Chevron Corporation reported earnings of $5.1 billion ($2.58 per share – diluted) for the fourth quarter 2011, compared with $5.3 billion ($2.64 per share – diluted) in the 2010 fourth quarter. Full-year 2011 earnings were $26.9 billion ($13.44 per share – diluted), up 41 percent from $19.0 billion
For the new connection of the North Sea island Borkum to the mainland power grid, Norddeutsche Seekabelwerke GmbH (NSW) has been awarded by EWE NETZ GmbH the order to supply a medium-voltage submarine power cable of 25 km length. The 33 kV submarine cable consists of three 120 mm2 power cores plus t
The Norwegian Government has awarded RWE Dea Norge seven new licenses, of which two as operator in the latest Awards in Predefined Areas round for 2011 (APA 2011). The two licenses awarded to RWE Dea as operator, each with a 40% share are situated next to the company’s operated license PL330 in the
Bezeq International, Israel’s leading Internet and international telecoms provider, has selected Interoute Communications Ltd, owner and operator of Europe’s largest cloud services platform, to expand its physical network right into the heart of Europe. “JONAH”- the 2,300km submarine cable – will co
Reservoir Exploration Technology ASA (RXT) has received final contract award from Hess Equatorial Guinea, Inc. for an Ocean Bottom Cable survey on the Elon Field area of the Okume Field off the coast of Equatorial Guinea, West Africa. The objective of the project is to replicate a 2003 streamer surv
Western Process Controls have been one of Western Australia’s premier valve suppliers for the past 27 years, primarily in the Topside and Downstream market segments. With the advancements in subsea technology, making more subsea production processes possible and significant subsea projects in WA has
The Trans Adriatic Pipeline started a near-shore survey near San Foca, Lecce, in Italy on Tuesday, the 24th of January. The purpose of the survey is to collect samples of the soil on the Adriatic seabed along the future route of the natural gas pipeline, which plans to bring Caspian gas to southern
Aubin, a leading independent supplier of specialist chemicals to the energy industry, has announced a strategic partnership with an agent in Brazil. The partnership agreement with Nortech, which covers the provision of pipeline gels and pig gels, will assist Aubin in accessing the Brazilian market w
Williams Partners L.P. and DCP Midstream Partners, LP announced a planned expansion of the Discovery natural gas gathering pipeline system in the deepwater Gulf of Mexico. Discovery intends to construct the Keathley Canyon Connector, a 20-inch diameter, 215-mile subsea natural gas gathering pipeline
Bolt Technology Corporation announced financial results for the second quarter and the first six months of fiscal year 2012. Sales for the second quarter of fiscal year 2012, the three months ended December 31, 2011, amounted to $14,588,000 compared to $10,124,000 for the second quarter of fiscal ye
The Norwegian Petroleum Directorate has received the plan for development and operation (PDO) for the oil and gas discovery 30/7-6 Hild in the North Sea. Total is the operator for the development. Total recoverable reserves in the discovery are estimated at 29 million cubic metres of recoverable oil
The Norwegian Petroleum Directorate has received the plan for development and operation (PDO) for the oil and gas discovery 16/1-8 “Luno” in the North Sea. Lundin is the operator for the development. Total recoverable reserves in the discovery have been estimated at 29.1 million cubic metres of oil
McDermott International, Inc. announced today that its Australian subsidiary has received and signed a letter of award for the Ichthys Gas-condensate Field Development subsea umbilical, riser, flowline (SURF) project by INPEX. The contract value is in the order of magnitude of US$2 billion and is th
DONG Energy annouced that despite the weather, it has been possible to energise the next cable string with eight turbines. Energizing the cable string is a vital part of the commissioning of the turbines, and the eight turbines connected to the string are expected to have first power in near future
