Norwegian geophysical contractor, Magseis, has reported net profit of USD 1.6 million or $0.06 basic earnings per share in the second quarter 2015, compared to net profit of USD 220K or $0.01 basic earnings per share during Q2 2014. The Oslo-listed company has seen its revenue almost flat at USD 16.
The plan for development and operation (PDO) for Johan Sverdrup, phase one, was approved by the Ministry of Petroleum and Energy on Thursday (August 20). In addition the associated plans for installation and operation (PIO) for transportation pipelines and power supply from shore were approved. “We
Conductor Installation Services (CIS), an Acteon company, has installed directional conductors to form the basis of two new production wells as part of a major project offshore Australia. “Because the project plays such a vital role in the supply of gas to Australians, we are acutely aware of how im
Offshore maintenance contractors Offshore & Wind Assistance (OWA) and EWE Offshore Service & Solutions GmbH (EWE-OSS) have been hired to provide operation and maintenance services to the Gemini offshore wind farm in the Dutch North Sea. The 600MW Gemini offshore wind park, located 85 km north of the
GAC Singapore has informed that from August 24 to September 11 underwater sea measurement will be carried out south of Pulau Bukom Kechil. According to GAC, working hours will be between 0900 – 19:30 daily, excluding Sundays. The monitoring of the underwater sea measurement will be carried out from
Norway’s Farstad Shipping has seen red in the second quarter of 2015 as impairments and currency losses drove the company into a loss. Namely, Farstad’s profit after taxes (PAT) was negative NOK 119.5 million, versus positive PAT of NOK 46.7 million a year earlier. Furthermore, first-half (1H 2015)
Energinet.dk is planning a replacement of two sections of the submarine cable at the Anholt offshore wind farm during September and October. In February, there was an error in the submarine cable that connects the Anholt offshore wind farm to the grid on land. Since then, Energinet.dk in cooperation
Norwegian vessel owner, Eidesvik Offshore, has seen its second quarter 2015 profit after tax at 144.7 million Norwegian kroner ($17.5 million) versus a loss of 1.9 million kroner (approx. $230K) same time last year. Furthermore, the Oslo-listed company bounced back from a first-quarter loss of NOK 1
Siem Offshore has plunged deeper into the red, following a net loss in the previous quarter, as the challenging OSV market takes its toll. The Oslo-listed company recorded net loss of $45 million compared to net profit of $12.1 million in the year-earlier period. The net loss attributable to shareho
Electromagnetic Geoservices (EMGS) has recorded revenues of USD 12.1 million in the second quarter 2015, down from 32.3 million in the previous quarter and from USD 42.5 million in the second quarter 2014. The results were negatively affected by extraordinary costs related to the company’s cost redu
The Sustainable Energy Authority of Ireland (SEAI) has awarded funding to ORPC Ireland for conducting a feasibility assessment to identify tidal energy development opportunities in the coastal waters of County Donegal, Ireland. The project will review existing resource data, evaluate grid accessibil
Atmocean, a US wave energy developer, has retrieved its wave energy system that was deployed off Ilo, Peru. The system was deployed on July 5, 2015, and remained on sea trials for three weeks. Atmocean stated the system experienced wave heights of 4 m over diurnal cycles during the deployment. The d
OneSubsea, a Cameron and Schlumberger company, was awarded a contract in the second quarter of 2015 to supply subsea processing systems for the Shell Offshore Stones development in the Gulf of Mexico. This award follows a Technology Qualification Program and will deliver the “industry’s first” 15,00
Alaska Center for Energy and Power (ACEP) has started preparations ahead of announced additional testing of Oceana in-river turbine. According to ACEP, works at the its Energy Technology Facility are ramping up for the testing of the Oceana Energy’s in-river turbine as the testing of the turbine at
