Fossil Energy
Petrobras CEO Fourth at Fortune’s Most Powerful Women in Business List
Graça Foster – one of the world’s most powerful women in business according to Fortune magazine
ION Awarded for NarwhalTM Ice Management Software (USA)
ION Geophysical Corporation announced that its new NarwhalTM for Ice Management software received a Spotlight on Arctic Technology award, to be presented at the Arctic Technology Conference in Houston on Monday, February 10. The Arctic Technology Conference (ATC) shines the spotlight on the latest i
Record Orders for Forum Energy Technologies
Forum Energy Technologies, Inc. today announced fourth quarter 2013 revenue of $394 million compared to $330 million for the fourth quarter 2012. Net income for the fourth quarter was $35 million or $0.36 per diluted share compared to $24 million or $0.26 per diluted share for the prior year period.
UK: Rochelle Frustrates Endeavour
Weather in the North Sea continues to be a challenge for service vessels to perform the work necessary to get Rochelle back on production
FMC Technologies Revenue Up 11 Pct
FMC Technologies, Inc. reported fourth quarter 2013 revenue of $2.0 billion, up 11 percent from the prior-year quarter. Diluted earnings per share were $0.74 compared to $0.50 in the prior-year quarter. The quarterly earnings included a charge related to the 2013 Multi Phase Meters earn-out adjustme
Wood Group Kenny, TRAC to Teaming Up in Australia
Wood Group Kenny Pty Ltd (WGK) and TRAC Oil & Gas Pty Ltd (TRAC) have signed a formal Memorandum of Understanding (MoU) for the provision of integrated integrity management, inspection, verification, non-destructive testing (NDT) and rope access solutions to conventional oil, coal seam gas (CSG), fl
‘Sea Frost’ PSV Supports ‘Atwood Eagle’ Rig in Australia
Otto Marine Limited has secured charter contract for the ‘Sea Frost’ Platform Supply Vessel. The value of the contract is around $8.0 million. Under the contract, which has recently started, Sea Frost has been contracted to support the Atwood Eagle rig located in Australia for a period of 152 days.
Toll to Build Offshore Logistics Base for Ichthys (Australia)
Australia’s provider of transport and logistics to the resources sector, Toll Group, has been awarded a contract by global oil and gas exploration and production company INPEX, valued at $90 million over 10 years. Toll will design, construct and operate the INPEX-operated Ichthys LNG Project’s Offsh
No Black Gold at El Dorado Well Offshore Trinidad
Trinity has concluded drilling operations at its El Dorado exploration well within the PGB license offshore the West Coast of Trinidad (Trinity 70% operated interest). The Trinity operated El Dorado exploration well was spudded on 6th December 2013 utilising the WS-152 jack-up rig. The primary objec
Statoil to reduce capex by $5 Billion
Statoil’s fourth quarter and preliminary 2013 results and capital markets update Statoil’s fourth quarter 2013 net operating income was NOK 43.9 billion. In 2013, net operating income was NOK 155.5 billion. At today’s Capital Markets Update, Statoil presents its plan for reduced capital expenditure
Woodside, Leviathan partners pen MOU (Israel)
Woodside and the Leviathan Joint Venture participants, Noble Energy Mediterranean Ltd, Delek Drilling LP, Avner Oil Exploration LP and Ratio Oil Exploration (1992) LP, have agreed to convert a previous in principle agreement for the potential acquisition of an interest in the Leviathan field into a
Lankhorst Mooring Lines for FPSO Cidade de Itaguai
Lankhorst Euronete Brazil (LEB) has entered into a contract with SOFEC, Inc., to provide the complete supply of polyester lines for the mooring of FPSO Cidade de Itaguaí MV26. SOFEC, a subsidiary of MODEC, Inc., has awarded LEB to produce the polyester spread mooring system based on LEB’s Cabral 512
Subsea Expo: Award Winners Revealed
A host of successes within the subsea sector were celebrated last night (Wednesday 5th February) at Subsea UK’s ninth annual awards ceremony, which celebrates outstanding achievement across the UK. Sponsored by Forum Subsea Technologies, the dinner, which was attended by over 800 people, closed the
Diamond Offshore: New Drillship Delivered. 4Q Net Income at $93M
Diamond Offshore Drilling, Inc. today reported net income for the fourth quarter of 2013 of $93 million, or $0.67 per share. Results for the fourth quarter were negatively impacted by $0.41 per share to reserve for an uncertain tax position related to Egyptian operations. Partially offsetting this r