Fossil Energy
Subsea 7 charters Siem Offshore’s OSCV ‘Siem Stingray’
Siem Offshore and Subsea 7 have entered into a charter agreement for the Offshore Subsea Construction Vessel “Siem Stingray”, which is under construction in Norway. The agreement is made at market terms and is for a firm period of three years with two yearly options. The charter shall begin in third
‘Polarcus Naila’ prepares for ‘UK Breagh’ survey
Polarcus Limited announces that Polarcus Naila is presently mobilizing for the highly prefunded Polarcus “UK Breagh” multi-client survey after a successful upgrade. The upgrade enables the vessel to tow ultra-wide 12 streamer spreads, matching the capability of the four high performance “A-class” ve
Baker Hughes weekly rig count: U.S. offshore rigs up by 3 YoY
Baker Hughes Incorporated has posted Weekly Rig Count report on Friday. According to the report the U.S. Offshore rig count is 54, unchanged from last week, and up 3 rigs year over year. BHI Rig Count: U.S. – 7 to 1854 rigs U.S. Rig Count is down 7 rigs from last week to 1854, with […]
Most popular articles of the week, April 28 – May 02, 2014
Aker Solutions divides into two Aker Solutions will split into two companies to speed up a streamlining process that will reduce costs and better position all parts of the group to meet the needs of customers in an increasingly competitive global energy industry. Sunken Perro Negro 6 rig to be s
Shell joins SCCS JIP that aims to extend life of North Sea oil fields
A joint industry project to investigate mechanisms for creating a CO₂-driven enhanced oil recovery (CO₂-EOR) industry in the North Sea has welcomed Shell as a new industry partner. CO₂-EOR has the potential to bring benefits for the UK offshore industry by improving recovery from depleted oil fields
Cobalt announces $57 mln net loss in Q1
Cobalt International Energy, Inc. has announced a net loss of $57 million, or $0.14 per basic and diluted share for the first quarter of 2014, compared to a net loss of $128 million, or $0.31 per basic and diluted share, for the first quarter of 2013. Capital and operating expenditures (excluding ch
Sembcorp Marine reports 3 per cent net profit increase
Sembcorp Marine has reported a 3% increase in net profit from $119 million in 1Q 2013 to $122 million in 1Q 2014. Group turnover for the first quarter of 2014 registered a 27% year on year increase to $1.34 billion as compared with $1.05 billion for the corresponding period in 2013. The increase cam
ION Geophysical to process GoM seismic data for Pemex
ION Geophysical Corporation has announced that its GX Technology group has been awarded a multi-year contract with Petroleos Mexicanos (PEMEX), the national oil company of Mexico. Under this contract, GXT is providing a broad range of seismic data processing for multiple offshore and onshore surveys
VIDEO: Bayards Aluminium, Barge Master design first aluminium MCH
In the offshore industry operational hours are valuable and uptime is critical. Most people would agree that vessel motions currently have a larger than preferred effect on the safety and costs of offshore operations. The market requires a solution that increases the window for offshore helicopter l
Deep Down adds new member to its BoD
Deep Down, Inc., an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, today announced that Mark Carden has joined its Board of Directors as an independent director, effective May 1, 2014. Carden was a Partner at Coope
Chevron earnings down to USD 4.5 bln
Chevron Corporation today reported earnings of $4.5 billion ($2.36 per share – diluted) for the first quarter 2014, compared with $6.2 billion ($3.18 per share – diluted) in the 2013 first quarter. Sales and other operating revenues in the first quarter 2014 were $51 billion, compared to $54 billion
CHC Helicopter to create world-class engineers
The first group of apprentices in CHC Helicopter’s scheme to develop 35 new, world-class engineers over the next three to five years arrive in Aberdeen this week. The week-long induction to CHC’s UK North Sea operations includes hands-on experience for the apprentices working under the guidance of C
3sun starts new industry training program
3sun Group, a specialist provider of products and services to the global energy industry, has established a new training program as part of the Group’s continued commitment to developing future industry talent. The program, which has been created in collaboration with the international engineering a
Ferguson Group Singapore presents advantages of DNV accreditation
The Ferguson Group Singapore is to host a short seminar on the benefits of DNV accreditation for the offshore oil and gas sector on 23rd May in Sheraton Towers Hotel, Singapore. The seminar is in response to customer demand for more information regarding the business and safety advantages of using D