Providence Resources P.l.c., the Irish oil and gas exploration and production company, whose shares are quoted in London (AIM) and Dublin (ESM), provides a technical update on the Barryroe oil discovery in the North Celtic Sea Basin, offshore Ireland. Providence (80%) operates Barryroe on behalf of
Revenues continue to rise in the first quarter of 2012 in a market showing significant improvement; 18.0% rise compared with the 1st quarter of 2011 and +1.8% rise compared with the 4th quarter of 2011. “BOURBON is reaping the benefits of a booming market in the offshore oil & gas marine services, e
TGS has commenced acquisition of a 3D multi-client survey covering 3,210 km2 in the Erlend Basin on the UK Continental Shelf, West of Shetlands. This is the first multi-client 3D survey in the Erlend Basin and builds on the improved imaging shown by the reprocessed TGS North Sea Renaissance 2D data.
Transocean Barents anchored up at the Jette field Friday May 4th, and has begun the first phase of drilling. The first operation will be a observation well at Jette north. Drilling of the two planned production wells will be next. Transocean Barents will remain at the Jette Field until August . The
Since 2009, Marine Scotland Science (MSS) has dedicated cruise time from its survey vessels, the MRV Scotia and the MRV Alba Na Mara to survey areas of interest to Scotland’s emerging marine renewables industry. This work has included covering areas under development for Pelamis projects in the wate
Installation of the first offshore components at Gwynt y Môr, one of the largest offshore wind farms in Europe, has begun off the north Wales coast. Work to install two steel jacket foundation structures was started from the Seaway Heavy Lifting crane vessel ‘Stanislav Yudin’, and is continuing appr
Ocean Installer was in April awarded a contract for EPCI (Engineering, Procurement, Construction, Installation) services in the context of A/S Norske Shell’s further development of the Draugen field. In the process of securing subcontractors, Ocean Installer has now contracted EAB (EAB Engineering)
In the afternoon of the 21st of November of 2011, the dredger Helle Saj travelling through a dense fog, collided with her sister ship Tonne, just 400 meters off the harbour entrance of Thorsminde and sank. Although the ship was lost, fortunately there were no casualties. Koole Maritiem, just complet
Aker Solutions’ operating revenues in the first quarter of 2012 were NOK 9.8 billion, a 15.7 per cent increase from the first quarter of 2011. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 1 002 million with a margin of 10.2 per cent. The positive trend has co
Reef Subsea AS announced that they have been awarded a contract with Talisman Energy (UK) Ltd for the provision of two maintenance support vessels. Reef Subsea’s newly delivered vessels, Reef Despina and Reef Larissa, will fulfil the contract for Talisman, which involves supporting the company’s Bro
Kvaerner is preparing for a significant growth in its home market and invests approximately NOK 250 million in upgrades of its facilities at Stord. The major investments will be increased lifting and trailing capacity, including a new Goliath gantry crane. “We have won some major contracts and are p
Petroleum Geo-Services ASA (PGS) has announced results for first quarter of 2012 with the following highlights: – Revenues of $365.0 million, up 51% from Q1 2011 – EBITDA of $145.7 million, up 100% from Q1 2011 – EBIT of $35.8 million, up $33.3 million from Q1 2011 – Total MultiClient revenues of $1
Statoil’s first quarter 2012 net operating income was NOK 57.9 billion, a 14% increase compared to NOK 50.8 billion in the first quarter of 2011. “Statoil grew production by 11% and realised high oil and gas prices in the first quarter of 2012, generating strong financial results for the period. Pro
An important advancement in stopping the leak on the G4 well on the Elgin complex was made on 4 May when the semi-submersible drilling rig, the West Phoenix, moved within the current exclusion zone ready to position itself directly alongside the complex. This dynamically positioned rig will be the m
