Fossil Energy
Baker Hughes records increase in quarterly revenues
Oilfield services provider Baker Hughes, a GE company, posted an increase in its quarterly revenues as well as growth in orders year-over-year.
CNOOC books higher revenues on oil price rebound
Oil prices rebound brought more revenues to CNOOC Limited, which recorded an increase of 10.8% during the first quarter of the year.
India’s ONGC starts processing gas from VA & S1 wells following onshore plant startup
India’s ONGC has started commercial production at its Onshore Gas Terminal Plant in Odalarevu, Andhra Pradesh by processing gas from three offshore wells.
Semco Maritime expects higher activity level in 2018
Denmark-based project engineering company Semco Maritime expects a higher level of activity this year when compared to the last year. The company has no plans of steering away from the oil and gas business despite an increased focus on other markets. Semco Maritime said in its annual report for 2017
Canadian firm adds two vessels to offshore support fleet
In association with the U.S.-based Tidewater Marine, Canada’s Horizon Maritime has just added two supply vessels to its Canadian offshore support vessel fleet.
OPEC and Non-OPEC oil production cuts break another record
Another record-breaking month of conformity levels with production adjustments during March 2018…
Odfjell Drilling eyes Stena Midmax rig
Odfjell Drilling is considering to acquire the Stena Midmax rig, a Moss CS60E semi-submersible drilling rig.
U.S. senators introduce legislation to protect coasts from oil spills
U.S. Senators Maria Cantwell and Patty Murray have introduced the Clean Coast Act to protect coasts from catastrophic oil spills.
Cluff Natural to raise over $1 million through subscription of shares
Cluff Natural Resources has revealed plans to raise funds to finance the company through mid-4Q through a subscription of new ordinary shares.
Aker BP granted drilling permit for Svanefjell well
The Norwegian Petroleum Directorate has granted Aker BP a drilling permit to drill a wildcat well in the Barents Sea offshore Norway.
Australian offshore regulator investigating Ichthys-related diving injuries
NOPSEMA has been conducting an investigation of saturation diving operations on the Ichthys project.
Wood, Cisco, Roue unveil new oil and gas technology center in Mexico
A trio of companies has opened a new Oil and Gas Advanced Technology Center in Naucalpan, Mexico.
Keppel sees increasing confidence in offshore and marine business
Underpinned by higher oil prices, Singapore’s Keppel Corporation is seeing increasing confidence in offshore and marine business.
Westcon appeals against court judgement in Prosafe dispute
Norwegian Westcon Yards has filed an appeal against a court judgement in a dispute with Prosafe related to the conversion of the tender support vessel (TSV) Safe Scandinavia.