Fossil Energy
SPX Provides Pumps for North Sea Oil Platforms
SPX Corporation has announced that its Flow Technology segment has been awarded two contracts worth a combined total of approximately $40 million for ClydeUnion-branded pumps that will play a vital role in two offshore oil production platforms being constructed in the North Sea. Under the terms of o
Ula Field Issues Shut Down Oselvar Production (Norway)
BP has informed that due to a defect gas compressor at the Ula field, which serves as a processing hub for nearby oil fields, Ula will not be able to recto receive and process production from satellite fields, leaving the Oselvar field shut down. The news has been revealed by Noreco in a filing to O
New AUV Delivered to MODUS (UK)
Modus Seabed Intervention, the leading subsea engineering and specialist Unmanned Underwater Vehicle (UUV) service provider, has taken delivery of its first Autonomous Underwater Vehicle (AUV) as the company expands its technology-led subsea capabilities. The acquisition is part of a planned investm
Raytheon Anschütz do Brasil Equips 4 PSVs with Gyro Compass
Raytheon Anschütz do Brasil reports a number of contract awards for the supply of gyro compass and autopilot systems to new offshore platform supply vessels built at Brazilian shipyards. The largest contract covers four shipsets, each with a fully equipped triple Standard 22 gyro compass system, rep
Vantage Drilling Back to 2Q Profit
Vantage Drilling Company reports a net income for the three months ended June 30, 2013 of $4.2 million or $0.01 per diluted share as compared to a net loss of $10.0 million or ($0.03) per diluted share for the three months ended June 30, 2012. For the six months ended June 30, 2013, Vantage reports
USA: 162.000 Jobs Created by Oil & Gas Industry Since 2007
From the start of 2007 through the end of 2012, total U.S. private sector employment increased by more than one million jobs, about 1%. Over the same period, the oil and natural gas industry increased by more than 162,000 jobs, a 40% increase. The Labor Department’s Bureau of Labor Statistics (BLS)
Eidesvik Sells ‘Viking Forcados’ MPSV
Norwegian shipowner Eidesvik has entered into a memorandum of agreement for the sale of the vessel Viking Forcados to an undisclosed buyer. A deposit of 5% of the purchase price has been received by Eidesvik. The vessel is slated for delivery to new owners in 3rd Quarter 2013. According to Eidesvik,
Fracking Offshore California? Lawmakers Call for Investigation
Assembly member Das Williams circulated a letter Tuesday calling on the Department of Interior and Environmental Protection Agency to investigate reports of hydraulic fracturing beneath the seabed floor off the California Coast. Williams, a lifelong environmentalist and coastal advocate, has been jo
Air Energi Revenues Up 39%
Air Energi Group, the global workforce solutions provider for the oil and gas industry, has published its financial end-of-year report for 2012. The numbers confirm another year of stellar growth for the company, with a turnover of £290 million (up 39 per cent year-on-year) translating into a gross
FMC Technologies Expands Board
FMC Technologies, Inc. announced the appointment of two new members to its Board of Directors. The new board members are Clarence P. Cazalot, Jr., Executive Chairman of Marathon Oil Corp., and Peter Mellbye, former Executive Vice President of Development & Production of Statoil ASA. Mellbye will joi
Gas Projects Vital for W. Australia Economy
Today’s Western Australia Budget highlights the vital contribution gas projects are making to the state economy. As outlined in Budget Paper No. 3, the WA economy has grown by an estimated 5.75 per cent, largely supported by gas developments which boosted investment to record levels. APPEA Chief Ope
Platts: Libyan Output Drop-Off Hits OPEC’s July Oil Production
Crude oil output from the Organization of the Petroleum Exporting Countries (OPEC) fell 110,000 barrels per day (b/d) to 30.34 million b/d in July from 30.45 million b/d in June, a Platts survey of OPEC and oil industry officials and analysts showed Thursday. “When the consuming world wonders why oi
Murphy Oil Announces Management Promotions (USA)
Murphy Oil Corporation announced today the following promotions, effective August 7, 2013. Barry Jeffery has been promoted to Vice President, Investor Relations. Jeffery joined the Company in 1986 as a Thermal Engineer at Murphy Oil Company, Ltd. in Calgary, Canada. He held several positions with th
FAR Gets First Instalment from Cairn for Senegal Farm-in
FAR Limited (“FAR”) has received a first tranche payment of US$4.8 million from Cairn Energy PLC (“Cairn”). This is partial payment of the back costs agreed in the farm-in agreement on FAR’s offshore Senegal petroleum exploration permits announced in March this year. Under the farm-in agreement, app