Statoil has exercised a two-year contract option with Aker Solutions for provision of mechanical wireline services on Statoil operated fields and mobile drilling units on the Norwegian continental shelf. The initial three-year contract period started in 2009. Statoil has now exercised the first of t
When Glitne came on stream in 2001, the intention was for it to produce for 26 months. Twelve years later its final drops of oil are being extracted and it has now been decided to close the field. Glitne is the story of how important various measures are for extending the lifetime of a field [&helli
Last month Hydrex diver/technician teams carried out underwater stern tube seal repairs on a 242-meter container vessel close to the company’s headquarters in Antwerp. The vessel was suffering from an oil leak, making a fast repair necessary. Using one of the company’s flexible mobdocks the team was
Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 109 million, including a net positive effect of NOK 42 million from the sale of EPC Center in Houston. Excluding the effect from the sale, the EBITDA margin was 2.8 percent in the quarter. The order backlog amounte
Total announces adjusted net income of 3,348 M€ in the third quarter 2012 compared to 2,801 M€ in the third quarter 2011, an increase of 20%. Expressed in dollars, adjusted net income increased by 6%. Highlights since the beginning of the third quarter 2012 were the following: • Start-up of the Atla
Recently Hydrex teams carried out a wide range of underwater propeller operations on tankers around the world. Among them a spinner cone (Propeller Boss Cap Fin –PBCF) replacement on a 110-meter vessel in Singapore, a propeller blade straightening on a 248-meter ship in Algeciras, Spain, and a blade
Nexans, a worldwide expert in the cable industry, has been awarded one of two lots of a contract for the supply and installation of a power cable for the high-voltage direct current (HVDC) link between Italy and Montenegro. It represents a value of approximately 300 Million Euros. The public tender
Further to the Company’s release on 11 June 2012, the Board of Thalassa announced the successful completion by WGP Survey Ltd (“WGPS”) of the seismic data acquisition survey on the Norwegian Continental Shelf for Spring Energy Norway AS (“Spring Energy”). The completion of the Contract, which compri
Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a new contract worth approximately €400 million, in relation to the “MON.ITA.” project for a new submarine power link between Montenegro and Italy, following the public tender issued by Terna Rete Italia
Hallin Marine, a Superior Energy Services company, has completed a SURF (subsea infrastructure, umbilicals, risers and flowlines) project at the Natuna gas field in the Greater Sarawak Basin. Valued at approximately US$ 3 million, the project centred on the deployment of Hallin’s DP2 SOV Ullswater t
The first phase of offshore construction at DONG Energy’s Gunfleet Sands Demonstration Project is now complete following installation of the two monopiles and transition pieces. Work on connecting the offshore and onshore elements of the project has now also reached the halfway point. Marking an imp
Independent, international energy consultancy Xodus Group has been retained by MeyGen Ltd to provide further environmental support for a major tidal project in the Pentland Firth, Scotland. The initial contract for Phase 1 of the project, was awarded in March 2011 and is now valued at more than £450
GE Oil & Gas announced that it has received a £102 million (US$165 million) contract to supply production equipment to Chevron’s Lianzi project, situated offshore between Angola and the Republic of Congo. GE will provide a range of technologies to enable EPC (engineering, procurement and constructio
BP announced its financial results for the third quarter of 2012, reporting underlying replacement cost profit, adjusted for non-operating items and fair value accounting effects, of $5.2 billion. It also announced an increase in its quarterly dividend to 9c per share – an increase of 12.5 per cent
