Top Stories West Coast governors ‘strongly oppose’ offshore oil lease sale

West Coast governors ‘strongly oppose’ offshore oil lease sale

Governors of California, Oregon and Washington are against the offshore oil & gas lease sale proposed by the U.S. Department of Interior....

August 1 2014 / Read More »
Sinopacific inks deal for quintet of offshore vessels

Sinopacific inks deal for quintet of offshore vessels

China’s Sinopacific Shipbuilding Group has received an order from Shenzhen Huawei Offshore Shipping Transport Co., Ltd. for the construction of  five offshore vessels. All the vessels are designs from the SP brand, which is Sinopacific’s own...

August 1 2014 / Read More »
Senator Landrieu calls for expanded offshore exploration in U.S.

Senator Landrieu calls for expanded offshore exploration in U.S.

U.S. Senator Mary L. Landrieu, D-La., Chair of the Senate Committee on Energy and Natural Resources called for expanded energy exploration and production in the U.S. Outer Continental Shelf (OCS) in a joint letter with...

August 1 2014 / Read More »
Vallianz orders four AHTS vessels from Sinopacific

Vallianz orders four AHTS vessels from Sinopacific

Singapore’s Vallianz Holdings has ordered four anchor handlers from China’s Sinopacific Shipbuilding. The vessels will be built in Sinopacific’s Zhejiang Shipyard and all of them are expected to be delivered from the end of 2014 to the...

August 1 2014 / Read More »
Ithaca completes acquisition of Sumitomo’s UK oil fields

Ithaca completes acquisition of Sumitomo’s UK oil fields

Ithaca Energy Inc. has now completed the acquisition of the three UK producing oil field interests from Sumitomo Corporation. Ithaca has acquired Summit Petroleum Limited (“SPL”), a subsidiary company of Sumitomo, which holds the Cook...

August 1 2014 / Read More »
EMGS to carry out survey offshore Faroe Islands

EMGS to carry out survey offshore Faroe Islands

Electromagnetic Geoservices ASA (EMGS) has received a contract worth $4.3 million for multi-client data offshore the Faroe Islands. The agreement includes both late sales of the existing multi-client dataset acquired by EMGS in 2012 (the Brugdan-Rosebank Line) and pre-funding of...

August 1 2014 / Read More »
Woodside, Shell share-buyback falls through

Woodside, Shell share-buyback falls through

Australia’s oil and gas company Woodside has informed that the company’s plan to purchase 9.5 percent of Woodside’s share capital from Shell has fallen through. A meeting was held today in order for the Woodside’s shareholders to vote...

August 1 2014 / Read More »
Sen. Murkowski applauds Shell, AIO agreement

Sen. Murkowski applauds Shell, AIO agreement

Alaska’s Arctic Slope Regional Corporation (ASRC) and six North Slope village corporations have joined together to create a new company known as the Arctic Inupiat Offshore, LLC (AIO). AIO and Shell Gulf of Mexico Inc....

August 1 2014 / Read More »
Headlines

Chevron’s profit jumps

California-based oil company Chevron today announced earnings of $5.7 billion ($2.98 per share – diluted) for second quarter 2014, compared with $5.4 billion ($2.77 per share –...

Aug 1 2014 / Read More »

Petrobras’ platform back online after leak, fire.

A fire broke out Wednesday morning on a Petrobras-run oil production platform, off the coast of Brazil. According to the Brazilian oil workers union...

Aug 1 2014 / Read More »

Indian oil firms eyeing Murphy’s assets in Malaysia

India's oil firms ONGC and Oil India have reportedly interested to buy a stake in Murphy Oil's assets in Malaysia....

Jul 31 2014 / Read More »

Exxon 2Q profit jumps 28% to $8.8 billion

Exxon Mobil today reported its 2Q 2014 earnings of $8,780 million, an increase of $1,920 million or 28 percent from the second quarter of...

Jul 31 2014 / Read More »

Afren suspends CEO and COO

Afren plc  announces that the Board has temporarily suspended the CEO, Osman Shahenshah and the COO, Shahid Ullah. “In the course of an independent...

Jul 31 2014 / Read More »

Eni discovers gas and condensate offshore Gabon

Italy’s oil company Eni has made a gas and condensate discovery in the Nyonie Deep exploration prospect located in block D4, approximately 13 kilometers from...

Jul 31 2014 / Read More »

NADL sends rig fleet to Russian waters in $4B deal

North Atlantic Drilling Ltd. has announced that 6 binding offshore contracts have been executed with Rosneft Oil Company (“Rosneft”). The total revenue potential for the...

Jul 31 2014 / Read More »

Shell adjusted 2Q earnings rise 33% to $6.1B

Royal Dutch Shell’s second quarter 2014 earnings, on a current cost of supplies (CCS) basis, were $5.1 billion compared with $2.4 billion for the...

Jul 31 2014 / Read More »

ConocoPhillips completes Nigeria business sale

ConocoPhillips has announced it has completed the transaction with Oando Energy Resources (OER), a subsidiary of Oando PLC, for the sale of its Nigeria...

Jul 30 2014 / Read More »

COSCO delivers jack-up to ICBC

China's COSCO Nantong shipyard has delivered a jack-up rig to its Asian buyer....

Jul 30 2014 / Read More »




Also in the News

Kim Heng Offshore & Marine issues profit warning

Kim Heng Offshore & Marine issues profit warning

Kim Heng Offshore & Marine Holdings Limited, an SGX-listed company offering rig management and supply base management services, today issued a profit warning. The company said it has deemed it appropriate to issue a profit guidance in respect of the unaudited financial results of the...

Aug 1 2014 / Read More »

JOGMEC and PEMEX sign coop agreement

JOGMEC and PEMEX sign coop agreement

Japan Oil, Gas and Metals National Corporation (JOGMEC), Petróleos Mexicanos (PEMEX), and its subsidiaries signed a Memorandum of Understanding for bilateral technical cooperation. The MOU was signed by Emilio Lozoya Austin, CEO of PEMEX, and Hirobumi Kawano, the President of JOGMEC, in the presence of...

Aug 1 2014 / Read More »

KBR records net loss in 2Q

KBR records net loss in 2Q

KBR, Inc., a global engineering, construction and services company yesterday reported a net loss for the 2Q 2014. Net loss attributable to KBR was $8 million, or $0.06 per diluted share, compared to net income attributable to KBR of $90 million, or $0.61 per diluted...

Aug 1 2014 / Read More »

Dalgidj to buy ROVs using EBRD loan

Dalgidj to buy ROVs using EBRD loan

The EBRD and Unibank are providing a $10 million loan to Dalgidj LLC, an Azerbaijani oil-service company, for the expansion of the company’s activities. The loan will be used for the acquisition of a new remotely operated vehicle (ROV) and the construction of a new...

Aug 1 2014 / Read More »

Rosneft: ‘Akademik Tryoshnikov’ in Arctic fields expedition

Rosneft: ‘Akademik Tryoshnikov’ in Arctic fields expedition

The research and development expedition to investigate ice and metocean conditions in the Russian Arctic organized by The Arctic Research and Design Center (the Rosneft and ExxonMobil JV) with the support of Arctic and Antarctic Research Institute experts has started in the White Sea. Scientific...

Aug 1 2014 / Read More »

Deep Sea Supply reveals July freight revenue

Deep Sea Supply reveals July freight revenue

Deep Sea Supply, an Oslo Exchange-listed owner of offshore support vessels, today announced its fleet freight revenues for July 2014. In July Deep Sea Supply’s PSV fleet (all 21* PSVs) had an average gross income of approximately USD 19.900 per ship per day compared to USD...

Aug 1 2014 / Read More »

OMV’s Whio-1 well at 1.049m (New Zealand)

OMV’s Whio-1 well at 1.049m (New Zealand)

Cue Energy Resources Ltd (Cue) has been advised by OMV New Zealand Ltd (OMV), the Operator of permit PEP 51313, that at 06:00 hours (local time) on Friday 1st August 2014, the Whio-1 well was drilling ahead at a depth of 1,049m MDRT in the...

Aug 1 2014 / Read More »

Rocksource recruits Scana Propulsion CEO

Rocksource recruits Scana Propulsion CEO

The Directors of Rocksource ASA have announced the appointment of Terje Arnesen as the Company’s new Chief Executive Officer. He will succeed Chris Spencer on 1 November 2014.  Currently, Arnesen is engaged as CEO of Scana Propulsion AS on a temporary basis. Previously, he has held positions...

Aug 1 2014 / Read More »

Fugro adds new functionality to North Sea rig helideck

Fugro adds new functionality to North Sea rig helideck

When Aberdeen-based Diamond Offshore wanted to add new functionality to the existing helideck monitoring system on the Ocean Guardian drilling rig in the North Sea, Fugro developed and delivered a fully integrated, user-friendly solution to fulfil the requirements. Severe weather conditions in the North Sea...

Aug 1 2014 / Read More »
Popular articles

Indian oil firms eyeing Murphy’s assets in Malaysia

Indian oil firms eyeing Murphy’s assets in Malaysia

India's oil firms ONGC and Oil India have reportedly interested to buy a stake in Murphy Oil's assets in Malaysia....

Jul 31 2014 / Read More »

Eni discovers gas and condensate offshore Gabon

Eni discovers gas and condensate offshore Gabon

Italy’s oil company Eni has made a gas and condensate discovery in the Nyonie Deep exploration prospect located in block D4, approximately 13 kilometers from the coast of Gabon and 50 kilometers from the capital city Libreville. Preliminary estimates suggest the new gas discovery is significant,...

Jul 31 2014 / Read More »

EU to ban export of oil exploration technology to Russia

EU to ban export of oil exploration technology to Russia

The European Union Council’s Committee of Permanent Representatives (Coreper) yesterday reached agreement on EU restrictive measures in view of Russia’s actions destabilising the situation in eastern Ukraine. In order to restrict Russia’s access to EU capital markets, EU nationals and companies may no more buy or...

Jul 30 2014 / Read More »

Want to work in Oil & Gas industry? Here’s how.

Want to work in Oil & Gas industry? Here’s how.

Looking for a long-term career in an expanding and exciting sector? The oil and gas business is the place to be right now and for the future....

Jul 29 2014 / Read More »

Saipem bags $540 M in offshore contracts

Saipem bags $540 M in offshore contracts

Italy’s Saipem has been awarded new drilling contracts in Indonesia, Nigeria, the Arabian Gulf and Latin America worth approximately $850 million of which $540 million are related to offshore activity and refer to four different units of Saipem’s fleet. Saipem has signed with Eni Muara...

Jul 29 2014 / Read More »

Statoil Installs Valemon

Statoil Installs Valemon

On Monday 28 July the topsides were lifted into place on the steel jacket on the Valemon field in the North Sea. Produced by Samsung Heavy Industries this is the first Statoil topsides built in South Korea. The structure sailed from the yard on 15...

Jul 28 2014 / Read More »
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