Fossil Energy
Record earnings for Oceaneering in Q3
Oceaneering International, Inc. reported record earnings for the third quarter ended September 30, 2014. On revenue of $973.1 million, Oceaneering generated net income of $124.3 million, or $1.16 per share. For the third quarter of 2013, Oceaneering reported revenue of $853.3 million and net income
Shell elects new Chairman
Royal Dutch Shell plc has appointed Charles O. Holliday as Chairman with effect from the conclusion of the 2015 Annual General Meeting, subject to his re-appointment as a Director of the Company by shareholders at the AGM. Holliday will succeed Jorma Ollila who will step down from the Board with eff
GMS wins 4-year contract for SESV
Gulf Marine Services (GMS), a provider of self-propelled self-elevating support vessels (SESV) serving the offshore oil, gas and renewable energy sectors, has confirmed a major new contract award for one of its Large Class vessels. The company did not disclose the name of the contractor. The vessel
Eni makes new discovery off Congo
Eni has made a new “important oil discovery” in the Minsala Marine exploration prospect located in the Marine XII Block offshore Congo at 35 kilometers from the shoreline and 12 kilometers from the recent Nené Marine discovery. The discovery was made through the Minsala Marine 1 well which was drill
‘Pieter Schelte’ to leave S. Korea within days, Allseas President says
Pieter Schelte, the world’s largest platform installation / decommissioning and pipelaying vessel, is expected to leave South Korea within days, said Edward P. Heerema. Heerema is the founder of Allseas Group, the Swiss-based company specialising in offshore pipeline installation and subsea construc
CGG’s Gulf of Mexico multi-client program prefunded
CGG has announced another major commitment to its Gulf of Mexico StagSeis multi-client program with the prefunding of the entire 871-offshore-block program by an international E&P company. Representing over 20,000 sq. km, this new full-program commitment for all three StagSeis surveys, IBALT, DEUX a
Additional staff reductions at Aibel
During the course of 2014, Aibel has announced several staff reductions due to reduced workload. Over the past year, the company’s workload has been declining. This has resulted in several staff reductions. Simultaneously, Aibel has done extensive work to improve its competitiveness within the diffe
CNOOC revenues down
In the third quarter, CNOOC Limited, recorded total net production of 103.0 million barrels of oil equivalent, basically flat year-on-year (YoY). Production growth in Bohai offshore China remained steady, while overseas production fell slightly primarily due to scheduled maintenance at the Buzzard o
Day two in pictures
Offshore Energy 2014 Exhibition and Conference, being held in Amsterdam, is now at its second and last day for this year. Described as the fastest growing gathering of offshore industry professionals in Europe, the event will on this second day host conferences covering developments in Wave and Tida
PSA Norway probes FPSO Petrojarl Varg
The Petroleum Safety Authority (PSA) Norway has carried out an audit of Teekay Petrojarl with associated offshore verification on board Petrojarl Varg. Teekay Petrojarl is a Norwegian company that operates floating production, storage and offloading (FPSO) facilities. The PSA carried out an audit of
VIDEO: Ultra harsh jack-up Maersk Interceptor named in Norway
Maersk Drilling has reported that in a ceremony held at GMC Marine Partners yard in Mekjarvik in Norway, Anita Utseth, Senior Vice President in Det norske oljeselskab ASA had named the ultra harsh environment jack-up rig Maersk Interceptor. Maersk Interceptor is the second in a series of four ultra
Highlights of the day one (VIDEO)
The following video shows the highlights from the first day of the Offshore Energy 2014 event that opened its doors to visitors yesterday (October 28) at Amsterdam RAI, the Netherlands. Offshore Energy 2014 was opened by Dr. María de Lourdes Melgar Palacios, Under Secretary of Hydrocarbons of Mexico
Eni withdraws from Heron (Australia)
MEO Australia Limited has advised that Eni Australia Limited has elected not to drill an additional well on the Heron structure and will therefore withdraw from the Heron Area of NT/P68, offshore Australia. As a consequence, MEO will regain a 100% Participating Interest in the Heron Area. MEO says t
MacArtney to deliver FPSO slip rings for Martin Linge
MacArtney has received an order from OneSubsea™ for Moog Focal oil and condensate gas FPSO slip rings. The order also includes cables and associated junction boxes. The FPSO slip rings are designated for the ‘Martin Linge’ project on the Norwegian Continental Shelf due west of Bergen. MacArtney says