Fossil Energy
DCD Marine Cape Town busy with numerous O&G projects
DCD Marine Cape Town, an oil and gas upstream service provider in South Africa, is ‘on a roll’ with a number of projects already underway this year for the oil and gas sector. With the start of three large projects towards the latter part of 2013, intense planning and execution has seen the company’
Helix Energy Solutions swings to 4Q profit
Helix Energy Solutions Group, Inc. reported net income of$36.5 million, or $0.35 per diluted share, for the fourth quarter of 2013 compared to a net loss of $171.6 million, or $(1.64) per diluted share, for the same period in 2012, and net income of $44.6 million, or $0.42 per diluted share, in the
Able’s Seaton Port gets UK’s largest harbour crane
The largest harbour crane in the UK will be arriving at Able Seaton Port today, marking a major step forward in Able UK’s expansion of its port facilities on both the Tees and the Humber. The multi-million Leibherr LHM600SHL mobile crane is being delivered from Rostock in Germany. It has been specia
Ensco’s net income increased to $1.4 B in 2013
Ensco plc reported today that diluted earnings per share were $1.54 in fourth quarter 2013 compared to $0.94 in fourth quarter 2012. Discontinued operations primarily related to rigs and other assets no longer on the Company’s balance sheet reduced earnings by $0.02 per share in fourth quarter 2013
Able UK to scrap three platforms from Shell’s Brent field
Able UK has been awarded a contract for the disposal of four offshore structures from the Shell operated Brent field in the North Sea. The contract will see three platform topsides, as well as a 138m high steel platform jacket, transported from the Brent field over 100 miles north east of Scotland t
Bilfinger continues work on BP’s North Sea platforms
The engineering and services group Bilfinger has again secured an extension of the contract with BP for the maintenance of oil and gas production facilities in the Norwegian part of North Sea. In the coming two years, the company will deliver extensive corrosion protection, insulation and scaffoldin
Statoil hits gas column in Barents Sea
Statoil Petroleum AS, the operator of production licence 532 in the Barents sea, is in the process of completing the drilling of the Kramsnø prospect (well 7220/4-1). The well has been drilled about 11 kilometres northwest of the 7220/8-1 Johan Castberg discovery in the Barents Sea and about 247 kil
Petrobras hires i-Tech for subsea intervention services
Subsea 7 S.A. today announced through its i-Tech division two awards by Petrobras for remote intervention services with a combined value in excess of US $90 million. The contract scope is for the provision of two Remotely Operated Vehicles (ROVs) and underwater positioning services onboard two ROV S
Chevron, Farstad agree long term charters for two AHTS vessels
Farstad Shipping, an owner of offshore support vessel from Norway, has secured a contract extension for two of its vessels in Australia. The company has announced that Chevron Australia has declared their option to extend the contract for the AHTS Far Saracen and the AHTS Far Shogun for another 38 m
Noreco’s 2P reserves at 15.6 mmboe
Norwegian Energy Company has published its Annual Statement of Reserves. The Noreco group’s total proven and probable (2P) oil and gas reserves at the end of 2013 were 15.6 million barrels of oil equivalents, compared to 21.9 mmboe the year before. The group’s net production for the year was 1.5 mmb
Premier Hytemp expands management team
Premier Hytemp, a manufacturer of engineered alloy components for the oil and gas industry, has announced the appointments of two experienced industry professionals to its senior management team.
Noble Energy sells Tamar gas to Jordanian companies
Noble Energy, Inc. today announced the signing of a gas sales agreement between NBL Eastern Mediterranean Marketing Ltd., the Arab Potash Company , and the Jordan Bromine Company , both of which are located in Amman, Jordan. Under terms of the agreement, Noble Energy will supply natural gas from the
Bumi Armada secures FPSO contract extension in Nigeria
Bumi Armada Berhad has informed that its subsidiaries Armada Oyo Ltd. (“AOL”) and Bumi Armada (Singapore) Pte. Ltd. (“BASPL”) have signed 2 contracts with Oceanic Consultants Nigeria Limited (“Oceanic”) for the continued deployment of the FPSO Armada Perdana (the “FPSO”) at the Oyo Field Development
Bumi Armada highlights importance of its FPSO business
Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad, today reported its net profit for the full year 2013 increased by RM45.4 million to RM431.2 million from the RM385.8 million recorded in the previous year. Bumi Armada also posted revenue of RM2.1 billion, an incre