Eni, the international oil and gas company, announces its group results for the second quarter and the first half of 2012 (unaudited). Financial Highlights: – Adjusted net profit: €3.94 billion for the first half (up 8%); €1.46 billion for the quarter (up 2%); – Net profit: €3.84 billion for the fir
Guernsey Electricity has announced an operating profit of £4.7m for the year up to March 31st 2012. But, managing director Alan Bates said that the company was facing very challenging times that will require significant investment. “We are very pleased to report to our shareholders that Guernsey Ele
Dolphin Geophysical has received a Letter of Intent by Shell South Africa Upstream B.V. for up to 8,000 sq. km 3D seismic acquisition, offshore South Africa. The survey will be acquired by M/V Polar Duchess and will commence in Q4 2012. M/V Polar Duchess is a purpose built high-end 3D seismic vessel
Based on its recent analysis of the wave energy generation market, Frost & Sullivan recognizes Eco Wave Power with the 2012 European Frost & Sullivan Award for New Product Innovation for developing and implementing an all-round solution for effective energy harvesting from waves. “Driven by the ener
Island Offshore, leading suppliers of ship-borne marine services to the world offshore industry, has awarded Veripos a further three-year contract for continuing provision of precision GNSS positioning services for 16 DP vessels. This is in addition to another 6 due to begin service in the near futu
The Pacific Fibre board resolved to cease operations, citing an inability to raise the NZ$400m required to fund the cable build. Pacific Fibre launched in March 2010 and planned to build a 13,000km high-speed fibre-optic cable connecting New Zealand and Australia to California. “A 13,000km cable is
Four guidelines in a series being produced by the Well Life Cycle Practices Forum (WLCPF) have been published yesterday (31 July ) by Oil & Gas UK to improve cross industry understanding of well-related issues on the UK continental shelf. The guidelines have been developed to share current good indu
The Muskrat Falls development reached a significant milestone yesterday, as the Government of Newfoundland and Labrador announced that formal agreements have been reached between Nalcor Energy and Emera Inc. for the development and transmission of hydroelectric power from Muskrat Falls. The agreemen
Siem Offshore announces that the sale and delivery of the Siem Swordfish was concluded on 31 July in line with the charterer’s purchase option that was exercised in December 2009. The gross sales proceeds is in the equivalent of USD 54 million. The proceeds will be used to repay bank debt and to str
A new federal interactive online mapping tool used by emergency responders during the Deepwater Horizon oil spill has been expanded to include the Arctic, and will help address numerous challenges in the Arctic posed by increasing ship traffic and proposed energy development. NOAA and the Department
A plan has been organized by State Oceanic Administration (SOA),China, Chinese Arctic and Antarctic Administration (CAA) and the Polar Research Institute of China (PRIC) to build an advanced new icebreaking research vessel to meet the increased need of polar scientific research. The new vessel will
IBERDROLA, through its UK subsidiary ScottishPower Renewables, has taken the first step towards construction of the Wikinger offshore wind farm in Germany, the largest project of its kind located at such depth (over 40 metres). It has awarded two contracts, worth €18 million, to British company Gard
China announces that its largest oceanographic research center in Qingdao is under construction. As China Daily reported, the Qingdao National Oceanographic Science and Technology Laboratory is expected to grow into a leading oceanographic research institution within 10 years. The center is a joint
The European Marine Energy Centre today (Tuesday, July 31) welcomed the UK’s Energy and Climate Change Minister Greg Barker to its world-leading facilities in Orkney as part of a governmental visit to the region. EMEC – the only accredited wave and tidal test centre for marine renewable energy in th
