Dragon Oil has reported operating profits of $388.5 million for the six months to the end of June, 20% up on last time. Revenues were 11% higher at $547.0 million and profit for the period rose by 20% to $289.0m. Average gross production rate was approximately 73,440 barrels of oil per day compared
The Ministry of Defence through the Defence Science and Technology Laboratory and in partnership with a number of associations and industry bodies is making funding available through four initiatives each addressing different areas of maritime autonomy. Autonomy in Maritime Unmanned Vehicles offers
Chatham Rock Phosphate has advised the Environmental Protection Authority that it will remove the eastern end of application area covered by prospecting permit 55967, comprising 4,985 km2 and representing about half the total, so the area for which marine consent is being applied now totals 5,207 km
Subsea Engineering, Inc. has announced that Houston based oil and gas investor Lance Patrick has joined the company as President. In this role, he will oversee all company operations effective immediately, and will report directly to the Board of Directors. “Mr. Patrick’s family has been highly succ
McDermott International, Inc. has reported a second quarter 2014 net loss of $11 million or $0.05 per fully diluted share, compared to a net loss of $149 million or $0.63 per diluted share in the prior-year quarter. Weighted average common shares outstanding on a fully diluted basis were approximate
TDW has developed a custom solution that provides the dive specialist with a safe, reliable method of isolating the riser and platform from the section that was to be prepared for the wye installation. When a commercial diving and marine services company began planning the installation of a piggable
Songa Offshore SE, an international offshore drilling contractor, has delivered its operational update. Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 99% during the month working for Statoil in Norway. Songa Delta achieved an operational efficiency of 100% and an
Ezra Holdings Limited, a contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that its Subsea Services division, EMAS AMC, has been awarded several projects around the world worth close to US$110 million, including options. The scope of work for the p
CAMAC Energy Inc. has announced the preliminary results of a successful Oyo field development well offshore Nigeria in OML 120. The Oyo-8 well started drilling operations on June 15, 2014 and has both a vertical and a horizontal section. The vertical section was designed to test for additional hydro
Four astronauts splashed up from the depths of the Atlantic Ocean, bringing to a successful close the 18th NASA Extreme Environment Mission Operations (NEEMO) expedition. Accompanied by two lab technicians, the crew, commander Akihiko Hoshide of the Japan Aerospace Exploration Agency, NASA’s Jeanett
This morning, Oceana launched an expedition to document three seamounts that lie between the islands of Mallorca, Ibiza and Formentera, as well as the Fort d’en Moreu which is a coralligenous reef to the East of the Cabrera archipelago, all of which belong to the Balearic Islands. The international
The Nautilus team has recently made a short video tour of their exploration vessel, through areas of the ship people usually don’t see on the live feeds, behind-the-scenes, the mess, bridge, data lab, and more. The Nautilus Exploration Program focuses on three main areas of marine science: biology,
SeaBird Exploration Plc (SeaBird) has announced that Aquila Explorer has received a letter of award for a 2D seismic survey in Australasia. The survey will cover a minimum of 10,000 km and will have an estimated value of approximately USD 11 million. The project is expected to start in Q4 2014 and w
Fisher Offshore, an energy industry service company and part of James Fisher and Sons plc, has underlined its commitment to continued growth with the appointment of a new managing director. Jack Davidson has been promoted from the role of operations director to lead the business as it prepares for t
