Statoil announced fourth quarter and preliminary 2013 results with fourth quarter 2013 net operating income of NOK 43.9 billion. In 2013, net operating income was NOK 155.5 billion. At the Capital Markets Update, Statoil presents its plan for reduced capital expenditure by more than USD 5 billion fr
Fastnet Oil & Gas Plc (“Fastnet” or the “Company”) the E&P company focused on near term exploration acreage in Africa and the Celtic Sea announces that it has been notified by the Irish Department of Communications, Energy and Natural Resources (the “Department”) that Licensing Option 12/3 (“Mizzen”
NSP Maritime Link Inc., a subsidiary of Emera Inc., has awarded Nexans with a turnkey project to create a high-voltage direct current (HVDC) cable connection between the island of Newfoundland and Nova Scotia in Canada. As part of the contract, worth approximately 175 million Euros, Nexans will desi
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Alexander Khoroshavin, Governor of the Sakhalin Region. The meeting noted a significant amount of Gazprom’s investments in the Sakhalin Region –the Company’s capital investment
Carnegie Wave Energy Limited announces two successful UK funding applications to support technology development and environmentally sustainable development of commercial CETO projects. Carnegie recently won EU funding from the MARINETs Transnational Access initiative to support wave tank testing and
Electromagnetic Geoservices ASA’s (EMGS) reported revenues of USD 44.9 million in the fourth quarter 2013, up from USD 23.6 million in the previous quarter and in line with the USD 45.0 million reported for the fourth quarter of 2012. Contract sales totaled USD 40.1 million, while multi-client sales
Inside Australia’s Snowy Mountain hydro scheme, leading underwater service provider, Hibbard Inshore, say they have broken the record for the longest tunnel inspection by a tethered vehicle using their newest long-range vehicle, the Saab Seaeye Sabertooth. Importantly, this meant there was no need t
WaveRoller, the breakthrough wave energy device created by the leading wave energy developer, AW-Energy, has received independent performance verification, taking the wave power industry one step closer to commercialization. WaveRoller received its validation after operating in fully exposed ocean e
A remote control boat equipped with a SonTek M9 Acoustic Doppler Profiler (ADP®) has been employed with HydroSurveyor software to create a 3-dimensional map of a damaged (and still submerged) flood barrier, following serious damage that took place during last December’s storms. Data from the survey
The second phase of testing of Enel Green Power’s R115, the first machine in the world that produces electricity from sea waves, has begun. The machine, which has been developed by 40 South Energy, will leave once again from the port of Livorno, this time completely assembled, to be tested offshore
SeaBird Exploration Plc (“SeaBird”) will, in partnership with Acorn Geophysical Ltd, commence an additional 3D seismic acquisition project in the Gulf of Guinea. The survey is an extension of the 3D project previously announced on 15 January 2014 for 1,500 km² with prefunding of approximately USD 4.
A&P Falmouth has been awarded a landmark contract by leading wave energy firm Seatricity to build a wave energy device to be deployed at Wave Hub, the offshore renewable energy test facility. The company, which has a growing reputation in the marine renewable energy sector, will manufacture, fabrica
Serdijn Ship Repair and Zwagerman Offshore Services have established a joint company under the name Rotterdam Offshore Group (ROG). The ideas and activities of Serdijn and Zwagerman are complementary, so a complete portfolio can be offered to clients. Existing markets and new market segments will be
On Thursday, 28th of January, the oil tanker Siri Knutsen was connected via pipelines to three of the Siri area’s four oil fields. Thus, E&P is again able to produce from the Siri area, and yesterday Nini East delivered the first oil drops. The fields in the Siri area have not been in operation sinc
