Operator Statoil has together with PL532 partners made an oil and gas discovery in the Drivis prospect in the Barents Sea. This concludes the 2013/2014 exploration programme around the Johan Castberg field. Well 7220/7-3 S, drilled by the rig West Hercules, has proven a 68 metre gross gas column in
Aquatic Engineering and Construction Ltd, an Acteon company, celebrated its 40-year anniversary of operating in the North Sea with a celebratory event held onboard the grand Gulden Leeuw three-masted tall ship situated at Aberdeen Harbour on April 24, 2014. Guests competed in a rope pulling competit
EMGS has received additional pre-funding for the ongoing Daybreak 3D multi-client electromagnetic survey in the Alaminos Canyon protraction of the US Gulf of Mexico. The survey started on 22 February and is expected to be completed mid-June with integrated data delivery starting in June. The survey
BW Offshore has signed the contract with Premier Oil for a FPSO to operate on the Catcher oil field in the UK North Sea. The LOA will be converted into a final contract subject to final partner sanction and Department of Energy and Climate Change (DECC) approval, expected to be completed during Q2 2
Havila Shipping ASA has achieved a profit before tax of NOK 41.9 million in Q1 2014,compared with NOK -19.6 million in Q1 last year. Total operating income and gains was NOK 378.5 million in the Q1 of 2014. Total operating income for corresponding period last year was NOK 330.4 million. The group ha
Carnegie Wave Energy Limited (CWE) released its quarterly report, highlighting successful project and financial activities. During the quarter Carnegie Wave Energy Limited focused primarily on its Perth Wave Energy Project (the Perth Project) with the completion of the foundation and pipeline instal
LDD, an Acteon company, has successfully completed drilling monopile foundations for RWE Innogy’s Gwynt y Môr Offshore Wind Farm, North Wales, UK. LDD has been working on the project since 2011, when it designed, built and delivered one of the world’s largest reverse circulation drill rigs, the LD50
BOURBON confirmed its objective of 8-10% growth in revenues for 2014 with a slight increase in the EBITDAR/revenue margin. BOURBON 2014 1st quarter revenues were $443.3 million, an increase of 7.9% at constant exchange rates (2.9% at current rates). Quarterly revenues rose 7.9% (at constant rates),
Total has released its first quarter 2014 results. Net income was $3.3 billion, compared to $3.7 billion in the first quarter of 2013. Highlights of the first quarter 2014: • Started gas and condensate production on Itau Phase 2 in Bolivia; • Launched the ultra-deep offshore Kaombo project in Angola
Tangiers Petroleum Limited informed that the TAO-1 well off the Moroccan coast is on track to be spudded in June, with the Moroccan National Office of Hydrocarbons and Mines providing its final approval relating to the farm-out agreement between Tangiers and Galp Energia. The signing of the Amended
Subsea 7 S.A. announced the award of a three-year US$160 million contract extension by BP Exploration & Production Inc. for light subsea construction, inspection, repair and maintenance services in the US Gulf of Mexico. The contract will run from the second quarter 2014 to the third quarter 2017. T
Deloitte’s Petroleum Services Group (PSG) has provided detailed information on proposed new and completed wells and an overview on all licensing and deal activity in North West Europe. This review is collated from information produced by PSG’s Weekly Service, a report distributed to subscribers each
Pancontinental Oil & Gas NL, an oil and gas exploration company with key assets in Australia, Kenya and Namibia, has presented its March 2014 quarterly activities report. During the March Quarter, Pancontinental Oil and Gas NL progressed exploration and evaluation activities on several fronts within
Pulse Structural Monitoring (Pulse), an Acteon company, has finished a subsea integrity monitoring project for a DONG Energy offshore wind farm. Pulse supplied a system to measure the motion of a number of unsupported sections of subsea cable at the Gunfleet Sands wind farm in the UK sector of the S
