Statoil’s first quarter 2014 net operating income was NOK 51.4 billion, a 35% increase compared to the first quarter of 2013. Adjusted earnings were up 9% to NOK 46.0 billion. “We are pleased to present strong financial results for the quarter. Higher prices and good results from our US gas value ch
RWE Innogy UK has successfully completed the installation of all 160 foundations at the world’s second largest wind farm, Gwynt y Môr. The final transition piece was installed on Wednesday 23rd April more than eight miles off the North Wales coast by RWE’s jack up installation vessel, Friedrich Erne
Hurricane Energy plc, the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announced that the Lancaster horizontal appraisal well was spudded on 26 April 2014. The Company is using the Transocean Sedco 712 semi-submersible drilling rig for the
The first of the 19 sponsons to be installed on the Costa Concordia before the refloating phase has arrived this morning in Giglio Island on board pontoon Mak. It’s the S13, that will be positioned on the starboard side. The sponson weights 810 tons and is 33.5 meters of width for 11.5 in height, wi
Cabling specialist VSMC, a joint VolkerWessels and Boskalis company has been awarded a contract by EPC contractor Van Oord Offshore Wind Projects bv to install and bury a 25km long export cable for the Eneco Luchterduinen Offshore Wind Farm. The Eneco Luchterduinen Offshore Wind Farm, to be built by
Oceanteam Shipping ASA, an offshore shipping company, has released its annual report 2013. Haico Halbesma, Chief Executive Officer of Oceanteam Shipping ASA, stated in his letter: “2013 was a year of consolidation and operational focus for Oceanteam Shipping ASA. In addition, new opportunities were
The installation of the HelWin beta jacket in the German Sector of North Sea is nearing completion, Heerema Fabrication Group informed. All 6 piles of the jacket have been driven into the seabed. The welding of the piles to the jacket and levelling of the piles is due to commence soon. The jacket is
Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a new contract worth in total approximately €40 million ($55 mil) by ESB (Ireland), for the “Shannon River Crossing” project to provide electricity between Kilpaddoge and Moneypoint across the opposite ba
The DEA is opening the 7th Licensing Round for interested oil and gas companies, who are invited to submit applications to the DEA for new North Sea oil and gas licences. The application period ends on 20 October 2014. The areas offered for licensing are located in the Central Graben, where the majo
Technip’s Board of Directors approved the first quarter 2014 consolidated financial statements. Revenue increased by 23% year-on-year, to $3.46 billion (+10% in Subsea and +34% in Onshore/Offshore). The Group’s backlog at the end of the first quarter is stable compared to the end of 2013 taking into
GE’s Power Conversion business has signed a framework agreement with EDF EN to provide support services for the converters used in EDF EN’s wind parks throughout Europe. The service contract will enable the staff of EDF EN Services, EDF Energies Nouvelles’ subsidiary dedicated to the operation and m
TGS begins new 2D and 3D multi-client projects in the Norwegian Barents Sea. Both surveys will provide customers with high quality data prior to the closing of the 23rd Norwegian Licensing round. The HFCE14 is a 3,100 km2 3D multi-client survey, extending TGS’ existing multi-year 3D Hoop coverage to
Atkins has won an engineering support contract covering three of Maersk Oil’s UK assets in the North Sea. The Gryphon FPSO, Global Producer III FPSO and Janice FPU are planned for major offshore inspection, repair and maintenance (IRM) works this year, in addition to field expansion works. Maersk ha
Reef Subsea has announced a re-organization to create three independent companies: Reef Subsea, X-Subsea and Technocean Subsea, all with separate management and independent strategies. The existing senior management will continue to lead the three new entities, delivering consistent expertise in the
