Fossil Energy
CGG shoots seismic in Espirito Santo Basin (Brazil)
CGG announced today that it has started acquiring a large BroadSeisTM 3D multi-client survey program in the deep and ultra-deep waters of the Espirito Santo Basin. The company says that the project has received high prefunding from major industry players. The Espirito Santo Phase III survey will c
Teekay Offshore pens LOI to buy Logitel
Teekay Offshore today said it entered into a letter of intent to acquire Logitel Offshore Holdings Ltd. (Logitel), a Norway -based company focused on the high-end floating accommodation market. Logitel owns two floating accommodation units, which are based on the Sevan Marine ASA (Sevan) cylindrical
Ocean Installer hires Grand Canyon for UK ops
Ocean Installer has signed a short term charter for the OCV/ROV Grand Canyon in order to meet project requirements. Due to an increasing order book Ocean Installer is experiencing high utilisation of its current fleet and recognises the need for increased vessel capacity in the UK. “We have seen the
Singapore: Swiber profits from disposal of subsidiaries
Swiber Holdings Limited, an integrated construction and support services provider to the offshore oil and gas industry, has achieved a 106.4% increase in net profit to US$52.8 million notwithstanding a 35.6% decline in revenue to US$199.5 million for the three months ended March 31, 2014. A signific
Caterpillar gensets to power Keppel-built rigs
Caterpillar Oil & Gas announced today that the Cat® C175 and Cat 3516B generator sets have been selected to power five high spec Super Class B jack-up rigs. Each rig will be equipped with five Cat C175 generator sets, each with rated power of 1833 ekW @ 60 Hz (1200 rpm), for prime power […]
EMGS to start Barents Sea survey
Electromagnetic Geoservices ASA, Norwegian provider of electromagnetic (EM) technology used support oil and gas companies in their search for offshore oil, has received a new contract. EMGS says that the contract, worth NOK 10 million (USD 1.7 million), is from a repeat customer for 3D EM data acq
Total celebrates 50 years of Dutch North Sea operations
Total E&P Nederland, a subsidiary of the French oil giant Total, last month marked 50 years of operations on the Dutch continental shelf. As part of the celebration ceremony, Total welcomed journalists and other guests to its Central Control Room in the Hague. The Central Control Room is the place f
Vallianz Latin America job worth $82m
Vallianz Holdings Limited, an integrated offshore marine solutions provider in the offshore oil and gas industry, through its subsidiary, has received a Letter of Award for the provision of Charter and Ship Management services worth US$82.0 million to a major offshore construction company. The LOA e
Enhanced Drilling completes Troll pilot project
Offshore technology provider Enhanced Drilling has successfully completed a landmark pilot project with Statoil. The EC-Drill ® system from Enhanced Drilling is a managed-pressure-drilling system for use off floating rigs. The pilot, conducted on the Troll Field on the Norwegian Continental Shelf, s
Anadarko: Dividend increases 50%
The Board of Directors of Anadarko Petroleum Corporation today declared a quarterly cash dividend on the company’s common stock of 27 cents per share, a 50-percent increase from 18 cents per share in the previous quarter. The dividend is payable June 25, 2014 to stockholders of record at the close o
Apache gets new board member
Apache Corporation, an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom North Sea and Australia, has appointed Annell R. Bay to its board of directors. Bay, 58, recently retired after six years as vice president of Global Explorat
Gazprom: Yuzhno-Kirinskoye field reserves on the rise
On the threshold of Gazprom’s annual General Shareholders Meeting the Company’s headquarters hosted today the Press Conference “Mineral and Raw Material Base Development, Gas Production, Gas Transmission System Development”. Taking part in the Press Conference were Vitaly Markelov, Deputy Chairman o
Cygnus platform sails to offshore location
Key infrastructure for the Cygnus gas field left the Heerema Hartlepool yard yesterday as the project takes the next step towards targeted first gas in late 2015.
Premier Oil reports rise in 1Q oil production
Premier Oil, a UK-based independent oil and gas exploration and production company, today reported that in the first quarter of 2014 its oil production rose 13% compared to the same period in 2013. Production averaged 65.8 kboepd in the first quarter, Premier Oil said, revealing the full year guid