Forum Energy Technologies, Inc. announced first quarter 2013 revenue of $373 million compared to $363 million for the first quarter 2012. Net income for the first quarter 2013 was $32 million, down from the first quarter 2012 net income of $42 million. Diluted earnings per share for the first quarte
Scotland’s longest commercial deep-water berth has been created in Orkney with the completion of a new extension at Hatston Pier. The 160-metre extension to the existing 225-metre pier will be officially opened next week by Neil Kermode, Managing Director of EMEC, the Orkney-based European Marine En
Marine Minerals Ltd – the Cornish company aiming to recover tin waste from the seabed off the coast of North Cornwall – announced that its detailed environmental research work has begun. The half a million pound (£500,000) year-long study will look into a range of issues to help ensure the project m
Anadarko Petroleum Corporation today announced its Phobos-1 well in the deepwater Gulf of Mexico encountered approximately 250 net feet of high-quality oil pay in Lower Tertiary-aged reservoirs. “Our 2013 Gulf of Mexico exploration program is off to an outstanding start, as Phobos marks our third si
Alcatel-Lucent and the West Africa Cable System (WACS) consortium have signed a contract for the maintenance of more than 9,000km of the WACS system linking South Africa to Portugal. In commercial service since May 2012, WACS interconnects 13 African countries, unleashing a new wave of broadband cap
On April 23, 2013, Technip’s Board of Directors approved the unaudited first quarter 2013 consolidated financial statements. Thierry Pilenko, Chairman and CEO, commented: “In the first quarter we grew revenue in both our segments, reflecting the strong project awards over the last two years. Subsea
Total announces that the Ivoire-1X exploration well, located in the western portion of Block CI-100 in 2,280 meters of water, encountered 28 meters of net oil pay in a series of about 100 meters of Cretaceous reservoirs. The oil in the abrupt margin geological play is light 35 API oil. Operated by T
Cementing its position as a leading supplier of specialist offshore engineering solutions across international markets, Aquaterra Energy has established Aquaterra Energy Asia Pacific and appointed Ken Crawford as General Manager. Patrick Phelan, Managing Director of Aquaterra Energy, said: “We have
Ulstein Group delivers a good result for 2012 with an operating income of NOK 2.27 billion and an operating profit of NOK 228 million. “We deliver a good result in a demanding market thanks to our competent and hardworking employees and an organisation that provide for execution and delivery precisi
TGS reports net revenues of USD 211 million in Q1 2013, compared to USD 191 million in Q1 2012, a 10% increase. The Company’s operational multi-client investments were USD 126 million, up 24% from Q1 2012. TGS’ net late sales totaled USD 127 million, up 12% from Q1 2012. 1st QUARTER HIGHLIGHTS: – Co
TerraSond Limited has repositioned survey vessel Luna Sea to Alaska. This strategic return enhances TerraSond’s capability to serve clients in the Cook Inlet and South Central Alaska. Headquartered in Palmer, Alaska with offices worldwide, TerraSond has a long history of providing high quality geosp
InterMoor, an Acteon company, has successfully completed a contract with Cross Group, Inc. that included the provision of heave-compensation services for the installation of a Cross 7.0 workover riser package (WRP). An InterMoor compensated anchor-handler subsea installation method (CASIM) unit play
TAQA announced that the development plan for its Cladhan field (Blocks 210/29a and 210/30a of the northern North Sea) has been approved by the UK government. The initial phase of development will consist of two producer wells and one injection well. Cladhan is expected to produce over 17,000 boe/d i
Spectrum announces the start of another Multi-Client 3D survey in the Levantine Basin offshore Lebanon. The survey is approximately 2,200 square kilometer in size and the acquisition will be carried out by Polarcus using its 12-streamer vessel ‘Adira’. The survey is directly North of Spectrum’s 3,05
