Fossil Energy
Transocean orders two drillships from Jurong Shipyard
Sembcorp Marine’s subsidiary Jurong Shipyard has signed two contracts for US$540 million each to build two drillships with options for three additional units from a subsidiary of Transocean Ltd (Transocean). Scheduled for delivery in 2Q 2017 and 1Q 2018, the drillships will be built based on Jurong
WorleyParsons position itself for medium term growth
Professional services company WorleyParsons Limited announced statutory (NPAT) of $112.1 million and underlying NPAT of $100.7 million for the six months to 31 December 2013. This was in line with guidance issued in November 2013 and is down 35% on the previous corresponding period. Revenue and EBIT
Endeavour: Rochelle field production restart imminent
Endeavour International Corporation today announced that the valve in the Rochelle field that had been stuck in the ‘shut’ position has now been opened and production is expected to resume in the next few days. Following the tie-in of the East Rochelle E2 well, production from Rochelle could not be
Repsol net income falls. Production rises despite interruptions in Libya
Spanish Repsol posted a recurring net income of 1.823 billion euros for 2013, calculated at current cost of supply (CCS), 6.7% lower than the previous year. The company said that these earnings – that exclude atypical results and take into account replacement costs of raw materials and products – re
DOF Subsea wins mooring job in Asia Pacific
DOF Subsea has been awarded a contract for mooring installation in the Asia Pacific region. The contract award will secure utilization of the vessel Skandi Hercules vessel for approximately 2 months. The Skandi Hercules is a multi-purpose vessel with both construction support vessel features based
‘The Skills for Energy Guide to Apprenticeships’ set to be released in March
Skills for Energy, part of the East of England Energy Group (EEEGR), will launch a new guide for young apprentices looking for new ways into work.
OCS Governors Coalition call for greater access to offshore resources
A group of governors representing the Outer Continental Shelf (OCS) Governors Coalition met on Monday with U.S. Secretary of the Interior Sally Jewell and senior officials at the Interior Department to discuss the thoughtful expansion of offshore energy development. The participating governors – Gov
Russian Maritime Register of Shipping to class SOCAR crew boats
In February 2014, Russian Maritime Register of Shipping (RS) signed an agreement with Baku Shipyard LLC of Azerbaijan for the design approval of project 38М сrew boat high speed craft (designer – SHIPTECH, Singapore). The new boats are intended for the transfer of specialised personnel employed at o
SeaBird 4Q loss deepens
SeaBird Exploration Plc, a global provider of marine 2D and 3D seismic data for the oil and gas industry, announced their Q4 and preliminary 2013 report. The company reported a net loss of $8.7 million for Q4 2013 (net loss $5.4 million in the same period in 2012). Revenues were $37.2 million in Q4
Sembcorp Marine full year net profit rises to $556M
Singapore’s Sembcorp Marine recorded a full year net profit of $556 million in 2013. Group net profit at $556 million in 2013 was 3% higher as compared with $538 million a year ago. On a quarterly basis, 4Q 2013 net profit at $182 million was 9% higher as compared with $167 million in 2012. Excludin
Fieldwood Energy buys Gulf of Mexico and Gulf Coast business from SandRidge
Fieldwood Energy LLC announced the closing of its acquisition of SandRidge Energy, Inc.’s Gulf of Mexico and Gulf Coast business unit for a net cash payment of approximately $705 million, which reflects adjustments to the purchase price for cash flow since the effective date and net working capital.
CGX, Inpex and Petronas sign rig sharing deal
CGX Energy Inc. has entered into a Memorandum of Understanding with Teikoku Oil (Suriname) Co., Ltd., a wholly-owned subsidiary of INPEX and PETRONAS Suriname E&P B.V (PSE PBV), for rig sharing in the Guyana-Suriname basin. The parties have agreed to form a group for rig sharing and will enter into
Scottish Government funds Oil and Gas Innovation Centre
A unique new academic and industrial partnership will use Scottish expertise to solve the global challenges of the oil and gas industry over the coming decades. £10.6 million worth of funding was announced by the First Minister, Alex Salmond, to create a new Oil and Gas Innovation Centre (OGIC), to
Deep Sea Supply expect revenues to increase in 1Q 2014
Deep Sea Supply, an international operator of offshore supply vessels, has reported 4Q 2013 results with consolidated revenues of USD 29.8 million and operating expenses of USD 17.4 mln. This resulted in EBITDA of USD 13.7 mln and EBIT of USD 6.0 mln. Following financial expenses of USD 5.2 mln and