Search results for: 3Q 2014

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  • 11 November 2014
    Exploration & Production

    Denmark’s Maersk Drilling made a 3Q 2014 profit of $192 million, compared to 3Q 2013 profit of $148 million, including a gain of $73 million after tax due to divesting the Venezuela activities. Maersk Drilling divested the activities in Venezuela in September. The activity generated revenue of USD 195m in 2013. Excluding the gain from […]

  • 26 June 2014
    Business & Finance, Project & Tenders

    Manora oil development project in the Northern Gulf of Thailand is progressing well, TAP, a partner in the field has reported.

  • 7 February 2014

    The previously announced acquisition of ATP Oil & Gas UK shares by Alpha Petroleum (UK) Holdings Limited is scheduled to complete on Monday 10th February.   The news has been reported by Independent Oil and Gas Plc (IOG), a partner in the ATP UK-operated Skipper and Blythe licences in the UK North Sea.  According to IOG, ATP UK […]

  • 21 November 2014
    Business & Finance

    Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad saw its 3Q 2014 profit drop to RM111 million, from RM121,5 million in the same period of 2013. Converted to US dollars, the company’s 3Q profit was around $33.2 million versus $36.3 million in the third quarter last year. The company’s revenue for the 3Q 2014 […]

  • 11 November 2014
    Business & Finance

    Nam Cheong Limited, a Malaysia’s Offshore Support Vessel builder, has reported an 81% rise in revenue to RM618.6 million for the 3Q 2014 from RM341.2 million in the corresponding period last year (“3Q 2013”). The robust top line performance boosted 3Q 2014’s net profit by 112% to a record RM125.6 million from RM59.2 million in […]

  • 11 November 2015

    Subsea 7 S.A., a subsea engineering, construction and services company, has seen its third quarter 2015 net profit and revenues drop due to lower activity. Subsea 7 on Wednesday posted a net income for the 3Q 2015 of $145 million, compared to $199 million in 3Q 2014. The reduction was primarily due to the decrease in […]

  • 17 November 2015

    Reach Subsea ASA, a provider of IMR, ROV, survey construction, support and decomissioning services, is considering redundancies and layups of two vessels, Edda Fonn and Stril Explorer, in order to reduce costs.  The rates are still low in a weak market with oversupply of tonnage in most segments, Reach said in its 3Q 2015 report on Tuesday. To mitigate […]

  • 5 November 2015

    SeaBird Exploration, a provider of seismic services to the oil and gas industry, has tightened its net loss in the 3Q 2015 when compared to the same period last year, as the company focused on reducing costs and increasing financial flexibility. Namely, SeaBird reported a net loss of $1.7 million for 3Q 2015, versus net loss of […]

  • 24 November 2015
    Exploration & Production

    Sevan Drilling, an international drilling contractor specializing in the ultra deepwater segment, has seen a profitable third quarter of 2015 as opposed to a net loss posted in the same period last year. In addition, Sevan boosted its revenues for the quarter due to improved rig fleet performance.  According to its third quarter report on Tuesday, […]

  • 30 October 2015

    ExxonMobil, the world’s largest publicly traded international oil company, saw its 3Q earnings cut in half when compared to the same period a year ago. Revenue fell to $67 billion, from $107 billion in 3Q 2014. The company posted 3Q 2015 profit of $4.2 billion, 47 percent down from $8.1 billion in the corresponding quarter of 2014. Exxon’s […]

  • 5 November 2014
    Business & Finance, Exploration & Production

    Singapore’s Sembcorp Marine (Sembmarine) achieved a 2% year-on-year increase in net profit from $130 million to $132 million for the three months ended September 30, 2014 despite a challenging macro environment, the company said.  Group turnover for the third quarter of 2014 grew 3% year-on-year to $1.71 billion, which compares with $1.66 billion for the […]

  • 2 October 2012
    Business & Finance

    STX OSV Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, announces that it has secured a contract for the design and construction of one Cable Laying Vessel (“CLV”) for an international client. The vessel will be of STX OSV’s own CLV 01 design. Delivery is scheduled from STX […]

  • 2 October 2012
    Business & Finance

    STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels,  has secured a contract for the design and construction of one Cable Laying Vessel (“CLV”) for an international client. The vessel will be of STX OSV’s own CLV 01 design. Delivery is scheduled from STX OSV […]

  • 2 October 2012
    Business & Finance

    STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, announces that it has secured a contract for the design and construction of one Cable Laying Vessel (“CLV”) for an international client. The vessel will be of STX OSV’s own CLV 01 design. Delivery is scheduled […]

  • 23 December 2015

    UK’s total production of crude oil and natural gas liquids in the third quarter this year grew 27 percent, when compared to the same period in 2014. Worth noting, production in 3Q 2014 was at the lower levels than in any other quarter since 1977, but has since stabilized. According to statistics issued by the […]

  • 2 October 2012

    STX OSV Holdings Limited (STX OSV), one of the major global designers and shipbuilders of offshore and specialized vessels, has secured a contract for the design and construction of one Cable Laying Vessel (CLV) for an international client. The vessel will be of STX OSV’s own CLV 01 design. Delivery is scheduled from STX OSV […]

  • 6 November 2015

    Danish offshore drilling contractor Maersk Drilling on Friday posted a drop in the third quarter 2015 profit. Profit after tax was $184 million, a fall compared to a year ago levels when profit was $192 million. Revenue for the quarter rose to $646 million, up from $525 million last year. The driller signed two new […]

  • 28 June 2012
    Business & Finance

    Swire Pacific Offshore (SPO) announced the order of 6 high-specification 3700 DWT PSVs (with options for a futher 4 vessels) from Universal Shipbuilding Corporation (USC) in Japan. The vessels will be built in USC’s Keihin Shipyard and deliver progressively from 3Q 2014. These orders follow on from the order of four 5000 DWT PSVs from […]

  • 28 June 2012

    Swire Pacific Offshore (SPO) today announced the order of 6 high-specification 3700 DWT PSVs (with options for a further 4 vessels) from Universal Shipbuilding Corporation (USC) in Japan. The vessels will be built in USC’s Keihin Shipyard and deliver progressively from 3Q 2014. These orders follow on from the order of four 5000 DWT PSVs […]

  • 28 June 2012
    Business & Finance

    Swire Pacific Offshore (SPO) today announced the order of 6 high-specification 3700 DWT PSVs (with options for a futher 4 vessels) from Universal Shipbuilding Corporation (USC) in Japan. The vessels will be built in USC’s Keihin Shipyard and deliver progressively from 3Q 2014. These orders follow on from the order of four 5000 DWT PSVs […]

  • 19 November 2015

    Bergen Group, a Norwegian provider of services to marine and offshore oil and gas industries, posted a NOK 72 million loss for the third quarter of 2015. The loss widened compared to a NOK 43.7 million loss in the same quarter a year ago. Also, the company recorded a drop in revenues. Revenues were NOK 44.6 million, […]

  • 19 November 2015

    Panoro Energy, an independent exploration and production company, has narrowed its loss in the third quarter of 2015 when compared to the same period last year.  The total net loss in the third quarter of 2015 was $1.8 million, compared to a net loss of $2.2 million in the corresponding period last year. The company’s EBIT […]