Fossil Energy
Cyrus, Harris Pye to Cooperate on Engineering Projects
Top Welsh 100 companies Harris Pye Group and Cyrus-RW Group announced this week that they have formed an alliance to co-operate on engineering projects throughout the world. Cyrus and Harris Pye will work together to secure and fulfil marine, offshore and power contracts, from large steel installati
Havila Wins Charter Deals Worth $180 Million
Norway’s Havila Shipping ASA has entered into a long term charter contract with Deepocean for the 2009 built Subsea vessel Havila Phoenix. The contract, scheduled to start in Q1 2014, is for a firm period of 7 years with 4 optional periods each of 1 year. The contract includes an agreement about som
Aker Solutions’ 4Q Results Solid but Not Spectacular, CEO Says
Norway’s Aker Solutions reported revenues of NOK 12.0 billion and earnings before interest, tax, depreciation and amortisation of NOK 1.2 billion in the fourth quarter of 2012. Based on the preliminary annual results, which show revenues of NOK 44.9 billion and EBITDA of NOK 4.7 billion, the Board o
Eni’s 4Q Profit Up 13 Pct (Italy)
Italy’s Eni, the international oil and gas company, today announces its group results for the fourth quarter and the full year 2012 (unaudited). The company reported a net profit for the full year 2012 of €7.79 billion, a 13,5% increase compared to 2011. Eni has also reported a net profit of €1.46 b
DOF Subsea Orders OSCV from STX OSV (Norway)
STX OSV , one of the major global designers and shipbuilders of offshore and specialized vessels, has secured a new contract for the design and construction of one Offshore Subsea Construction Vessel (“OSCV”) for DOF Subsea. The vessel will be of OSCV 12 design, developed by STX OSV in Ålesund, Norw
Farstad Orders OSCV from STX OSV
STX OSV Holdings Limited has secured a new contract for the design and construction of one Offshore Subsea Construction Vessel (“OSCV”) for Farstad Shipping . This newbuilding, designed for subsea and IMR (Inspection, Maintenance and Repair) operations, is part of Farstad’ Shipping’s fleet developme
Shell, TPAO Sign Exploration Agreement (Turkey)
Anglo/Dutch oil titan Shell has today signed an offshore exploration agreement with the Turkey’s state-controlled company TPAO, Reuters has reported. Under the agreement Shell will drill at least one well in the Turkish sector of the Black Sea, which could hold between 7 and 10 billion barrels of oi
VIDEO: ABB CEO Discusses 2012 Results
ABB, a Switzerland-based company engaged in power and automation technologies, reported higher orders and revenues for the full year 2012, a solid performance on operational EBITDA and another year of strong free cash flow generation as it continued to capture profitable growth opportunities in a we
AMEC 2012 Revenue Up 28 Pct (UK)
AMEC Plc, a British multinational consultancy, engineering and project management company headquartered in London, today reported its for revenue for 2012 was £4.158 billion (USD 6.44 billion), up 28 per cent on 2011. The company’s earnings before interest, taxes and amortization were £331 million,
Palfinger Dreggen Supplies Cranes for 7 Drillships and One Platform
Palfinger Dreggen AS has been awarded a contract for the delivery of 28 cranes to Sembcorp Marine’s subsidiary Jurong Shipyard Pte. Ltd. The contract includes the supply of cranes for a total of seven drillships to Sete Brasil, scheduled for delivery between 2014 and 2017. Palfinger Dreggen AS has a
Antrim Announces Change in Management
Antrim Energy, an exploration and production company with interests offshore in the UK North Sea, Ireland and Tanzania announced that Doug Olson has provided notice of his retirement from the position of Chief Financial Officer of Antrim effective March 31, 2013. The Company’s management and Board o
STX OSV to Build OSCV for Solstad Offshore (Norway)
Solstad Offshore ASA (SOFF) has entered into a new contract with STX OSV AS for building of a construction service vessel (CSV) of type OSCV 03. The vessel’s contract value is around NOK 600 million (USD 109 million) and it will be delivered during 2nd quarter 2014. SOFF has signed a 5 year firm cha
Dana Petroleum: New Managing Director for Norwegian Activities
Aberdeen-based Dana Petroleum has announced the appointment of a new Managing Director for its Norwegian activities. Reidar Hustoft took up his new position on 1 February replacing John M Dahlen, who is retiring from the company. John was a co-founder of Ener Petroleum which was acquired by Dana in
Endeavour Halts East Rochelle Ops Due to Conductor Issues (UK)
Endeavour International Corporation today announced a drilling update on the East Rochelle well (15/27-E1y) in the U.K. Central North Sea. Following a severe storm lasting several days, the Company performed a routine inspection of the conductor, well head and blow out preventer systems using a Remo