Fossil Energy
Repsol spuds Welwitschia well (Namibia)
Spanish oil company Repsol has kicked off drilling operations off the coast of Namibia. Tower Resources plc, which owns a stake in the licence, said it received formal notification from Repsol, the Operator of Namibia PEL0010 (Neptune 30% working interest), that the Rowan Renaissance Drillship spudd
CNOOC sells $4B of bonds to pay for part of Nexen transaction debt
CNOOC Limited announced on April 23, 2014 New York time the pricing of its offering of US$4,000 million aggregate principal amount of guaranteed notes. The offering consists of US$1,250 million of 1.625% guaranteed notes due 2017, US$2,250 million of 4.250% guaranteed notes due 2024 and US$500 milli
Nido, Dragon complete SC63 farm-out (Philippines)
Nido Petroleum Limited has informed that the first stage of the farm-out process with Dragon Oil Plc involving the transfer of a 40% Participating Interest in Service Contract 63, offshore the Philippines, has been approved by the Department of Energy. Nido is now focusing on the second stage of the
TGS to shoot seismic in Norwegian Barents Sea
TGS commences new 2D and 3D multi-client projects in the Norwegian Barents Sea. Both surveys will provide customers with high quality data prior to the closing of the 23rd Norwegian Licensing round. The HFCE14 is a 3,100 km2 3D multi-client survey, extending TGS’ existing multi-year 3D Hoop coverage
Oceaneering reports record Q1 earnings
Oceaneering International, Inc. has reported record first quarter earnings for the period ended March 31, 2014. On revenue of $840.2 million, Oceaneering generated net income of $91.2 million, or $0.84 per share. During the corresponding period in 2013, Oceaneering reported revenue of $718.6 million
Cathelco supplies anti-fouling for eight PSVs built at Remontova
Cathelco has reported that the company is supplying seawater pipework anti-fouling systems for eight platform supply vessels which are being built by the Remontowa Shipbuilding yard in Gdansk. Four of the 92,65 metre PSVs are already in service for Edison Chouest Offshore, the leading American suppl
Vallianz project bids worth over $1.2 bln
Following its entrance into the Kingdom of Saudi Arabia through the acquisition of Rawabi Swiber Offshore Services Co. Ltd. in October 2013, Vallianz Holdings Limited, an integrated offshore marine solutions provider in the offshore oil and gas industry, continues to execute on its global expansion
CNOOC Exec VP assumes role of Nexen CEO
Nexen Energy, a wholly-owned subsidiary of CNOOC Limited, has announced that Kevin Reinhart is departing from his role as Chief Executive Officer. Fang Zhi, Executive Vice President, CNOOC Limited, is assuming the position of Nexen CEO. “On behalf of CNOOC Limited and the Nexen organization, I want
Synectics launches new COEX camera range designed for offshore safety
Synectics has launched a new range of COEX™ TriMode camera stations which offer three light-condition operating modes in one unit, for greater operational flexibility and image clarity in all possible light conditions. The supplier of advanced surveillance solutions to the global oil & gas and marin
ARKeX re-starts FTG survey in Barents Sea
ARKeX has re-started acquiring a Multi-Client Full Tensor Gravity Gradiometry survey within the South Eastern Barents Sea. The survey, started last year but postponed due to weather, will cover 42,784 Sq. km over the proposed NPD licensing areas. The principal aim of the marine FTG survey is to prov
ExxonMobil gives largest amount raised so far to Houston community
ExxonMobil employees and retirees raised a record $13.41 million for the United Way of Greater Houston during its 2013 community campaign, which was the largest amount raised by the company since its annual campaigns began in 1952. “We are so grateful for our dear friends at ExxonMobil for their ext
N-Sea lands IMR contract with undisclosed North Sea operator
N-Sea UK, an integrated subsea services contractor, has announced a major £45 million ($75 mln) contract win for inspection, maintenance and repair activity with a major North Sea operator. The contract, which started the first of April, will see N-Sea commit its diving support vessel, the Siem Stor
Seacon wins Queen’s Award for International Trade
Seacon (Europe) Ltd, part of the SEA CON® Group has been named a winner of a Queen’s Award for International Trade. The SEA CON Group are world leaders in underwater connector technology and provide an extensive and diverse range of electrical, optical and hybrid connector assemblies, submersible sw
Marsol and Aubin deliver industry’s first total pigging solution
UAE-based global marine solutions provider, Marsol International and chemical engineering specialist Aubin Group have announced a partnership agreement to provide an ‘industry first’ total pigging solution for non-piggable pipelines. Marsol and Aubin delivered a solution by completing the successful