Sea Fibre Networks, owner and operator of Europe’s subsea telecoms network, today announced that CeltixConnect, a major fibre gateway that connects Dublin to London and Manchester, is live. This game-changing 144 fibre network enables businesses with the lowest latency solution between Ireland and t
On Thursday the 16th of February, Island Offshore (IO) took delivery of the MV Island Captain, the newest addition the growing IO fleet. The godmother for the vessel is Mrs. Tonje Tiley from ConocoPhillips. The MV Island Captain’s sister vessel, the MV Island Centurion was delivered in October 2011.
In a delicate operation at sea, healthy staghorn coral were transplanted Friday to a threatened reef off the Broward County coast by researchers at Nova Southeastern University’s Oceanographic Center and its internal National Coral Reef Institute (NCRI). “This is the northernmost location on the pla
Petroleum Geo-Services ASA (PGS) released following fourth quarter and preliminary full year 2011 results. Highlights 2011 * Strong EBITDA of $534.8 million * Total MultiClient revenues of $501.8 million, up 28% from 2010, with record late sales of $278.3 million * Continued growth for Data Processi
Alderney Renewable Energy (ARE), the tidal energy developer, has signed agreements for two major projects aimed at creating one of the most significant tidal power sites in Europe. The first agreement is with the French industrial group DCNS for the development of tidal arrays in Alderney’s waters.
Technip was awarded a lump sum contract by Hess Corporation for the development of the Tubular Bells field, located in the Mississippi Canyon area of the Gulf of Mexico at a water depth of approximately 4,500 feet (1,370 meters). The contract covers the design, engineering, fabrication and subsea in
ION Geophysical Corporation reported fourth quarter 2011 revenues of $159.9 million, compared to $158.6 million in the fourth quarter of 2010. Excluding special items ION reported fourth quarter 2011 net income of $23.2 million, or $0.15 per diluted share, compared to net income of $21.2 million, or
Siemens has acquired the majority stake in Marine Current Turbines Ltd., the UK company based in Bristol, which develops and builds tidal power systems. “The acquisition of Marine Current Turbines is an important step forward for the Solar & Hydro Division,” said Ted Scheidegger, CEO of the Solar &
The multi-component seismic company Reservoir Exploration Technology ASA (RXT) has received a contract award from an international oil company for an Ocean Bottom Cable survey offshore Norway. The total survey duration is expected to be 116 days and the estimated contract value is $24.5m. The survey
Det norske oljeselskap ASA has received the go-ahead to develop Jette. Today, the Norwegian authorities approved the Plan for Development and Operation (PDO) of the field, which is operated by Det norske. Jette is the company’s first field development as operator. CEO Erik Haugane states that this r
The Statnett Group reports profit after tax for 2011 of NOK 1 000 million, the corresponding figure for 2010 was NOK 2 198 million. In the fourth quarter of 2011 profit after tax was NOK 226 million, compared to NOK 567 million in the fourth quarter of 2010. In the fourth quarter of 2011 total [&hel
Russia’s biggest shipping company Sovcomflot announces the acquisition of the region’s leading seismic organization Sevmorneftegeofizika (SMNG), in order to set up a seismic survey business of international specifications. According to Kommersant, Sovcomflot will get 100 percent of the shares in SMN
2011 was a very good year for Det norske oljeselskap ASA. The company’s resource base tripled, and Det norske succeeded in securing long-term financing. Statoil, as operator, lifted the estimates for the section of Johan Sverdrup located in production license 265 to between 900 and 1,500 million bar
Total announces the signature of production sharing agreements with the Côte d’Ivoire state and national oil company Petroci for three new ultra-deep offshore licenses. Total will operate the CI-514 license with a 54% interest, in partnership with Canadian Natural Ressources International (36%) and
