Fossil Energy
Thailand: PTTEP Revenue Up
Tevin Vongvanich, President and CEO of PTT Exploration and Production Public Company Limited or PTTEP revealed the 3rd Quarter Operating Results and the Financial Performance as per the following details: The 3rd Quarter Operating Results (Unreviewed) PTTEP and its subsidiaries posted a net profit o
Business Innovation Is Key for Rebuilding the UK Economy
Business Secretary Vince Cable and a panel of leading innovators hailed business innovation as key to the UK’s economic future and pointed to the oil and gas industry’s role in fostering technology at Innovation Nation, a major debate held this week at the Royal Society. The panel also called for be
Asian Shipyards Select Kongsberg ‘Full Picture’ Solution
Samsung Heavy Industries (SHI) and Hyundai Heavy Industries (HHI) in Korea and Cosco Shipyard in China has selected KONGSBERG’s “Full Picture” solution with extensive Dynamic Positioning (DP), Automation, Navigation , Hydroacoustic positioning and riser management solutions from KONGSBERG for a tota
Cecon’s New Subsea Construction Vessel Launched (Canada)
Chantier Davie Canada Inc. (‘Davie’) names the 717th ship launched at its facility, an advanced multipurpose subsea construction vessel. The cutting-edge ‘Cecon Pride’ has been built at Davie for export to Norwegian Oilfield Services company, Cecon. At 130 meters long, the Cecon Pride has been built
OMV Bites Dust at Barents Sea Well
Tullow Oil plcannounces that the OMV-operated Wisting Alternative well (7324/7-1S), offshore Norway in the Barents Sea, has reached Total Depth. The well was not appraising the major discovery at Wisting Central and encountered oil shows in the deeper targeted Kobbe and Snadd formations but the rese
BP to Raise $10 Bln Through New Divestments by 2015 End
BP today announced its financial results for the third quarter of 2013. Underlying replacement cost profit for the period was $3.7 billion, compared to $2.7 billion for the previous quarter. Operating cash flow in the quarter was $6.3 billion. Consistent with its commitment to maintaining a progress
Alam Maritim Receives Supply Vessel Contract
The Board of Directors of Alam Maritim Resources Berhad announces that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, has recently been awarded a contract for the provision of one straight supply vessel for an established oil and gas company. The value of the Contract is approximately RM 37.
Wood Group PSN Secures Extension for Work at Shell’s Scottish Gas Plants
Wood Group PSN (WGPSN) has secured a two year contract extension from Shell UK to deliver integrated services to two gas plants in Scotland; the St. Fergus Gas Terminal and Fife Natural Gas Liquids Plant (which includes the Braefoot Bay Marine Terminal). Effective April 2014, the award marks the con
Oceaneering: Record 3Q Earnings. ROV Business Better than Ever
Oceaneering International, Inc. today reported record earnings for the third quarter ended September 30, 2013. On revenue of $853 million, Oceaneering generated net income of $104.4 million, or $0.96 per share. For the third quarter of 2012, Oceaneering reported revenue of $734 million and net incom
Coast Guard Searching for Crewmember Missing from Offshore Platform (USA)
Coast Guard crews and offshore supply vessels are searching for a crewmember reported missing from a platform in the U.S. Gulf of Mexico, 55 miles south of Freshwater Bayou. Missing is Peter Voces, 38, last seen wearing an orange work vest, jeans and a brown shirt. Coast Guard Sector New Orleans wat
Seaway Heavy Lifting Nets Offshore Installation Job in Mexico
Seaway Heavy Lifting wins contract with Permaducto for an offshore installation project in Mexico. Permaducto SA de CV is a company of Grupo Protexa SA de CV. On Friday 18th October Seaway Heavy Lifting signed a contract with Permaducto to execute work in Mexico in a joined offshore programme for th
Viking Supply Ships Bags Charter Deals Worth $120 Mln
Viking Supply Ships has entered into a contract with a major oil company for the charter of the AHTS-vessels “Loke Viking”, “Magne Viking”, “Brage Viking” and “Balder Viking”. The contract applies to the drilling seasons 2014 and 2015, with options for the drilling seasons 2016 and 2017. The drillin
Tanzania Launches Offshore Licensing Round
The Government of the United Republic of Tanzania has through Tanzania Petroleum Development Corporation (TPDC) announced the launch of 4th Tanzania Offshore Licensing Round. The Bidding Round covers seven Deep Offshore Blocks and the Lake Tanganyika North Offshore Block. The Deep Offshore Blocks ar
Rosetti Marino Delivers PSV ‘Highland Knight’
On Saturday 19th October, Rosetti Marino in Ravenna, Italy delivered Platform Supply Vessel (PSV) “HIGHLAND KNIGHT” to Gulf Offshore North Sea Ltd. headquartered in Aberdeen. This PSV was built in Rosetti Marino’s San Vitale Shipyard and it is the first of the two sister ships which were ordered in