Dolphin Group ASA, an asset light supplier of marine geophysical services, announced third quarter 2012 results with revenues of USD 61.2 million, compared to USD 43.0 million in Q3 2011. Highlights for the quarter are following: – EBITDA of USD 28.9 million (47,2%), improved from USD 9.1 million in
The National Renewable Energy Centre, Narec, has completed the installation of an offshore research and anemometry platform, three nautical miles off the coast of Blyth, Northumberland, next to the nearest shore array of the proposed 100MW capacity Blyth Offshore Wind Demonstration Site. The platfor
Shell today signed an agreement for the acquisition of Murphy Schiehallion Limited 5.9% stake in the Schiehallion field located in blocks 204 and 205, approximately 175 kilometres west of the Shetland Islands. The additional equity in the Schiehallion field brings Shell’s stake to 55% and offers She
Geospace Technologies Corporation has received and signed a Letter of Award from Statoil awarding Geospace Engineering Resources International the contract to provide 660 kilometers of seabed seismic reservoir monitoring systems for the Snorre and Grane fields on the Norwegian continental shelf. The
Offshore handling systems specialist, Caley Ocean Systems, has been awarded a contract to supply leading dredging and marine engineering company, Jan de Nul NV, with a 5,400Te capacity cable turntable for the MPV Willem De Vlamingh. Mid 2013, Jan de Nul is installing 245kV export cable connecting th
Antrim announced that production of oil has commenced from the Causeway Field in UKCS Block 211/23d (Antrim working interest 35.5%). Commissioning of the Causeway field has now commenced with gross production rates of around 4,500 barrels of oil per day on a 53% choke. Initial production rates are c
Deep Down, Inc., an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, reported net income of $970 thousand for the third quarter of 2012, an improvement of $364 thousand over the same period in 2011. OPERATING RESULTS For the
Antrim today announced a Heads of Terms agreement has been signed with Hummingbird Production Limited, a subsidiary of Teekay Corporation, for an option to lease the “Hummingbird Spirit” Floating Production, Storage and Offloading vessel (“FPSO”) for the development of the Fyne Field in UKCS Central
Cloud, connectivity and hosting provider, Pulsant, is supporting Pelamis Wave Power by helping to manage, backup and store data vital to the development of its world-leading wave energy technology. With operations in Edinburgh and Orkney supporting two Pelamis wave machines being demonstrated at the
Nautilus Minerals Inc. announces it has decided to preserve its cash position by terminating the construction of the equipment for its Seafloor Production System. Nautilus announced on June 1, 2012 that it was in dispute with the Independent State of Papua New Guinea as to the parties’ obligations t
JDR, a leading provider of technology connecting the global offshore energy industry, has won a umbilical contract with Swiber Offshore Construction Pte Ltd for deployment in the Brunei Shell Petroleum Champion Field. Brunei Shell Petroleum, one of Asia’s biggest energy companies, will use JDR’s umb
SURVEY ship HMS Protector has visited the remote island of Tristan da Cunha to conduct the first systematic survey of the British Overseas Territory since the 1970s. The only survey to have been taken using modern techniques, the Portsmouth-based ship used her motorboat, James Caird IV, and onboard
Highly sophisticated computer models of the turbidity from material disturbed during extraction of rock phosphate nodules by Chatham Rock Phosphate have shown encouraging results. The modelling work is being undertaken by Dutch applied research organisation Deltares using complex modelling technique
OceanWorks International has again been authorized by the U.S. Navy’s Naval Sea Systems Command (NAVSEA) Note 5000 to perform Deep Submergence Systems Scope of Certification (DSS SOC) work in support of designated submarine rescue and intervention systems. The authorization is a renewal of the exist
