Category archives for: Operations

Orange to Co-Finance Construction of Sea-Me-We 5 Submarine Cable

Orange to Co-Finance Construction of Sea-Me-We 5 Submarine Cable

Orange is reinforcing its presence on the Asia-Europe network route by signing the construction and maintenance agreement for Sea-Me-We 5 (South East Asia-Middle East-Western Europe 5), a new submarine cable that will link France and Singapore. In its planned configuration, Sea-Me-We 5 will connect Singapore, Indonesia, Malaysia, Thailand, Myanmar, Bangladesh, Sri-Lanka, India, Pakistan, Oman, the […]

Isles of Scilly to Get Faster Broadband with Diverted Subsea Cable

Isles of Scilly to Get Faster Broadband with Diverted Subsea Cable

A submarine cable, part of the operation to divert a 939-kilometre-long fibre optic cable between the UK and Spain to the Isles of Scilly, was pulled ashore on Wednesday. As BT news portal reports, the residents of the Isles of Scilly will be able to order high-speed fibre broadband by the end of the year. […]

BOA Galatea to Carry Out 3D EM Survey Offshore Newfoundland

BOA Galatea to Carry Out 3D EM Survey Offshore Newfoundland

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 commence work. The EM survey will initially target the Flemish […]

Statoil to Use Deepsea Atlantic to Permanently Plug Well 34/10-52A/B at Gullfaks Sør

Statoil to Use Deepsea Atlantic to Permanently Plug Well 34/10-52A/B at Gullfaks Sør

Statoil has received consent to use Deepsea Atlantic for permanent plugging of well 34/10-52A/B at Gullfaks Sør. Gullfaks Sør lies due south of Gullfaks in the northern part of the North Sea. The field has been developed using a total of 12 subsea templates tied back to the Gullfaks A and Gullfaks C facilities. Expected […]

JDR Opens New Offshore Engineering Technology Centre in Cambridge

JDR Opens New Offshore Engineering Technology Centre in Cambridge

JDR, a leading provider of technology connecting the global offshore energy industry, is opening a new offshore engineering technology centre in Cambridge. Building out from JDR’s global HQ in North Cambridgeshire, the new centre will put JDR at the heart of Cambridge’s growing oil and gas innovation community as energy research seeks to exploit reserves […]

Nexans’ First-Half Results in Line with Expectations

Nexans’ First-Half Results in Line with Expectations

The Nexans Board of Directors meeting chaired by Frédéric Vincent on July 24, 2014, approved the Group’s condensed consolidated financial statements for the first half of 2014. Consolidated sales for the six months ended June 30, 2014 came to 3.216 billion euros compared with 3.412 billion euros for the same period of 2013. This year-on-year contraction […]

Forum Achieves Record Revenue in Q2

Forum Achieves Record Revenue in Q2

Forum Energy Technologies, Inc. announced second quarter 2014 revenue of $428 million compared to $368 million for the second quarter 2013. Net income for the quarter was $40 million or $0.41 per diluted share compared to $30 million or $0.32 per diluted share for the prior year period. Included in the second quarter 2014 results […]

Statoil Delivers Solid Operational Performance in Second Quarter

Statoil Delivers Solid Operational Performance in Second Quarter

Statoil’s second quarter 2014 net operating income was NOK 32.0 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.3 billion. “Statoil delivered solid operational performance in the quarter, with continued high production regularity on the Norwegian continental shelf and project execution according to plan. We […]

Lower MultiClient Revenues Impact PGS’ Q2 Results

Lower MultiClient Revenues Impact PGS’ Q2 Results

Petroleum-Geo Services (PGS) released the results for the second quarter with revenues of $337.0 million, compared to $381.7 million in Q2 2013. Second quarter highlight include: – EBITDA of $170.6 million, compared to $209.6 million in Q2 2013, – EBIT, excluding impairments, of $55.3 million, compared to $110.6 million in Q2 2013, – Group EBIT […]

Cameron Reports Record Second Quarter Revenues

Cameron Reports Record Second Quarter Revenues

Cameron 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 a $0.06 per share gain […]







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