Fossil Energy
EMGS CEO Disappointed with Financial Performance
EMGS delivered revenues of USD 44.4 million in the second quarter 2013, up from USD 31.7 million in the previous quarter and down from USD 57.1 million in the corresponding period last year. USD 14.8 million of the revenues came from multi-client sales. The Company had an EBITDA of USD 13.2 million
H7 Platform Removed from German North Sea
The platform (photo above) stood on Norpipe and came on line in 1977. Its compressors were used to maintain pressure in the pipeline, which carries gas from Norway’s Ekofisk area to the Norsea Gas Terminal at Emden in Germany. The compressors were shut down in 1999, but the installation remained ope
Farstad Orders Subsea IMR Vessel from Vard
Farstad Shipping ASA has, through its wholly owned subsidiary Farstad Supply AS, reached an agreement with Vard Group AS to build one subsea/IMR vessel. The steel hull of the vessel will be built by Vard yard in Tulcea, Romania and outfitting will take place at Vard Langsten in Tomrefjord. The vesse
Citec Buys M7 Offshore
Citec continues to strengthen its competence and offering within the oil and gas segment via acquiring the Norwegian engineering company M7 Offshore AS. M7 provides engineering and project management services to the oil & gas industry, including liquefied natural gas (LNG). The focus is on process p
15 Oil Firms Buy Seismic Data Covering Jan Mayen and Barents Sea
The Norwegian Petroleum Directorat has informed that, as of 19 August, 15 oil companies have purchased the Norwegian Petroleum Directorate’s seismic data package from the southeastern part of the Barents Sea and the ocean areas off Jan Mayen ridge. The 15 companies are: Chevron Norge AS, Idemitsu Pe
Oil & Gas UK: Renewed Gov’t and Industry Dedication Promotes Investment
Oil & Gas UK’s 2013 Economic Report, published today (21 August), highlights how the renewed commitment from the Government and industry to extract oil and gas from the UK’s Continental Shelf (UKCS) is succeeding in promoting investment to an all-time record of £13.5 billion this year. Oil & Gas UK’
Transocean Secures $2.5 Bln in Drilling Contracts
Transocean, one of the world’s largest offshore drilling contractors by fleet size, has revealed it has secured new drilling contracts worth approximately $2.5 billion. The company, in its latest fleet status report, announced that it has, since July 17, 2013, received drilling contracts for five of
Aker Solutions to Conduct Johan Castberg Floater Concept Study
Aker Solutions, a Norway-based provider of oilfield services, has secured a contract from Statoil to conduct an extended concept study for the floater for the Johan Castberg oilfield development in the Barents Sea. The contract, worth NOK 250 million, includes options for further work. “This is an e
China: ‘Sea Forth’ PSV Delivered to Seatankers
The third ULSTEIN designed platform supply vessel of the PX105 design for Seatankers, ‘Sea Forth’, was delivered on 16 August 2013 from the Zhejiang yard in Ningbo. ULSTEIN delivers twelve design and equipment packages to the Chinese yard, where all the vessels for Seatankers Group will be construct
Statoil Exercises Options for Two Havila Vessels
Norwegian owner of offshore support vessels Havila Shipping has announced that Statoil has decided to extend contracts for two of its vessels. According to a notice issued by Havila today, Statoil has declared the first option for the RRV vessel Havila Troll, and also the Norwegian oil giant has exc
DONG Energy to Slash 400 Jobs. 1H Earnings Up
The Board of Directors of DONG Energy, one of the leading energy groups which focuses on procuring, producing, distributing and trading in energy and related products in Northern Europe, has today approved the interim financial report for the first half of 2013 with the following financial highlight
Scana Offshore Wins BOP Stacking Services Job
Scana Industrier ASA has through its subsidiary Scana Offshore Services Inc been awarded a contract for BOP stacking services of approximately $2.7 million to an unnamed client. The project work will be executed in Houston and will further support the increased utilization of the new workshop facili
Socar’s Caspian Well Still Burning. BP Offers Help
British oil giant BP has offered help to Azerbaijan’s national oil company Socar to put a burning Caspian Sea well under control. The well #No90 went out of control on Saturday night when natural gas started flowing uncontrollably from it and caught fire. “We’re ready to accept BP’s help, which is v
Wood Group Reports Strong 1H Performance
Wood Group, an international energy services company, has announced its half year results for the six months ended 30 June 2013. The Company reports good growth in EBITA in the first half and is confident of achieving full year performance in line with expectations. Revenue from continuing operation