Fossil Energy
First Gas Flows from Rochelle Field (UK)
CNOOC Limited announced today that the first production from the Rochelle gas-condensate field in the UK North Sea has started. At Rochelle field, Nexen Petroleum U.K. Ltd. (“Nexen UK”), a wholly-owned subsidiary of the Company, acts as the field operator. The Rochelle field in Blocks 15/26b, 15/26c
TAQA Completes Maintenance of North Cormorant Platform
The UAE-based operator TAQA has restarted production from its UK North Sea fields after completing maintenance works on the North Cormorant platform. Antrim Energy Inc, Taqa’s partner, today said that the output from the Causeway Field in UKCS P1383 Block 211/23d (Antrim working interest 35.5%) and
Record Order Backlog for Ezra (Singapore)
Singapore’s Ezra Holdings, a contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, sees recovery of performance in 4QFY13 as EMAS AMC, Ezra’s Subsea Services business, establishes a solid operational foundation for the Group. For the financial year ended 31 Augu
Putin Launches Gas Production from Kirinskoye Field
The Onshore Processing Facility (OPF) of the Kirinskoye gas and condensate field in the Sakhalin Region hosted an official ceremony dedicated to the first gas production and its transmission system testing. Taking part in the ceremony were Alexey Miller, Chairman of the Gazprom Management Committee,
APPEA Supports Review of NOPSEMA’s Activities (Australia)
Moves announced today by the Australian Federal Government to undertake a strategic assessment of the National Offshore Petroleum Safety and Environmental Management Authority’s (NOPSEMA) current environmental management processes have the real potential of leading to sensible reform that will remov
Wintershall Opens Bergen Office
Wintershall is continuing to expand its offshore expertise: a new team of staff recently began coordinating the Norwegian offshore production of Germany’s largest internationally active crude oil and natural gas producer from Bergen. The new office was officially opened yesterday together with the m
New Contracts for Rowan EXL III and Rowan Stavanger
Rowan Companies plc has announced it has secured new contracts for two of its offshore rigs. Jack-up rig Rowan EXL III has been awarded an estimated 285-day contract with Freeport-McMoRan in the Gulf of Mexico starting mid-October 2013 at a standby rate of $150,000 per day and then at $180,000 per d
PWA Buys ProSep Assets
ProSep Inc. and Produced Water Absorbents, Inc. (“PWA”) announced have entered into an Asset Purchase Agreement (“APA”), pursuant to which PWA will acquire substantially all of the assets of ProSep, including all of the outstanding shares of the Company’s subsidiaries, for an aggregate consideration
Kvaerner Eyeing New Contracts in Norway and Abroad
Kvaerner reported operating revenues of NOK 3 383 million in the third quarter 2013, compared to NOK 2 430 million in the third quarter of 2012. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 166 million, compared to NOK 109 million in the same quarter last yea
EOC Returns to Black
EOC Limited (EOC or the Group), one of Asia’s leading providers of offshore production services to the oil and gas (O&G) sector, has returned to the black with a net attributable profit of US$11.1 million for the financial year ended 31 August 2013 (FY13), compared to a net loss of US$12.4 million i
Hercules Offshore Boss Highlights Importance of Positive Momentum in U.S. Gulf
Hercules Offshore, Inc. today reported income from continuing operations of $17.2 million, or $0.11 per diluted share, on revenue of $225.3 million for the third quarter 2013, compared with a loss from continuing operations of $37.2 million, or $0.23 per diluted share, on revenue of $160.2 million f
Cameron: Drilling & Productions Systems Spur Revenue Growth
Cameron reported earnings per share for the third quarter of 2013 of $0.81, excluding charges. After-tax charges for the third quarter of 2013 were $8.6 million, primarily related to the integration of OneSubsea and certain other acquisitions. The Company reported GAAP net income of $189.6 million f
Pirates Capture Two from Offshore Supply Vessel in Nigeria
Nigerian pirates have struck again. According to Reuters, the pirates have boarded an offshore supply vessel owned by Edison Chouest.
Diamond Offshore Wins Contracts for Two Rigs. 3Q Profit Drops
Diamond Offshore Drilling, a Houston-based drilling contractor, today revealed it has received two letters of intent for two of its offshore drilling rigs. The company, which today reported net income of $95 million for the third quarter of 2013, said that the Ocean Scepter jack-up rig received a LO