Fossil Energy
Schlumberger Launches New Downhole Reservoir Resting System
Schlumberger announced today the release of the Quartet downhole reservoir testing system enabled by Muzic wireless telemetry, which provides data in real time for validation so that critical information is available to meet the well test objectives. “When working in high-cost environments such as d
Pura Vida Takes Over 50 Pct Share in Ambilobe PSC (Madagascar)
Sterling Energy Pic has signed a Farmout Agreement for the Production Sharing Contract of the Ambilobe Block (the “PSC”), located offshore Madagascar, with Pura Vida Mauritius. Sterling currently holds a 100% interest in, and is the operator of, the PSC. Under the terms of the Farmout Agreement, Pur
Clarksons Buys Gibb Tools (UK)
Clarksons, the world’s leading shipping services group, announces that Clarkson Port Services (CPS) its port and agency business has acquired Gibb Tools Limited, a leading specialist tool supplier to the industrial maritime and offshore sectors for a maximum total consideration of £12.7m. Establishe
Downer: Wheatstone Contract to Create 600 Jobs (Australia)
Downer EDI Limited (Downer) announced today that it has secured a contract with Bechtel for two electrical and instrumentation (E&I) packages for the downstream portion of the Chevron-operated Wheatstone Project in Western Australia. The contract, valued at approximately A$400 million, will start on
Dolphin to Carry Out 4D Seismic Survey in North Sea
Dolphin have been awarded two additional 4D seismic contracts over producing fields in the North Sea. The contracts have been entered into with an undisclosed International Oil company. Dolphin will utilise the 3D vessel Artemis Arctic for these two surveys that is scheduled to start in April 2014.
Cargotec Buys Hatlapa
Cargotec announces today that its MacGregor business has completed the acquisition of Hatlapa, a leading provider of merchant ship and and offshore deck equipment. Cargotec announced the intention to acquire Hatlapa in July 2013 in a transaction valued at approximately EUR 160 million. The acquisiti
ConocoPhillips Earnings on the Rise
ConocoPhillips today reported third-quarter 2013 earnings of $2.5 billion, or $2.00 per share, compared with third-quarter 2012 earnings of $1.8 billion, or $1.46 per share. Excluding special items, third-quarter 2013 adjusted earnings were $1.8 billion, or $1.47 per share, compared with third-quart
OMV Completes $2.65 Bln Purchase of Statoil North Sea Assets
OMV, the integrated, international oil and gas company, has closed the $2.65 billion acquisition of assets in Norway and the UK (West of Shetland area) from Statoil. Approval has been granted by the relevant authorities.
‘Seven Waves’ Arrives at Huisman Schiedam Quayside
Huisman, the specialist in lifting, drilling and subsea solutions welcomed Subsea 7’s Seven Waves at the Huisman Schiedam quayside. The vessel, built by IHC Offshore & Marine in Krimpen aan den IJssel, will be equipped with a 550mt Flex-lay system and a 400mt Offshore Mast Crane. The 550mt Flex-lay
Exxon Profit Down on Weak Refining Margins
ExxonMobil today announced that for the third quarter of 2013 its earnings of $7,870 million decreased $1,700 million or 18% from the third quarter of 2012. Earnings per share (assuming dilution) were $1.79, a decrease of 14% from the third quarter of 2012. Capital and exploration expenditures were
OGX Files Judicial Recovery Request
Eike Batista’s OGX Petróleo e Gás Participações S.A announces that given its adverse financial situation and accumulated losses, as well as the recent due and forthcoming interest payments of a great part of its debt, urgently filed, today, along with its subsidiaries OGX Petróleo e Gás S.A., OGX In
ConocoPhillips Wraps Up Kashagan Sale
ConocoPhillips today announced it has completed the transaction with KazMunayGas (KMG) for the sale of its 8.4 percent interest in the North Caspian Sea Production Sharing Agreement (Kashagan) for approximately $5.4 billion. In July 2013, ConocoPhillips announced it had received notification from th
BG Group Profit Slips on Lower Upstream & LNG Volumes
BG Group, British oil and gas exploration and production company, today reported its 3Q 2013 earnings fell down 4% to $1.1 billion Revenue and other operating income decreased 6% to $4 397 million, reflecting a 10% decrease in E&P production volumes and fewer LNG cargo deliveries, partly offset by f
BMT Provides EPRMS and IRMS for Anadarko’s Heidelberg Project in U.S. Gulf
Anadarko Petroleum Corporation has awarded a contract to BMT Scientific Marine Services Inc (BMT) to provide an Environmental and Platform Response Monitoring System (EPRMS) and an Independent Remote Monitoring System (IRMS) for the Heidelberg spar in the US Gulf of Mexico. The EPRMS monitors, logs,