Statoil has now completed the agreement with the Austrian oil and gas company OMV to divest shares in Gullfaks and Gudrun on the NCS and exit Schiehallion and Rosebank fields West of Shetlands. The transaction will enable Statoil to redeploy around USD 7 billion of capital expenditure, around USD 5.
Technip’s Board of Directors approved the third quarter 2013 consolidated accounts on October 29, 2013, Thierry Pilenko, Chairman and CEO, commented in detail on the quarter and the outlook: ‘In the third quarter, Technip’s performance was contrasted between our two activities. On the one hand, Onsh
Huisman, the specialist in lifting, drilling and subsea solutions welcomed Subsea 7’s Seven Waves at the Huisman Schiedam quayside. The vessel, built by IHC Offshore & Marine in Krimpen aan den IJssel, will be equipped with a 550mt Flex-lay system and a 400mt Offshore Mast Crane. The 550mt Flex-lay
KONGSBERG reports operating revenues in Q3 2013 of MNOK 3 448 (MNOK 3 675) and EBITDA of MNOK 518 (MNOK 646), resulting in an EBITDA margin of 15.0 per cent (17.6 per cent). Kongsberg Maritime and Kongsberg Defence Systems have higher EBITDAs than in Q3 2012, while Kongsberg Protech Systems has lowe
SeaBird Exploration PLC, a global provider of marine 2D/3D/4D seismic data, and associated products and services to the oil and gas industry reports revenues for the third quarter of $51.9 million, an increase of 14% compared to the comparable period in 2012 and up 29% relative to Q2 2013. Third qua
On Thursday, October 31, 2013 at 07.00 GMT (08.00 CET and 03.00 EDT) Royal Dutch Shell plc released its third quarter results and third quarter interim dividend announcement for 2013. Third quarter 2013 summary of unaudited results: – Royal Dutch Shell’s third quarter 2013 earnings, on a current cos
Seaway Heavy Lifting’s vessel, Stanislav Yudin, has successfully completed a record run of foundation installation works at Gwynt y Mor Offshore Wind Farm. The vessel, operating over eight miles off the North Wales coast, installed 80 monopiles and 32 transition pieces in 77 days, ensuring all 160 w
The high cliffs of Eastern Siberia – which mainly consist of permafrost – continue to erode at an ever quickening pace. This is the conclusion which scientists of the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research have reached after their evaluation of data and aerial photo
Businesses developing innovative solutions for wave, tidal and offshore wind technologies are to get extra help from the UK’s innovation agency. Speaking at the European Ocean Energy Conference in Edinburgh, Energy and Climate Change Minister Greg Barker revealed that up to £7m of support will be av
Renewable energy developer Current2Current Ltd are delighted to confirm their prototype has recently been producing electricity in the North Sea enabling the company to move ever closer to securing its future as a renewable energy production company. Generating electricity from ocean currents and ti
Eni, the international oil and gas company, announces its group results for the third quarter and nine months 2013 (unaudited). Financial highlights2 • Adjusted operating profit: €3.44 billion for the quarter (down 15.7%3); €9.1 billion for the nine months (down 35.2%3); • Adjusted net profit: €1.17
Scotland has signed an international co-operation agreement with the Basse-Normandie region in France, to develop closer working between the two geographies in the field of marine energy. Scotland is currently a global leader in the development of wave and tidal energy, which it’s estimated could be
Statoil’s third quarter 2013 net operating income was NOK 39.3 billion. Adjusted earnings were NOK 40.4 billion. “Statoil delivered strong strategic progress in the third quarter. We added high value barrels through the Bay du Nord discovery offshore Canada, the world’s largest oil discovery this ye
In a challenging seismic market, Dolphin have succeeded in securing three new 3D seismic contracts with undisclosed clients, which will improve contract visibility for the remaining part of 2013 and 2014. Two new contracts will be performed in Mediterranean waters, commencing immediately. The third
