Fossil Energy
Rowan income falls on out-of-service rigs
Rowan Companies, a US-based drilling contractor has announced that for the three months ended June 30, 2014, the company generated net income from continuing operations of $32.9 million, or $0.26 per share, compared to $82.8 million, or $0.67 per share in the second quarter of 2013. Rowan has explai
Artificial Lift Company becomes AccessESP
Artificial Lift Company (ALC) has changed its name to AccessESP, saying it would now better communicate the value proposition of the company’s unique and practical electric submersible pump (ESP) conveyance technologies. The company unveiled its name, logo and website today. AccessESP’s new name
Dana Gas: Zora field progressing well. Drilling contracts imminent.
Zora gas field development project, located 33 kilometres from the UAE coast line, is progressing well, Dana Gas has said today in its quarterly report. The company said it has awarded most of the contracts for the load out and installation of platform and topsides, the construction of the onshore g
Proserv appoints two VPs
Energy services company, Proserv, says it has further consolidated its position for future growth by appointing two vice presidents to its senior management team. Paul Douglas has been promoted to the role of VP operations with Bruce Stuart joining Proserv as VP sales and business development for Eu
DNV GL praises ‘best in class’ tugs
DNVGL has congratulated ALP Maritime Services on the development of its next-generation “ALP Future Class” ocean going tugs.
Dolphin receives contract for Pacific survey
Norway’s Dolphin Geophysical has been awarded a 3D seismic survey contract in the Pacific region. The company said the contract would start at the end of the year and would take roughly three months to complete the survey. The name of the client was not disclosed, but Dolphin said that the customer
Lundin CEO blames Shell, Bluewater for Brynhild delays
After facing months of delays with the start up of the oil flow from the Brynhild oil field in the Norwegian part of the North Sea, Lundin CEO has put a blame on Shell and Bluewater.
Ocean Rig profit rises. ‘Athena’ starts drilling in Angola
Ocean Rig UDW, a Greece-based offshore drilling contractor, recorded a net income of $69.6 million for the three-month period ended June 30, 2014, as compared to a net income of $38.8 million, for the three-month period ended June 30, 2013. Revenues from drilling contracts increased by $181.6 millio
Shell: Oil production begins from Bonga North West
Shell’s deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Ltd (SNEPCo) started oil production from the first well at the Bonga North West deep-water development off the Nigerian coast on Tuesday 5 August 2014. “This is an excellent addition to our deep-water portfoli
First female unit director in Maersk Drilling
Maersk Drilling has appointed Moira Ming Ying Li as unit director for the Maersk Deliverer rig working for Chevron offshore Angola. She will assume her new role 15 August 2014. Moira Ming Ying Li is the first female unit director in Maersk Drilling. “We are very pleased to appoint Moira Ming Ying Li
Stone Energy to develop Amethyst via Pompano platform
Stone Energy has sanctioned the development of the Amethyst field in the U.S. Gulf of Mexico. In its second quarter report, the company revealed that the development plan for Amethyst was sanctioned early in the second quarter of 2014 and long lead items have been ordered for a single well tie-bac
Dana Gas profit jumps on increased production
Dana Gas, the Middle East’s largest regional private sector natural gas company, today announced its financial results for the six months of 2014 and second quarter ended 30 June 2014. In the second quarter of 2014, the Company reported a 70% jump in net profit to $ 46 million (AED 169 m) as compare
Fire shuts Deep Panuke production offshore Nova Scotia
Production from the Deep Panuke platform, offshore Nova Scotia, Canada, has been shut after a fire outbreak. According to The Canada-Nova Scotia Offshore Petroleum Board, a small transformer fire broke out within a contained room on the Deep Panuke production platform. Reportedly, the fire was succe
Zawtika gas flows to Thailand
Thai oil company PTTEP has informed that gas began flowing from the Zawtika Project offshore Myanmar to the Thailand market. The Zawtika Project began delivering natural gas for use in Thailand and is currently ramping up output to a rate of 240 million standard cubic feet per day (MMSCFD), which is