Nalcor has signed a multi-client license agreement with Electromagnetic Geoservices ASA (EMGS) for regional 3D Electromagnetic (EM) Survey data over frontier areas of Newfoundland’s offshore. The Boa Galatea, the vessel that will carry out the survey, is in the Port of St. John’s preparing to start
Rosneft, a leader of Russia’s petroleum industry and the world’s largest publicly traded petroleum company, has published interim consolidated financial statements for 2Q14. In 1H14, the Company continued to demonstrate strong financial results due to stable hydrocarbon production levels, successful
IHC Hytech, part of Royal IHC, has secured an order for two innovative containerised air-dive spreads from Bluestream, an offshore and subsea company that operates in the oil and gas, and renewable energy sectors. These high-quality systems consist of a containerised 1,800mm decompression chamber wi
Gulf Island Fabrication, Inc. have signed a cooperative agreement with Bechtel Oil, Gas, and Chemicals, Inc. to work together to pursue opportunities for offshore projects for the U.S. Gulf of Mexico and abroad. Gulf Island’s fabrication experience, infrastructure, and skilled labor along with Becht
On July 22 in Havana, Capital of Cuba, CNPC and CUPET, cuban state oil company, signed a framework agreement on increasing crude output and production sharing, and a cooperation agreement on drilling services. The contract was signed in the presence of Chinese President Xi Jinping and Cuban Presiden
With the signing of the Water Resources Reform and Development Act of 2014 earlier this year, many people expected construction of the Savannah Harbor Expansion Project (SHEP) to start immediately. However, several actions need to take place before construction can occur. “Environmental monitoring r
Atlantis, owner of the world’s largest planned tidal current energy project, MeyGen, and tidal energy equipment supplier, announces that it has signed a turbine supply agreement with Andritz Hydro Hammerfest to supply three 1.5 megawatt tidal power turbines for Phase 1A of the MeyGen project in the
The Province of British Columbia and the National Energy Administration of the People’s Republic of China signed a Memorandum of Understanding (MOU) on Thursday to strengthen energy trade and investment. “The continued growth of our economies depends on foresight and partnership,” said Premier Chris
Statoil has delivered results for the second quarter 2014. Net operating income was $5.16 billion (NOK 32.0 billion), a decrease of approximately $371 million (NOK 2.3 billion) compared to the second quarter of 2013 adjusted earnings were $5.21 billion (NOK 32.3 billion). “Statoil delivered solid op
Archer Limited has announced that Statoil Brasil Oleo e Gas Ltda., has exercised the first of two options to extend its contract with Archer for the provision of Platform Drilling Management Services on their Peregrino Field Development. The original contract was for a fixed four-year term starting
Hibiscus Petroleum Berhad has announced that its jointly-controlled entity, Lime Petroleum Norway AS has decided to surrender PL509S, PL509BS and PL509CS, all of which are located in the North Sea, following the deadline for a drill or drop decision by 23 July 2014. Following the assessment of resul
On the Eastern Shore’s lacey, Atlantic-facing coast, two main channels in Finney Creek and Bradford Bay cut their way inland toward the Victorian-era town of Wachapreague, Virginia. The channels, which provide tourism and commerce to Wachapreague and navigation abilities to the U.S. Coast Guard, hav
As a part of President Obama’s continuing commitment to help coastal communities recover from Hurricane Sandy and promote resilient coastal systems, the Bureau of Ocean Energy Management (BOEM) and the Commonwealth of Massachusetts signed a two-year cooperative agreement totaling $200,000 to evaluat
Cameron has reported earnings per share for the second quarter of 2014 of $1.00 excluding unusual items. This compares to earnings per share for the second quarter of 2013 of $0.77 excluding unusual items. The unusual items for the second quarter of 2014 were after-tax credits of $0.02 per share and
