Top Stories Cameron raises bar on full year outlook

Cameron raises bar on full year outlook

Cameron has 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...

July 24 2014 / Read More »
Octanex secures finance for Ophir field development (Malaysia)

Octanex secures finance for Ophir field development (Malaysia)

Octanex N.L. has announced that limited recourse project finance has been secured for the development of the Ophir field, offshore Malaysia. Octanex is a 50% shareholder in Ophir Production Sdn Bhd (“OPSB”) which was awarded the Ophir...

July 24 2014 / Read More »
Repsol nets $1.7B profit

Repsol nets $1.7B profit

Repsol posted net income of $1.784 billion (1.327 billion) euros in the first half of the year, an increase of 47% from the year-earlier period. This reflects a good performance of the company’s businesses as...

July 24 2014 / Read More »
Turkey approves EIA for EEZ section of South Stream Offshore Pipeline

Turkey approves EIA for EEZ section of South Stream Offshore Pipeline

The Turkish Ministry of Environment and Urbanisation has approved the Environmental Impact Assessment Report (EIA Report) for the section of the South Stream Offshore Pipeline that will cross the Exclusive Economic Zone (EEZ) of Turkey....

July 24 2014 / Read More »
OMV spuds well offshore New Zealand

OMV spuds well offshore New Zealand

Cue Energy Resources Ltd (Cue) has been advised by OMV New Zealand Ltd, the Operator of permit PEP 51313, that the Whio-1 exploration well spud at 21:45 hours on 23rd July. The rig came on contract on...

July 24 2014 / Read More »
Rosneft plans marine fauna monitoring in Northern Sea Route

Rosneft plans marine fauna monitoring in Northern Sea Route

Rosneft will conduct marine fauna monitoring in the Northern Sea Route in 2014. The studies will be organized by the Arctic Research Center, a joint venture of Rosneft and ExxonMobil. The objective of the said...

July 24 2014 / Read More »
Statoil secures offshore Colombia acreage

Statoil secures offshore Colombia acreage

Statoil has been awarded interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round. Statoil will hold 33,33% in the licence. Repsol will be the operator of the...

July 24 2014 / Read More »
BW Offshore takes full ownership of FPSO ‘Petroleo Nautipa’

BW Offshore takes full ownership of FPSO ‘Petroleo Nautipa’

BW Offshore has signed a sale and purchase agreement with Yinson to take 100% ownership of the FPSO Petroleo Nautipa, owned through Tinworth Pte. Ltd. Tinworth, and correspondingly the FPSO, has been 50/50 owned between BW...

July 24 2014 / Read More »
Headlines

Farstad secures multiple charter deals

Norway’s Farstad Shipping ASA has secured multiple charter contracts worth approximately NOK 1.75 billion. Farstad Shipping ASA has been awarded the following charter contracts: Inpex...

Jul 24 2014 / Read More »

N-KOM gets two contracts from GDI

Gulf Drilling International Limited (GDI), a subsidiary of Gulf International Services (GIS), an oilfield service company in Qatar, has awarded two contracts worth $110...

Jul 24 2014 / Read More »

Petronas: First oil flows at Bentara field off Sarawak

Petronas has announced that Bentara field in the Balai Cluster Risk Service Contract (RSC) area located offshore Sarawak, has achieved its first oil production...

Jul 23 2014 / Read More »

Petrobras’ June oil production up 1.7 per cent (Brazil)

Brazil’s state-controlled oil company Petrobras has announced that the company’s June oil production in Brazil averaged 2,008 thousand barrels/day (bpd), up 1.7% from May’s...

Jul 22 2014 / Read More »

ExxonMobil spuds in Neptun Block off Romania

ExxonMobil Exploration and Production Romania Limited, an affiliate of Exxon Mobil Corporation, and OMV Petrom S.A. have announced the start of drilling at the...

Jul 21 2014 / Read More »

Qatar Petroleum hires GDI’s new jack-up ‘Halul’

Gulf Drilling International Limited, a subsidiary of Gulf International Services, has announced that they have been awarded a new contract by Qatar Petroleum for...

Jul 21 2014 / Read More »

Sembmarine gets FPSO conversion contract for Kaombo Project

Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured a Floating Storage Production Offloading (FPSO) conversion contract worth about S$600 million from Saipem SA, France...

Jul 21 2014 / Read More »

Most popular articles of the week, July 14 – 20, 2014

Workers stuck on North Sea rig due to helicopter leak A crew consisting of 18 oil workers has been left stranded on a North...

Jul 20 2014 / Read More »

Tullow farms into Cooper Block off Namibia

Eco (Atlantic) Oil & Gas Ltd. has executed a Farm-out agreement with Tullow Kudu Limited, a wholly owned subsidiary of Tullow Oil plc., pursuant...

Jul 18 2014 / Read More »

BOEM in Western Gulf of Mexico lease sale

Acting Director of Bureau of Ocean Energy Management (BOEM) Walter Cruickshank has announced that the bureau will offer more than 21 million acres offshore Texas for...

Jul 18 2014 / Read More »




Also in the News

AGSL’s Asset Guardian software for North Sea operator

AGSL’s Asset Guardian software for North Sea operator

Asset Guardian Solutions Ltd (AGSL), which specialises in protecting companies’ process critical software assets, has announced that it has been awarded a key contract by a major North Sea operator in Aberdeen, Scotland, for an undisclosed amount. The contract requires AGSL to provide Asset Guardian,...

Jul 24 2014 / Read More »

O&G UK to shed light on upstream oil and gas labour market

O&G UK to shed light on upstream oil and gas labour market

Oil & Gas UK, in conjunction with oil and gas industry skills organisation OPITO and the Department for Business, Innovation & Skills (BIS) today (July 24) announces it has commissioned EY to ‘map’ the UK upstream oil and gas labour market to provide valuable intelligence....

Jul 24 2014 / Read More »

EMSA gets funding for O&G pollution response

EMSA gets funding for O&G pollution response

The EU Council has adopted a regulation to finance the actions of the European Maritime Safety Agency (EMSA) in the field of response to marine pollution caused by ships and oil and gas installations in the years 2014 to 2020. The final adoption of the...

Jul 24 2014 / Read More »

Statoil to set up modular drilling rig on Heimdal

Statoil to set up modular drilling rig on Heimdal

Statoil has received consent for installation and temporary operation of a modular drilling rig (MDR) at the Heimdal facility. Installation will begin in the third quarter of 2014 with commissioning scheduled for November. Heimdal is a gas field lying under 120 metres of water in...

Jul 24 2014 / Read More »

Diamond Offshore makes $90M in Q2

Diamond Offshore makes $90M in Q2

Diamond Offshore Drilling, Inc. has reported net income of $90 million, or $0.65 per share, for the second quarter of 2014, compared with net income of $185 million, or $1.33 per share, in the same period a year earlier. Revenues in the second quarter of...

Jul 24 2014 / Read More »

Bibby Offshore receives Chancellor of the Exchequer (UK)

Bibby Offshore receives Chancellor of the Exchequer (UK)

Bibby Offshore, the subsea services provider to the oil & gas industry, hosted a visit by George Osborne, Chancellor of the Exchequer, to the Company’s innovative workshop, storage and maintenance facility in Aberdeenshire, on Tuesday 22 July. The Chancellor was given a tour of Bibby...

Jul 24 2014 / Read More »

Northern Petroleum wins new permit offshore Italy

Northern Petroleum wins new permit offshore Italy

Northern Petroleum has been awarded the C.R149.NP permit offshore in the Sicily Channel adjacent to the Northern Petroleum operated permit C.R146.NP. The permit C.R149.NP was applied for in order to encompass an extension of the Vesta prospect, mapped within the Company’s adjacent C.R146.NP permit. The...

Jul 24 2014 / Read More »

Technip takes profit dive in 1H 2014

Technip takes profit dive in 1H 2014

On July 22, 2014 Technip’s Board of Directors approved the second quarter and first half 2014 consolidated financial statements. Technip’s second quarter results were highlighted by an order intake of 7.1 billion euros, revenues of 2.6 billion euros, compared to 2.4 billion same time last...

Jul 24 2014 / Read More »

Wood Group Kenny upgrades riser design software Flexcom

Wood Group Kenny upgrades riser design software Flexcom

Wood Group Kenny (WGK) has announced that findings from the first and second phases of a Joint Industry Project into understanding the effect of slug flow on pipelines and risers has led to significant enhancements in their software package, Flexcom, to deliver automated slug capabilities....

Jul 24 2014 / Read More »
Popular articles

AMEC catches Sea Lion FEED

AMEC catches Sea Lion FEED

Rockhopper Exploration has confirmed that Premier Oil, operator of the Sea Lion field in the North Falkland Basin in which Rockhopper holds a 40 per cent interest, has now formally awarded the Tension Leg Platform (TLP) Front End Engineering and Design (FEED) contract to AMEC....

Jul 11 2014 / Read More »

‘Maersk Viking’ kicks off GoM operations for ExxonMobil

‘Maersk Viking’ kicks off GoM operations for ExxonMobil

Danish drilling contractor Maersk Drilling has informed that one of the company’s drillships has started drilling operations in the US Gulf of Mexico. Maersk Drilling has reported through their Facebook page that the company’s first drillship Maersk Viking began operations in Gulf of Mexico for the U.S....

Jul 10 2014 / Read More »

Offshore helicopter safety report reveals ‘macho bullying culture’

Offshore helicopter safety report reveals ‘macho bullying culture’

On 23 August 2013, a Super Puma L2 helicopter, owned by CHC, on its way from the Borgsten Dolphin semi-submersible drilling rig, was on approach to Sumburgh Airport when it crashed. Four passengers were killed. That was the fifth accident in four years involving a...

Jul 9 2014 / Read More »

Greenpeace calls for Lego to rescind Shell deal (VIDEO)

Greenpeace calls for Lego to rescind Shell deal (VIDEO)

Greenpeace, an international environmentalist group, is continuing with its campaign against a co-promotion deal between Shell and LEGO....

Jul 8 2014 / Read More »

‘Brasil Voyager’ takes first crude cargo from Papa-Terra

‘Brasil Voyager’ takes first crude cargo from Papa-Terra

The first cargo has been successfully offloaded from what is expected to be Chevron's largest investment in Brazil: the offshore Papa-Terra heavy oil development in the Campos Basin....

Jul 8 2014 / Read More »

Petrobras facing $15B loss in case of SBM Offshore contracts termination

Petrobras facing $15B loss in case of SBM Offshore contracts termination

Petrobras, Brazil’s state-controlled oil company, said today that it may have a reduction of $15 billion in net income between 2014 and 2018 in case of termination of current contracts with SBM Offshore. To remind, SBM Offshore, the world’s largest provider of floating production units has...

Jul 7 2014 / Read More »
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