Fossil Energy
DOF Subsea Secures $45 Mln Worth of Contracts in Asia Pacific
The DOF Subsea Group has secured a number of contract awards in the Asia Pacific region with a total value of approximately USD 45 million. The contracts will utilise the vessels Skandi Singapore and Skandi Hawk, as well as project management and engineering services to undertake a range of IRM camp
Farstad Orders Subsea IMR Vessel from Vard
Farstad Shipping ASA has, through its wholly owned subsidiary Farstad Supply AS, reached an agreement with Vard Group AS to build one subsea/IMR vessel. The steel hull of the vessel will be built by Vard yard in Tulcea, Romania and outfitting will take place at Vard Langsten in Tomrefjord. The vesse
Citec Buys M7 Offshore
Citec continues to strengthen its competence and offering within the oil and gas segment via acquiring the Norwegian engineering company M7 Offshore AS. M7 provides engineering and project management services to the oil & gas industry, including liquefied natural gas (LNG). The focus is on process p
15 Oil Firms Buy Seismic Data Covering Jan Mayen and Barents Sea
The Norwegian Petroleum Directorat has informed that, as of 19 August, 15 oil companies have purchased the Norwegian Petroleum Directorate’s seismic data package from the southeastern part of the Barents Sea and the ocean areas off Jan Mayen ridge. The 15 companies are: Chevron Norge AS, Idemitsu Pe
Otto Energy Completes Galoc Drilling (Philippines)
Otto Energy Limited, as operator of the producing Galoc oilfield joint venture offshore the Philippines, provides the following update on the Galoc-5H and Galoc-6H drilling campaign in SC14C, part of the Galoc Phase II development approved in 2012. During the period from 0600 hours (AWST) on 14 Augu
Bumi Armada Profit Increases 22 Pct
Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad posted a Year to Date revenue of RM970.0 million, EBITDA of RM498.3 million and a net profit of RM221.6 million on the back of increased activities across its business sectors. Compared to the same period a year ago
Oil & Gas UK: Renewed Gov’t and Industry Dedication Promotes Investment
Oil & Gas UK’s 2013 Economic Report, published today (21 August), highlights how the renewed commitment from the Government and industry to extract oil and gas from the UK’s Continental Shelf (UKCS) is succeeding in promoting investment to an all-time record of £13.5 billion this year. Oil & Gas UK’
Transocean Secures $2.5 Bln in Drilling Contracts
Transocean, one of the world’s largest offshore drilling contractors by fleet size, has revealed it has secured new drilling contracts worth approximately $2.5 billion. The company, in its latest fleet status report, announced that it has, since July 17, 2013, received drilling contracts for five of
QGEP Strikes Oil Offshore Brazil
Brazil’s QGEP has made an oil discovery off the coast of Bahia state in Brazil. QGEP Participações S.A. today announced that its wholly owned subsidiary Queiroz Galvão Exploração e Produção S.A. (QGEP) filed a Notice of Discovery with the ANP (Agência Nacional do Petróleo, Gás Natural e Combustível)
SeaBird’s Voyager Explorer Bags Two Contracts in South East Asia
SeaBird Exploration Plc announced that Voyager Explorer seismic vessel has been awarded two contracts in the South East Asia region. The contracts have an estimated duration of 45-50 days and a value of approximately USD 7.5-8.0 million. SeaBird is a global provider of marine acquisition for 2D/3D a
Swire Pacific Offshore: Naming Ceremony of ‘Pacific Duchess’ Vessel
Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrates the latest addition to its existing D Class fleet with the launch and naming of Pacific Duchess. The ceremony was held in the late evening of 20 August 2013, Tuesday at Singapore Technologies Marine (ST Marine) ship
Clough: Record Financial Results (Australia)
Engineering and project services company Clough Limited today announced record financial results reporting NPAT from continuing operations of $73.9 million for the full year ended 30 June 2013, a 111% increase on the prior corresponding reporting period. Total revenue was $1.51 billion, up 50%, and
EOC Sells FPSO to Perisai
Singapore’s EOC Limited has completed the previously announced sale of 51% equity interest in the entities owning and operating the FPSO “Perisai Kamelia” to Perisai Production Holdings Sdn Bhd, a wholly-owned subsidiary of Perisai Petroleum Teknologi BHD (“Perisai”). The Company has announced that
Pluto Production Boosts Woodside 1H Profit
Australia’s Woodside has reported a half-year profit after tax of $873 million, underpinned by a 22.5% increase in production and a 7.6% increase in operating revenue. Key to these increases was the full half-year of production from the Pluto LNG Plant. Production of 41.9 million barrels of oil equi