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MHB posted a net profit of RM113 million for the first nine months of 2014.
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PTTEP entered into a partnership with TOTAL and JX NOEX for M11 block, in Myanmar, ready to drill one exploration well by the third quarter of next year. Mr. Tevin Vongvanich, the President and CEO of PTT Exploration and Production Public Company Limited or PTTEP disclosed that PTTEP International Limited or PTTEPI, a wholly owned […]
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PTTEP entered into a partnership with TOTAL and JX NOEX for M11 block, in Myanmar, ready to drill one exploration well by the third quarter of next year. Mr. Tevin Vongvanich, the President and CEO of PTT Exploration and Production Public Company Limited or PTTEP disclosed that PTTEP International Limited or PTTEPI, a wholly owned […]
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Ascent Resources plc, the AIM-traded oil and gas exploration and production company, through its subsidiary Ascent Resources (Netherlands) BV (‘ARN’), has increased its interest in the M10/11 block in the southern North Sea off the Netherlands’ coast. Following the transfer of McLaren Resources Inc’s (‘McLaren’) 27% interest in the block, ARN now holds a 54% […]
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Offshore vessel owner Nam Cheong has won new contracts for its vessels with a total value of RM116.4 million ($27.7 million).
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Carlos Romero Deschamps, the head of Mexico’s oil worker’s union, has resigned after almost three decades in position, amid corruption accusations.
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Malaysia’s FPSO operator Bumi Armada has agreed to pay $15 million to oil company EnQuest to settle the previous issues with the Kraken FPSO.
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Offshore drilling contractor Paragon Offshore has appointed James “Jay” Swent III, Paragon’s current chairman to the position of president and chief executive officer (CEO). Paragon recently completed its corporate and financial reorganization and emerged from Chapter 11. The new company emerged with approximately $165 million of available cash on its balance sheet, and $85 million […]
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Malaysian energy giant Petronas reported a rise in its full year and fourth quarter profits despite the low oil prices and a challenging market environment.
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Drilling contractor Paragon Offshore has received an early termination for one of its jack-up rigs operating in the Middle East. In its latest fleet status report, Paragon said on Tuesday that the jack-up rig M1162 has received an early termination notice from NDC (ADMA-OPCO). The company added it was in discussions with the client regarding […]
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Business & Finance, Technology
Seawork International, a three-day commercial marine and workboat exhibition, opened its doors for the nineteenth successive time in Southampton on Tuesday, 14 June. The exhibition has been moved to its new permanent home at Mayflower Park, which was unveiled today. The new location has enabled Seawork to expand its offerings to the anticipated 7,500 attendees, which includes over […]
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Malaysia’s independent exploration and production company Hibiscus Petroleum returned to profit for the financial period ended March 31, 2016 due to completion of acquisition of Shell’s Anasuria cluster in the UK North Sea. To remind, in August 2015, Shell reached an agreement to sell a batch of its North Sea oil fields to Ping Petroleum Limited and Hibiscus Petroleum whereby each […]
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Malaysian energy giant Petronas has posted a RM4.6 billion (US$1.1 billion) after tax profit, a 60 percent plunge compared to the RM11.4 billion during the corresponding quarter in 2015.
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Business & Finance, Exploration & Production
Offshore drilling contractor Paragon Offshore has received two contract extensions and one contract termination for its jack-up drilling rigs. According to Paragon’s latest fleet status report, the contract for Paragon’s 1979-built jack-up drilling rig Paragon M1162, operating in the UAE, was extended from mid January 2017 to late January 2019. Paragon said it was in discussions […]
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Incat Crowther has announced the delivery of Najla McCall, the second vessel in SEACOR Marine’s Express Plus class of Fast Support Vessels (FSV). Najla McCall is a sister ship to the Alya McCall, launched in November last year. According to Incat Crowther, the Najla McCall has seating capacity for 100 personnel and achieved an operational […]
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Malaysia’s oil and gas giant Petronas said it has sold 8 percent less LNG in the second quarter of 2015, as compared to the same quarter a year ago.
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Senvion total revenues increased 6.6% to EUR 1,926 million in the FY2014/15 compared to the previous year. Total performance increased from EUR 1,845 million in FY2013/14 to EUR 1,999 million in FY2014/15, an 8.3% increase year on year. Adjusted EBITDA for FY2014/15 was EUR 155 million, an increase of 6.2% from the EUR 146 million adjusted EBITDA […]
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Business & Finance, Equipment, Technology
Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, will sell a large selection of marine construction and dredging equipment at its first-ever unreserved public auction in Newark, New Jersey on the water at the owner’s facility on Friday, December 19, 2014. The unique selection of equipment in the auction includes: – A 82.8 x 39.9 […]
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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 […]
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Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) celebrates its 25th anniversary of successful operation in Myanmar. The silver jubilee celebration, held in Yangon with guests of honor including H.E. U Zay Yar Aung, Union Minister, Myanmar’s Minister of Energy and his Thai counterpart Narongchai Akrasanee, the recently appointed Minister of Energy marks a […]
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Business & Finance, Equipment
Bumi Armada has announced the signing of a contract with eni Angola S.p.A. for the chartering, operations and maintenance of a Floating Production, Storage and Offloading vessel (FPSO) for deployment at the Block 15/06, East Hub field located in deep water offshore Angola. The contract is for a firm charter of 12 years with options […]
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A record number of freight vehicles departed on services through the Port of Dover on July 8th, reaching numbers not seen since before the recession. Some 5,337 freight vehicles departed for Calais and Dunkirk from Europe’s busiest ferry port, beating the previous record of 5,322 set in 2008. It was also the third busiest […]
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Equipment, Project & Tenders
The second out of three Troll modules left Aibel’s yard in Haugesund on Tuesday evening, and set sail towards the Statoil-operated Troll field in the Norwegian part of the North Sea. At the same time in the North Sea Hall, departure for the third and final module is close. The three modules will contribute to extending […]
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Business & Finance, Research & Development
The Ministry of Agriculture, Food and Environment (MAGRAMA) has issued the Environmental Impact Statement (EIS) in favor of “Project drilling exploratory wells in the licenses to prospect for hydrocarbons Canary 1-9”. These research surveys have been carried out using a dynamic positioning vessel at a distance of about 60 kilometers from the coast and Canary and […]
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Equipment, Project & Tenders
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 the Statoil-operated Troll field. Early in April, celebrating the completion of […]
