Viper Subsea has seen revenues rise by 60% in the last financial year and is expecting similar or greater increase in this financial year as the innovative Bristol based company continues to enjoy rapid year-on-year growth. Established in 2007 with a remit to provide the subsea oil and gas market wi
Oceaneering International, Inc. reported record first quarter earnings for the period ended March 31, 2013. On revenue of $718.6 million, Oceaneering generated net income of $74.8 million, or $0.69 per share. During the corresponding period in 2012, Oceaneering reported revenue of $594.9 million and
As revealed at Ocean Business, Osiris Projects have recently upgraded their geophysical data acquisition suite to include the latest DA4G platform from CodaOctopus, as well as signing up for their new Survey Engine™ Sidescan+™ software. Operations Manager for Osiris Projects, Iain Bones, said: “Havi
FMC Technologies, Inc. reported first quarter 2013 revenue of $1.6 billion, up 18 percent from the prior-year quarter. Diluted earnings per share were $0.43 compared to $0.41 in the prior-year quarter. Total inbound orders were $1.8 billion and included $1.2 billion in Subsea Technologies’ orders. B
Halliburton announced the successful completion of three wells in the Deep Water Gulf of Mexico utilizing Halliburton’s Enhanced Single-Trip Multizone (ESTMZ™) FracPac™ System. ESTMZ™ downhole tool system enables the operator to stimulate and gravel pack multiple production zones in a single trip. D
Dana Gas, the Middle East’s leading regional private sector natural gas company, has announced it was a successful bidder in the Egyptian Natural Gas Holding Company 2012 International Bid Round that took place on 18th April 2013. The Company was awarded 100% working interest in the North El Arish O
Chevron Corporation today announced further drilling success by its Australian subsidiary in the Exmouth Plateau area, located in the Carnarvon Basin. The Elfin-1 exploration discovery well encountered approximately 132 feet (40 meters) of net gas pay in the upper Mungaroo sands. It is Chevron’s 21s
The work for the network connection of the second German offshore wind farm in the Baltic Sea, the EnBW Baltic 2, is in progress. The vessel Aura rinsed the first submarine cable section into the Baltic ground, on Saturday, 20 April 2013, for the connection of Baltic 2. A total of sixty kilometers o
Intertek Energy & Water consultancy services (formerly Metoc), is undertaking specialist studies for Tidal Lagoon Swansea Bay Ltd, to assess the potential impact of a tidal lagoon on marine water quality. Intertek is the leading quality solutions provider to industries worldwide. The Swansea Bay pro
Vestas has signed a 10-year extension of the service contract for Eneco’s wind power plant Prinses Amaliawindpark (PAWP) in the Netherlands. The contract has a total capacity of 120 MW comprising 60 units of the V80-2.0 MW wind turbine. The contract is a 10-year service agreement extension with Vest
Providence Resources P.l.c., (“Providence”) the Irish oil and gas exploration and appraisal company, confirms that drilling activities have now commenced on the 44/23-1 Dunquin exploration prospect in Frontier Exploration Licence (FEL) 3/04, off the west coast of Ireland. ExxonMobil Exploration and
Keppel Corporation Limited (Keppel Corporation) has today announced the formation of Ocean Mineral Singapore Pte. Ltd. (OMS), which intends to explore for polymetallic nodules several kilometres beneath the ocean’s surface. Polymetallic nodules contain copper, nickel, cobalt and manganese, as well a
CNOOC Limited announced that Weizhou 6-12 oil field has recently commenced production. Weizhou 6-12 oil field is located in Beibu Gulf Basin in the north part of the South China Sea with an average water depth of about 29.2 meters. The project has 10 producing wells and is expected to hit its peak p
Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a new contract worth approximately 85 million euro by REE (Red Eléctrica de España, S.A.U.), the Transmission System Operator of the Spanish electricity system, for the second circuit of the interconnecti
