Superior Energy Services, Inc. announced net income of $19.4 million, or $0.24 per diluted share on record revenue of $580.0 million for the fourth quarter of 2011, and non-GAAP adjusted net income of $54.6 million, or $0.67 per diluted share, after excluding the following: * A pre-tax, non-cash $46
MEO Australia Limited advises that the Commonwealth – West Australia Offshore Petroleum Joint Authority has approved MEO’s application to vary the Minimum Work Requirements of the WA-454-P Exploration Permit in the Joseph Bonaparte Gulf region of the Timor Sea (Petrel sub-basin). The variation repre
A diverless and ROVless bend stiffener connector from subsea connector specialist First Subsea has enabled Nexen Petroleum UK Ltd. to complete the tie-back of an umbilical connector from the Blackbird field to the nearby Ettrick field’s FPSO Aoka Mizu in the UK central North Sea First Subsea conduct
Kongsberg Evotec, a wholly owned subsidiary of Kongsberg Maritime, has established a new department dedicated to developing its crane and lifting products for the offshore supply and subsea segment. The department, which opened officially in January 2012 is based in Molde, Norway, with production ta
GeoRXT B.V., the joint venture between Georadar Levantamentos Geofísicos S/A and RXT, has been awarded its first contract in Brazil by Petróleo Brasileiro S/A to acquire OBC data over the Marlim and Marlim Leste fields. The contract value is estimated to USD 103 million and commencement of the work
Further expanding its presence in Australia’s liquefied natural gas (LNG) sector, GE Oil & Gas has received a contract of more than USD$150 million from Apache in Australia to supply subsea equipment for the Julimar Development Project, located offshore near Dampier in Western Australia. The Apache-
One of the key elements in the successful construction of an offshore wind park is the skilful installation of cables – a complicated task that is often subject to huge repair costs. Cable damage causes over 70% of all insurance claims on installed wind parks, which shows that there is great need fo
On the 23rd of February the Trans Adriatic Pipeline started a nearshore survey north of Vlore in south-eastern Albania. The purpose is to collect samples of the seabed soil near the Albanian coast along the planned route of the natural gas pipeline, which plans to bring Caspian gas to southern Italy
Chinese corporation, BGP, announces the launch of 2D seismic survey for exploration of oil and gas in two blocks of the Bay of Bengal. Energy and Mineral Resources Division secretary says that the survey started this week, and should end by April. BGP was chosen by ConocoPhillips to conduct the surv
Gujarat state government has revealed its intention to explore, in the upcoming years, the state’s tidal power generation potential, along with solar energy and wind power, in order to pursue huge power generation capacity. This project has already been granted Rs 25 crore. Gujarat Energy Developmen
ASCO Group, the world’s leading oil and gas logistics company, has been awarded the contract to build and operate a Marine Supply Base in Darwin, Australia. Work on the $110 million base will commence in April and be completed by the end of 2013. The project is being developed through ASCO’s subsidi
Kenya’s fourth submarine cable, the Lower Indian Ocean Network (LION2), will go live in April, the CapitalNews noted. The cable was landed in Mombasa in December 2011 and is at this time waiting for connection, the Orange Kenya company informed. Company’s Chief Corporate Communications Officer said
Canadian mining company, Endeavour, offers 45 million US dollars to the Cook Islands authorities to get the permit for exploration of the country’s seabed to determine its mining prospective. The deep-sea mining minister, Tom Marsters, has informed parliament this week that the offer is on the table
Lansdowne Oil & Gas, announces an update of the interpretation of the recently processed 3D seismic surveys acquired in the summer of 2011, over its prospects in the North Celtic Sea, offshore Ireland. Amergin Prospect (Standard Exploration Licence 5/08 – part-Blocks 47/25, 48/21 & 22) Interpretatio
