The Welsh Government has given its approval to the development of the Skerries Tidal Stream Array, which will be Wales’ first commercial tidal energy farm. The Skerries tidal array, one of the largest of its kind to be consented in the UK, will be developed by Siemens-owned Marine Current Turbines (
Neptune Marine Services Limited has reported a statutory operating loss before tax of $21.952m (Dec 2011: profit $1.840m), the consolidated loss of the Group after providing for income tax amounted to $22.446m (Dec 2011: profit $1.278m). The group suffered a downturn in revenue in the first half wit
On Feb. 28, Apache reported that well control operations at Main Pass 295 have been successfully completed. The bottom of the well has been plugged and cemented and the migration of natural gas to another sand formation (which was occurring approximately 1,100 feet beneath the seafloor) has been sto
Gassco AS (Gassco) has received consent for disposal of the H-7 facility. The H-7 facility is located in the German sector of the North Sea and was used as a compressor platform along the Norpipe pipeline from 1977 to 1999. The facility will now be disassembled and removed from the site. Operating c
NCS Survey AS has been awarded a three-year contract with two one-year options with Norwegian operator Statoil for the supply of rig positioning services on the Norwegian Continental Shelf. The contract commenced on the first of the year. NCS Survey AS was established in November 2012 and is based i
2H Offshore Inc., an Acteon company, has recently been awarded a Steel Catenary Riser (SCR) detailed design project with LLOG Exploration Company. The SCRs will be the first attached to the Exmar OPTI-11000 semi-submersible. The scope of work includes the provision of detailed design of the producti
Chevron Corporation today announced that it had conducted a successful production test on the St. Malo PS003 well in the prolific Lower Tertiary trend in the deepwater Gulf of Mexico. Oil flow rates, though limited by testing equipment constraints, exceeded 13,000 barrels of oil per day. The test, i
Dril-Quip, Inc. announced net income of $31.0 million, or $0.76 per diluted share, for the three months ended December 31, 2012, versus net income of $28.1 million, or $0.70 per diluted share, for the fourth quarter of 2011. Total revenues were $188.5 million during the quarter ended December 31, 20
The Petroleum Administration of the Republic of Lebanon has announced a seminar event in London on 7th March to promote pre-qualification for the first Lebanese offshore licensing round. Representatives from the Petroleum Administration will give keynote talks on the latest information regarding the
ABB, the leading power and automation technology group, has received an order worth around $10 million, from Landsnet, the Icelandic transmission system operator, to supply a high-voltage submarine and underground power-cable system that will transport electricity from the mainland to the volcanic i
Electromagnetic Geoservices ASA (EMGS) announces that it has secured multi-client late sales worth approximately USD 10 million. These sales stem from a combination of the company’s 3D EM data library in Brazil, the Norwegian Sea and the Barents Sea. The revenues will be recognized in the first quar
PGS completed its 6th MC3D survey offshore Lebanon on February 19. The 2,200 sq km PGS MC3D LEB2013 survey will be available for the upcoming license round. The survey, acquired in cooperation with the Lebanese Ministry of Energy and Water, is the first 3D to be acquired in Lebanon using GeoStreamer
CGG announced its non-audited fourth quarter 2012 and full year consolidated results. The fourth quarter and full year 2012 results are presented before the $(48) million impact of non-recurring items related to the acquisition of the Fugro Geoscience Division. 2012 Key Figures: – 2012 Revenue at $3
Royal Dutch Shell plc (“Shell”) announced it will pause its exploration drilling activity for 2013 in Alaska’s Beaufort and Chukchi Seas to prepare equipment and plans for a resumption of activity at a later stage. “We’ve made progress in Alaska, but this is a long-term programme that we are pursuin
