Fossil Energy
Galp bites dust offshore Morocco
Galp Energia announces the conclusion of the drilling of the exploration well TAO-1, located in the Tarfaya Offshore area, in the Atlantic margin of offshore Morocco, where no hydrocarbons were encountered. The primary objective of the well was to test the resources potential of the Trident prospect
No W. Africa deal for Polarcus
Marine seismic specialist Polarcus has informed that it will not be acquiring seismic data under the Letter of Intent signed in June. The company on June 16, 2014, received a Letter of Intent for a 3D marine seismic survey project for an undisclosed customer offshore West Africa. However, following
Exxon VP set for retirement
Patrick T. Mulva, vice president and controller of Exxon Mobil Corporation, has announced his intention to retire on Sept. 1, 2014, after more than 38 years of service. Mulva, 63, joined Exxon Company U.S.A. in 1976 as a financial analyst at the company’s refinery in Baton Rouge, Louisiana, and went
GSP Offshore buys PSV trio from MAC
Romania’s GSP Offshore has acquired three new Platform Supply Vessels from Marine Assets Corporation (MAC). The recently built vessels of MMC 887 design, named GSP Altair, GSP Centaurus and GSP Pegasus, measuring 87.02 meters in length and 18.80 meters in width. The 5,000 dwt vessels have a deck are
Bowleven gets Etinde development rights
Bowleven, the Africa focused oil and gas exploration group traded on AIM, has informed that the formal decree awarding the Etinde Exploitation Authorisation (EA) has been signed by the President of Cameroon. This concludes the final stage of the EA award process. This EA gives Bowleven and its joint
Honghua drilling equipment for Tiger drillships
Honghua Group Ltd. has entered into a sales agreement with Shanghai Shipyard Co., Ltd. on 31 July 2014 for the sale of drilling packages for TIGER series drilling ships, TIGER III and TIGER IV, worth approximately US$56 million, after the successful cooperation for TIGER I and TIGER II. Pursuant to
Van Oord finishes Ichthys dredging project
INPEX announced today the on-schedule completion of the Ichthys LNG Project’s dredging program in Darwin Harbour in the Northern Territory of Australia.
Most popular articles of the week, Jul 28 – Aug 3, 2014
New offshore contracts; EU-Russia sanctions; Indian firms looking to Malaysia; Brazilian platform on fire; Offshore jobs advice….
U.S. Offshore rigs down by 2
Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website, according to which the U.S. offshore rig count has fallen by two units. BHI Rig Count: U.S. + 6 to 1889 rigs U.S. Rig Count is up 6 rigs from last week to 1889, with oil rigs up 11 to 1573, […]
West Coast governors ‘strongly oppose’ offshore oil lease sale
Governors of California, Oregon and Washington are against the offshore oil & gas lease sale proposed by the U.S. Department of Interior.
Kim Heng Offshore & Marine issues profit warning
Kim Heng Offshore & Marine Holdings Limited, an SGX-listed company offering rig management and supply base management services, today issued a profit warning. The company said it has deemed it appropriate to issue a profit guidance in respect of the unaudited financial results of the Group for the s
JOGMEC and PEMEX sign coop agreement
Japan Oil, Gas and Metals National Corporation (JOGMEC), Petróleos Mexicanos (PEMEX), and its subsidiaries signed a Memorandum of Understanding for bilateral technical cooperation. The MOU was signed by Emilio Lozoya Austin, CEO of PEMEX, and Hirobumi Kawano, the President of JOGMEC, in the presence
Chevron’s profit jumps
California-based oil company Chevron today announced earnings of $5.7 billion ($2.98 per share – diluted) for second quarter 2014, compared with $5.4 billion ($2.77 per share – diluted) in the 2013 second quarter. Foreign currency effects decreased earnings in the 2014 quarter by $232 million, compa
KBR records net loss in 2Q
KBR, Inc., a global engineering, construction and services company yesterday reported a net loss for the 2Q 2014. Net loss attributable to KBR was $8 million, or $0.06 per diluted share, compared to net income attributable to KBR of $90 million, or $0.61 per diluted share, in the second quarter of 2