Oceana, the international marine conservation organization, blasts the Spanish ministry of Energy, Industry and Tourism for providing permits to UK-based “Capricorn Spain Limited” for seismic testing, which has been shown to harm fisheries – in some cases cutting catches by as much as half[i] – and
The UK government’s Department of Energy and Climate Change (DECC) today announced their approval of the Field Development Plan (FDP) put forward by Statoil and its co-venturers for the Mariner heavy oil field. The project entails investments of more than USD 7 billion and is the largest new offshor
Ciena® Corporation, the network specialist, announced that Global Caribbean Fiber (GCF), the main provider of network services across the Eastern Caribbean, has selected Ciena to upgrade its Antilles Crossing submarine network that connects St. Croix, St. Lucia and Barbados. With Ciena’s 6500 Packet
Forum Energy Technologies, Inc. reported fourth quarter 2012 revenue of $330 million compared to $337 million for the fourth quarter 2011. Net income for the fourth quarter 2012 was $24 million, down from fourth quarter 2011 net income of $32 million. Diluted earnings per share for the fourth quarte
In December, Det norske oljeselskap ASA submitted Plan for Development and Operation (PDO) of the Ivar Aasen field, in accordance with the Company’s plan. The main contracts for the development are now in place. AGR has performed an independent certification of the Company’s reserves and most import
Aker Solutions reported revenues of NOK 12.0 billion and earnings before interest, tax, depreciation and amortisation of NOK 1.2 billion in the fourth quarter of 2012. Based on the preliminary annual results, which show revenues of NOK 44.9 billion and EBITDA of NOK 4.7 billion, the Board of Directo
SeaBird Exploration Plc (“SeaBird”) announced that the Osprey Explorer has been awarded a contract with estimated duration of about 30 days in West Africa. Estimated contract value is approximately USD 2.6 million. Commencement is within the next days. Osprey Explorer is currently in Las Palmas. Sea
The Department of Transport, Tourism and Sport has been advised that Shell E&P Ireland Limited is scheduled to recommence a 3D seismic survey off the west coast of Ireland, over the Corrib Field. Approximately 40% of the survey was completed in 2012. The planned start of the survey is 20th February
Petroleum Geo-Services (PGS), a leading provider of seismic services to the market announced fourth quarter and preliminary full year 2012 results. Highlights 2012 – Revenues of $1,518.3 million, up 21% from 2011 – EBITDA of $776.2 million, up 45% from 2011 – EBIT of $293.8 million, up 112% from 201
Endeavour International Corporation announced a drilling update on the East Rochelle well (15/27-E1y) in the U.K. Central North Sea. Following a severe storm lasting several days, the Company performed a routine inspection of the conductor, well head and blow out preventer systems using a Remote Ope
It is anticipated that this weekend (16/17th Feb) will see the start of the next stage of marine survey work to be carried out by Marine Minerals Ltd – the Cornish company investigating opportunities for the recovery of waste tin from the seabed in an environmentally practical way. The next step in
Oceaneering International, Inc. reported record fourth quarter and annual earnings for the periods ended December 31, 2012. For the fourth quarter of 2012, Oceaneering earned net income of $80.6 million, or $0.74 per share, on revenue of $780.9 million. During the corresponding period in 2011, net i
Rosneft and ExxonMobil have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include an additional approximately 600,000 square kilometers (150 million acres) of exploration acreage in the Russian Arctic and potential participation by Rosneft (or its affiliate)
North East Lincolnshire Council has approved a Local Development Order (LDO) for a 3.6 hectare part of the Enterprise Zone on Grimsby Docks, which is set to attract companies involved in renewable energy development. The LDO will simplify the planning process, thus enabling easier acquirement of pla
