Neptune Marine Services Limited has reported a statutory operating loss before tax of $21.952m (Dec 2011: profit $1.840m), the consolidated loss of the Group after providing for income tax amounted to $22.446m (Dec 2011: profit $1.278m). The group suffered a downturn in revenue in the first half wit
On Feb. 28, Apache reported that well control operations at Main Pass 295 have been successfully completed. The bottom of the well has been plugged and cemented and the migration of natural gas to another sand formation (which was occurring approximately 1,100 feet beneath the seafloor) has been sto
A collaboration between the National Oceanography Centre (NOC) and the University of Southampton is to develop an instrument capable of simulating the high pressures and low temperatures needed to create hydrate in sediment samples. Dr Angus Best of NOC and Professors Tim Leighton and Paul White fro
Helix Energy Solutions Group, Inc. announced that effective March 1, 2013, Lloyd Hajdik will resign as Chief Accounting Officer of the Company to pursue certain opportunities available to him outside the Company. It is expected that Mr. Hajdik will leave Helix by the end of April following a transit
Gassco AS (Gassco) has received consent for disposal of the H-7 facility. The H-7 facility is located in the German sector of the North Sea and was used as a compressor platform along the Norpipe pipeline from 1977 to 1999. The facility will now be disassembled and removed from the site. Operating c
One of the most comprehensive surveys ever carried out into the environmental impact of tidal powered turbines on marine wildlife has begun off the island of Eday in Orkney. The environmental monitoring and measuring survey is a key part of the Energy Technologies Institute’s (ETI) ReDAPT (Reliable
NCS Survey AS has been awarded a three-year contract with two one-year options with Norwegian operator Statoil for the supply of rig positioning services on the Norwegian Continental Shelf. The contract commenced on the first of the year. NCS Survey AS was established in November 2012 and is based i
2H Offshore Inc., an Acteon company, has recently been awarded a Steel Catenary Riser (SCR) detailed design project with LLOG Exploration Company. The SCRs will be the first attached to the Exmar OPTI-11000 semi-submersible. The scope of work includes the provision of detailed design of the producti
Chevron Corporation today announced that it had conducted a successful production test on the St. Malo PS003 well in the prolific Lower Tertiary trend in the deepwater Gulf of Mexico. Oil flow rates, though limited by testing equipment constraints, exceeded 13,000 barrels of oil per day. The test, i
Following the successful refinancing of AGR Group, the Group’s two business areas, Petroleum Services and Drilling Services, are now financed separately. This enables the two divisions to seek separate strategic alternatives with autonomous managements. Under the leadership of Åge Landro, EVP Petrol
Dril-Quip, Inc. announced net income of $31.0 million, or $0.76 per diluted share, for the three months ended December 31, 2012, versus net income of $28.1 million, or $0.70 per diluted share, for the fourth quarter of 2011. Total revenues were $188.5 million during the quarter ended December 31, 20
The Petroleum Administration of the Republic of Lebanon has announced a seminar event in London on 7th March to promote pre-qualification for the first Lebanese offshore licensing round. Representatives from the Petroleum Administration will give keynote talks on the latest information regarding the
RenewableUK welcomed the signing of a Memorandum of Understanding between Pentland Firth and Orkney Waters Marine Energy Park and South West Marine Energy Park, which extends from Bristol to Cornwall. The MoU forms a working partnership that will result in increased collaboration and the sharing of
Two British companies have been awarded a share of £20 million to help drive forward growth in the UK’s marine energy industry. MeyGen Ltd and Sea Generation Wales Ltd have both won funding under the government’s Marine Energy Array Demonstrator scheme (MEAD), launched in April last year, to support
