Fossil Energy
Downhole Products expands UK office
Downhole Products is on track to appoint its 100th employee this year and has revealed plans to significantly expand its Aberdeenshire headquarters. The leading casing accessory and completion tool company is headquartered at Portlethen near Aberdeen and operates bases in key locations throughout th
Sea Trucks wins Ichthys flotel services job (Australia)
Sea Trucks Group announces a contract award from INPEX Operations Australia Pty Ltd for the provision of flotel services for the Ichthys LNG project, located in the Browse Basin about 200 km north-west of Western Australia’s Kimberley coast at the western edge of the Timor Sea. The scope of work con
Seabed Geosolutions hires ‘Nor Tigerfish’ AHTS vessel
Seabed Geosolutions has chartered the “Nor Tigerfish” vessel fro Solstad Offshore. The company will hire the 5500 bhp AHTS vessel for a period of 7 months firm with an additional 2 months option. The contract starts in March 2014. “The contract value is confidential between the parties, but in line
Eidesvik Offshore expects healthy PSV market in North Sea
Eidesvik Offshore has announced in their quarterly results that the operating profit (EBIT) for Q4 2013 was MNOK 81,0 compared to MNOK 44,0 for the same period last year. Operating income was MNOK 237,9 compared to MNOK 223,7 for the same period last year. Profit for the quarter was MNOK 31,8 compar
‘Lotos Petrobaltic’ jack-up rig arrives in Poland
An offshore jack-up rig, recently bought by Lotos Petrobaltic from Transocean, yesterday arrived in Poland after a long journey from West Africa. The unit was transported to the Baltic aboard the MV Target heavy transportation vessel, owned by Dockwise. The rig, named after its new owner, is Lotos P
Oil & Gas UK’s seminar to provide better insight into EU safety directive
Oil & Gas UK, representative organisation for the UK offshore oil and gas industry, is holding an EU Directive Seminar today at Aberdeen Exhibition and Conference Centre, sponsored by Environmental Resources Management (ERM). The seminar, chaired by Oil & Gas UK health and safety and employment issu
MacGregor buys Deep Water Solutions
MacGregor, part of Cargotec, has acquired Norwegian privately owned Deep Water Solutions AS, specialising in lifting applications utilising electric multi drive technology. “Customer requirements for environmentally friendly solutions are increasing in offshore load handling applications, such as su
Transocean 4Q profit falls 49 pct on low fleet utilization
Transocean’s net income in the fourth quarter of 2013 fell to $233 million, a 49 per cent drop compared to $456 million earned last year. The Swiss-based offshore drilling contractor reported 4Q 2013 revenues of $2.332 billion, similar to the $2,326 billion achieved in the same period last year. T
ShawCor wins South Stream Pipeline coating contract
ShawCor Ltd.’s pipe coating division, Bredero Shaw, has received a contract with a value of approximately US$50 million from EUROPIPE GmbH for the concrete weight coating of Line 1 of the South Stream Offshore Pipeline. The South Stream Offshore Pipeline system is comprised of 4 pipelines that will
Oceaneering: David K. Lawrence becomes Senior VP
Oceaneering International, Inc. promoted David K. Lawrence to Senior Vice President, General Counsel and Secretary. Lawrence joined Oceaneering in June 2005 as Assistant General Counsel and has served as Vice President, General Counsel and Secretary since November 2011. He has extensive experience a
Hallin completes subsea intervention at Bualuang field
Hallin Marine, a Superior Energy Services company, has completed an urgent project in the Bualuang oil field off the coast of Thailand following damage to subsea structures.
KrisEnergy Gulf of Thailand acquisition falls short
Following the announcement on 28 January 2014, KrisEnergy Ltd., an independent upstream oil and gas company, has decided to pull out from the acquisition process for a 60% operated working interest in the G3/48 exploration licence in the Gulf of Thailand. The Company made the decision as a result of
Rockhopper Exploration welcomes new CFO
Rockhopper Exploration plc, the North Falkland Basin oil and gas exploration company, has informed that Stewart MacDonald, aged 33, will join the Company’s Board as Chief Financial Officer with effect from 10 March 2014. Prior to joining the Company, MacDonald, was a Director in Rothschild’s global
KrisEnergy becomes operator of Sakti PSC, offshore East Java
KrisEnergy Ltd. upstream oil and gas company, announces that it has been awarded the operatorship and a 95% working interest in the Sakti Production Sharing Contract (“PSC”) offshore East Java in Indonesia, where the Company is actively developing gas aggregation opportunities. The other participant