On the threshold of Gazprom’s annual General Shareholders Meeting the Company’s headquarters hosted the Press Conference “Mineral and Raw Material Base Development. Gas Production. Gas Transmission System Development”. Taking part in the Press Conference were Vitaly Markelov, Deputy Chairman of the
Statoil has reported that the upgrading of the Oseberg B drilling facilities has been completed, and drilling from the new plant starts in June. Statoil is upgrading the drilling facilities on several installations in order to increase the fields’ value creation and productive life. Efforts to allow
Green Marine Solutions (GMS) has issued a high-tech maintenance and safe guano removal in a single efficient package. Long-term and, in some cases, permanent solutions are available. As part of an integrated efficiency-improvement package designed to take the strain out of operational maintenance, G
Dolphin Group ASA, a parent company of Dolphin Geophysical AS, and a global full-range, asset light supplier of marine geophysical services announced revenues of USD 80.2 million for the Q1 2014, compared to USD 69.1 million in Q1 2013. Quarterly highlights include: – EBITDA of USD 22.7 million (28,
The installation of the shallow water section of the Western HVDC Link Project in the Liverpool Bay has been postponed. The work was planned to begin early May using the Atalanti cable lay barge and support tug Artemis. Western HVDC Link will comprise converter stations in England and Scotland, link
Norwegian Energy Company ASA (Noreco) has reported that production from the Huntington field in the UK resumed on 11 May, 2014. Production has been interrupted since 12 April, initially for replacement of couplings in the inert gas system on the floating production and storage unit, and then again f
Kvaerner delivered a strong positive development in the financial results compared to one year ago. Operating revenues for the first quarter 2014 were NOK 3 489 million, which is an increase of 31 percent compared to NOK 2 663 million in first quarter in 2013. The EBITDA was NOK 170 million, an impr
Ithaca Energy Inc. published its financial results for the three months ended March 31 2014. Financial Results – Cashflow from operations of $43.7 million (Q1 2013: $34.8 million), resulting in cashflow per share of $0.13 (Q1 2013: $0.13); – Profit after tax increased by approximately 370% in Q1 201
Technip was awarded by Marathon Oil Norge a contract for the extension of subsea infrastructure on the Alvheim field, located on the Norwegian Continental Shelf. The scope of work includes installation engineering, procurement, fabrication, installation and tie-in of spools and protection covers as
DNV GL, the world’s leading ship and offshore classification society and one of the world’s leading technical risk service providers, has acquired Marine Cybernetics, the leading company for third-party testing of computer control systems. The acquisition expands DNV GL’s scope of services in the of
Alcatel-Lucent has completed an upgrade of the Apollo undersea cable system which links the UK and France to the United States. This multiple 100 gigabit per second (Gbit/s) upgrade enhances the system’s capacity in support of the continued global explosion of data traffic and increased demand for c
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, informed that drilling has reached target depth on the Centrica-operated Butch East exploration well 8/10-5S and a subseq
Lundin Norway AS, operator of production licence 338, is about to complete drilling of appraisal well 16/1-18 on the Edvard Grieg oil field in the central part of the North Sea. The field was proven in Cretaceous, Jurassic and Triassic reservoir rocks in the autumn of 2007. Appraisal well 16/1-18 wa
The first of the ‘second generation’ of Carbon Fibre SWATHs from Danish Yachts is nearing completion and will be soon placed into the water for initial sea trials. The fifth SWATH (four SWATHs were delivered in 2013), designed and built by Danish Yachts, has been further enhanced and developed in or
