Bergen Group had a turnover of NOK 439 million in the 2nd quarter of 2014 and a result from operations before depreciation (EBITDA) of minus NOK 30 million. The deficit was primarily due to costs relating to the shipbuilding activities, which has now been fully sold out of the group. The order backl
International specialists well intervention technology company Qinterra Technologies has been awarded a contract worth up to $20miliion (USD) to support PETRONAS Carigali Sdn Bhd operations in Malaysia. The three year deal, will see Qinterra Technologies provide tractor services for all of PETRONAS
Eni, through its affiliate IEOC Production BV and in joint venture with BP Egypt, started production from the DEKA project (Denis-Karawan) through the new subsea well Denise South 6 at a gas rate of 1.8 million cubic meters per day and associated condensates of about 800 barrels per day. The DEKA Pr
Electromagnetic Geoservices ASA’s (EMGS) reported revenues of USD 42.5 million in the second quarter 2014, down from USD 61.3 million in the first quarter this year and from USD 44.4 million in the corresponding quarter last year. Contract sales totaled USD 35.5 million, while multi-client sales wer
Idemitsu Oil & Gas Co., Ltd., JX Nippon Oil & Gas Exploration Corporation and Teikoku Oil (Con Son) Co., Ltd. announce the discovery of gas and condensate at the fourth well called “SV-1X” in the “Sao Vang” structure in Blocks 05-lb and 05-lc offshore southern Vietnam. Blocks 05-lb and 05-lc are loc
The Norwegian Petroleum Directorate has had a successful seismic season, which wound up 19 August. About 5,600 kilometres of two-dimensional (2D) seismic has been acquired in the northern Barents Sea since 18 July. This is a continuation of the acquisitions which the NPD conducted in the southeaster
IKM Testing is awarded a frame contract for pipeline and process services for the Goliat Field in the Barents Sea by Eni Norge. IKM Testing is awarded a frame contract for pipeline and process services for the Goliat Field in the Barents Sea by Eni Norge.Initial duration is three years, with two per
Shetland is bidding to become a global leader in a multi-billion pound industry as a result of over £20million of investment announced by Cabinet Secretary John Swinney. A set of multi-million pound investments by Lerwick Port Authority and international energy logistics company Peterson aims to cre
Dolphin Group ASA, a parent company of Dolphin Geophysical AS, and a global full-range, asset light supplier of marine geophysical services announced revenues of USD 101.0 million, compared to USD 68.4 million in Q2 2013. Quarterly highlights include: EBITDA of USD 30.3 million (30,0%), compared to
Polarcus Naila has continued to deliver superior performance since her propulsion upgrade in April this year. The modern 3D seismic vessel has recently completed a two month program for TGS-NOPEC towing a large 12 streamer spread offshore of the UK Shetland Islands. This complex program comprised tw
Ofgem shortlisted four bidders competing to own and run transmission links of Westermost Rough and Humber Gateway offshore wind farms, both located in the North Sea off the coast of Yorkshire. The shortlisted bidders go through to the final bid stage where Ofgem will appoint the Offshore Transmissio
EMAS AMC, the Subsea Services arm of Ezra Holdings Limited, continues its winning momentum in the North Sea with the award of the frame agreement from Apache. The awarded frame agreement includes, among others, pipeline construction, umbilical/cable lay, structure installation and other typical rela
Carnarvon Petroleum Limited advises that the Phoenix South-1 well has completed drilling to a depth of 4,595 metres measured depth (“MD”) after encountering the Locker shale. A further two minor sands were encountered during the additional 55m of drilling. While quantitative analysis has not been un
Havyard’s newbuild, a Havyard 832 SOV design (Service Operation Vessel), arrived at the yard in Leirvik last week. This is the first of two vessels that will be built to provide service and maintenance for offshore wind power installations. Four newbuilds are now being fitted out at the yard. After
