Fossil Energy
Ensco: Earnings decline due to lower fleet utilization
Ensco plc reported that diluted earnings per share were $1.25 in first quarter 2014 compared to $1.36 in first quarter 2013. Adjusted for $13 million, $0.06 per share, of certain discrete tax items, first quarter 2014 diluted earnings per share were $1.31. Chairman, President and Chief Executive Off
Plexus nets POS-GRIP supply order from Centrica
Plexus Holdings PLC announces that it has secured a new well order to supply its POS-GRIP surface exploration wellhead equipment and services under an existing contract with leading oil and gas company Centrica Energy Norway. The value of the order is estimated at approximately £900,000 with revenue
BP CEO: A very solid start to 2014
BP today announced its financial results for the first quarter of 2014. Underlying replacement cost profit for the quarter was $3.2 billion, compared with $2.8 billion for the previous quarter and $4.2 billion for the first quarter of 2013. Operating cash flow in the quarter was $8.2 billion. The
Atlantic Petroleum buys into Norwegian Sea licence
P/F Atlantic Petroleum has decided to acquire 15% participating interest in PL528/PL528B licences in the Norwegian Sea from Rocksource ASA.
Statoil earnings up. Production down 1%
Statoil’s first quarter 2014 net operating income was NOK 51.4 billion, a 35% increase compared to the first quarter of 2013. Adjusted earnings were up 9% to NOK 46.0 billion. “We are pleased to present strong financial results for the quarter. Higher prices and good results from our US gas value ch
Vard: High order intake in 1Q 2014
Vard Holdings Limited, a designer and shipbuilder of offshore and specialised vessels, today announced its financial results for the first quarter ended 31 March 2014 highlighting ‘exceptionally high’ order intake. The revenues for the first quarter 2014 were NOK 2.67 billion, down 2.7% from NOK 2.7
Sunken Perro Negro 6 rig to be salvaged by March 2015
Saipem’s Perro Negro 6 jack-up rig which sank in the Atlantic Ocean, offshore Angola, in July last year, is expected to be removed from the seabed by March, 2015. The incident occurred during the rig positioning on location between the coasts of Angola and the Democratic Republic of Congo, in approx
U.S. sanctions target Rosneft CEO Igor Sechin. Shares fall 1.9 Pct
Igor Ivanovich Sechin, head of Russia’s largest oil company Rosneft, has found himself on the U.S. Department of the Treasury’s latest list of sanctions imposed on Russia for involvement in the Ukraine crisis. According to a press release on The U.S. Department of the Treasury website, the U.S. desi
Prospector Offshore Drilling raising cash to pay for jack-up rig
Prospector Offshore Drilling S.A. announces that its newly formed subsidiary, Prospector Finance II S.à r.l. has secured a fully committed Senior Secured Credit Facility (the “Senior Credit Facility”), subject to documentation, in the amount of USD 270 million. Prospector Finance II S.à r.l. is also
Nexen: Blackbird’s second production well spudded
Atlantic Petroleum has announced that the Blackbird Field second production well has spudded using the Noble Ton V Langeveld drilling rig. The Blackbird field was discovered in 2008 and has been in production since 2011. The field currently consists of one subsea producer and one water injector tied
Statoil hires VIKING for safety equipment maintenance
Although its safety management offering, called the VIKING Offshore Safety Agreement, was released only last year, marine and fire safety equipment leader VIKING Life-Saving Equipment has already had a number of significant wins. Among these is a newly inked, multi-year servicing contract signed wit
NES receives propulsion deal for Esvagt’s newbuildings
Norwegian Electric Systems recently got the contracts for two diesel electric propulsion systems for Esvagt’s newbuildings, hull no. 1085 and 1086. The vessels are going to be built in Singapore, and these are NES’ 5th and 6th deliveries to Esvagt in 2 years. The scope of supply for each vessel incl
‘Normand Cutter’ arrives at Damen Shiprepair yard
Solstad’s Multi Purpose Offshore Vessel “Normand Cutter” has arrived at Damen Shiprepair yard in Rotterdam. Damen Shipyards Group has announced through social media that the vessel arrived at the yard for the following repair items: overhaul of all four main engines, overhaul of the 300-ton SWL Nati
AGR to provide well services for Det norske’s NCS projects
AGR has been awarded a frame agreement with Det norske to provide well services and consultancy resources to the operator’s projects on the Norwegian Continental Shelf. The frame agreement starts 1 May 2014 with duration of three years. The possible additional two plus two years’ extension will see