Fossil Energy
Ulstein Sells 100th Ship Design
ULSTEIN’s latest design contract for Vroon Offshore Services pushes the total number of offshore ship designs sold past the 100 mark. This milestone has been achieved in 14 years, with 74 of the contracts signed for the X–BOW® design. The numbers behind that ‘headline hundred’ are a testimony to the
SeaBird 3Q Revenues Up 14 Pct
SeaBird Exploration Plc, a global provider of marine 2D/3D/4D seismic data, and associated products and services to the oil and gas industry, reported its revenues for the quarter were $51.9 million, an increase of 14% compared to the comparable period in 2012 and up 29% relative to Q2 2013. Contrac
DeepOcean Appoints New Director SURF (Norway)
DeepOcean AS , a subsidiary of DeepOcean Group Holding BV, today announced that John Baxter has been named DeepOcean’s Director SURF. “We are excited that John has decided to join DeepOcean to lead our SURF team in Haugesund and Aberdeen. He has the experience and business contacts and we are confid
Cargotec Buys Mooring and Loading Business from Aker Solutions
Aker Solutions today agreed to sell its mooring and loading systems business to Cargotec for an enterprise value of NOK 1.4 billion, or about EUR 180 million. The unit, known for the Pusnes brand name, provides mooring equipment, loading and offloading systems, as well as deck machinery for the glob
Research & Markets: Oil and Gas Security Market to Reach $30 Bln Number by 2018
Research and Markets has announced the addition of the “Oil and Gas Security Market” report to their offering. According to the report the total oil and gas security market is expected to grow from $23.23 billion in 2013 to $29.98 billion by 2018, at an estimated Compound Annual Growth Rate (CAGR) o
Schlumberger Introduces Sonic-While-Drilling Service – SonicScope
Schlumberger announced today the release of the SonicScope* multipole sonic-while-drilling service for wells with large boreholes. The SonicScope service provides high fidelity measurements to determine formation pore pressure and breakout limits to improve drilling risk management. “When drilling i
Siem Offshore Enters Two Charter Agreements
Siem Offshore and Marine Platforms Limited have entered into a new contract for the MRSV “Siem Marlin”. The contract is made at market terms and is for a firm period of one year with start in April 2014. Also, Statoil has exercised the option to charter the large-size PSV “Siem Sailor” for one addit
Interview: DylanGroup Forges Ahead
As the offshore industry moves toward further expansion and building-up of its capacities there is an ever-growing need for resourceful and reliant steel partners in the market who can provide custom-made steel piping products and services. In order to find out more about the on-going projects and t
Eni: Mozambique Stake Sale Moves Net Profit Up
Eni the international oil and gas company, today announces its group results for the third quarter and nine months 2013. Adjusted Net Profit In the third quarter of 2013, adjusted net profit was €1.17 billion, down 29.4% when excluding Snam’s contribution to continuing operations in the third quarte
Statoil Awards Consultancy Services Contract to OPC
A framework agreement to supply Drilling, Wells and Petroleum Technology resources has been awarded to OPC by Statoil ASA. Starting in January 2014, the 5 year contract runs until 2018 and has options to extend until 2023. The agreement covers the provision of consultants for the specialist discipli
Fayard to Upgrade Maersk Gallant Jack-Up Rig (Denmark)
Continuing the long business relations Maersk Drilling placed the order for upgrading of the jack-up drilling rig Mærsk Gallant (built in 1993) with Fayard A/S located at the previous Lindø Yard in Munkebo, Funen. In competition with other Northern European shipyards, Fayard qualified for the fourth
TTS Receives Subsea and Specialized Cranes Order
TTS Group ASA has, through its subsidiary TTS Offshore Handling Equipment AS, signed two new contracts for subsea and specialized cranes with a total value of approximately MNOK 60 (USD 10.2 Mln). The largest contract is with IHC Offshore & Marine B.V. in The Netherlands. It concerns delivery of thr
Statoil CEO: Strong Strategic Progress Made in 3Q
Statoil’s third quarter 2013 net operating income was NOK 39.3 billion (around $6,66 billion). Adjusted earnings were NOK 40.4 billion (around $6.84 billion). Adjusted earnings after tax were NOK 12.1 billion, compared to NOK 11.9 billion in the third quarter of 2012 “Statoil delivered strong strate
Dolphin Nets Hat-Trick of New Seismic Contracts
Dolphin Geophysical has won three new 3D seismic contracts with undisclosed clients, which will improve contract visibility for the remaining part of 2013 and 2014. Two new contracts will be performed in Mediterranean waters, starting immediately. The third contract is a 3D seismic contract over an