea pump business into a newly formed entity to be called Fuglesangs Subsea AS. The spin-off is being effected to allow Fuglesangs Subsea to increase its focus on the rapidly growing subsea pumping and processing markets. Following the
Sea Fibre Networks (SFN), owner and operator of Europe’s most advanced sub-sea telecoms network, CeltixConnect, announced an expansion of their C-Fibre portfolio from the greater Dublin area to Paris, via London. Demand for high capacity bandwidth and low latency solutions connecting Paris is largel
Fairfield Energy, the North Sea-focused independent oil and gas company, announces the start of a 400km² Broadband 3D seismic survey over their recently awarded 27th Round Licence P2089 Block 43/28. The survey will be acquired by Polarcus and will fulfil the firm commitment work programme on the lic
Aker Solutions has decided to disclose preliminary information on its performance in the first three months of 2013 as the results considerably lag current consensus market estimates. Aker Solutions expects to report revenue of NOK 11.1 billion and earnings before interest, tax, depreciation and amo
Osiris Projects had a successful and busy week at Ocean Business, where over 300 companies from 27 countries exhibited, and over 4000 visitors from 65 countries attended over the 3 days, an increase of 29% on 2011 figures. The 173 workshops held during the week were hugely popular with 2256 bookings
Chevron Corporation reported earnings of $6.2 billion ($3.18 per share – diluted) for the first quarter 2013, compared with $6.5 billion ($3.27 per share – diluted) in the 2012 first quarter. Sales and other operating revenues in the first quarter 2013 were $54 billion, down from $59 billion in the
The largest indoor test facility ever before dedicated to the development of unmanned underwater vehicles has been opened by Saab Seaeye. Located in Linköping, Sweden, the test tank will allow new underwater systems technology to be trialled and tested in a controlled environment rather than in a la
The Gazprom Management Committee took note of the progress with the Program for hydrocarbon resources exploitation on the Russian Federation shelf until 2030. It was mentioned that the Russian continental shelf was a region of the Company’s strategic interest. A large hydrocarbon production center w
Study areas for the six Danish sites designated for offshore wind farms are now established and Energinet.dk is ready to initiate feasibility studies and environmental impact assessments (EIA) for offshore wind farms, landfall cables and facilities for connection to the mainland. The six areas inclu
Superior Energy Services, Inc. announced net income of $63.7 million, or $0.40 per diluted share, on revenue of $1,135.5 million for the first quarter of 2013. These results compare with the first quarter of 2012 net income from continuing operations of $70.2 million, or $0.55 per diluted share, and
Noble Energy, Inc. announced first quarter 2013 net income of $261 million, or $1.45 per share diluted, and net income from continuing operations of $232 million, or $1.28 per share diluted. Excluding the impact of unrealized commodity derivatives losses and certain other items, first quarter 2013 a
Forum Energy Technologies, Inc. announced first quarter 2013 revenue of $373 million compared to $363 million for the first quarter 2012. Net income for the first quarter 2013 was $32 million, down from the first quarter 2012 net income of $42 million. Diluted earnings per share for the first quarte
Scotland’s longest commercial deep-water berth has been created in Orkney with the completion of a new extension at Hatston Pier. The 160-metre extension to the existing 225-metre pier will be officially opened next week by Neil Kermode, Managing Director of EMEC, the Orkney-based European Marine En
Marine Minerals Ltd – the Cornish company aiming to recover tin waste from the seabed off the coast of North Cornwall – announced that its detailed environmental research work has begun. The half a million pound (£500,000) year-long study will look into a range of issues to help ensure the project m
