Fossil Energy
Total cuts spending by 10%
French oil major Total has today reported a drop in its 4Q 2014 net income. The company’s adjusted net income was $2.8 billion, a 17% fall when compared to $3.4 billion earned in the fourth quarter last year. Bloomberg has reported that, despite the drop, Total’s net income beat the analysts’ foreca
Brazil’s CBO opts for Ulstein PSV design
The Brazilian ship owner CBO has ordered a design and equipment package for a platform supply vessel of the PX105 type from ULSTEIN. The contract also includes an option for two more vessels. This will become the 11th ULSTEIN design in their fleet, of which 9 are with the ULSTEIN X-BOW®. The new ves
Unite hails minister’s call for debate over offshore industry future
North East Labour MSP and Shadow Energy Minister Lewis Macdonald yesterday, at the Scottish Parliament, tabled a parliamentary motion on the offshore industry crisis, in order to debate the issue at Holyrood. He said: “There has been a great deal of discussion about the economic impact of falling oi
Subsea UK Awards winners revealed. Proserv named company of the year
Energy services company Proserv was crowned company of the year in the category sponsored by 3sun Group and RRC Controls at last night’s Subsea UK Awards. During the past 12 months, Proserv marked a number of key milestones including a series of high-profile contract awards across the globe, expandi
NPD’s Interactive CO2 storage atlas
The Norwegian Petroleum Directorate has produced two interactive versions of the atlas of potential CO2 storage sites in the sea areas off the Norwegian coast. One of them has been integrated with the NPD’s ordinary fact map, and thus provides access to much more information than is the case for the
Oil & Gas UK: We must support UK offshore fabricators
New information about the capabilities and capacity of the UK offshore fabrication sector will be available in the 2015 UK Offshore Oil and Gas Fabricators Directory, which Oil & Gas UK is publishing in digital form today, Thursday, February 12. Oonagh Werngren, Oil & Gas UK’s operations director, s
KCA Deutag: 500 jobs at risk
Headcounts keep reducing in the oilfield services sector. This time, it is KCA Deutag. The company, a provider of drilling and engineering services, plans to lay off up to five hundred workers, 230 of which in the UK North Sea sector. In a statement sent to Offshore Energy Today, KCA Deutag has expl
Dockwise takes delivery of new semi-submersible heavy transport vessel
Dutch company Boskalis has informed that the Dockwise vessel White Marlin was named and christened during a festive ceremony in Guangzhou, China. Following the ceremony, the semi-submersible heavy transport vessel will be mobilized to Singapore for its maiden transport of two drilling rigs for disch
Kenz Cranes’ equipment on ‘West Rigel’
West Rigel, a harsh-environment semi-submersible drilling rig, currently under construction in Singapore, will feature two Dutch-designed boom hoist cranes. According to Kenz Cranes, a Dutch company specializing in offshore lifting and hoisting solutions, the two EHC 100/4000 cranes were designed in
GE Oil & Gas completes subsea manufacturing facilities in Scotland
GE Oil & Gas has invested more than £13.5million across its subsea manufacturing facilities in Montrose, Scotland, enhancing the business’s test and assembly (T&A) and manufacturing capabilities in direct response to customer need. The company has completed construction of a 1,000m2 heat treat and c
Lomar sheds offshore fleet
Lomar Shipping does not own offshore vessels any more. The delivery in December 2014 of Lomar’s pair of 2008-built platform supply vessels, the Ark Phil and Ark Griffin, following a sale agreed in mid-2014 marked the completion of the company’s strategic sale of its fleet of offshore supply vessels.
Subsea UK: Industry needs to embrace innovation to weather the storm
The fast-growing UK subsea sector, which supports 60,000 jobs, is in for two years of tough times and will only weather the storm if it embraces innovation and new technology, says industry body Subsea UK. On the opening day of Subsea Expo, Europe’s largest subsea event, the chief executive of Subse
Photo: Bollsta Dolphin semi shows its face
Following several artistic impressions of the Bollsta Dolphin semi-submersble drilling rig, Fred. Olsen Energy, the owner, has finally revealed a photo of the rig. The harsh environment ultra-deepwater semi-submersible is currently under construction at the Hyundai Heavy Industries yard in South Kor
Falck offers to measure offshore passengers’ shoulders (UK)
Falck Safety Services (Falck) is offering offshore helicopter passenger measurement solutions, ahead of new regulations set to come into force in April in the UK. The company, with training centres in Aberdeen and Teesside, will provide the service at both centres, ahead of new UK Civil Aviation Aut