Fossil Energy
Ocean Installer, FlexTech enter flexible pipe installation deal
Flexible pipe specialist FlexTech has signed a contract for flexible pipe installation with Ocean Installer in a £500,000 deal. Aberdeen-based FlexTech will deliver the detailed design of a flexible pipe installation spread as well as installation analysis and project support to Ocean Installer, a
Reef Subsea splits into three
Reef Subsea has announced a re-organization to create three independent companies; Reef Subsea, X-Subsea and Technocean Subsea, all with separate management and independent strategies. Reef Subsea was created in 2010 in a joint venture between the oil and gas private equity investor HitecVision and
PSA Norway in Draugen platform inspection
On 26 and 27 February 2014, the Petroleum Safety Authority Norway (PSA) carried out an audit of the dewatering system on Draugen production platform in the Norwegian Sea. The objective of the activity was to obtain more information concerning the implementation of the dewatering system, and the anal
Rosneft to enter Mozambique oil and gas sector?
Rosneft President, Chairman of the Management Board Igor Sechin and Minister for Foreign Affairs of the Republic of Mozambique Oldemiro Julio Marques Baloi held a working meeting 22 April in Moscow. The parties discussed a wide range of issues, including possible involvement of Rosneft in production
McDermott names non-executive Chairman of the Board
McDermott International, Inc. announced today that Gary P. Luquette has been elected as non-executive Chairman of McDermott’s Board of Directors, effective May 6, 2014.
Plexus wins Morocco contract from Galp Energia
Plexus Holdings PLC has been awarded a contract with new customer Galp Energia Tarfya, B.V. to supply surface wellhead and mudline equipment services for an exploration well offshore Morocco. The value of the contract, which sees Plexus secure a new territory and further strengthens its position in
PTTEP buys Hess’ subsidiaries in Thailand for $1B
Thailand’s PTT Exploration and Production Public Company Limited or PTTEP today signed Share Purchase Agreements (SPAs) to acquire 100% equity stakes of the subsidiaries of Hess Corporation in Thailand, namely Hess Thailand Holdings II Limited (HTH) and Hess Exploration Thailand Company Limited (HET
Mediterranean Oil & Gas: 1Q revenue in line with expectations
The Board of Mediterranean Oil & Gas Plc announces the following operational update for the three months ended 31 March 2014. MOG’s total net production for Q1 2014 was 4.23 MMscm (equivalent to 0.15 Bcf, or 26,875 boe). This represents average net production of 46,975 scm per day or 299 boe per day
BP sells Alaska oilfields to Hilcorp
BP today announced that it has agreed to sell interests in four BP-operated oilfields on the North Slope of Alaska to Hilcorp. The sale agreement includes all of BP’s interests in the Endicott and Northstar oilfields and a 50 percent interest in each of the Liberty and the Milne Point fields. The sa
FMC Technologies reports Q1 11 pct revenue rise
FMC Technologies, Inc. has reported first quarter 2014 revenue of $1.8 billion, up 11 percent from the prior-year quarter. Diluted earnings per share were $0.57 compared to $0.43 in the prior-year quarter. Total inbound orders were $2.6 billion and included $1.9 billion in Subsea Technologies orders
Technip sells Seamec stake to Hal Offshore
Technip has announced today that it has entered into binding agreement for the divestment of a majority stake of at least 51% up to 75% in Seamec Limited to HAL Offshore Limited, India at a consideration of Rs 97 per share (translating to €20 million for 51% stake and up to 29 million for 75% [&hell
Tesla Offshore celebrates 10th anniversary
Tesla Offshore LLC, a survey service provider offering comprehensive Geophysical, Geoscience, Marine Construction and Marine Salvage support in offshore waters around the world, is celebrating its 10th year in business. In 2014, Tesla Offshore has also achieved a benchmark in its strategic plan for
Ireland O&G 2014 summit to serve as platform for networking
The 2nd Annual Ireland Oil & Gas 2014 Summit, organised by London leading business-intelligence group International Research Networks, will take place in Dublin on 4th-5th June. Following the success of the first edition, 200 senior level delegates from existing and potential operators in the Irish
Veripos to co-host offshore positioning workshop
Veripos has announced that the company will be co-hosting an Offshore Positioning Industry Workshop – The latest Position Monitoring Technology, Radisson Blu, Ålesund, Norway, May 22, 2014. This industry event is aimed at Captains, owners, operators and DPOs and is a free one-day user workshop focus