Subsea
Nexans Reports Organic Growth in Second Quarter 2013
The Nexans Board of Directors meeting on July 24, 2013, under the chairmanship of Frédéric Vincent, approved the Group’s consolidated financial statements for the first half of 2013. Sales for the first half of 2013 came to 3.412 billion euros at current non-ferrous metal prices compared with 3.577
Granuaile to Conduct Pipeline and Jacket Survey in Celtic Sea
The Department of Transport, Tourism and Sport has been advised that the Marine Institute on behalf of Kinsale Energy Limited is scheduled to conduct a pipeline and Platform Superstructure survey in the Celtic Sea off the South Coast of Ireland between 22nd July and 30th August 2013. The survey will
UK: Tekmar Returns to Oil & Gas Market
The world’s leading cable protection company for the offshore wind industry, Tekmar Energy, has announced ambitious plans to return to the oil and gas market, whilst maintaining its leading position in offshore renewables. As part of the firm’s blueprint for growth it aims to generate £15million in
Siem WIS to Supply PCD Services to M-I Swaco
Siem WIS has entered into a contract with M-I Swaco for the supply of its pressure control device (“PCD”) services. The Siem WIS PCD services shall be used in connection with M-I Swaco’s manage pressure drilling (“MPD”) services for Statoil on the Gudrun and Valemon fields in the North Sea. The oper
Ofgem Appoints Preferred Bidder for Transmission Links to Gwynt y Môr OWF
Ofgem has appointed the Balfour Beatty Equitix Consortium as the preferred bidder to own and operate the high voltage transmission links to the Gwynt y Môr wind farm. At 576MW it is currently the second largest project to have reached this tender stage. The estimated value of the transmission assets
Enegi: 3D Seismic Data over Malvolio Prospect Acquired
Enegi, the independent Oil and Gas Company with a portfolio of assets located in the UK North Sea, Newfoundland Canada, Ireland, and Jordan provides an update on North Sea Licence P1974 containing the Malvolio prospect in Block 3/23a (“the Block”). Further to the announcement of 31 January 2013, the
Polarcus Inks Multi-Client Collaboration Agreement with ION
Polarcus Limited (“Polarcus” or the “Company”) announces that the Company has entered into a three year agreement with ION Geophysical Corporation (“ION”) to jointly develop, execute, and market 3D marine multi-client projects to E&P companies worldwide. The agreement combines Polarcus’ proven exper
Scotland Marine Consultation Launched
Sustainable economic growth that is sensitive to the environment is at the centre of draft management plans that will form the future National Marine Plan. A joint marine consultation has been launched today that will help decide how Scotland’s seas are managed in the future. The joint consultation
ABB Announces Improved Results on Balanced Portfolio in Q2
ABB reported higher revenues and earnings in the second quarter of 2013 despite challenging global markets. “We continue to see the positive impact on our results from our balanced geographic and business portfolio,” said ABB Chief Executive Officer Joe Hogan. “We grew orders in a number of key sect
Providence Provides Update on Barryroe Oil Field
Providence Resources P.l.c., (“Providence”) the Irish oil and gas exploration and development company, whose shares are quoted in London (AIM) and Dublin (ESM), provides an update on the Barryroe oil field (“Barryroe”) in the North Celtic Sea Basin, offshore Ireland. Providence (80%) operates Barryr
PGS Achieves Best Second Quarter MultiClient Late Sales Ever
Petroleum Geo-Services ASA announces second quarter and first half 2013 results with the following highlights: – Revenues of $381.7 million, compared to $404.8 million in Q2 2012 – EBIT of $110.6 million, up 28% from Q2 2012 – Group EBIT margin of 29%, up from 21% in Q2 2012 – EBITDA of $209.6 milli
TAQA Taps into STATS Group’s BISEP for Tern Isolation
TAQA Bratani Ltd required an isolation solution to facilitate pipework replacement of a 3” instrument air line on board the Tern Alpha Platform in the North Sea, without the necessity for a platform shutdown. STATS Group proposed the use of a 3” BISEP™ and Tecno Plug™ assembly to provide a double bl
DOF Subsea Awarded Contract by Teekay for Newbuild FPSO
DOF Subsea Norway, a specialist subsea solutions provider, has been awarded a contract by Teekay Petrojarl Production AS in Norway for its newbuild FPSO. The scope of work includes mooring pre-installation, tow-out and hook-up work for Teekay Petrojarl Production’s new FPSO, which will be installed
France: Technip Releases Second Quarter Results
On July 23, 2013, Technip’s Board of Directors approved the second quarter and first half 2013 consolidated accounts. Thierry Pilenko, Chairman and CEO, commented: “Technip’s second quarter results enable us to maintain our 2013 full year revenue and profit objectives. In Subsea, progress and close-