Top Stories POSH gets strong support in IPO

POSH gets strong support in IPO

PACC Offshore Services Holdings Ltd. has received strong support in an Initial Public Offering on the Main Board of the Singapore Exchange Securities Trading Limited this year. Related: PACC Offshore Services Holdings files for IPO of...

April 24 2014 / Read More »
Cameron reports record 1Q revenue

Cameron reports record 1Q revenue

Cameron, a provider of flow equipment products, systems and services to international oil and gas industry, has reported earnings per share for the first quarter of 2014 of $0.75 excluding charges and discontinued operations.   This compares...

April 24 2014 / Read More »
Foxhol Yard launches Subsea Support Vessel

Foxhol Yard launches Subsea Support Vessel

The new-build Subsea Support vessel, named MV Deep Helder, was launched at Foxhol Yard Groningen on 23rd April. The vessel will be equipped with Survey and ROV systems, an offshore crane and 3 moonpools. It...

April 24 2014 / Read More »
Diamond Offshore 1Q profit at $146M. CEO pleased

Diamond Offshore 1Q profit at $146M. CEO pleased

Diamond Offshore Drilling, Inc. today reported net income for the first quarter of 2014 of $146 million, or $1.05 per share, compared with net income of $176 million, or $1.27 per share, in the same...

April 24 2014 / Read More »
PetroVietnam hires Ocean Quest drilling rig

PetroVietnam hires Ocean Quest drilling rig

Diamond Offshore, a U.S.-based offshore drilling contractor, has secured a contract for one of its rigs in Vietnam. The Ocean Quest semi-submersible drilling rig will begin its contract with Vietnamese oil and gas company PetroVietnam...

April 24 2014 / Read More »
Leni Gas and Oil decides against MOG case appeal

Leni Gas and Oil decides against MOG case appeal

Leni Gas and Oil (LGO) will not appeal against the court judgement in the case against Medditerranean Oil & Gas Plc concerning a 2012 transaction of offshore blocks in Malta. Leni Gas and Oil, in...

April 24 2014 / Read More »
Prosafe fleet utilisation in 1Q at 76 pct

Prosafe fleet utilisation in 1Q at 76 pct

Prosafe, a Cyprus-based owner of offshore accommodation rigs, has announced that its fleet utilisation in the first quarter of 2014 was 76 per cent with eight vessels Safe Caledonia, Safe Astoria, Safe Concordia, Safe Lancia,...

April 24 2014 / Read More »
Repsol spuds Welwitschia well (Namibia)

Repsol spuds Welwitschia well (Namibia)

Spanish oil company Repsol has kicked off drilling operations off the coast of Namibia. Tower Resources plc, which owns a stake in the licence, said it received formal notification from Repsol, the Operator of Namibia PEL0010...

April 24 2014 / Read More »
Headlines

DW: $24 bln to be spent on offshore helicopters by 2018

Douglas-Westwood forecasts $24 billion in expenditure on offshore helicopter services between 2014 and 2018, a 57% increase in comparison to the preceding five-year period....

Apr 24 2014 / Read More »

Denmark offers North Sea blocks in 7th Licensing Round

The Danish Energy Agency is opening the 7th Licensing Round for interested oil and gas companies, who are invited to submit applications to the...

Apr 24 2014 / Read More »

Noble Energy profit drops to $200M in 2Q 2014

Noble Energy, Inc. announced today first quarter 2014 net income of $200 million, or $0.55 per diluted share on total revenues of $1.4 billion....

Apr 24 2014 / Read More »

Saudi Aramco keeps three Rowan jack-ups

Saudi Aramco, a Saudi Arabian oil company, has extended contracts for three jack-up rigs with Rowan, a Houston-based drilling contractor. ...

Apr 24 2014 / Read More »

CNOOC sells $4B of bonds to pay for part of Nexen transaction debt

CNOOC Limited announced on April 23, 2014 New York time the pricing of its offering of US$4,000 million aggregate principal amount of guaranteed notes....

Apr 24 2014 / Read More »

Vallianz project bids worth over $1.2 bln

Following its entrance into the Kingdom of Saudi Arabia through the acquisition of Rawabi Swiber Offshore Services Co. Ltd. in October 2013, Vallianz Holdings...

Apr 23 2014 / Read More »

PTTEP buys Hess’ subsidiaries in Thailand for $1B

Thailand’s PTT Exploration and Production Public Company Limited or PTTEP today signed Share Purchase Agreements (SPAs) to acquire 100% equity stakes of the subsidiaries...

Apr 23 2014 / Read More »

BP sells Alaska oilfields to Hilcorp

BP today announced that it has agreed to sell interests in four BP-operated oilfields on the North Slope of Alaska to Hilcorp. The sale...

Apr 23 2014 / Read More »

FMC Technologies reports Q1 11 pct revenue rise

FMC Technologies, Inc. has reported first quarter 2014 revenue of $1.8 billion, up 11 percent from the prior-year quarter. Diluted earnings per share were...

Apr 22 2014 / Read More »

Lamprell delivers Golden Eagle PUQ. Enters Guinness World Records book

Lamprell has today announced completion and delivery of a PUQ (Production Utilities Quarters) deck for the Golden Eagle Area Development (GEAD) in the North Sea to...

Apr 22 2014 / Read More »




Also in the News

Energid’s robotics software project for drilling operations moves forward

Energid’s robotics software project for drilling operations moves forward

Energid Technologies has announced a new phase of development with Norway’s Robotic Drilling Systems AS, which secured significant follow-on investment from oil industry partners last week. Energid will continue to tailor its premier robotics software, Actin, to meet the needs of oil and gas drillers...

Apr 24 2014 / Read More »

Orga Offshore to launch new digital offshore navigational aid system at OTC 2014

Orga Offshore to launch new digital offshore navigational aid system at OTC 2014

Orga Offshore has announced that the company will be launching its latest digital aids to navigation system at the Offshore Technology Conference 2014 at Reliant Park in Houston from 5-8 May. A world leader in the design and manufacture of marine navigational aids, Orga’s next-generation offshore platform marking...

Apr 24 2014 / Read More »

Fincantieri to use Aveva’s software for drillship Proxima

Fincantieri to use Aveva’s software for drillship Proxima

Fincantieri Offshore has signed a contract with Aveva to implement Aveva Marine software in the concept design phase of Proxima, a major offshore drillship project. Proxima is a revolutionary design with an innovative drilling system that significantly increases the speed of the drilling process. It...

Apr 24 2014 / Read More »

Chevron calls businesses to engage in STEM, promote engineering

Chevron calls businesses to engage in STEM, promote engineering

Chevron Corporation, as part of National Science Week, has issued a call to action to other businesses to join the company in supporting project-based learning methods to increase engagement in Science, Technology, Engineering and Math (STEM) and promote engineering design thinking in classrooms across the...

Apr 24 2014 / Read More »

PSA: No obvious improvement in barrier management

PSA: No obvious improvement in barrier management

Statistics from “Trends in risk level in the petroleum activity” (RNNP) reveal positive developments in many areas, but certain factors remain causes for concern. The RNNP is a unique tool for managing safety in Norway’s oil and gas center. The annual survey by the Petroleum Safety...

Apr 24 2014 / Read More »

Antrim completes subsidiary sale (UK)

Antrim completes subsidiary sale (UK)

Antrim Energy Inc., an international oil and gas exploration company, has announced that it has completed its previously announced sale of Antrim Resources (N.I.) Limited and settled its outstanding obligations under its Payment and Oil Swap agreements with Credit Suisse AG and Credit Suisse International....

Apr 24 2014 / Read More »

Damen gets ASD tug order from Scafi

Damen gets ASD tug order from Scafi

Damen has reported that the company is to construct a new ASD 3212 tug for Scafi, the Italian shipping group that includes a number of international towing companies. The contract cements their already strong business relationship that goes back 20 years and represents the first Damen...

Apr 24 2014 / Read More »

Huisman to present new crane type at OTC 2014

Huisman to present new crane type at OTC 2014

Huisman has announced that the company will be introducing a new patented crane type, the ‘Rope Luffing Knuckle Boom Crane’, during this year’s OTC. The first one will be installed on Subsea 7′s ‘Seven Arctic’. These new active heave compensated cranes provide unparalleled performance by combining the...

Apr 24 2014 / Read More »

PetroChina’s production up 0.3% in 1Q

PetroChina’s production up 0.3% in 1Q

In the face of domestic and international situations, PetroChina Company Limited has focused on the development guidelines of “quality, profitability and sustainability” despite a slowdown in domestic economic growth and a weak market demand. As a result, the Company achieved steady operating results, meeting expectations...

Apr 24 2014 / Read More »
Popular articles

VIDEO: Aibel’s compressor module leaves Thailand

VIDEO: Aibel’s compressor module leaves Thailand

The compressor module M11 for the Troll A platform in the Norwegian North Sea has left Aibel’s yard in Laem Chabang, Thailand. The compressor module will first be shipped to Haugesund to have a crane installed on board. After that the M11 will go to...

Apr 23 2014 / Read More »

8.500t Hejre jacket loaded on a barge

8.500t Hejre jacket loaded on a barge

Heerema Fabrication Group at Vlissingen, The Netherlands, has today successfully placed an offshore jacket, bound for the Hejre field in Denmark, onto a Heerema barge. The 60 x 35 x 85 m jacket, weighing 8.500t, is being built by Heerema for Technip as a part of...

Apr 22 2014 / Read More »

Lamprell delivers Golden Eagle PUQ. Enters Guinness World Records book

Lamprell delivers Golden Eagle PUQ. Enters Guinness World Records book

Lamprell has today announced completion and delivery of a PUQ (Production Utilities Quarters) deck for the Golden Eagle Area Development (GEAD) in the North Sea to its client, Nexen Petroleum U.K. Limited and its GEAD co-venturers, on schedule and on budget.   Guinnes World Records has confirmed that...

Apr 22 2014 / Read More »

Technip, Heerema secure $3.5B Kaombo contract from Total

Technip, Heerema secure $3.5B Kaombo contract from Total

Technip and Heerema are taking part in the development of Total’s Kaombo project offshore Angola. The consortium, comprising Technip and Heerema Marine Contractors (Heerema), was awarded a major lump-sum contract by Total E&P Angola for the engineering, procurement, construction, installation (EPCI) and pre-commissioning for the...

Apr 16 2014 / Read More »

Unions: Chevron keeping head in sand over Gorgon costs

Unions: Chevron keeping head in sand over Gorgon costs

The Maritime Union of Australia (MUA) has joined forces with the International Transport Workers’ Federation (ITF) in a global campaign to, as they say, build awareness over delays and cost overruns on Chevron’s Gorgon LNG project in Australia. The MUA says that the Australian Mines...

Apr 15 2014 / Read More »

Heerema completes Cygnus Alpha topsides

Heerema completes Cygnus Alpha topsides

Heerema Fabrication Group has completed construction of the Cygnus Alpha topsides structure which will be a part of an offshore platform installed at the Cygnus field, in the UK North Sea. The 1,640 tonne Cygnus Alpha Wellhead topsides is now at Heerema’s Hartlepool yard loaded on...

Apr 15 2014 / Read More »
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