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IHS CERAWeek: Eni CEO Says Mozambique Gas ‘Competitive’ Due To Low Costs

April 26, 2015

Low natural gas extraction costs in Mozambique will allow Italian energy company Eni SpA to produce liquefied natural gas (LNG) from the country that is very competitive, Chief Executive Officer Claudio Descalzi said on Wednesday. Descalzi, speaking at IHS CERAWeek in Houston, said the company’s LNG facilities would become operational in Mozambique in 2020. A… Continue Reading »

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Fugro Completes Hornsea Project One Geotechnical Campaign

April 26, 2015

A UK supplier has completed one of the largest seabed investigation campaigns in the history of the offshore wind industry in preparation for DONG Energy’s 1.2 gigawatt Hornsea Project One, DONG Energy reported. Located 120km off the Yorkshire coast, the project is scheduled to go into operation by 2020 when it will be able to… Continue Reading »

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Kentish Flats Cables Ready for Load Out

April 25, 2015

Cables for the Kentish Flats Extension project will start load out onto the vessels in Nordenham in Germany on 1 May.    The vessels BoDo Installer and Nostag 10 will transport the cables to the Kentish Flats Extension site where they will begin laying the cables later that month. Manufacturing of the cables was carried out ahead of… Continue Reading »

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Kinder Morgan CEO: Effective Communication Still Needed in Industry

April 25, 2015

Oil and gas leaders haven’t done a good enough job of explaining how important the energy industry is, energy tycoon Richard Kinder, CEO of Kinder Morgan, told attendees of IHS CERAWeek Wednesday afternoon. Kinder, who heads up North America’s largest energy infrastructure company which controls 84,000 miles of pipeline, cited opposition from those against pipeline… Continue Reading »

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Aquamarine Power Gets New CEO

April 25, 2015

Aquamarine Power has appointed Dr Paddy O’Kane as the company’s Chief Executive Officer, replacing interim CEO John Malcolm who has stepped down after six months in the role. O’Kane has been Aquamarine Power’s Chief Technical Officer since 2010. Prior to this he was Head of Engineering and Wind Resource Assessment at SSE Renewables, with responsibility… Continue Reading »

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Petrobras Takes $17B Charge In Wake Of Scandal, Promises ‘Normality’

April 25, 2015

Brazilian state-run oil company Petrobras reported its biggest-ever loss on Wednesday, the result of a 50.8-billion-real ($16.8 billion) write-down in the wake of a massive corruption scandal. The 2014 full-year net loss of 21.6 billion reais, which exceeds the company’s total accumulated profit for nearly four years, comes as new Chief Executive Aldemir Bendine seeks… Continue Reading »

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Oceaneering Takes Profit Dive

April 25, 2015

Subsea engineering specialist, Oceaneering, has reported a drop in first-quarter earnings for the period ended March 31, 2015 as revenues declined on lower demand. On revenue of $786.8 million, Oceaneering generated net income of $69.5 million, or $0.70 per share. During the corresponding period in 2014, Oceaneering reported revenue of $840.2 million and net income of… Continue Reading »

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Marine Ecology Diving Initiative Launched

April 25, 2015

MESL, part of the Gardline family of companies, are experts in marine ecological consultancy, taking adaptive scientific approaches to investigate habitats and ecosystems offshore. They are joining our experienced commercial diving team to get closer to the marine life they are studying. This offers clients the marine ecological expertise of a trusted provider with WA… Continue Reading »

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Norway Launches Expanded Oil Licensing Round in Mature Areas

April 25, 2015

Norway launched its 2015 oil and gas licensing round in mature areas on Tuesday, expanding it to include blocks near recent discoveries, hoping for additional resources to make future developments more profitable. Western Europe’s biggest energy producer regularly offers blocks that were either handed back or not taken in previous rounds as technological advances and… Continue Reading »

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