Nord Stream AG is currently conducting a load test on both lines of the fully-integrated gas transportation system. The industry-standard load tests serve to confirm reliability of the pipelines. The completion of the NEL-Pipeline in early November allows for a test phase involving the connected gas
TAQA, the international energy company from Abu Dhabi, reported its operational and financial results for the nine months to 30 September 2013. The company reported that it had returned to profit in the third quarter after posting a loss in the same period last year. The positive figures were down t
Vard Holdings Limited (“VARD”, and together with its subsidiaries, the “Group”), one of the major global designers and shipbuilders of offshore and specialized vessels, announced its results for the third quarter of financial year 2013 (“3Q 2013”) ended 30 September 2013. Financial and operating rev
Australian energy company WHL Energy Limited (“WHL Energy” or “the Company”) reports that the seismic vessel the CGG Viking II has mobilised to the Otway Basin and is currently deploying its equipment. The La Bella 3D Marine Seismic Survey (MSS) in offshore Otway Basin permit VIC/P67 is expected to
Aker Solutions’ earnings for the third quarter of 2013 showed a steady improvement in profit compared with the first half of the year, helped by improved execution in several business areas and key deliveries. Financial Highlights – Sales were NOK 10.9 billion in the third quarter of 2013, compared
Statoil has started production from the Visund North oil and gas field in the North Sea. Visund North is the sixth project that has started production of the 12 “fast track” projects Statoil has in its portfolio. “Completion of the first production well as well as a production shutdown at the Visund
Wave energy developer, Carnegie Wave Energy Limited announces the award of the manufacturing and construction contract for its wave powered Desalination Pilot Plant to Perth-based Mak Water Industrial. The desalination pilot plant will be integrated into Carnegie’s Perth Wave Energy Project on Garde
McDermott International, Inc. (“McDermott” or the “Company”) reported a net loss of $64.1 million, or $0.27 per fully diluted share, for the quarter ended September 30, 2013. These results compared to income of $50.6 million, or $0.21 per fully diluted share, in the corresponding period of 2012. Wei
After a successful initial study to validate their tidal turbine design software Tidal Bladed, GL Garrad Hassan are preparing for the next phase of full scale validation, under the Reliable Data Acquisition Project for Tidal (ReDAPT) project. Tidal Bladed is a commercial software package which can b
Schlumberger broke ground on a new regional center focused on reliability and efficiency, marking the official start of construction of the center. Located in Port Klang Free Zone, Selangor, the Schlumberger Asia Center for Reliability and Efficiency will be dedicated to advanced maintenance and ser
EPL Oil & Gas, Inc. (EPL or the Company) reported it has resumed production within its West Delta and South Pass fields following a third party pipeline inspection. A previously reported, EPL’s oil production was curtailed due to a third party pipeline inspection that began on October 24th. The pipe
SOCO announces that it has entered an agreement with PA Resources Congo SA, a wholly owned subsidiary of PA Resources AB, to farm-in to a 60% working interest in the Mer Profonde Sud permit, offshore the Republic of Congo (Brazzaville). The Mer Profond Sud permit comprises the exploration area of th
ITF, the global technology facilitator, together with subsea and pipeline engineering and project management company Subsea Engineering Associates (SEA) Pty Ltd in Perth, Australia, has recently launched a Joint Industry Project (JIP) that will explore and demonstrate a new approach to assessing pip
Kreuz Holdings Limited (“Kreuz” or together with its subsidiaries, the “Group”), an integrated subsea service provider for the oil and gas industry, reported that the Group’s net profit surged 60.3% to US$16.6 million for the third quarter ended September 30, 2013 (“3Q2013”) from S$10.4 million in t
