Osiris now has the capability to support East coast offshore renewables customers locally through a new shoreside support base in Grimsby. The Port of Grimsby East was chosen due to significant investment made in the area in recent years and the growing presence of renewable energy companies as an attractive location to service their wind […]
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Council Leader, Councillor Ieuan Williams, has expressed disappointment that plans to develop a large scale wind farm off the Anglesey coast will no longer go ahead. The proposed 2.2GW Rhiannon Wind Farm, developed by Celtic Array Ltd. (a joint venture ownership of DONG Energy and Centrica), would have been located some 12 miles off the […]
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Further to the announcement of 9 June 2014, Circle Oil Plc, the Middle East and Africa focused oil and gas exploration, development and production company, has provided an update on the EMD-1 exploration well, offshore Tunisia. The well was spud on 8 June 2014 and drilled to 753 metres MD after which the 20 inch […]
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Subsea 7 S.A. has announced that the Company’s $200 million share repurchase programme, previously announced on 7 October 2013, has been completed. The cumulative number of shares repurchased as part of this programme was 10,710,315 for a total consideration of $198.8 million. The Company’s Board of Directors yesterday authorised a further share repurchase programme of […]
Enterprise Products Partners L.P. and Genesis Energy, L.P. have announced that their jointly owned crude oil gathering pipeline serving the Lucius production area in southern Keathley Canyon is now mechanically complete and began earning revenues July 1, 2014. Constructed and owned by Southeast Keathley Canyon Pipeline Company, L.L.C. (“SEKCO”), a 50/50 joint venture between Enterprise […]
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TGS reports net revenues of USD 205 million in Q2 2014, compared to USD 210 million in Q2 2013. Earnings before interest and taxes (EBIT) totaled USD 82 million, corresponding to an EBIT margin of 40%. The Company’s net pre-funding revenues were USD 60 million, up 39% from Q2 2013. Backlog of USD 224 million […]
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Funded by the Intelligent Energy Europe programme, the SI Ocean project’s Market Deployment Strategy makes several high-level recommendations for commercialising the emerging wave and tidal energy sectors. The SI Ocean (Strategic Initiative for Ocean Energy) project’s goal is to deliver a common strategy for ensuring maximal wave and tidal installed capacity by 2020, paving the […]
Paradigm Flow Services, the blockage removal experts for the oil and gas sector, has invested $7.1 million (£4.25 million) in a new headquarters and test centre as it advances its global ambitions. The company is taking a 15 year lease on Paradigm House in Drumoak from MacDonald Properties (Aberdeen) Ltd which will provide capacity for […]
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For the first time in history of Arctic Rosneft will carry out integrated ecologic fishery research on three licensed sites (LS) of Laptev Sea: Anisinsko-Novosibirsky, Ust’ Lensky and Ust’ Oleneksky. The Program of ecologic fishery research realization is the first and obligatory part of licensed sites water areas geologic research, which includes geological and ichthyological […]
Osiris, a provider of diving services and remotely operated vehicles (ROVs) has successfully enhanced their capability with a new LARS. The new LARS includes a TMS (Tether Management System), which is the first of its kind at Osiris, enhancing their capabilities within the market. This inclusion provides the client with more options when looking to hire […]
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