Ithaca Energy Inc. announces its quarterly results for the three months ended June 30, 2013 (“Q2 2013”) and half yearly results for the six months ended June 30, 2013 (“H1 2013”). The acquisition of Valiant Petroleum plc (“Valiant”) was completed on April 19, 2013, with the financial results reflecting the takeover of the company from […]
Apache Corporation said today that the third well in the Bacchus Field in the United Kingdom sector of the North Sea has pushed field production past 17,600 barrels of oil per day. Apache has a 50 percent interest in the field. The Bacchus B-1 development well, which commenced production in July, currently is producing 9,400 […]
August 1, 2013 | Posted in
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The subsea industry is doing incredibly well, but is facing challenges such as escalating costs. This is the opinion of Kristian Siem, Chairman of Subsea7 and keynote speaker at UTC 2013. - The cost level in the oil industry has risen rapidly, and is out of step with other sectors. As a result, a number […]
June 3, 2013 | Posted in
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Jersey should focus on research and investment in new energy sources, the island’s minister for the environment Robert Duhamel said to BBC. According to the minister, economic development department innovation fund should be used to back up the development of new energy sources. He also added that the Jersey’s tidal resources should be exploited. BBC […]
Wavebob, an Ireland-based wave energy developer, will hold board meetings for shareholders and investors in order to put the company into liquidation process, according to The Irish Times. The company was hoping to get EUR 10 million in new investment to bridge the finance gap until it could raise funds from investors in the middle […]
Chevron Corporation executives said today at the company’s annual security analyst meeting in New York that the company is continuing to deliver industry-leading operational and financial results and progressing key development projects. “We had another outstanding year in 2012. We continue to lead the industry in total shareholder returns and most other safety and financial […]
March 12, 2013 | Posted in
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The Pacific Islands need to protect their deep sea minerals, Tonga’s Deputy Prime Minister Hon. Samiu Vaipulu told a Pacific-ACP States Regional Workshop on Deep Sea Minerals Law and Contract Negotiations that opened at the Fa’onelua Convention Centre, in Nuku’alofa on March 11. Representatives of 15 Pacific States were attending the week-long workshop. Mike Petterson […]
March 12, 2013 | Posted in
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Aker Solutions reported revenues of NOK 12.0 billion and earnings before interest, tax, depreciation and amortisation of NOK 1.2 billion in the fourth quarter of 2012. Based on the preliminary annual results, which show revenues of NOK 44.9 billion and EBITDA of NOK 4.7 billion, the Board of Directors proposes to pay a dividend of […]
February 15, 2013 | Posted in
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Statoil’s fourth quarter 2012 net operating income was NOK 45.8 billion. In 2012, net operating income was NOK 206.6 billion. Statoil delivered equity production of 2,004 mboe per day in 2012, increased by 8% from 1,850 mboe per day in 2011. Adjusted earnings increased by 7% to NOK 193.2 billion in 2012, from NOK 179.9 […]
February 7, 2013 | Posted in
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The Minister of New and Renewable Energy, DR. FAROOQ ABDULLAH informed Lok Sabha that in order to exploit tidal power, Government of Gujarat has signed a Memorandum of Understanding in January 2011 for establishing a 250 MW tidal power project in Gulf of Kutch with Gujarat Power Corporation Ltd. (GPCL), Vadodara, M/s Atlantis Resource Corporation, […]
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