446 results found for 'kaombo'

446 results found for 'kaombo'
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  • ExxonMobil third-quarter profit jumps

    2 November 2018

    US energy giant ExxonMobil reported a significant jump in third-quarter earnings that reached $6.2 billion, 58 percent above the $4 billion reported in 2017. 

  • Total profit tumbles due to lower prices

    30 October 2019
    Business & Finance

    French oil major Total recorded a decrease in its 3Q 2019 profit affected by lower oil and gas prices despite an increase in production. 

  • Jackup-turned-MOPU heads to Congo ahead of Perenco gig

    15 October 2025
    Business Developments & Projects

    A converted mobile offshore production unit (MOPU) is making its way to Congo, where it will work with the Congolese subsidiary of Anglo-French oil and gas player Perenco at a license it operates in Congolese waters.

  • MODEC hires GranEnergia’s flotel for Brazil campaigns

    22 October 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Vessels

    MODEC has contracted GranEnergia for the provision of its semi-submersible UMS Venus to support its offshore maintenance campaigns in Brazil.

  • Total’s Q3 profit surges, LNG sales decline

    26 October 2018

    French energy giant and LNG player Total saw its third-quarter adjusted net profit soar on the back of increasing oil prices and higher production. “Total’s third quarter adjusted net income increased by 48 percent from last year to $4 billion, while oil prices increased 44 percent to $75 per barrel supported by supply tensions and […]

  • Technip, Heerema Awarded $3.5 Bln Subsea Contract by Total

    16 April 2014
    Business & Finance, Equipment, Operations & Maintenance

    Technip and Heerema Marine Contractors, have signed a major lump-sum contract with Total E&P Angola for the engineering, procurement, construction, installation (EPCI) and pre-commissioning for the SURF (subsea umbilicals, risers and flowlines) part of the Kaombo project, located in Block 32 offshore Angola. The contract is valued at approximately  $3.5 billion with a Technip share […]

  • Total profit falls despite output growth

    26 April 2019
    Business & Finance

    French oil and gas company Total recorded a 4 percent decrease in first quarter profit while its production grew by 9 percent. 

  • Total Sells 15 Pct Interest in Offshore Angola Block 15/06 to Sonangol

    4 February 2014
    Business & Finance, Project & Tenders

    Total announces the sale of its 15% participating interest in the offshore Angola Block 15/06 to Sonangol E&P. The transaction is valued at 750 million dollars and remains subject to customary approvals. “The sale of our interest in Block 15/06 is in line with Total’s global strategy to actively manage its portfolio and focus its […]

  • Aker Solutions Drops 4800 Workers Since 2014

    30 March 2017
    Business & Finance, Equipment, Operations & Maintenance

    Norwegian oilfield services player Aker Solutions has reduced its workforce by some 4,800 since 2014. According to the company’s latest corporate responsibility report, total staff count has been cut by 23 percent from 2014 to 2016. Aker Solutions’ workforce dropped to 16,177 in 2016 from 20,974 employees in 2014. Norway has seen the biggest cuts in workforce […]

  • Top News of the Week of June 02 – Jun 08, 2014

    8 June 2014
    Business & Finance

    1. Video: BOP on Deepwater Horizon Fails Due to Pipe Buckling U.S. Chemical Safety Board (CSB) has reported that the blowout preventer (BOP) that was intended to shut off the flow of high-pressure oil and gas from the Macondo well in the Gulf of Mexico during the disaster on the Deepwater Horizon drilling rig, failed […]

  • Total’s profit soars on higher oil prices, LNG sales decline

    26 July 2018

    French energy giant and LNG player Total saw its second-quarter adjusted net profit soar on the back of increasing oil prices. 

  • TechnipFMC Posts $191M Profit

    27 April 2017
    Business & Finance, Equipment, Operations & Maintenance

    TechnipFMC has reported first-quarter 2017 net income of $190.8 million and diluted earnings per share of $0.41. Excluding charges and credits of $193.5 million, or $0.30 per diluted share, adjusted diluted earnings per share were $0.71. Total company operating profit was $379.7 million, with adjusted EBITDA at $684.4 million. Revenues for the quarter were $3.4 billion. Order intake […]

  • Total Sells Share in Block Offshore Angola for $750 M

    4 February 2014

    Total announces the sale of its 15% participating interest in the offshore Angola Block 15/06 to Sonangol E&P. The transaction is valued at 750 million dollars and remains subject to customary approvals. “The sale of our interest in Block 15/06 is in line with Total’s global strategy to actively manage its portfolio and focus its investment […]

  • Total Sells Share in Angola Block to Sonangol

    4 February 2014

    Total announced the sale of its 15% participating interest in the offshore Angola Block 15/06 to Sonangol E&P. The transaction is valued at 750 million dollars and remains subject to customary approvals. “The sale of our interest in Block 15/06 is in line with Total’s global strategy to actively manage its portfolio and focus its […]

  • Blue Water Energy Buys Pipeline Welding Specialist

    29 May 2019
    Business & Finance, Equipment, Operations & Maintenance

    London-based private equity firm Blue Water Energy has acquired Pipeline Technique Limited (PTL), a provider of pipeline welding, field joint coating and spoolbase services to the energy industry, from Heerema Marine Contractors (HMC). PTL is headquartered in Huntly, UK with additional worksites in the USA, Middle East, Brazil and South East Asia. PTL has built […]

  • Total hires Ocean Infinity for seismic surveys in Angola

    10 December 2019
    Business & Finance

    Ocean Infinity has been awarded a contract by Total for seismic surveys in Angola.

  • JDR, Proserv in Nigerian pact

    22 March 2017

    JDR, a subsea cable supplier, has teamed up with with Proserv Instrumentation Nigeria Ltd, expanding its presence in West Africa. The company said on Wednesday it would set up a service and maintenance base in Proserv’s operations facility in Port Harcourt, Nigeria. The two companies will offer combined subsea solutions and local content support to the […]

  • Total’s profit slips, LNG sales rising

    31 October 2019

    French energy giant and LNG player Total saw its adjusted net profit drop in the third quarter as well as the first nine months of the year 2019. 

  • Highlights of the Week

    28 February 2016
    Business & Finance, Operations & Maintenance, Project & Tenders

    Subsea World News has put together a recap of the most interesting articles from the previous week (February 22 – February 28). Offshore services player, Helix Energy Solutions, has plummeted into loss as it books some $503 million of non-cash pre-tax charges in the fourth quarter 2015. The company reported a net loss of $403.9 […]

  • Saipem Seals Conversion Deal for Two VLCCs

    21 July 2014
    Business & Finance

    Saipem SA, France has signed a Floating Storage Production Offloading (FPSO) conversion contract worth about S$600 million (USD $483.2 million) with Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard.   Under the contract, the shipyard is responsible for the conversion of two Very Large Crude Carriers (VLCCs) sister ships into 2 turret-moored FPSOs for the Kaombo project […]

  • Hebron field award for Aker Solutions (Canada)

    15 July 2015
    Business & Finance

    Norwegian engineering and construction company Aker Solutions has won a contract with ExxonMobil in Canada. In its 2Q 2015 presentation today, Aker Solutions said the deal was secured during the quarter by its Maintenance, Modifications & Operations (MMO) division. According to Aker Solutions, MMO has won a long-term contract from ExxonMobil for engineering, procurement, construction […]

  • Investment firm BWE buys Heerema’s pipeline welding business

    23 May 2019
    Business & Finance, Equipment

    London-based private equity firm Blue Water Energy is buying Heerema Marine Contractors’ Pipeline Technique Limited,

  • Aker Solutions wins 5-year deal to support BP in Angola

    4 October 2018
    Business & Finance, Infrastructure

    Aker Solutions has been awarded a five-year agreement to supply support on BP’s Greater Plutonio and PSVM fields offshore Angola.

  • DW: FPSO contractors see difficult year due to crash in oil price

    22 June 2015

    The crash in oil prices has led to a dramatic decline in the number and value of awards for FPSO units, Douglas-Westwood, an energy intelligence group, said in its DW Monday report. According to DW, there have only been three contracts awarded this year; a conversion for the Sankofa-Gye Nyame development, located in the Eni-operated Offshore […]

  • Aker Reports Growth in 1Q Revenue

    1 May 2014

    Aker Solutions’ revenue rose to NOK 11.2 billion in the first quarter of 2014 from NOK 10.3 billion a year earlier, driven by sales of subsea products and services, single drilling equipment and umbilical systems in the U.S. and Norway. Revenue also increased in the process systems unit, bolstered by strong demand in Norway, the […]