Fossil Energy
Total Gabon: Profit falls on high exploration costs
Total Gabon, a subsidiary of the French oil company Total, reported a drop in net profit for the full year 2013. Net income amounted to $302 million in 2013, down 8% from $330 million a year earlier. The company explained that the contraction stemmed from increases in exploration spending, depreciat
‘Bourbon Grebe’ seismic support vessel delivered
Dubai’s Grandweld Shipyards recently completed delivery of the Bourbon Grebe vessel, according to a newsletter published by Offshore Ship Designers. Bourbon Grebe is the fourth Hybrid Seismic Support Vessel type IMT952 in a series of six for Bourbon Offshore. The vessel, designed by Offshore Ship De
Simek installs helicopter deck on Krúnborg’s MPSV
Simek has informed that the outfitting of the hull of Yard no. 127 multi purpose support vessel that will be delivered to Krúnborg Offshore is in progress. The helicopter deck is nearing completion and will be installed onboard Tuesday 15th of April. The vessel, designed by Multi Maritime AS in Førd
South Stream’s offshore section pipe No.1 produced
Gazprom has announced that pipe No.1 for the first line of South Stream’s offshore section was produced at the Vyksa Steel Works (part of the United Metallurgical Company – OMK). Unique pipes for South Stream’s offshore section are 12 meters long, 813 millimeters in diameter and have a wall thicknes
BOEM offers 21mln acres offshore Texas
As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management Director Tommy P. Beaudreau has announced that the bureau will offer more than 21 million acres offshore Texas for oil and gas explor
Arcadis to provide BP with project management services
Arcadis, the world’s leading natural and built asset design and consultancy firm, has been appointed to provide project management, program management and contractor management services by BP North America Corporation, Inc. through a three-year master services agreement. The contract is expected to
Hitachi acquires engineering firm Valcom
Hitachi, Ltd. has announced that it will acquire Valcom S.r.l., an engineering firm in the Italian Republic, through its European subsidiary Hitachi Europe Ltd., and concluded an agreement to acquire all issued shares of Valcom. Based on this agreement, Hitachi will conduct procedures to complete th
Ensco orders two jack-ups for Middle East needs
Ensco plc has ordered two high-specification jack-ups, ENSCO 140 and ENSCO 141 in order to fulfill customer demand for the Company’s differentiated rig technology and contract drilling services in the Middle East. Both rigs, which will incorporate Ensco’s patented Canti-Leverage AdvantageSM technolo
Noble Energy CEO sets retirement date
Noble Energy, Inc. today announced that Charles D. Davidson, Chairman and Chief Executive Officer, plans to retire May 1, 2015, and that he will leave the Board of Directors at that time.
Former Shell man joins BHP Billiton Board
BHP Billiton Chairman, Jac Nasser, has announced the appointment of Malcolm Brinded to the BHP Billiton Board as an independent Non-executive Director, and a member of the Sustainability Committee, effective as of today. Malcolm Brinded served on the Royal Dutch Shell plc Board of Directors between
Talisman evaluating Yme alternatives
Talisman Energy needs more time to decide on an alternative development option for the Yme field in the North Sea. Talisman, the operator of the field, and SBM offshore, the supplier of the troublesome Yme production platform, last year agreed to decommission the platform after multiple delays, and
TAP re-launches procurement process for engineering and supply contracts
Trans Adriatic Pipeline (TAP) has taken the decision to re-launch its procurement process, following a review of its strategy and schedule. TAP will therefore initiate new pre-qualifications for goods and services that the natural gas pipeline project requires. The revised pre-qualification process
Reach Subsea’s vessel hired by ExxonMobil for construction work
Reach Subsea has entered into a contract with EXXON Mobil for the vessel Stril Explorer for light construction work in the North Sea. Total contract value is approximately NOK 15 million. Furthermore, Reach Subsea has entered into new cooperation contracts with MMT for cooperation on Offshore Survey
Providence confirms Barryroe farm-out talks (Ireland)
Providence Resources P.l.c., the Irish oil and gas exploration and appraisal company whose shares are quoted in London (AIM) and Dublin (ESM), said it noted recent press speculation concerning farm-out discussions on its Barryroe oil field, located in the North Celtic Sea Basin, offshore Ireland. “P