The rapidly expanding renewable energy cluster at Port of Blyth received a major boost with the announcement of two long term deals linked to the offshore wind sector. Alnmaritec, an aluminium boat builder with a focus on the offshore wind sector, has been operating at the Port on a temporary basis
Desire Petroleum plc, the oil and gas company wholly focused on the North Falkland Basin, provides further update on the drilling progress to date on the Rachel 14/15-1Z sidetrack well. The well reached its measured total depth of 3,418 metres on 27 October and the process of pulling out of the dril
Royal Dutch Shell’s third quarter 2010 earnings, on a current cost of supplies (CCS) basis, were $3.5 billion compared to $3.0 billion a year ago. Basic CCS earnings per share increased by 16% versus the same quarter a year ago. Third quarter 2010 CCS earnings, excluding identified items , were $4.9
* Orders up 18%1 on industrial recovery and large power order * Revenues positive after five quarters of decline * Operational EBIT margin2 up to 14.0% as cost take-out delivers further benefits ABB’s order growth accelerated and revenues rose in the third quarter on a combination of continued growt
KBR announced today that third quarter 2010 net income attributable to KBR was $97 million, or $0.62 per diluted share, compared to net income attributable to KBR of $73 million, or $0.45 per diluted share, in the third quarter of 2009. Consolidated revenue in the third quarter of 2010 was $2.5 bill
Further to earlier reports concerning the financial position of the SMIT pension fund, Boskalis announces that the board of the SMIT Pension fund Foundation (Stichting Pensioenfonds SMIT) has informed the Board of Directors of SMIT that it intends to reduce the pension entitlements by 13.2% from 1 J
The Patrick administration started crafting a plan last May to buy a $91 million, publicly funded ship whose main job would be to plant wind… By Christine McConville (bostonherald) [mappress] Source: bostonherald, October 28, 2010
Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic Margin, the North Sea and Norway, announces that it has been provisionally awarded four new exploration licences west of Shetland under the UK 26th Lic
Lundin Norway AS has received consent to carry out exploration drilling in the North Sea with the mobile facility Mærsk Guardian. The consent applies to drilling of exploration well 3/8-1, which is part of production licence 400. The well has the following geographical coordinates: N 56º 27′ 16.93”,
Helix Energy Solutions Group, Inc. reported net income of $26.2 million, or $0.25 per diluted share, for the third quarter of 2010 compared with net income of $3.9 million, or $0.04 per diluted share, for the same period in 2009, and a net loss of $85.6 million, or $(0.82) per diluted share, in the
Endeavour International Corporation today announced a successful discovery in the West Rochelle area of the North Sea. The West Rochelle well was spudded on 3rd September and reached a total depth of 10,787ft on 7th October, encountering natural gas with an oil rim in an excellent quality reservoir
Offshore renewable energy could kick off the next billion-dollar “gold rush” in the continent’s coastal waters, and that could be good news… (cnbc) [mappress] Source: cnbc, October 28, 2010;
FMC Technologies, Inc. today reported third quarter 2010 revenue from continuing operations of $960 million, down 12 percent from the prior-year quarter due primarily to lower subsea systems revenue. Diluted earnings per share from continuing operations were $0.66 compared to $0.73 in the prior-year
Petrobras announces that it got operations underway today at the FPSO Cidade Angra dos Reis, the first definitive production system installed in the Tupi area, in the Santos Basin pre-salt cluster. The FPSO (oil and gas floating production, storage, and offloading system) is initially connected to t
