Fossil Energy
TL Offshore Ends ‘Enterprise 3’ Charter (Malaysia)
TL Offshore, a subsidiary of one of Malaysia’s largest oilfield services providers SapuraKencana, has decided not to extend a charter deal for the ‘Enterprise 3’ derrick lay barge. The barge, owned by SJR Marine,a Perisai-owned company, has been working for TL Offshore since it was launched in 2008.
Ferguson Group Strengthens Management Team
The Ferguson Group, specialists in the rental of containers, refrigeration containers, accommodation modules and engineering modules to the global offshore energy, has boosted its senior management team with the appointment of Derek Penny as the Group’s corporate development director. Derek Penny jo
Origin Energy Profit Drops (Australia)
Origin Energy Limited (Origin) today announced a Statutory Profit of $378 million for the financial year ended 30 June 2013, down from $980 million reported in the prior year. The primary factors contributing to a decrease in Statutory Profit include a loss on the movement in the fair value of finan
Harkand Names New CEO (UK)
International subsea inspection, repair and maintenance (IRM) group Harkand has today announced the appointment of John Reed as its new chief executive officer as it embarks on the next stage of its ambitious growth strategy. Reed, an industry veteran with more than 30 years’ experience in the offsh
Glacier Buys Ross Offshore
A UK-based oilfield specialist Glacier Energy Services today confirms the acquisition of Aberdeen-based Ross Offshore in a multi-million pound deal, further extending its onsite specialist technical support offering to the energy industry. The purchase sees Glacier Energy Services establish an offsh
Moody’s Predicts Challenging Times for Mozambique LNG
Moody’s Investors Service says that the investments of Asian exploration and production (E&P) companies in a Mozambique LNG project are credit positive and will diversify the long-term production and reserves of the firms. “The Rovuma basin has a large amount of high-quality natural gas reserves, pa
‘Fugro Helmert’ Latest Addition to Fugro’s Fleet
Fugro’s new offshore survey coastal vessel, R.V. Fugro Helmert, delivered on 6th August 2013 is the latest in Fugro’s fleet renewal programme. Built to Fugro’s specifications for a highly manoeuvrable, versatile survey vessel, Fugro Helmert will enable the group to better respond to the survey needs
Prosafe Net Profit at $54.9 Mln
Prosafe, the world’s leading owner and operator of semi-submersible accommodation vessels, today announced its second quarter results. Operating profit for the second quarter came to USD 83.2 million and net profit amounted to USD 54.9 million (up from 35.9 in the same period last year). The utilisa
Mermaid Supports Subsea 7 at Gorgon (Australia)
Mermaid Marine Australia Limited has been awarded a vessel contract with Subsea 7 to provide tug and barge support for the Heavy Lift & Tie-in Scope on the Chevron-operated Gorgon Project. Utilising a combination of owned and chartered vessels, MMA will provide a fleet of nine tug and barge sets to
Huntington Oil Field Resumes Production (UK)
Production from the Huntington field in the UK North Sea is now back online, after being shut due to issues related to the cargo tank venting system on board the platform at the field. Noreco, a Norwegian oil firm with a share in the field, has been informed by the operator of the Huntington Field,
BSEE Introduces New Offshore Safety Rule
U.S. Bureau of Safety and Environmental Enforcement (BSEE) Director James Watson yesterday announced another key step to strengthen both human safety and environmental protection on the U.S. Outer Continental Shelf. The proposed rule, which will be published in the Federal Register today, implements
Santos Buys into AAL Oil Project for $188 Mln (Indonesia)
AWE Limited today announced that it has signed a sale and purchase agreement to sell a 50% interest in the Northwest Natuna PSC, which includes the Ande Ande Lumut oil project, to a subsidiary of Santos Limited or a total consideration of USD188 million, or approximately AUD209 million at current ex
EMGS CEO Disappointed with Financial Performance
EMGS delivered revenues of USD 44.4 million in the second quarter 2013, up from USD 31.7 million in the previous quarter and down from USD 57.1 million in the corresponding period last year. USD 14.8 million of the revenues came from multi-client sales. The Company had an EBITDA of USD 13.2 million
H7 Platform Removed from German North Sea
The platform (photo above) stood on Norpipe and came on line in 1977. Its compressors were used to maintain pressure in the pipeline, which carries gas from Norway’s Ekofisk area to the Norsea Gas Terminal at Emden in Germany. The compressors were shut down in 1999, but the installation remained ope