A leading offshore survey company recently completed an acoustic metrology project 15 hours quicker than anticipated using Lodestar GyroCompatts from Sonardyne Inc. Taking place in the Gulf of Mexico, acoustic metrology was performed on four proposed jumpers, measuring from the manifold pressure cap
Ofgem has appointed the Balfour Beatty Equitix Consortium as the preferred bidder to own and operate the high voltage transmission links to the Gwynt y Môr wind farm. At 576MW it is currently the second largest project to have reached this tender stage. The estimated value of the transmission assets
Enegi, the independent Oil and Gas Company with a portfolio of assets located in the UK North Sea, Newfoundland Canada, Ireland, and Jordan provides an update on North Sea Licence P1974 containing the Malvolio prospect in Block 3/23a (“the Block”). Further to the announcement of 31 January 2013, the
The, ,dream of faster, more affordable and reliable broadband telecommunications to Canada’s North will move one step closer to reality in mid-August as Arctic Fibre Inc. begins its physical landing site surveys at seven locations across Nunavut and one site in Northern Quebec. Starting August 19th
Forum Energy Technologies, Inc. announced second quarter 2013 revenue of $368 million compared to $374 million for the second quarter 2012. Net income for the second quarter 2013 was $30 million or $0.32 per diluted share, including charges of $3 million before tax or $0.02 per diluted share for tra
The Bureau of Safety and Environmental Enforcement (BSEE), U.S. Coast Guard, and Walter Oil & Gas Corporation (Walter) have stood up a Unified Command to continue overseeing and coordinating response efforts to secure the South Timbalier 220 natural gas well, following the loss of well control Tuesd
Cameron reported earnings per share for the second quarter of 2013 of $0.79, excluding charges. After-tax charges for the second quarter of 2013 were $0.22 per share, including the following unusual items: · Tax consequences related to the formation of OneSubsea $ 0.10 · Other costs, primarily relat
Royal Navy survey ship HMS Echo, in a remarkable ten-day search for hidden dangers to mariners, found one of nearly 20 wrecks and objects peppering the seabed off Libya lying some 160ft beneath the surface of the Mediterranean. The Devonport-based ship was the first Royal Navy vessel into Libya afte
ABB reported higher revenues and earnings in the second quarter of 2013 despite challenging global markets. “We continue to see the positive impact on our results from our balanced geographic and business portfolio,” said ABB Chief Executive Officer Joe Hogan. “We grew orders in a number of key sect
Providence Resources P.l.c., (“Providence”) the Irish oil and gas exploration and development company, whose shares are quoted in London (AIM) and Dublin (ESM), provides an update on the Barryroe oil field (“Barryroe”) in the North Celtic Sea Basin, offshore Ireland. Providence (80%) operates Barryr
Petroleum Geo-Services ASA announces second quarter and first half 2013 results with the following highlights: – Revenues of $381.7 million, compared to $404.8 million in Q2 2012 – EBIT of $110.6 million, up 28% from Q2 2012 – Group EBIT margin of 29%, up from 21% in Q2 2012 – EBITDA of $209.6 milli
Petrobras announces it has completed the drilling and formation test of the fourth exploratory well at Iara area, block BM-S-11, in the Santos Basin pre-salt. The results of this well 3-RJS-706 (3-BRSA-1132-RJS) have strengthened the potential of recoverable light oil from Iara and have confirmed th
On July 23, 2013, Technip’s Board of Directors approved the second quarter and first half 2013 consolidated accounts. Thierry Pilenko, Chairman and CEO, commented: “Technip’s second quarter results enable us to maintain our 2013 full year revenue and profit objectives. In Subsea, progress and close-
Oceaneering International, Inc. reported record quarterly earnings for the second quarter ended June 30, 2013. On revenue of $820.4 million, Oceaneering generated net income of $98.8 million, or $0.91 per share. During the corresponding period in 2012, Oceaneering reported revenue of $672.5 million
