Fossil Energy
Kosmos Energy Records 2Q Net Loss of $71 Mln
Kosmos Energy Ltd. announced today financial and operating results for the second quarter of 2013, which included a net loss of $71 million, or $0.19 per basic and diluted share. These results include the previously announced Sipo-1 charge of $76 million net. For the second quarter of 2012, Kosmos r
Cavotec to Provide Steel Drag Chains for Gullfaks B
Global engineering group Cavotec has won its largest single order in the oil and gas segment in its history. The Group is to supply, install, test and commission stainless steel drag chains as part of an extensive upgrade of a Statoil oil platform in the North Sea. “This installation is a major achi
Keppel Wins $79 Mln Upgrade & Repair Jobs
Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiaries, Keppel FELS and Keppel Verolme, has secured upgrade and repair contracts totaling about S$100million (USD 79 million) from repeat customers. Keppel FELS in Singapore will be undertaking the upgrade and modification of
Tullow Extends Exploration Period Off Guinea
Hyperdynamics Corporation announced today that Tullow Oil Guinea Ltd. has formally notified the Republic of Guinea, on behalf of the consortium that is exploring for oil offshore Guinea, of its intent to elect to extend the Second Exploration Period for an additional three years, as provided for und
New Norwegian Continental Shelf Map Available for Free Download
The Norwegian Petroleum Directorate has made the new Norwegian continental shelf map available for download. The map, “The Norwegian Continental Shelf” shows all fields, discoveries, licensed area and area opened for exploration as of 21 June 2013. The map also provides an overview of all production
Wilhelmsen Ships Service Opens Myanmar Office
Wilhelmsen Ships Service (WSS) has opened its first office in Myanmar (formerly Burma) as part of its global expansion programme. Since Burma has opened up to foreign investment following recent political reform, WSS has made plans on how to offer its customers a direct service from inside the count
Downtime for Songa Trym Caused by BOP Rubber Wear
Songa Offshore, an international offshore drilling company, announces its rig update for July. Songa Venus achieved an operating efficiency of 98% during the month working for Mubadala Petroleum in Vietnam. Songa Mercur was in transit from Cuba to Vietnam for the start-up of the contract with ENI Vi
Topaz Secures Charter Contracts for V. Filanovsky Field (Russia)
Topaz Energy and Marine, a leading offshore support vessel owner with primary operations in the Middle East and Caspian, today announced that it has secured new multi-year charters in the Russian Vladimir Filanovsky project for nine of its offshore support vessels amounting to circa USD 20 million.
Hydrasun Expands Middle East Presence
Hydrasun, a leading specialist provider of integrated fluid transfer, power and control solutions to the global energy industry, has announced the launch of a new company and associated office and workshop facilities in the Middle East. Hydrasun FZE, based in Dubai, UAE, has been formed to support t
Bookings Opened for Annual Offshore Decommissioning Conference (UK)
Bookings have officially opened for the annual Offshore Decommissioning Conference organised by Decom North Sea in partnership with Oil & Gas UK. This year’s event, sponsored by Ernst & Young LLP, will be held at the Fairmont Hotel, St Andrews, on 2-3 October. With annual expenditure for North Sea d
Incat to Build 70 m Crew Vessel for Caspian Sea Oil Industry
Incat Tasmania Pty Ltd has secured a contract for the construction of a fast 70 metre crew support vessel for operations in the Caspian Sea oil industry in Azerbaijan. The contract was signed yesterday (Thursday 1st August) in Baku Azerbaijan by Incat Chairman Robert Clifford and representatives of
RWE Sells Its Share in Excelerate Energy
With economic effect from 30 June 2013, RWE is selling its 50 per cent share in the US liquefied natural gas company Excelerate Energy. Buyer is the current co-owner, George B. Kaiser. The transaction remains subject to approval by the RWE AG Supervisory Board. “Excelerate Energy has developed to be
MAN Gensets for ‘Ceona Amazon’ Construction Vessel
MAN Diesel & Turbo has won an order to supply the main gensets for a multi-layer vessel newbuilding, recently commenced by Lloyd Werft Bremerhaven AG for British client, Ceona. The Ceona Amazon will be equipped with 2 × 9L32/44CR + 4 × 8L32/44CR main gensets, providing a total output of 28 MW. Each
DeepOcean Welcomes New Members to Its Aberdeen Office
DeepOcean UK, a subsidiary of DeepOcean Group Holding BV, today announced two key appointments, to strengthen its Management Team in Aberdeen. Mervyn New joins DeepOcean as Trenching Business Line Manager – Aberdeen. Mervyn brings over 30 years’ experience in the subsea oil & gas industry, with a st