Fossil Energy
Videocon: Wahoo Appraisal Well Hits Oil Column (Brazil)
India’s Videocon Industries Limited yesterday announced it has discovered oil in the Campos basin, offshore Brazil. The company cited Anadarko, its partner in the area, which said the Wahoo-5 appraisal well in BM-C-30 Concession drilled the eastern flank of the Wahoo structure and encountered more t
Craig Group Celebrates 80th Anniversary with Higher Profits
Aberdeen headquartered global shipping and energy services firm, Craig Group, has marked its 80th anniversary with strong performance announced today as its accounts are lodged with Companies House. The Company has reported turnover of £146.8 million with operating profits of £17.4 million for the y
Aker Solutions Net Income Drops as New Orders Wane
Aker Solutions’ consolidated revenue was NOK 10,930 million in the third quarter, down from NOK 11,158 million in the same quarter a year earlier. Sales were NOK 33,897 million in the first nine months of the year, compared with NOK 32,888 million in the year-earlier period. Earnings before interest
Vard Profit Slips on Brazilian Yard Overload
Vard Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, today announced its results for the third quarter of financial year 2013 (“3Q 2013”) ended 30 September 2013. Financial and operating review VARD generated revenue of NOK 2.37 billion for 3
Ensco Announces Increased Quarterly Dividend
Ensco plc announced that its Board of Directors has declared a regular quarterly cash dividend of US$0.75 per Class A ordinary share payable on 20 December 2013 to holders of Ensco’s shares as of the 9 December 2013 record date. The prior quarterly dividend was $0.50 per share. Based upon yesterday’
La Bella Seismic Survey to Start Next Week (Australia)
Australian energy company WHL Energy Limited has informed that the seismic vessel the CGG Viking II has mobilised to the Otway Basin and is currently deploying its equipment. The La Bella 3D Marine Seismic Survey (MSS) in offshore Otway Basin permit VIC/P67 is expected to start around 15 November, o
Visund North Field Begins Oil Production
Visund North is the sixth project that has started production of the 12 “fast track” projects Statoil has in its portfolio. “Completion of the first production well as well as a production shutdown at the Visund A platform gave us some challenges, but in spite of this we are starting production only
Bibby Offshore to Use SPRINT Navigation System for ROV Operations
Aberdeen-based subsea installation contractor Bibby Offshore has chosen to invest in two SPRINT subsea inertial navigation systems from Sonardyne International Ltd. to support ROV operations carried out by its new offshore survey business division, Bibby Remote Intervention Limited (BRIL). Bibby Off
BSEE: Black Elk, Contractors to Blame for WD 32 E Platform Explosion
The Bureau of Safety and Environmental Enforcement (BSEE) today released the panel investigation report into the November 16, 2012 explosion and fire that occurred on a platform operated by Black Elk Energy Offshore Operations. The explosion and fire resulted in the tragic deaths of Ellroy Corporal,
Rowan 3Q: CEO Rues Impact of Gorilla VII Leg Damage
For the three months ended September 30, 2013, Rowan Companies plc generated net income from continuing operations of $51.9 million, or $0.42 per share, compared to $26.4 million, or $0.21 per share in the third quarter of 2012. The prior-year quarter included $28.1 million of non-recurring or unusu
Sembcorp Marine Net Profit Rises 12 Pct
Sembcorp Marine achieved a 3Q 2013 net profit of $130 million, 12% higher as compared with $116 million earned in the corresponding period in 2012. Third quarter Group operating profit grew 32%, or $41 million from $126 million in 3Q 2012 to $167 million in 3Q 2013. At pre-tax level, Group profit at
SEA9 Launches S$426.1 Mln Takeover Offer for Kreuz
SEA9 Pte. Ltd., an investment-holding company incorporated in the Republic of Singapore, has launched a takeover offer for Kreuz, a Singapore-based subsea services provider to the offshore oil and gas industry. SEA9 Pte. is a subsidiary of The Headland Private Equity Fund 6 L.P, a pan-Asian private
Ramboll Chooses Intergraph SmartMarine® Enterprise for All O&G Projects
Ramboll, a global provider of engineering, design and operational support services in the oil and gas, energy, environment and transportation industries, has standardized on Intergraph SmartMarine® Enterprise for all of its onshore and offshore oil and gas projects. Ramboll chose SmartMarine Enterpr
Lotos to Buy Stakes in Centrica’s Norwegian Offshore Fields for $175 M
Polish oil company Grupa Lotos has signed an agreement to buy into several Centrica Norge’s offshore concessions in Norway. According to a filing made by Lotos today, the company will buy stakes in Centrica’s producing fields Atla (20%), Skirne/Byggve (30%) and Vale (25.8%). Also, Lotos will buy int