Endeavour International Corporation reported fourth quarter 2011 net income (loss), as adjusted of $(5.8) million compared to $81.1 million for 2010, when it reported an $87 million gain on the sale of its North Sea asset Cygnus. On a GAAP basis, net loss for the fourth quarter of 2011 was $44.6 mil
Trinidad and Tobago’s Ministry of Energy and Energy Affairs (MEEA) has announced that the 2012 Deep Water Competitive Bid Round is tentatively set to open on the 29th of March. Leading up to the opening of the round, the MEEA will participate in road shows 21st – 24th of February at NAPE 2012 in Hou
Technip was awarded two subsea contracts under the Diving Frame Contract with Statoil, for the Åsgard and Gudrun & Valemon projects. The total value of the contracts is around €45 million. The Åsgard contract includes deep water testing of the PRS remote hot-tap equipment, preparations works, instal
Royal Netherlands Navy Locate Two Drowning Victims with VideoRay ROVs within Two Months of the Systems Being Delivered On January 10, 2012 VideoRay LLC of Phoenixville, PA, along with Dutch partner Nautikaris BV of Ijmuiden, Netherlands, completed the site acceptance test of four VideoRay Pro 4 subm
Polarcus Limited announces that the Company has received a Letter of Intent from an undisclosed client for a 3D seismic acquisition project offshore NW Europe. The program will commence imminently and is expected to run for approximately 75 days. About Polarcus Polarcus is a pure play marine geophys
MEO Australia Limited advises that the S/R Veritas Viking II completed acquisition of the Floyd 3D seismic survey in WA-454-P in the Joseph Bonaparte Gulf region of the Timor Sea (Petrel sub-basin). A total of 601 km2 of full fold data was recorded. The survey will now be processed and is expected t
EMAS AMC, the subsea division of Ezra Holdings Limited announces that it has been awarded a contract by Apache Energy Limited to perform subsea transport and installation work for the Coniston Field Development located in Northwest Australia. The base scope for the contract works is currently approx
Nord Stream AG won the inaugural “Pipeline Project of the Year” award at the 2012 European Gas Conference. The award, which was presented by The Energy Exchange in conjunction with Natural Gas Europe, recognises Nord Stream’s achievement in starting to make its contribution to energy security in the
Technip, in partnership with DSME, was awarded by DONG E&P and BAYERNGAS, a contract for the HEJRE project development, offshore Denmark, at a water depth of 70 meters. This contract covers engineering, procurement, fabrication, hook-up, and commissioning assistance for a fixed wellhead and process
Saint Petersburg hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Christophe de Margerie, Chairman of the Board of Directors and CEO of Total. The meeting discussed the main issues of Phase 1 implementation at the Shtokman field and, inter alia, the sc
A proposed scheme, according to which a major power cable would be built under the Adriatic Sea, will obtain essential backing from the European Bank for Reconstruction & Development (EBRD), reports UTILITYWEEK. The transmission line would be built between Italy and Montenegro, thus it would account
Dril-Quip, Inc.announced net income of $28.1 million, or $0.70 per diluted share for the three months ended December 31, 2011, versus net income of $20.9 million, or $0.52 per diluted share for the fourth quarter of 2010. Total revenues were $171.6 million during the quarter ended December 31, 2011
Statoil together with operator Repsol Sinopec and partner Petrobras has confirmed a high-impact discovery (*) in the Pão de Açúcar prospect offshore Brazil. The partnership announced today that it has made a high impact discovery in the Pão de Açúcar prospect located in the BM-C-33 block in the Camp
DONG Energy and Bayerngas have decided to develop the Hejre field in the Danish North Sea. DONG Energy is the operator and has a 60 per cent stake in the field. Bayerngas owns 40 per cent. The total investment in the development of the Hejre field is DKK 12.1 billion. DONG Energy’s share is DKK [&he
