Kreuz Holdings Limited (“Kreuz” or together with its subsidiaries, the “Group”), an integrated subsea service provider for the oil and gas industry, reported that the Group’s net profit increased 5.4% to US$10.8 million for the first quarter ended March 31, 2013 (“1Q2013”) as compared to US$10.3 mil
Ophir Energy plc (“Ophir” or “the Company”) announces that it has secured a drilling rig and executed a letter of agreement for Rig Share Assignment with BG Group for the continuation of its 2013-2014 East African offshore drilling programme. Odjfell Drilling is the contract counterpart and drilling
In the construction of a subsea project, one challenge is the long delivery time of large steel forgings used for key components. This is mainly due to compliance with oil companies’ individual requirements. DNV is now inviting the subsea industry to jointly obtain synergies by developing a best-pra
Royal Dutch Shell plc (Shell) today announces a final investment decision in the Stones ultra-deepwater project, a Gulf of Mexico oil and gas development expected to host the deepest production facility in the world. This decision sets in motion the construction and fabrication of a floating product
Rolls-Royce Plc has signed a contract to deliver drillship propulsion systems to the world’s largest drilling company Transocean. This latest contract marks the 100th drillship to feature Rolls-Royce propulsion equipment. In recent months Rolls-Royce has won orders to supply propulsion systems for s
Rolls-Royce has delivered advanced deck machinery system for a highly specialised new Amazon-class seismic research vessel for WesternGeco, which is under construction at Flensburger Shipyard in Germany. The contract includes the supply of a control and back deck system for towing and handling of 18
A major programme of offshore works are due to start tomorrow (Thursday, May 9) for the European Offshore Wind Deployment Centre (EOWDC) and which could lead to pioneering turbine foundation designs being developed at the more than £230million test facility. The programme involves a series of geotec
Greg Barker, Minster of State for Energy and Climate Change, describes his visit to Falmouth and the FaB Test facility off Falmouth Harbour. FaB Test is a wave test site developed as a partnership between Falmouth Harbour Commissioners, Wave Hub, the University of Exeter, A&P Group, Cornwall Marine
Flexlife, a specialist provider of flexible pipe integrity and engineering services, is expanding into new premises in Houston and targeting US work with a value of nearly £2million in the next financial year. The company, which currently has three members of staff at its US office, is looking to do
Sea Wave Energy Ltd (SWEL), a renewable power business focused on the ocean/sea energy sector, has developed a Wave Energy Converter (WEC), the Waveline Magnet. This technology has many unique advantages: – Low cost of manufacture, a rarity in the ocean power sector. – Low deployment and mooring cos
Brazil’s state-run oil company Petrobras announced the discovery of good quality oil in the Transfer of Rights area referred to as Entorno de Iara, in the Santos Basin pre-salt region. Well 1-BRSA-1146-RJS (1-RJS-711), known as Entorno de Iara 1, is located at a water depth of 2,266 meters, 235 km o
Providence Resources P.l.c., the Irish oil and gas exploration and appraisal company, whose shares are quoted in London (AIM) and Dublin (ESM), announces its preliminary results for the year ended 31st December 2012. DRILLING PROGRAMME The year 2012 was a landmark year for Providence as operations o
ExxonMobil has received consent to use six new subsea wells on the Balder field. ExxonMobil is the operator on the Balder field, located in the central part of the North Sea, approx. 190 km west of Stavanger. The field is developed with subsea wells that are tied in to the Balder FPU mobile living q
Wave energy developer Carnegie Wave Energy Limited announces that it has received $142,692 as the first payment of its $1.27m AusIndustry grant to support a CETO Seawater Desalination Demonstration Pilot Plant. The first and subsequent grant payments support the design, construction and operation of
