Aker Solutions’ revenue rose to NOK 11.2 billion in the first quarter of 2014 from NOK 10.3 billion a year earlier, driven by sales of subsea products and services, single drilling equipment and umbilical systems in the U.S. and Norway. Revenue also increased in the process systems unit, bolstered b
The search for missing Malaysia Airlines flight MH370 is commencing a new phase and will transition over the coming weeks to an intensified undersea search. In the meantime Bluefin-21, which has completed its search of the 314 square kilometre area around the detections made by the Towed Pinger Loca
Divers continue the search on Monday for the bodies of more than a 100 missing people in the South Korean ferry accident. South Korean President Park Geun-hye issued an apology over the ferry accident, BBC reports. “I don’t know how to apologise for the failure to prevent this accident, and for the
Ulstein Group delivers good result for 2013 with an operating income of NOK 2.3 billion and an operating profit of NOK 318 million. “We have competent and hardworking employees and an organisation that provide for execution and delivery precision. The good collaboration we have with our customers an
Siemens has installed the BorWin2 offshore platform in the North Sea northwest of the island of Borkum. This marks Siemens’ achievement of the second crucial milestone in the German grid connection projects under contract with the German-Dutch network operator TenneT. Siemens had already erected its
BP reported its financial results for the first quarter of 2014. Underlying replacement cost profit for the quarter was $3.2 billion, compared with $2.8 billion for the previous quarter and $4.2 billion for the first quarter of 2013. Operating cash flow in the quarter was $8.2 billion. The company a
AWE Limited reported that the Pateke-4H development well was at a measured depth of 4,700m and drilling ahead on a horizontal trajectory through the Kapuni F10 sandstone reservoir with an 8 1/2 inch drilling assembly. The reservoir was intersected at 4,023m and operations have drilled 677m horizonta
Salvage operation for sunken Perro Negro 6 jack-up drilling rig is due to start in this quarter. The rig sank in approximately 130 feet (40 meters) of water after the seabed collapsed under one of its three legs. The event occurred during the rig positioning on location prior to starting drilling op
Atlantic Petroleum announced that the Blackbird Field second production well has spudded using the Noble Ton V Langeveld drilling rig. The Blackbird Field is owned by Nexen Petroleum U.K. Limited (Operator) 73.02957%, Nexen Ettrick U.K. Limited 17.57270% and Atlantic Petroleum UK Limited 9.39773%. T
Green Marine Solutions (GMS) has signed a contract to introduce its ground-breaking marine coordination service to C-Power’s 325.2MW Thornton Bank Wind Farm operating 30 miles (48 km) off the Belgian coast. GMS will help C-Power by examining every aspect of offshore operations and maintenance. It wi
Ship operator Rix Sea Shuttle has netted a contract at one of Europe’s largest offshore wind farms. The company was awarded the work by Reef Subsea to support their two cable installation vessels at the RWE Innogy Gwynt y Môr development. Gwynt y Môr is one of the largest offshore wind farms current
Vard Holdings Limited, one of the major global designers and shipbuilders of offshore and specialised vessels, announced its financial results for the first quarter ended 31 March 2014. VARD recorded an exceptionally high order intake of $918.4 million in 1Q2014, securing eight new vessel contracts
Stone Energy Corporation announced success on the deep water Cardona South well at Mississippi Canyon 29. Stone operates and owns a 65% working interest in the well. The Cardona South well (MC 29 #5 well) encountered over 275 feet of net oil pay in three separate sections of the well. The Cardona So
Tap Oil Limited announces that it has executed a borrowing base debt facility with BNP Paribas (BNP) for up to US$90 million. The BNP facility will replace the US$50 million Manora field development facility and the A$20 million corporate facility executed with Commonwealth Bank of Australia, as ann
