Statoil announced fourth quarter and preliminary 2013 results with fourth quarter 2013 net operating income of NOK 43.9 billion. In 2013, net operating income was NOK 155.5 billion. At the Capital Markets Update, Statoil presents its plan for reduced capital expenditure by more than USD 5 billion fr
Fastnet Oil & Gas Plc (“Fastnet” or the “Company”) the E&P company focused on near term exploration acreage in Africa and the Celtic Sea announces that it has been notified by the Irish Department of Communications, Energy and Natural Resources (the “Department”) that Licensing Option 12/3 (“Mizzen”
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Alexander Khoroshavin, Governor of the Sakhalin Region. The meeting noted a significant amount of Gazprom’s investments in the Sakhalin Region –the Company’s capital investment
Carnegie Wave Energy Limited announces two successful UK funding applications to support technology development and environmentally sustainable development of commercial CETO projects. Carnegie recently won EU funding from the MARINETs Transnational Access initiative to support wave tank testing and
Electromagnetic Geoservices ASA’s (EMGS) reported revenues of USD 44.9 million in the fourth quarter 2013, up from USD 23.6 million in the previous quarter and in line with the USD 45.0 million reported for the fourth quarter of 2012. Contract sales totaled USD 40.1 million, while multi-client sales
WaveRoller, the breakthrough wave energy device created by the leading wave energy developer, AW-Energy, has received independent performance verification, taking the wave power industry one step closer to commercialization. WaveRoller received its validation after operating in fully exposed ocean e
A remote control boat equipped with a SonTek M9 Acoustic Doppler Profiler (ADP®) has been employed with HydroSurveyor software to create a 3-dimensional map of a damaged (and still submerged) flood barrier, following serious damage that took place during last December’s storms. Data from the survey
The second phase of testing of Enel Green Power’s R115, the first machine in the world that produces electricity from sea waves, has begun. The machine, which has been developed by 40 South Energy, will leave once again from the port of Livorno, this time completely assembled, to be tested offshore
A&P Falmouth has been awarded a landmark contract by leading wave energy firm Seatricity to build a wave energy device to be deployed at Wave Hub, the offshore renewable energy test facility. The company, which has a growing reputation in the marine renewable energy sector, will manufacture, fabrica
Serdijn Ship Repair and Zwagerman Offshore Services have established a joint company under the name Rotterdam Offshore Group (ROG). The ideas and activities of Serdijn and Zwagerman are complementary, so a complete portfolio can be offered to clients. Existing markets and new market segments will be
On Thursday, 28th of January, the oil tanker Siri Knutsen was connected via pipelines to three of the Siri area’s four oil fields. Thus, E&P is again able to produce from the Siri area, and yesterday Nini East delivered the first oil drops. The fields in the Siri area have not been in operation sinc
GE Oil & Gas has invested £4m into its subsea manufacturing facility in Aberdeen, Scotland, leading to the creation of 20 new jobs across 2014. This follows the recruitment of 30 new employees at the site last year, with the investment also expected to contribute to an increase in output, allowing t
Norway’s power supply network will get a crucial boost in reliability and capacity with the installation of Nexans’ state-of-the-art submarine cables as part of a major new connection for the utility BKK Nett AS. The new 420 kV connection between Mongstad and Kollsnes will cross two fjords – Hjeltef
Baker Consultants’ marine acoustics team has won a contract to provide a noise and marine mammal monitoring service during the construction phase of the Borkum Riffgrund 1 offshore wind farm. The construction work for the 77 turbine DONG Energy project was won by GeoSea which is using the vessel Pac
