Fossil Energy
Denmark offers North Sea blocks in 7th Licensing Round
The Danish Energy Agency is opening the 7th Licensing Round for interested oil and gas companies, who are invited to submit applications to the DEA for new North Sea oil and gas licences. The application period ends on 20 October 2014. The areas offered for licensing are located in the Central Grabe
Noble Energy profit drops to $200M in 1Q 2014
Noble Energy, Inc. announced today first quarter 2014 net income of $200 million, or $0.55 per diluted share on total revenues of $1.4 billion. Excluding the impact of certain items which would typically not be considered by analysts in published earnings estimates, the first quarter 2014 adjusted i
Gupco takes delivery of VOS Aphrodite AHTS
Vroon, a Dutch company providing offshore support vessels to the international oil and gas industry, today said its VOS Aphrodite vessel has been delivered to Gupco. The VOS Aphrodite anchor handling tug supply vessel will join the VOS Appolo vessel in the Gulf of Suez. The client Gupco or Gulf of S
Meridian Ocean Services buys two Saab Seaeye ROVs
Meridian Ocean Services has added two Saab Seaeye Lynx ROVs to its Falcon fleet to undertake a wider range of deeper inspection tasks at short notice. The company has already won a niche in the market for undertaking fast response assignments in the offshore fields of America, Trinidad and Mexico. I
Diamond Offshore 1Q profit at $146M. CEO pleased
Diamond Offshore Drilling, Inc. today reported net income for the first quarter of 2014 of $146 million, or $1.05 per share, compared with net income of $176 million, or $1.27 per share, in the same period a year earlier. Results for the quarter benefited from a $17 million, or $0.12 per share, cred
PSA inspects ConocoPhillips’ Eldfisk S project
From 11 to 13 February 2014, the Petroleum Safety Authority Norway carried out an audit of ConocoPhillips and the development project for Eldfisk 2/7 S in the Norwegian North Sea. The objective of the activity was to audit ConocoPhillips’s own management system for ensuring compliance with the regul
PetroVietnam hires Ocean Quest drilling rig
Diamond Offshore, a U.S.-based offshore drilling contractor, has secured a contract for one of its rigs in Vietnam. The Ocean Quest semi-submersible drilling rig will begin its contract with Vietnamese oil and gas company PetroVietnam (PVEP) at the end of April. The contract is for ten wells at a $1
IHC Merwede America names VP Business Development
Dutch company IHC Merwede has strengthened its North American operations and reinforced its presence in Houston, Texas with a strategic appointment at the IHC Merwede America Corp. office. Thomas Agnevall is the new Vice President Business Development and will be based at the company’s Houston offic
Leni Gas and Oil decides against MOG case appeal
Leni Gas and Oil (LGO) will not appeal against the court judgement in the case against Medditerranean Oil & Gas Plc concerning a 2012 transaction of offshore blocks in Malta. Leni Gas and Oil, in a statement made today said that, “after careful consideration, the Board has decided not to petition th
PSA audits Aasta Hansteen loading systems engineering work
On 9 April 2014, the Petroleum Safety Authority Norway (PSA) carried out an audit of Statoil’s detailed engineering of offshore loading systems for the Aasta Hansteen spar platform. The objective of the audit was to verify that the loading system for Aasta Hansteen was adequately qualified and dimen
Prosafe fleet utilisation in 1Q at 76 pct
Prosafe, a Cyprus-based owner of offshore accommodation rigs, has announced that its fleet utilisation in the first quarter of 2014 was 76 per cent with eight vessels Safe Caledonia, Safe Astoria, Safe Concordia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency in full operation
Saudi Aramco keeps three Rowan jack-ups
Saudi Aramco, a Saudi Arabian oil company, has extended contracts for three jack-up rigs with Rowan, a Houston-based drilling contractor.
TTS reports cost overruns for several projects
TTS Group ASA has identified a significant increase in cost-estimates for several projects in production. A major part of the cost overruns are related to deliveries of offshore cranes and hatches for yacht projects. TTS said that the increase in cost-estimates is caused by new information available
TGS revenues increase by 5 pct in 1Q
TGS reports net revenues of USD 222 million in Q1 2014, up 5% from USD 211 million in Q1 2013. The Company highlighted the following results: – Consolidated net revenues for the first quarter 2014 were USD 222 million, compared to USD 211 million in Q1 2013. Net late sales totaled USD 137 million, u