Fossil Energy
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 res
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 21.100 in June. The AHTS f
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 as CEO o
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 (20.00%), Pierce (7.48%) and Wytch Farm (7.43%) field interests t
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 an extension of the
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 N
Shell names Projects & Technology Director
Royal Dutch Shell plc has announced the appointment of Harry Brekelmans as Projects & Technology Director with effect from October 1, 2014. In his new role, Brekelmans will become a member of the Executive Committee and will take over from Matthias Bichsel who will be leaving the company after 34 ye
Transocean Partners prices IPO units at $22
Transocean Partners LLC, a Marshall Islands limited liability company formed by Transocean Ltd., announced today the pricing of its initial public offering of 17,500,000 common units representing limited liability company interests at $22.00 per unit. All of the common units are being offered by Tra
Honeywell to upgrade Molikpaq platform
Honeywell Process Solutions has announced it will upgrade process control and alarm management systems at the Molikpaq platform on the Sakhalin shelf, Russia, to improve safety, reliability and operational efficiency. The Molikpaq platform, owned by Sakhalin Energy Investment Co. Ltd., celebrated it
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.
Ensco swings to loss
Ensco plc has reported a loss of $5.07 per diluted share in the second quarter 2014 compared to earnings of $1.55 per diluted share in the second quarter 2013. The loss from discontinued operations for second quarter 2014, which includes a $546 million pre-tax loss on impairment for four floaters th
Eni, KOGAS to drill for gas in Cyprus
The Government of the Republic of Cyprus and representatives of the JV Eni/KOGAS have signed a Memorandum of Understanding. This preliminary agreement is aimed at investigating areas of cooperation related to Cyprus potential gas resources valorization, with priority to the onshore LNG option. Eni i
Atlantic Offshore takes delivery of ERRV Ocean Marlin
Atlantic Offshore has reported that Ocean Marlin Emergency Response & Rescue Vessel has been delivered from Zamakona yard in San Sebastian, Spain.
Noble Corp. reports increase in 2Q income
Drilling contractor Noble Corporation plc has reported second quarter 2014 net income of $235 million, or $0.91 per diluted share, compared to $177 million, or $0.69 per diluted share in 2Q 2013. Revenues for the second quarter of 2014 were $1.2 billion compared to $1.3 billion in the first quarter