Royal Dutch Shell’s second quarter 2013 earnings, on a current cost of supplies (CCS) basis (see Note 1), were $2.4 billion compared with $6.0 billion in the same quarter a year ago. Second quarter 2013 earnings included an identified net charge of $2.2 billion after tax, mainly reflecting impairmen
TGS announces three new multi-client surveys; a 3D survey in UK West of Shetlands and two 2D surveys offshore Newfoundland-Labrador. Rona Ridge 2013 (RR13) is a 2,420 km2 3D survey that will provide the industry’s first 3D data in the highly prospective UK West Shetland Basin. Data processing will b
An oil spill that occurred on Saturday about 20 km (12 miles) off the coast of Thailand is having an extreme impact on tourism, Reuters reported. Tourism Minister Somsak Phurisisak expressed his concerns regarding the impact of the spill on tourism. “I’m very concerned, I didn’t think this spill wou
The agreement signed with the German oil and gas company Wintershall, which includes the divestment of Statoil’s share of the Brage licences, a farm-down in Gjøa and Vega, and acquisition in the Edvard Grieg licence in the North Sea, has been completed. The consideration to be paid to Statoil is USD
Jee has introduced a new addition to its growing programme of subsea training courses. The Engineering of Flexibles course provides delegates with an expert level of understanding in flexible risers and flowlines in conjunction with OrcaFlex software training. The four-day course, which is offered i
World leader for naval defence, DCNS has turned its knowledge of the sea and its unique experience of new technologies into an advantage to position itself on the renewable energy market. An ambitious plan that is already well on its way to being implemented. Energie de la houle – partenariat entre
UK Engineering firm FES International says the government’s plans to stimulate investment in the oil and gas industry are already paying dividends. The subsea specialist supplies components for the offshore industry and the major part of its business is supplying global export markets. Its products
TAQA, the international energy company from Abu Dhabi, reported its operational and financial results for the first half of 2013. The first half of 2013 was characterised by good progress against TAQA’s long term growth projects, while a number of short-term operational issues impacted profitability
The Bureau of Safety and Environmental Enforcement (BSEE), U.S. Coast Guard, and Walter Oil & Gas Corporation (Walter), through the Unified Command, continue to oversee and coordinate response efforts to secure the South Timbalier 220 natural gas Well A-3. Safety of personnel and protection of the e
Ithaca Energy Inc. announces that the appraisal well (7225/3-2) test programme on the Norvarg discovery located in licence PL535 in the Norwegian sector of the Barents Sea has been completed. The appraisal well was drilled approximately 275 km north of the Hammerfest LNG plant on Melkøya, in a water
Cornwall is synonymous with tin mining, having built its fortunes in previous centuries extracting and producing the metal for export around the world. Sadly in recent years the industry has all but disappeared with only shore based mining taking place in one or two sites.. The resultant impact on t
Albany’s 40-megawatt tidal power station received Government approval to become Western Australia’s first tidal power station. Albany has been identified as Australia’s best location for a wave energy plant development. The Albany Chamber of Commerce and Industry’s Russ Clark was quoted as saying: “
Mermaid Maritime Public Company Limited announces that Subtech Qatar Diving & Marine Services LLC has recently been awarded several subsea contracts with a combined estimated value of USD 40 million with most of these contracts scheduled to be completed this calendar year. The scope of services in t
The Trans Adriatic Pipeline AG (TAP) announced that BP, SOCAR and Total – members of the international consortium developing the giant Shah Deniz field in Azerbaijan – have exercised their option to join the Trans Adriatic Pipeline AG. BP and SOCAR have each taken a 20% share while Total has acquire
