Fossil Energy
Qatar Petroleum organizes fire and safety research forum
Qatar Petroleum’s Industrial Cities Directorate recently organized a meeting of the LASTFIRE Group, which was hosted at Ras Laffan Emergency and Safety College. The venue provided a fitting setting for the delegates of the international oil & gas industry who discussed the results of recent studies
DNV’s Synergi Pipeline and GL’s Uptime now incorporated
Following the merger of DNV and GL, one leading pipeline integrity software solution will now incorporate both previous brands, DNV’s Synergi Pipeline and GL Noble Denton’s Uptime. The single next-generation system will be branded under the Synergi Pipeline name. Pipeline integrity software As the f
Vallianz’s Q1 earnings four times higher
Vallianz Holdings Limited, an integrated offshore marine solutions provider in the offshore oil and gas industry, has reported that it has achieved stronger earnings for the first quarter ended March 31, 2014. Profit for the period surged over four times, or 310% to $5.5 million in 1Q 2014 from $1.3
Deeptech orders SMD’s Quasar ROV
Rapidly growing Egypt based company Deeptech Oil Services have confirmed an order with SMD for a Quasar MkII 150hp 3000m rated work class remotely operated vehicle. The high specification system includes Tophat tether management system, A-Frame, umbilical winch and fully integrated control cabin. Th
OTC 2014: Ulstein enters U.S. market
Approximately 100 000 people are attending the Offshore Technology Conference in Houston this week. Included are 80 Norwegian companies. “USA is an increasingly important area of growth, and we see the importance of being present,” comments Ulstein’s CEO, Gunvor Ulstein. Several Ulstein designed ves
Freeport-McMoRan sells Eagle Ford Shale stake. To invest in GoM assets.
Freeport-McMoRan Oil & Gas (FM O&G) has entered into a definitive purchase and sale agreement to sell its Eagle Ford Shale assets for $3.1 billion to a subsidiary of Encana Corporation (Encana). FCX estimates after tax net proceeds from the transaction of approximately $2.5 billion. Approximately ha
Baker Hughes: Offshore rig count down by 5 in April
Baker Hughes Incorporated announced today that the international rig count for April 2014 was 1,349, up 4 from the 1,345 counted in March 2014, and up 48 from the 1,301 counted in April 2013. The international offshore rig count for April 2014 was 329, down 5 from the 334 counted in March 2014, and
Asian Geos, Gardline participate in Myanmar offshore event
In March 2014 Myanmar provisionally awarded 20 offshore oil exploration blocks to a number of national and international companies. Myanmar is emerging from decades of isolation and in order to assist with sustainable development of the country consultants from Asian Geos and their global partner Ga
OTC 2014: Aqua-Chem launches BOP Protector BlueGuard
Aqua-Chem, Inc., a world leader in global water solutions, has announced that the company will reveal its newest product, the BlueGuard™ Blow Out Preventer (BOP) Protector, at the annual Offshore Technology Conference in Houston, Texas, from May 5-8, 2014. BlueGuard™ delivers highly purified technic
CAN Group grabs two safety awards, aims to make it four in row
CAN Group, has been recognised by the British Safety Council with two prestigious international industry awards for its efforts in ensuring workplace safety. The Aberdeen headquartered business was awarded an International Safety Award with Merit for its performance over the last year and a further
Three Scottish O&G supply companies expand to USA
Three Scottish oil and gas supply chain companies have expanded into the US market and opened new operations in Houston, Texas. This announcement comes as a record number of Scottish oil and gas companies attend the world-renowned Offshore Technology Conference (OTC) in Houston this week, including
Fred. Olsen Energy reports revenue decrease in offshore drilling division
Fred. Olsen Energy has announced financial results for Q1 2014. The company has reported an operating profit before depreciation (EBITDA) of $102 mln in Q1 2014. Financial Information (4th quarter 2013 in brackets) Operating revenues in the quarter were 277.8 million (298.0 million), a decrease of 2
Saipem awarded EPCI contract for Petrobras’ Lula field
Saipem has won four new Engineering & Construction contracts, onshore in Saudi Arabia and offshore in Brazil, for a total amount of approximately $4 billion. Saipem has been awarded by Saudi Aramco three contracts in Saudi Arabia for onshore engineering and construction activities. Two EPC contracts
HSOG, Chowgule Group now offer maintenance and modification services
International oil and gas service specialist HSOG has joined forces with the Chowgule Group, a multi-industrial International conglomerate, to offer a full range of maintenance and modification services to the offshore sector to service the International market. HSOG will now offer services to the w