Fossil Energy
KBR nets major contract with HHI for Al-Nasr project
KBR Inc. has received a letter of award from Hyundai Heavy Industries Co. Limited to perform engineering design services for the Abu Dhabi Marine Operating Company Al-Nasr Full Field Development project, located offshore Abu Dhabi. Under the terms of the contract, KBR will provide engineering design
BOEM makes first step towards O&G leasing off Alaska
As part of its commitment to a regionally tailored approach to safe and responsible domestic energy production, the Bureau of Ocean Energy Management (BOEM) has issued a Call for Information and Nominations for potential Oil and Gas Lease Sale 242, proposed for the Beaufort Sea Planning Area off Ala
TDW on pipeline repair gig off Malaysia
When several leaking valves were detected across multiple major gas trunk lines, as well as a defective section of feed line piping, the operator of two gas field developments offshore Malaysia moved to replace them safely and quickly. To ensure that gas would flow with minimal disruption while esse
Most popular articles of the week, July 21 – 27, 2014
FMC Technologies in JIP with four O&G majors to develop new generation subsea equipment FMC Technologies, Inc. has signed an agreement which establishes a joint industry program that includes Anadarko Petroleum Corporation, BP, ConocoPhillips and Shell for the purpose of jointly developing a new gen
U.S. Offshore rig count up by 3
Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website. BHI Rig Count: U.S. + 12 to 1883 rigs U.S. Rig Count is up 12 rigs from last week to 1883, with oil rigs up 8 to 1562, gas rigs up 3 to 318, and miscellaneous rigs up 1 to 3. […]
Hydra Offshore, Wood Group pen TEN project support contract (Ghana)
Hydra Offshore Limited and Wood Group Ghana Limited have signed a two-year support contract for subsea engineering services in Ghana. Hydra Offshore has reported, through the company’s Facebook page, that the company has signed a long-term deal with Wood Group to provide local engineering support fo
Statoil to plug Gullfaks Sør well with Deepsea Atlantic
Statoil has received consent from Petroleum Safety Authority Norway (PSA) to use Deepsea Atlantic semi-submersible drilling rig for permanent plugging of well 34/10-52A/B at Gullfaks Sør. Gullfaks Sør lies in blocks 34/10 and 33/12 in the northern part of the North Sea. The field has been developed
‘Boa Galatea’ preparing to embark upon EM survey for Nalcor
Nalcor has signed a multi-client license agreement with Electromagnetic Geoservices ASA (EMGS) for regional 3D Electromagnetic (EM) Survey data over frontier areas of Newfoundland’s offshore. The Boa Galatea, the vessel that will carry out the survey, is in the Port of St. John’s preparing to start
JDR to open offshore engineering tech centre in Cambridge
JDR, a provider of technology connecting the global offshore energy industry, is opening a new offshore engineering technology centre in Cambridge. Building out from JDR’s global HQ in North Cambridgeshire, the new centre will put JDR at the heart of Cambridge’s growing oil and gas innovation commun
Rosneft net income increased by 5 times
Rosneft, a leader of Russia’s petroleum industry and the world’s largest publicly traded petroleum company, has published interim consolidated financial statements for 2Q14. In 1H14, the Company continued to demonstrate strong financial results due to stable hydrocarbon production levels, successful
Bluestream orders containerised air-dive spreads from IHC Hytech
IHC Hytech, part of Royal IHC, has secured an order for two innovative containerised air-dive spreads from Bluestream, an offshore and subsea company that operates in the oil and gas, and renewable energy sectors. These high-quality systems consist of a containerised 1,800mm decompression chamber wi
CNPC signs coops deal in Cuba
On July 22 in Havana, Capital of Cuba, CNPC and CUPET, cuban state oil company, signed a framework agreement on increasing crude output and production sharing, and a cooperation agreement on drilling services. The contract was signed in the presence of Chinese President Xi Jinping and Cuban Presiden
Gulf Island Fabrication teams up with Bechtel
Gulf Island Fabrication, Inc., has announced that they have signed a cooperative agreement with Bechtel Oil, Gas, and Chemicals, Inc. to work together to pursue opportunities for offshore projects for the U.S. Gulf of Mexico and abroad. Gulf Island’s fabrication experience, infrastructure, and skill
Statoil improves profit despite output drop
Statoil has delivered results for the second quarter 2014. Net operating income was $5.16 billion (NOK 32.0 billion), a decrease of approximately $371 million (NOK 2.3 billion) compared to the second quarter of 2013 adjusted earnings were $5.21 billion (NOK 32.3 billion). “Statoil delivered solid op