Cal Dive International, Inc. reported a second quarter 2013 loss of $1.7 million, or $0.02 per diluted share, on revenues of $121.0 million. Included in the loss is a $4.0 million after-tax gain related to the final marked-to-market adjustment of the derivative liability on the Company’s convertible
Petrobras has confirmed the presence of oil in well 3-SPS-101 (3-BRSA-1179-SPS), in the Carioca Discovery Evaluation Plan area, block BM-S-9, Santos Basin pre-salt. The well, informally known as Iguaçu Mirim, is located 303 km off the coast of the state of São Paulo, 34 km south of the discovery wel
SeaEnergy PLC and Robert Gordon University (RGU) have jointly launched a Knowledge Transfer Partnership (KTP) to develop an operational and economic model for life cycle cost of operations and maintenance (O&M) strategies in offshore wind farms. This KTP is supported by the Technology Strategy Board
SeaEnergy PLC and Robert Gordon University (RGU) have jointly launched a Knowledge Transfer Partnership (KTP) to develop an operational and economic model for life cycle cost of operations and maintenance (O&M) strategies in offshore wind farms. This KTP is supported by the Technology Strategy Board
RES Offshore has recently signed an Operations and Maintenance (O&M) services contract with Forewind for two met masts in the Dogger Bank Round 3 zone. These met masts are the furthest offshore of any in the UK and RES will be delivering scheduled and unscheduled maintenance for the structures and i
Cairn announces that it has entered into a farm in agreement with Chariot Oil & Gas Investments (Mauritania) Limited, a wholly owned subsidiary of Chariot Oil & Gas Limited (Chariot) for a 35% non-operated interest in an exploration block offshore Mauritania in West Africa. The block (C19), which is
SBM Offshore has made good operational progress, with underlying financial results ahead of the expectations. The Company continues to be on track in resolving its legacy issues. Directional Backlog reached a record level of US$22.4 billion including contracts for FPSOs Cidade de Maricá and Cidade d
Karoon Gas Australia Ltd recently announced the launch of an underwritten placement to raise approximately A$150 million at an offer price of A$5.10 (“Placement”). The offer price represents an 8.9% discount to the last trading price of A$5.60 on 6 August 2013. The proposed placement will strengthen
At yesterday’s opening ceremony, the joint venture partners RWE Innogy and SSE inaugurated the power plant together with Michael Fallon, Minister of State for Energy. Greater Gabbard is one of the largest wind farms in the UK with 140 wind turbines in water depths between 24 and 34 metres and with a
EMAS AMC, the Subsea Services division of Ezra Holdings Limited, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, announced that it has been awarded a major contract by Houston based VAALCO Gabon (Etame) Inc. for the expansion of t
Petroleum Geo-Services (PGS), within the framework of an international scientific program, has acquired 8,840 line km of 2D data in the Russian Barents Sea and Kara Sea. The 2D survey, conducted in partnership with Geology Without Limits, began in 2012, using the vessel Akademik Lazarev. This scient
Reference is made to the stock exchange notice from AGR Group ASA (“AGR Group”) of 6 August 2013 regarding consummation of the demerger of AGR Group’s two business areas, the Petroleum Services business and Drilling Services business, by spinning off the Drilling Services business into a new non-lis
On 23 August 2013, when the recently signed ten-year extension comes into effect, Fugro will enter the fourth decade of the successful joint venture with China Oilfield Services Ltd (COSL). The joint venture, named China Offshore Fugro Geosolutions (COFG) in which Fugro holds 50%, has been operating
Det norske oljeselskap ASA has as a 20 per cent partner in PL 265, made a small oil discovery in exploration well 16/2-18S, drilled on the Cliffhanger North prospect west of the main bounding fault for the Johan Sverdrup discovery. Exploration well 16/2-18S was operated by Statoil and is located wes
