Fossil Energy
Petrobras charters ‘Posh Xanadu’ floatel
Singapore’s PACC Offshore Services Holdings Ltd. (POSH) has secured a charter contract worth approximately US$80.5 million for its semi-submersible accommodation vessel (SSAV), the “POSH XANADU”, for use by Petrobras, the Brazilian national oil company, to support its oil and gas production activiti
Neon secures new offshore block in Australia
Neon Energy Limited has been awarded the WA-503-P offshore petroleum exploration permit, as Operator and 100% working interest holder, having successfully bid in the 2013 Australian Offshore Petroleum Exploration Acreage Gazettal. Block WA-503-P is located offshore Western Australia within the Dampi
MCG expands its MC2D Barents Super Tie seismic survey
MultiClient Geophysical (MCG) has extended its multi-client 2D (MC2D) Barents Super Tie towards the east into the newly opened Barents South East (former Disputes Zone between Norway and Russia). The new lines will tie the existing Barents Super Tie in the west to the areas to be covered by the Grou
New orders for Dyna-Mac
Dyna-Mac, a Singapore-based offshore fabrication specialist with core focus in FPSO/FSO topside modules, has secured new orders worth S$50 million (USD 40 million). The orders are for fabrication of eight units of topside modules and three units of structural blocks from two of their repeat clients.
InterMoor strengthens its UK management team
InterMoor, an Acteon company, has appointed Lesley Maxwell as group human resources manager and Nick Knight as business development manager for InterMoor Marine Services Ltd. Maxwell has more than 20 years of international experience as a senior manager in management consulting and human resources r
Encana reports 1Q profit of $116M
Canadian energy company Encana has reported a profitable first quarter of 2014, compared to a net loss recorded in the same period last year. The company’s 1Q 2014 net earnings were $116 million or $0.16 per share compared to a loss of $431 million for the same period last year; and operating earnin
Orga Offshore installs Circle-H helideck lights on Ensco rigs
Orga Offshore has installed its innovative CAP 437-compliant Circle – H LED touchdown, positioning and heliport dentification marking system on Ensco’s jackup drilling rigs ENSCO 70 and ENSCO 80. The latter marks the fifth installation for Orga in as many weeks and with orders to deliver and insta
SNC-Lavalin to support ADOC’s UAE offshore project
SNC-Lavalin Inc. has been awarded a contract by Abu Dhabi Oil Company Ltd. (Japan), (ADOC) to provide project management consultancy services for an expansion aimed at increasing production from oilfields located offshore of the UAE. ADOC is currently operating the Mubarraz, Umm Al Anbar and Neewat
PSA audits OHAS and logistics on Knarr FPSO
From 30 March to 3 April 2014, the Petroleum Safety Authority Norway (PSA) carried out an audit of Teekay Petrojarl (TKPJ) within the disciplines of occupational health and safety (OHAS) and logistics on Knarr FPSO. The objective was to audit that equipment packages and individual areas have been de
Ithaca’s profit jumps 370%
Ithaca Energy reported its 1Q 2014 profit after tax increased by approximately 370% to $16.4 million from $3.5 million in the same quarter of 2013, equating to earnings per share of $0.05 (Q1 2013: $0.01) The company’s cashflow from operations was $43.7 million, an increase from $34.8 million in 1Q
April production beats NPD’s forecast
Norwegian Petroleum Directorate has announced that preliminary production figures for April 2014 indicate an average daily production of about 1 918 000 barrels of oil, NGL and condensate. This is 30 000 barrels per day (about 1.5 percent) less than in March 2014. Total gas sales were about 9.0 bill
New bill to boost safety standards for Canada’s offshore workforce
The Honourable Greg Rickford, Canada’s Minister of Natural Resources, today issued a statement following the passage of the Offshore Health and Safety Act (Bill C-5) in the House of Commons. The Offshore Health and Safety Act has now been referred to the Senate for consideration. “Our government is
Pacific Drilling shareholders approve up to $152M in 2015 distributions
Pacific Drilling S.A. shareholders approved distributions to shareholders in 2015 of up to $152 million in the aggregate at the company’s 2014 Annual General Meeting yesterday. The approved proposal provides for cash distributions to start with an initial payment expected in the first quarter of 2
DUC to invest $184M in Danish North Sea research centre
Danish Underground Consortium (DUC) fund of $184 million will target future oil and gas production from the Danish North Sea and potentially create research opportunities for up to 100 scientists. Based at Denmark’s Technical University (DTU) in Lyngby, the new Hydrocarbon Research and Technology Ce