Fossil Energy
MWCC Capping Stack Can Now Cap High Temperature Wells
Marine Well Containment Company (MWCC) announced today that the single ram capping stack, which is part of the company’s interim containment system, can now cap a well that has fluids with temperatures up to 350 degrees Fahrenheit. MWCC is the only well containment provider that has this industry-fi
Norsk Olje&Gas Expects Drop in NCS Spending after 2014
A high level of activity in the Norwegian petroleum sector in recent years means that Norway has done much better than its trading partners in the wake of the financial crisis, writes Norsk Olje&Gas in its report. It also adds that capital investments are expected to drop after 2014. The industry
PGS in Gulf of Mexico Survey
Petroleum Geo-Services (PGS) announces the TRITON GeoStreamer® Full Azimuth survey, a new solution to complex imaging problems in the deep-water Gulf of Mexico. “PGS offer this survey as the next important advance in tailored acquisition design and state-of-the-art depth imaging which are critic
EMGS Disappointed by Multi-Client Sales in 3Q
Electromagnetic Geoservices ASA (EMGS) reported revenues of USD 23.6 million in the third quarter 2013, down from USD 44.4 million in the previous quarter and from USD 43.2 million in the third quarter last year. Contract sales totalled USD 21.5 million, while multi-client sales came in at USD 2.1
Havyard, Forland Make ‘Lewek Inspector’ Deal
Havyard Ship Invest AS (“Havyard”) has on 14 November 2013 agreed with Forland Subsea AS to acquire a 25 % stake in the shipowning company for Forland’s new subsea construction vessel, Lewek Inspector. The vessel is scheduled for delivery from Havyard on 14 November 2013 and will immediately start a
‘Siem Sasha’ PSV Hired for Work in Nigeria
Siem Offshore and Marine Platforms Limited have entered into a contract for the PSV “Siem Sasha” for operations offshore Nigeria. The charter contract will start in December 2013 and is for a firm period of 1 year. Marine Platforms Limited has an option to extend the charter contract by 1 year.
Sasol to Search for Oil Off South Africa’s East Coast
Sasol, through its upstream oil and gas subsidiary, Sasol Petroleum International, yesterday signed an Exploration Right permit to explore for hydrocarbons on the East Coast (Durban and Zululand basins), offshore Kwazulu-Natal province, with the Petroleum Agency South Africa (PASA). The Exploration
National Oilwell Varco CEO Steps Down after 12 Years
National Oilwell Varco, Inc. announced today that Chairman and Chief Executive Officer Merrill A. “Pete” Miller, Jr. has informed the Board of Directors that he intends to step down from those positions contemporaneous with the completion of the previously announced plan to spin off to its sharehold
DOF Scores Multiple Contracts Worth $902 Million
Norwegian DOF Group today announced it has secured several contracts worth NOK 5,6 billion (approximately $902 million) in total. DOF Subsea Chartering AS, a subsidiary of DOF Subsea AS has entered into a time charter agreement with Technip UK Ltd. for hull no 800 under construction at Vard Group
Seatankers Takes Delivery of ‘Sea Frost’ PSV
The fifth of twelve PX105 designed platform supply vessels for Seatankers, ‘Sea Frost’ was delivered from Zhejiang, Ningbo, on 13 November 2013. ULSTEIN delivers twelve design and equipment packages to the Chinese yard, where all the vessels for Seatankers Group will be constructed. The packages i
Maersk Drilling Profit Rises on High Operational Uptime
Danish drilling contractor Maersk Drilling delivered a strong financial performance with a profit (NOPAT) of USD 148m (USD 84m) and a return on invested capital of 11.7% (8.5%). The increase in profit compared to Q3 2012 was mainly driven by higher average day rates and higher operational uptime, wh
PGS Ends First Towed Streamer EM and 2D Seismic Survey (Ireland)
Petroleum Geo-Services (PGS) has completed the first ever full-scale simultaneous acquisition of towed streamer EM and 2D GeoStreamer® seismic. The first datasets for this MultiClient acquisition will be available late Q2 2014. The program, which was undertaken with industry support, consisted of ap
Lundin Orders Wellhead Platform for Malaysian Offshore Field
Malaysia’s TH Heavy Engineering Berhad has announced that its wholly owned subsidiary, THHE Fabricators Sdn. Bhd. has received a Letter of Award from Lundin Malaysia B.V. dated 4 November 2013 for the fabrication of Wellhead Platform (WHP) in relation to the PM307 Bertam Field Development Project. U
Bergen Group on a Mission to Increase Operating Profit
In the 3rd quarter of 2013, Bergen Group had a turnover of NOK 1 037 million and an operating profit before depreciation and impairment (EBITDA) of NOK 9 million. The Group’s order book was NOK 2.6 billion at the end of the quarter. CEO Asle Solheim states that the operating profit has not yet retur