Fossil Energy
Derwent orders jack-up rig from Cosco (China)
China’s COSCO (Dalian) Shipyard Co., Ltd. has receuved a $184 million contract from Derwent Ocean Limited S.A, part of Foresight Group to build a jack-up rig based on the LeTourneau Super 116E Class design. The rig will be built to ABS classification, with notation A1, and will be a self elevating d
Dril-Quip reports rise in quarterly profit
Dril-Quip, Inc. today announced net income of $42.6 million, or $1.04 per diluted share for the three months ended March 31, 2014, versus net income of $39.8 million, or $0.98 per diluted share for the first quarter of 2013. Total revenues were $204.1 million during the quarter ended March 31, 2014
PSA audits Statoil’s Gina Krog development project for barrier management
Between 18 February and 7 March 2014, the Petroleum Safety Authority Norway carried out an audit of Statoil’s work to ensure compliance with the regulatory requirements for barrier management in the Gina Krog development project. The objective of the activity was to audit Statoil’s own management sy
Wood Group Intetech takes new offices in Cheshire (UK)
Wood Group Intetech, the world leader in well integrity management solutions, is to take new offices in the Thornton Science Park, Cheshire. Since Intetech’s acquisition by Wood Group in 2013, the company has seen continued international success, leading to a significant headcount growth. The new of
The Philippines DOE offers 11 exploration blocks
The Philippines Department of Energy has today offered eleven offshore blocks for exploration. “Through the 5th Philippine Energy Contracting Round, we created an equal playing field for all interested parties, in which the government ensures that all service contracts and offered areas are in accor
Oil & Gas UK pleased with licensing round response. Calls for more drilling
Oil & Gas UK, the UK’s oil industry trade body, has welcomed the announcement by the Department of Energy and Climate Change of high interest shown by the companies in the latest offshore licencing round in the UK. The offshore oil and gas licensing round, which closed for applications on Friday 25
ROVOP to expand ROV fleet with five new units
Rapidly growing subsea specialist ROVOP has announced that it is set to take delivery of five new remotely operated vehicles (ROVs), representing an investment of £17million (approx. $28million) and building significantly upon the company’s market-leading fleet of ROVs. The ROVs include two UHD-III’
Perisai secures 3-year rig contract with Petronas
Malaysia’s Perisai Petroleum Teknologi has received a contract from Petronas Carigali Sdn Bhd for the provision of an offshore jack-up drilling rig. In a Bursa Malaysia filing, the company said that its 51% subsidiary Perisai Offshore Sdn Bhd has secured a Letter of Award from Petronas Carigali Sdn
Thrustmaster, Dutch Barge Company place ink to paper at OTC 2014
Thrustmaster of Texas, a manufacturer of commercial marine propulsion equipment based out of Houston, closed out this year’s OTC by placing ink to paper after signing a contract on the trade show floor with the Dutch Barge Company Thursday to supply a complete thruster package. The deal concluded at
ADIL makes key management appointments
ADIL, the leading independent energy consultancy, has announced a series of key appointments that strengthen the fast-growing company’s management team and position it for future growth. Lo Van Wachem has been promoted to general manager of projects and developments. A former chief operating officer
PSA Norway audits Eni’s Goliat FPSO management. Finds room for improvement
From 10 to 12 March 2014, the Petroleum Safety Authority Norway (PSA) carried out an audit of the work of Eni Norge AS (Eni) to ensure compliance with the requirement to establish and implement technical and operational barriers in the development project for Goliat FPSO. The objective of the audit
Statoil makes discovery near Gimle field (Norway)
Statoil Petroleum AS, operator of production licence 120 B/Gimle Unit, has completed drilling of an observation well with exploration targets, 34/10-C-18 A. The well was drilled on the eastern flank of the Gimle field, which is located between the Gullfaks and Visund fields in the northern part of t
Cal Dive narrows loss on increased activity in Mexico
Cal Dive International, Inc. reported a first quarter 2014 loss of $13.1 million, or $0.14 per diluted share, on revenues of $119.1 million. This compares to a loss of $17.7 million, or $0.19 per diluted share, on revenues of $80.9 million for the first quarter 2013. For the first quarter 2014, the
Artificial Lift Company installs Rigless ESP System for Total in Congo
Artificial Lift Company (ALC) has successfully deployed its Advantage™ Rigless Electrical Submersible Pump (ESP) System for Total E&P Congo in the Republic of Congo. The rigless system was successfully installed, conveyed and retrieved on a System Integration Test water well in the Djeno field. Tota