Nexans, a worldwide expert in the cable industry, has been awarded a 25 million Euro contract by Subsea 7, a global leader in seabed-to-surface engineering, construction and services to the offshore energy industry, to design and manufacture the direct electrical heating (DEH) system for the subsea
Wood Group Kenny in Indonesia (PT. Wood Group Indonesia) has been awarded a multi-million dollar, three-year general engineering services contract by ConocoPhillips Indonesia Inc. Ltd. to support all of its pipelines and related facilities in Indonesia. Jakarta-based Wood Group Kenny Indonesia will
Endeavour International Corporation reported first quarter 2013 net loss, as adjusted of $12.1 million compared to a net loss, as adjusted of $15.4 million for the same period in 2012. On a GAAP basis, net loss for the first quarter of 2013 was $14.0 million as compared to net loss of $35.3 million
Recently the transformer station for the offshore wind farm Global Tech I was successfully installed. The offshore platform is a core element of the North Sea wind farm: The power from its 80 wind turbines is gathered here and transformed from 30 to 155 kilovolts. The transmission grid operator will
McDermott International, Inc. (“McDermott” or the “Company”) reported net income of $20.6 million, or $0.09 per fully diluted share, for the quarter ended March 31, 2013. The results for the first quarter 2013 compared to income from continuing operations of $61.9 million, or $0.25 per fully diluted
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 increased 5.4% to US$10.8 million for the first quarter ended March 31, 2013 (“1Q2013”) as compared to US$10.3 mil
Royal Dutch Shell plc (Shell) today announces a final investment decision in the Stones ultra-deepwater project, a Gulf of Mexico oil and gas development expected to host the deepest production facility in the world. This decision sets in motion the construction and fabrication of a floating product
A major programme of offshore works are due to start tomorrow (Thursday, May 9) for the European Offshore Wind Deployment Centre (EOWDC) and which could lead to pioneering turbine foundation designs being developed at the more than £230million test facility. The programme involves a series of geotec
Greg Barker, Minster of State for Energy and Climate Change, describes his visit to Falmouth and the FaB Test facility off Falmouth Harbour. FaB Test is a wave test site developed as a partnership between Falmouth Harbour Commissioners, Wave Hub, the University of Exeter, A&P Group, Cornwall Marine
Flexlife, a specialist provider of flexible pipe integrity and engineering services, is expanding into new premises in Houston and targeting US work with a value of nearly £2million in the next financial year. The company, which currently has three members of staff at its US office, is looking to do
Brazil’s state-run oil company Petrobras announced the discovery of good quality oil in the Transfer of Rights area referred to as Entorno de Iara, in the Santos Basin pre-salt region. Well 1-BRSA-1146-RJS (1-RJS-711), known as Entorno de Iara 1, is located at a water depth of 2,266 meters, 235 km o
Providence Resources P.l.c., the Irish oil and gas exploration and appraisal company, whose shares are quoted in London (AIM) and Dublin (ESM), announces its preliminary results for the year ended 31st December 2012. DRILLING PROGRAMME The year 2012 was a landmark year for Providence as operations o
The Department of the Interior’s Bureau of Safety and Environmental Enforcement (BSEE), Noble Energy, Inc. and the Helix Well Containment Group (HWCG) announced the successful completion of a full-scale deployment of critical well control equipment to assess Noble Energy’s ability to respond to a po
Aker Solutions announces results for the first quarter of 2013, with a generated revenue of NOK 11.1 billion, compared with NOK 9.8 billion in the first quarter of 2012. Financial Highlights – Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 868 million in the qu
