Fossil Energy
Aqualis Offshore opens office in Abu Dhabi
Aqualis Offshore, marine and engineering consultancy, moves forward with its expansion in the Middle East by opening an office in Abu Dhabi. Only nine months have passed since Aqualis started operating in the Middle East, and they already have offices in Dubai, UAE; Dammam, Kingdom of Saudi Arabia;
Sterling’s interim CEO becomes permanent
Sterling Resources has informed that Jacob S. Ulrich, previously Chair and Interim CEO, has been appointed by the board of directors of the Company s permanent CEO with immediate effect. The company added that, to ensure the most effective corporate governance, Ulrich has stepped down as Chair of th
Chariot Oil & Gas welcomes two members to its Board
Chariot Oil & Gas Limited has appointed William Trojan and David Bodecott as Independent Non-Executive Directors with immediate effect. William (“Bill”) Trojan has over 36 years of industry experience, having spent almost 20 years at Shell in various senior positions which notably involved explorati
Douglas-Westwood: $99 B will be spent on floating production units by 2014
Douglas-Westwood’s NEW World Floating Production Market Report forecasts that between 2014 and 2018 $99 billion will be spent on floating production systems – an increase of 138% over the preceding five-year period. Report author, Damilola Odufuwa, commented, “FPSOs will form the largest segment of
Bibby Offshore finishes subsea inspection for PTTEP
Bibby Offshore Singapore (BOS) has successfully completed a call out contract with PTT Exploration & Production Co Ltd (PTTEP). The project involved a short notice mobilisation, and saw the BOS-operated DP2 ROV Support Vessel, the Bibby Spring perform subsea inspection services to PTTEP’s Bongkot Fi
Stone strikes gas at Amethyst and Tomcat wells (USA)
Stone Energy Corporation has announced exploration discoveries at its deep water Amethyst and deep gas Tomcat prospects in the U.S. Gulf of Mexico. Stone operates and owns a 100 percent working interest in both discoveries. The deep water Amethyst exploration well in Mississippi Canyon block 26 enco
Woodside achieves second best yearly result in its history
The company said that the profit achieved was in line with analysts’ consensus of US$1.753 billion
Gasol’s acquisition of Block CI-27 interest falls through
Gasol has informed that its acquisition of interest in a block offshore Côte d’Ivoire will not proceed, as the partners in the field have exercised their pre-emption rights.
BHP Billiton profit on the rise
BHP Billiton has announced its financial results for the December 2013 half year, with Underlying EBIT increasing by 15 per cent to US$12.4 billion and Underlying attributable profit increasing by 31 per cent to US$7.8 billion. BHP Billiton CEO Andrew Mackenzie said the strong performance was drive
Ocean Rig CEO hopes ‘market softness’ will not last for long
Ocean Rig UDW Inc. recorded a net income of $39.7 million, or $0.30 basic and diluted earnings per share, for the three-month period ended December 31, 2013, as compared to a net loss of $71.0 million, or $0.54 basic and diluted losses per share, for the three-month period ended December 31, 2012. T
Veecraft Marine delivers AK47-proof Crewboats to Nigerian client
Incat Crowther announces that Veecraft Marine has delivered a pair of 20m Monohull Crewboats and signed a contract to build a 30m Wave Piercing Catamaran Crewboat. Hot on the heels of delivering Magen Defender and Masud Defender, the hard-working South African yard has started construction of a 30m
Oceaneering sets record EPS in 4Q
Oceaneering International, Inc. has reported record fourth quarter and annual earnings for the periods ended December 31, 2013. For the fourth quarter of 2013, Oceaneering earned net income of $93.4 million, or $0.86 per share, on revenue of $894.8 million. During the corresponding period in 2012, n
Keel laid for Ichthys FPSO
The INPEX-operated Ichthys LNG Project has celebrated a key milestone for its Floating Production, Storage and Offloading (FPSO) facility. The first block of the keel was placed during a ceremony in the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea, where the FPSO is
EOC signs sale and leaseback contract for Lewek Champion
EOC Limited has signed a US$200 million sale & leaseback arrangement for the Lewek Champion vessel with a unit of ICBC Financial Leasing Co. Ltd (part of the Industrial & Commercial Bank of China (ICBC) group). The US$200 million price tag for the Group’s DP2 pipelay and heavy lift construction vess