Fossil Energy
Athens Group introduces Well Control System Services
Athens Group, a provider of independent, 3rd-party technology assurance services for oil and gas drilling and production systems, has introduced a new generation of Well Control System Services focused on helping assure that subsea equipment is “fit for purpose.” Athens Group Well Control System Ser
South Stream Bulgaria ESIA: No significant impact on Black Sea environment
South Stream Transport has completed the Environmental and Social Impact Assessment (ESIA) for the Bulgarian Sector of the South Stream Offshore Pipeline. The ESIA Report confirms earlier findings that construction and operation of the underwater pipeline is not expected to have a significant impact
NDM secures contract with Kleven Verft
NDM has secured a new contract with Kleven Verft to supply deck machinery for their newbuilding 379, a MPSV for Malaysian based Joint Venture Company IES Pioneer Ltd. The contract for the new vessel is of the MT 6015 MPSV design, designed by Norwegian design company MarinTeknikk, and will be outfitt
Tullow reports 1H 2014 loss
Tulloq today reported its first half 2014 sales revenue decreased 6% to $1.26 billion (1H 2013: $1.35 billion) principally as a result of a 7% decrease in sales volumes primarily relating to the 2013 disposal of Tullow Bangladesh and certain Gabon assets for which Tullow did not receive any sales vo
Vroon launches FSV ‘VOS Glory’
Vroon Offshore Services has announced that yesterday, Tuesday July 29, the launching of VOS Glory took place at Fujian Southeast Shipyard in China. VOS Glory is a 60-m field-support vessel (FSV), currently under construction at the Shipyard for Vroon Offshore Services. The vessel is the second in a
API releases capping stacks guidelines
The American Petroleum Institute today published new guidelines for the design, manufacture and use of subsea capping stacks, equipment designed as part of industry’s emergency preparedness in the event of a spill at a wellhead on the ocean floor. “Enhanced industry standards are an essential piece
BAM Clough completes Ichthys’ MOF (Australia)
BAM Clough Joint Venture has completed the design and construction contract for the Ichthys LNG Project’s Module Offloading Facility (MOF) near Darwin, Northern Territory, Australia for client JKC Australia LNG (JGC Corporation, KBR and Chiyoda Corporation). The MOF was constructed as part of the IN
Oil & Gas UK to host event on employee health
Oil & Gas UK’s breakfast briefing on August 26 will provide an arena for discussing employee health and well-being with three speakers invited to share information about current health statistics and campaigns designed to help people improve their well-being. The event, sponsored by Petrotechnics, w
NOV 2Q net income at $619 million
National Oilwell Varco, Inc. today reported that for its second quarter ended June 30, 2014, it earned net income of $619 million, or $1.44 per fully diluted share, compared to first quarter ended March 31, 2014 net income of $589 million, or $1.37 per fully diluted share. The second quarter 2014 fu
Petrofac thrilled with Shah Deniz contract
Petrofac, the international oil & gas facilities service provider, has secured a contract with the BP-operated prestigious Shah Deniz 2 project in Azerbaijan to provide their maintenance build capabilities. The contract, valued at around £5 million, covers new onshore, offshore and pipeline assets i
CNOOC: Production kicks off at Lishui 36-1
CNOOC Limited has announced today that the Lishui 36-1 gas field, offshore China, has started production. Lishui 36-1 gas field is located 150 kilometres away from Wenzhou city Zhejiang province, with an average water depth of approximately 84 meters. The gas field has 4 producing wells, and its pri
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Saipem bags $540 M in offshore contracts
Italy’s Saipem has been awarded new drilling contracts in Indonesia, Nigeria, the Arabian Gulf and Latin America worth approximately $850 million of which $540 million are related to offshore activity and refer to four different units of Saipem’s fleet. Saipem has signed with Eni Muara Bakau B.V. a
Talisman reports 2Q net loss of $237M
Canada’s Talisman Energy Inc. has announced its operating and unaudited financial results for the second quarter of 2014. During the quarter the company recorded a net loss of $237 million. The primary driver for the loss, Talisman said, was a $171 million movement relating to cash settlements ($46