Fossil Energy
Atwood Reports Increased Net Income
Atwood Oceanics, Inc., announced today that the Company earned net income of $101.9 million or $1.57 per diluted share, on revenues of $292.7 million for the quarter ended September 30, 2013. This is compared to net income of $90.0 million or $1.37 per diluted share on revenues of $272.7 million for
Elevated Gas Readings at OMV’s Manaia Well (New Zealand)
Horizon Oil advises that the Manaia-2/2A well reached total depth of 2891 m MDRT on 4 November 2013, and the operator is currently conducting an open hole wireline logging operation to evaluate the well. The well has achieved its objectives of drilling through the Moki Formation, the Mangahewa Forma
Nido Signs LoI for Jack-Up Rig (Philippines)
Nido Petroleum Limited has signed a Letter of Intent (‘LOI’) with a preferred rig contractor to drill the Baragatan prospect in Service Contract 63. Under the terms of the LOI the Company said it was unable to disclose the name of the rig contractor until a binding contract is executed between the p
TEES to Manage Ocean Energy Safety Institute (USA)
The Bureau of Safety and Environmental Enforcement (BSEE) announced yesterday that the Texas A&M Engineering Experiment Station’s (TEES) Mary Kay O’Connor Process Safety Center has been selected to manage the Ocean Energy Safety Institute (Institute). The five-year agreement, with $5 million in tota
Rem Offshore Secures Two PSV Charters
Rem Offshore ASA has entered into a contract with a major oil company for the charter of the PSV-vessels “Rem Server” and “Rem Supporter”. The contract applies for the summer season 2014 and 2015, with options for the drilling seasons 2016 and 2017. The drilling season is expected to start around Ma
Profitable 3rd Qarter for Pacific Drilling
Pacific Drilling S.A. today announced revenue of $193.2 million for the three months ended September 30, 2013, as compared to revenue of $176.8 million for the second quarter of 2013 and $172.0 million for the third quarter of 2012. Net income for the third quarter of 2013 was $30.3 million or $0.14
Oil Major Hires Siem Offshore Trio
Norwegian offshore shipping player Siem Offshore has secured contract for three of its offshore vessels with a “major oil company.” The company did not reveal the name of the client, but it revealed the names of the vessels and the financial value of the whole deal. The ships hired are two AHTS vess
Apache’s 3Q Earnings at $300 Mln
Apache Corporation today announced third-quarter 2013 earnings of $300 million or $0.75 per diluted common share and adjusted earnings, which exclude certain items that impact the comparability of results, of $932 million or $2.32 per share. For the same period in the prior year, Apache reported ear
Stork Subsea Division Welcomes ‘Edradour’
Stork Technical Services (Stork), the leading global provider of knowledge-based asset integrity management services for the oil and gas, chemical and power sectors are delighted to announce a further £2 million investment in their new daughter craft The Edradour. The Edradour will be delivered to t
Statoil to Drill 20 to 25 Exploration Wells in Norway Next Year
Statoil has announced “an exciting exploration programme in Norway also in 2014, building on the exploration successes of recent years.” Statoil plans to drill 20-25 exploration wells on the Norwegian continental shelf (NCS) in 2014, of which around two-thirds will be Statoil-operated. “Statoil’s ex
Exxon Mobil Madagascar Offshore Licenses Extended
Exxon Mobil Corporation announced today that its affiliates in Madagascar have received extensions to their production sharing contract licenses, which will enable the resumption of exploration activities on the Ampasindava, Majunga and Cap St. Andre licenses offshore Madagascar. The decrees formali
Sembcorp Marine Opens New Integrated Yard
Sembcorp Marine marks a historic milestone yesterday with the grand opening of its new Sembmarine Integrated Yard @ Tuas, the largest integrated yard in Singapore. This new integrated yard is a key thrust of Sembcorp Marine’s strategy to further strengthen its home base operations in Singapore to an
Vantage Drilling Swings to 3Q Profit
Vantage Drilling Company reports a net income for the three months ended September 30, 2013 of $6.8 million or $0.02 per diluted share as compared to a net loss of $538,000 or $0.00 per diluted share for the three months ended September 30, 2012. The results for the three months ended September 30,
SBM Offshore Fires COO
SBM Offshore, a Dutch FPSO specialist, confirms that effective immediately Bruno Chabas, CEO, has temporarily taken over the role of COO following the dismissal of Jean-Philippe Laures, COO. “Although no further comments can be made at this time regarding the circumstances leading up to his dismissa