Fossil Energy
BW Offshore 2013 EBITDA at $447.4M
BW Offshore today reported that its operating revenues for Q4 2013 amounted to USD 266.7 million, compared to USD 238.4 million in Q3 2013. EBITDA for Q4 2013 amounted to USD 107.3 million, compared to USD 115.5 million in Q3 2013. The net change is mainly reflecting high tender activity in the comp
Rosneft and GE expand cooperation
Rosneft and General Electric have signed an agreement to set up a series of joint ventures. The Agreement aims to expand science and technology cooperation between these two companies. In its first phase the Agreement envisages the creation of two specialized centers: Application Engineering and Tra
Sea Trucks’ vessels return to Angola
Two accommodation construction vessels owned by Sea Trucks Group have returned in Angolan waters. Following a recent contract award from Daewoo Shipbuilding and Marine Engineering, a leading global offshore services company, the group’s accommodation vessel Jascon 28 will provide accommodation servi
NAO expands fleet with two Ulstein PSVs
The offshore shipping company Nordic American Offshore ( NAO ) has contracted two platform supply vessels (PSVs) of ULSTEIN’s PX121 design. The two new vessels are planned for delivery from Ulstein Verft in January 2015. These vessels will be number seven and eight which NAO buys from ULSTEIN. In De
EnQuest appoints North Sea business boss
EnQuest has announced the appointment of Neil McCulloch as president, North Sea, effective form 1 April 2014. McCulloch has held a number of senior positions in the oil and gas sector and joins EnQuest from international oil and gas company OMV AG, where he had the global role of senior vice preside
DeepOcean enters Offshore Geotechnical Services market
DeepOcean has made the decision to enter the market for Offshore Geotechnical Services. The Company has acquired a geotechnical drilling rig and entered into a Strategic Alliance with Geoquip Marine AG for the provision of Geotechnical Services in the Greater North Sea and collaboration world-wide.
UMW orders two jack-up rigs. Expects high demand
Malaysia’s UMW Oil & Gas has placed an order for two new jack-up drilling rigs, hoping to benefit from the high demand for such units in the region. The company has ordered the rigs from Tianjin Haiheng Shipbuilding & Offshore Engineering Service Co. The acquisition price has been set at $434 millio
Plexus’ first order from Maersk Oil Denmark
Plexus Holdings PLC has been awarded a first time contract with Maersk Oil’s Danish business unit to supply surface wellhead and mudline equipment services for an exploration well in the Danish North Sea. The initial value of the contract is estimated at approximately £1.1 million ($1.8 M) with reve
Croon and Bakker Sliedrecht support construction of three pipe laying vessels
The Croon Elektrotechniek and Bakker Sliedrecht joint venture will deliver the complete electrical installations, propulsion and automation for three new pipe laying vessels, to be built for Subsea 7. The order comes from Dutch company IHC Merwede, which will build the vessels at its yard in Krimpen
Bergen Group targets decommissioning sector with Scanmet acquisition
Bergen Group Hanøytangen is in talks to buy offshore decommissioning specialist Scanmet AS. Scanmet AS is among the oldest and most experienced companies in Norway that carry out decommissioning of oil installations in the North Sea. Currently the company is situated at Stord in Sunnhordland, but in
ISS secures new offshore contracts in Africa
Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has secured a further significant nomination from one of their key accounts to support their operations in Sub-Saharan Africa. Building on other recent successes in the region, ISS last month startedan offshore logisti
Nature Group signs a three year contract with Seadrill, Brazil
Nature Group PLC announced a new three year contract for its Compact Treatment Units. Nature has been contracted by Seadrill to support the processing of liquid waste generated on its drilling rigs offshore Brazil. Seadrill currently operates three rigs in Brazil, between which the units will be sha
MDA: Offshore E&P gets support from space
MacDonald, Dettwiler and Associates Ltd. announced on February 11, 2014 that it has been awarded three contracts valued at a few million dollars. The customers are undisclosed and according to the contract they will receive space-based monitoring services from MDA’s RADARSAT-2 satellite to support o
Ithaca Energy: Dry well at Handcross prospect
Ithaca fails to find hydrocarbons at Handcross well