Fossil Energy
Vard to Build Survey Vessel for Circle Maritime (Romania)
Vard Holdings Limited, has signed a new contract for the construction of a survey vessel for Circle Maritime Invest JSC (CMI). The value is approximately NOK 55 million. The vessel, to be built at Vard Braila shipyard in Romania, will be delivered in 3Q 2014. Over the past few years, Vard Braila has
Brazil’s CCB Offshore Extends Presence in Asia
Brazilian acceptance and compliance specialist CCB Offshore Brasil Ltda from Rio de Janeiro has established presence in Asia. After 3 years of operating solely in Brazil, CCB Brasil announced on the 28th of October its association with the Hong Kong based CCB Offshore Asia Ltd. CCB Brasil recently s
TTS CEO Resigns
The Board of TTS Group ASA has entered into an agreement with Johannes D. Neteland regarding termination of his position as CEO of TTS Group ASA effective from today, November 5(th). The Board has decided to constitute Björn Andersson in the position until further notice. The Board of TTS Group ASA
Anadarko’s Net Income Rises
Anadarko Petroleum Corporation announced third-quarter 2013 net income attributable to common stockholders of $182 million, or $0.36 per share (diluted), up from $121 million recorded in the same period last year. These results include certain items typically excluded by the investment community in
Ocean Rig, Energean Set Up JV Company (Greece)
Ocean Rig and Energean Oil & Gas join forces to participate in the new bid rounds for exploration and exploitation of hydrocarbons, in Greece and abroad, for sea depths exceeding 1000 meters. The two companies agreed to set up a new Joint Venture under the name “OceanEnergean”, with each company hol
McDermott Reports Net Loss of $64.1 Million
McDermott International, Inc. today reported a net loss of $64.1 million, or $0.27 per fully diluted share, for the quarter ended September 30, 2013. These results compared to income of $50.6 million, or $0.21 per fully diluted share, in the corresponding period of 2012. Weighted average common shar
Noreco: Huntington Production Still Reduced
Noreco, a Norwegian Energy Company, produced 3 714 barrels of oil equivalents (boe) per day in October 2013, and net realised price was USD 98.50 per boe adjusted for inventory. At the Huntington field the reservoir is performing as expected and the FPSO unit has continued to operate in a steady, re
MODEC Confirms FPSO Order from Petrobras
MODEC, Inc. announced today that Petróleo Brasileiro S.A., through its subsidiary Guara B.V., on behalf of Consortium BM-S-9, has awarded Charter Contract for the supply, charter, and operations of a Floating, Production, Storage, and Offloading (FPSO) vessel for the BM-S-9 block (Carioca Area) in t
Port of Cape Town’s A-Berth Getting Ready for Scarabeo 7
The Port of Cape Town’s A-Berth, currently co-leased by Transnet National Ports Authority (TNPA), will, in May 2014, become the sole domain of DCD Marine Cape Town, further strengthening the company’s position as a leading player in the global ship repair industry. For DCD Marine Cape Town, sole use
Heerema’s ‘Aegir’ Wins KVNR Shipping Award
Heerema Marine Contractors’ new Deepwater Construction Vessel ‘Aegir’, a customised ULSTEIN SOC 5000 design developed by Ulstein Sea of Solutions, won the Dutch KVNR Shipping Award. The state-of-the-art vessel is designed for world-wide operations and suited for executing complex infrastructure and
Total: Arnaud Breuillac Appointed New E&P President
Total has appointed Arnaud Breuillac as President, Exploration & Production, effective January 1, 2014. He will report to Yves-Louis Darricarrère, Upstream President and member of Total’s Executive Committee. Effective October 1, 2014, Mr. Breuillac will join Total’s Executive Committee, alongside C
Chevron Extends UK North Sea Contract with WGPSN
Wood Group PSN (WGPSN) has secured a one year contract extension from Chevron North Sea Limited to deliver engineering and construction services to its assets in the Alba and Captain fields in the UK North Sea. Effective immediately, the extension marks the continuation of a previous contract awarde
Dana Petroleum CEO: Global oil industry faces ‘paradigm shift’
The global oil and gas industry is fundamentally changing shape Dana Petroleum’s Group Chief Executive Marcus Richards told a conference today. Dr Richards told delegates at The Changing Dynamics of Global Energy Markets conference held at Chatham House, that major structural shifts were now alterin
Marathon Oil Welcomes Chad Deaton to Its Board
Marathon Oil Corporation announced today that Chad Deaton has been elected to the Company’s board of directors, effective Jan. 1, 2014. Deaton, 60, previously served as executive chairman of the board of Baker Hughes Incorporated from January 2012 until his retirement on April 25, 2013. Prior to tha