Superior Energy Services, Inc. reported net income from continuing operations of $42.6 million, or $0.27 per diluted share, and net income of $36.7 million, or $0.23 per diluted share, on revenue of $1,061.4 million for the first quarter of 2014. These results compare with the first quarter of 2013
Forum Energy Technologies, Inc. announced first quarter 2014 revenue of $404 million compared to $373 million for the first quarter 2013. Net income for the first quarter 2014 was $37 million or $0.38 per diluted share compared to $32 million or $0.34 per diluted share for the prior year period. Inc
The U.S. Deputy Assistant Secretary of Commerce for Economic Development Matt Erskine has announced a $200,000 U.S. Economic Development Administration (EDA) grant to the New Bedford Economic Development Corporation, in New Bedford, Massachusetts. The grant will support the creation of an advanced p
Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a new contract worth in total approximately €40 million ($55 mil) by ESB (Ireland), for the “Shannon River Crossing” project to provide electricity between Kilpaddoge and Moneypoint across the opposite ba
Tullow Oil plc (Tullow) announces that the Tapendar-1 exploration well in the C-10 licence, offshore Mauritania, has not encountered hydrocarbons and the well is being plugged and abandoned. Tapendar-1 is the second exploration well in Tullow’s Mauritania exploration campaign, following the Frégate-
FoundOcean Inc. and Delta SubSea LLC signed a strategic agreement to provide subsea grouting and scour remediation services in Trinidad, Tobago, and Venezuelan waters. The two companies bring complementary services to the table, giving clients a true turnkey solution for pipeline scour remediation a
The DEA is opening the 7th Licensing Round for interested oil and gas companies, who are invited to submit applications to the DEA for new North Sea oil and gas licences. The application period ends on 20 October 2014. The areas offered for licensing are located in the Central Graben, where the majo
Cameron has reported earnings per share for the first quarter of 2014 of $0.75 excluding charges and discontinued operations. This compares to earnings per share for the first quarter of 2013 of $0.69 excluding charges. After-tax charges for the first quarter of 2014 were $0.21 per share primarily r
Nautilus Minerals Inc. and the Independent State of Papua New Guinea have signed an agreement, enabling the Solwara 1 Project to move forward toward production with the full support of the State. Under the Agreement, the State shall take an initial 15% interest in the Project. The State has the opti
Technip’s Board of Directors approved the first quarter 2014 consolidated financial statements. Revenue increased by 23% year-on-year, to $3.46 billion (+10% in Subsea and +34% in Onshore/Offshore). The Group’s backlog at the end of the first quarter is stable compared to the end of 2013 taking into
The Reef Trust Discussion Paper has been released by the Commonwealth and Queensland governments. The Reef Trust is a key election commitment for the Australian Government under the broader Reef 2050 Plan. The Reef Trust will put the focus firmly on improving coastal habitat, water quality and enhan
The Australian Transport Safety Bureau (ATSB), after the analyses of the photographs, confirmed that the material washed ashore 10 kilometers east of Augusta is not related to the missing flight MH370. The search for the MH370 continues today in an area of approximately 49,567 square kilometers. The
Tower Resources plc, through its wholly-owned subsidiary, Neptune Petroleum (Namibia) Limited, informed that it has received formal notification from Repsol Exploration (Namibia) (Pty) Limited, the Operator of Namibia PEL0010 (Neptune 30% working interest), that the Rowan Renaissance Drillship spudd
GE’s Power Conversion business has signed a framework agreement with EDF EN to provide support services for the converters used in EDF EN’s wind parks throughout Europe. The service contract will enable the staff of EDF EN Services, EDF Energies Nouvelles’ subsidiary dedicated to the operation and m
