Cameron has delivered a record-level of fully diluted quarterly earnings per share from continuing operations, excluding other costs, of $1.34 for the fourth quarter of 2014, compared to $0.90 for the same period of 2013. Cash generated by operations was $938 million in the fourth quarter of 2014, a
Oslo-listed seismic player, SeaBird Exploration, has announced an agreement on the principal terms of a consensual restructuring of the SeaBird group that will facilitate a comprehensive restructuring of the group’s balance sheet and provide new funding for the SeaBird group. As previously announced
GDG, an Irish based geotechnical engineering consultancy, have successfully completed Stage 1 of foundation testing for a tidal turbine project for OpenHydro. GDG explored the interaction of the structure’s vertical self-weight and the horizontal environmental loading in order to optimise the turbin
Despite all the efforts over the last 328 days, the search unfortunately has yet to yield the location of the missing Malaysia Airlines Flight MH370. The plane, with 227 passengers, 2 flight crew and 10 cabin crew on board, was en route to Beijing from Kuala Lumpur when it went missing. The Search a
North American Submarine Cable Association (NASCA), in order to safeguard national security and economic interests, has urged BOEM to adopt measures to protect existing and planned submarine cable systems. According to NASCA these submarine cable systems comprise the core of U.S. international commu
Royal Dutch Shell has announced it will reduce spending by more than $15 billion in the next three years due to decline in oil prices. Shell’s boss Ben van Beurden says: “Our strategy is delivering, but we’re not complacent. Weaker oil prices underline that there’s a lot more to do. The three themes
The global well intervention market is expected to be worth $17.5 billion by 2018, up from $9.97 billion in 2013, with a CAGR of 11.9%, according to Research and Markets forecast. Continuous depletion of oil reserves and increasing demand for oil all over the world, have created a huge market potent
SAExploration has secured a contract for ocean-bottom marine seismic data acquisition services collectively valued at approximately $45 million. The Company expects to execute the projects during the second and third quarters of 2015. These projects will be performed using ocean-bottom nodal seismic
The Research & Development Corporation (RDC) has invested $4.9 million in a multi-purpose survey, support and research and development vessel to be stationed in St. John’s. The total cost to design, build and operate such a vessel over a 10-year period is estimated at more than $100 million which wi
Tidal Energy Ltd, Welsh tidal developer company, has completed the fabrication and assembly of DeltaStream tidal energy device and it’s waiting for stable weather conditions to deploy it into Ramsey Sound. According to Tidal Energy Ltd, the 400 kW DeltaStream device is fully commissioned, grid conne
Aberdeen based Ashtead Technology has announced a 23% rise in turnover and almost 40% increase in profits for the year ended April 2014. The subsea technology company, which specialises in the sale and rental of subsea equipment and associated services, has seen turnover increase from £22.2 million
Danish energy company, Dong Energy, will upgrade all turbines on 91 2.3MW turbines installed at Horns Rev 2 offshore wind farm. The company named larger than expected wear, caused by strong wind mixed with water, sand and salt, on seven-year-old blades as the reason for the refit job. Total of 273 b
Maersk Oil UK has awarded Ramboll Oil & Gas the detailed design for the two jackets for a central processing facility platform and a separate utilities and living quarter platform for the Culzean field offshore Aberdeen. The projects are awarded following Ramboll’s successful completion of the Culze
Cabling specialist VBMS has been awarded a contract to assist dredging and marine contractor Van Oord with the export cable installation for the Gemini Offshore Wind Farm. The scope of work for VBMS includes the installation of 2 cable sections with a total length of 11 km in the transition area bet
