DOF ASA , a company which serves the subsea market, announces the total income for the 3rd quarter of 2012 was NOK 63.1 million (NOK 92.0 million in 3rd quarter 2011), with an EBITDA of NOK 57.6 million (NOK 54.9 million) and an EBIT of NOK 46.8 million (NOK 35.5 million) after depreciation and writ
Nordic marine energy technology leader Minesto, with a proven technology to cost efficiently produce electricity from low velocity tidal and ocean currents, has been authorized by the Crown Estate in the UK to perform tidal energy tests in the waters off Northern Ireland. The upcoming tests of Mines
MEO Australia Limited advises that it has Executed a Private Placement Agreement with Asian Energy Limited, a company managed by Noonday Asset Management Asia Pte Ltd (Noonday), to raise $10.0 million, to provide working capital to fund the production testing of Gurame-1XST1. Under the agreement, ME
Leighton Offshore has successfully completed the Single Point Mooring System (SPM) installed for the Tanzanian Ports Authority (TPA) and the first tanker of imported white product (diesel) has been offloaded. The project is located South East of the Port of Dar Es Salaam and comprised the Design, En
Chariot Oil & Gas Limited, the independent Africa focused oil and gas exploration company, announces that it has commenced its 3D seismic survey in Block C19 offshore Mauritania, which was acquired in April 2012 (90% working interest and operatorship). The Company has contracted Fugro-Geoteam AS to
BP was today notified that it was the successful bidder for four deepwater exploration blocks offshore Nova Scotia, Canada. The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) announced that BP was the successful bidder for blocks five, six, seven and eight in the Call for Bids NS12-1. The bloc
On the 19th of October 2012 ITW Densit finalized its part in the famous London Array project. For almost two years, ITW Densit has been working on both offshore and onshore grouting within the London Array project. This included offshore and onshore grouting of 175 wind turbines and the two offshore
TenneT Offshore GmbH has announced tender invitation for supply of subsea cables. The project includes manufacturing, supply and installation of AC submarine cables, including fibre optics, in the region of the cluster SylWin designed for a transmission capacity of up to 300 MW per wind farm and a p
Scotrenewables Tidal Power Limited, founded and based in Stromness, was this week awarded an ‘Agreement for Lease’ from the Crown Estate for a commercial tidal energy demonstrator project to be located at Lashy Sound between the islands of Eday and Sanday in Orkney. The award from Crown Estate, the
ViaLogy PLC announces it has initiated work on a North Sea project for one of the largest geosciences companies. In developed fields such as the North Sea the challenge of locating additional deposits is a well-known impediment to continued economic production. Yet exploitable reserves remain if the
Third quarter 2012 was operationally a very good quarter for the company. The operating margin (EBITDA) was 51 percent in the quarter. – Strong operation is the result of a modern fleet and skilled employees, says CEO Irene W. Basili who focuses on the opportunities this creates: – We have a contrac
Milan (Italy) hosted yesterday a meeting of the South Stream Transport Board of Directors. The Board of Directors which includes representatives from Gazprom, Eni, EDF and BASF discussed the key issues of the South Stream project and adopted the final investment decision for the offshore gas pipelin
His Excellency Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry of the State of Qatar, Chairman and Managing Director of Qatar Petroleum, and Yves-Louis Darricarrère, Total’s President, Upstream, signed a Heads of Agreement on Al Khalij field, offshore Qatar, for a further 25 years. L
SBM Offshore announces consolidated revenues up almost 13% for the nine months to 30 September 2012. Since the start of the third quarter, the Company secured financing for two large scale FPSOs for a total of over US$ 1.5 billion. The Company is also pleased to announce the sale of GustoMSC, a non-
