KONGSBERG reports operating revenues in Q3 2013 of MNOK 3 448 (MNOK 3 675) and EBITDA of MNOK 518 (MNOK 646), resulting in an EBITDA margin of 15.0 per cent (17.6 per cent). Kongsberg Maritime and Kongsberg Defence Systems have higher EBITDAs than in Q3 2012, while Kongsberg Protech Systems has lowe
SeaBird Exploration PLC, a global provider of marine 2D/3D/4D seismic data, and associated products and services to the oil and gas industry reports revenues for the third quarter of $51.9 million, an increase of 14% compared to the comparable period in 2012 and up 29% relative to Q2 2013. Third qua
Bluefin Robotics, a leading provider of Unmanned Underwater Vehicles (UUVs), announced that the company, in support of the Naval Research Laboratory (NRL), has successfully completed a long-endurance UUV mission from Boston to New York totaling over 100 hours with NRL’s Reliant “Heavyweight” UUV. Th
On Thursday, October 31, 2013 at 07.00 GMT (08.00 CET and 03.00 EDT) Royal Dutch Shell plc released its third quarter results and third quarter interim dividend announcement for 2013. Third quarter 2013 summary of unaudited results: – Royal Dutch Shell’s third quarter 2013 earnings, on a current cos
Subsea 7 S.A. announced the award of a contract by Tullow Ghana Limited for the TEN Project offshore Ghana in water depths reaching up to 2000 metres. The contract awarded to a consortium of Subsea 7 and Technip has a combined value of approximately USD 1.23 billion. Subsea 7’s share of the contract
Seaway Heavy Lifting’s vessel, Stanislav Yudin, has successfully completed a record run of foundation installation works at Gwynt y Mor Offshore Wind Farm. The vessel, operating over eight miles off the North Wales coast, installed 80 monopiles and 32 transition pieces in 77 days, ensuring all 160 w
The high cliffs of Eastern Siberia – which mainly consist of permafrost – continue to erode at an ever quickening pace. This is the conclusion which scientists of the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research have reached after their evaluation of data and aerial photo
Businesses developing innovative solutions for wave, tidal and offshore wind technologies are to get extra help from the UK’s innovation agency. Speaking at the European Ocean Energy Conference in Edinburgh, Energy and Climate Change Minister Greg Barker revealed that up to £7m of support will be av
Renewable energy developer Current2Current Ltd are delighted to confirm their prototype has recently been producing electricity in the North Sea enabling the company to move ever closer to securing its future as a renewable energy production company. Generating electricity from ocean currents and ti
Eni, the international oil and gas company, announces its group results for the third quarter and nine months 2013 (unaudited). Financial highlights2 • Adjusted operating profit: €3.44 billion for the quarter (down 15.7%3); €9.1 billion for the nine months (down 35.2%3); • Adjusted net profit: €1.17
Scotland has signed an international co-operation agreement with the Basse-Normandie region in France, to develop closer working between the two geographies in the field of marine energy. Scotland is currently a global leader in the development of wave and tidal energy, which it’s estimated could be
CNOOC Limited announced that Suizhong 36-1 Phase II adjustment project has commenced production. Suizhong 36-1 oil field is located in the south region of Liaodong Bay in Bohai with an average water depth of about 30 meters. Along with fully utilizing the existing producing facilities, this adjustme
INPEX CORPORATION (INPEX) announces that through its wholly-owned subsidiary, INPEX South Makassar, Ltd., it commenced natural gas production from the Ruby gas field (the Field) in the Sebuku PSC in Indonesia, on 27 October 2013. The Field is located 300km south of Balikpapan City in Indonesia with
Statoil’s third quarter 2013 net operating income was NOK 39.3 billion. Adjusted earnings were NOK 40.4 billion. “Statoil delivered strong strategic progress in the third quarter. We added high value barrels through the Bay du Nord discovery offshore Canada, the world’s largest oil discovery this ye
