Fossil Energy
Hercules Offshore: 2Q Net Income at $16.6 Million
Hercules Offshore, Inc. today reported net income from continuing operations of $16.6 million, or $0.10 per diluted share, on revenue of $211.5 million for the second quarter 2013, compared with a net loss from continuing operations of $52.5 million, or $0.33 per diluted share, on revenue of $154.5
Statoil, Wintershall Wrap Up NCS Assets Transaction
Norwegian oil company Statoil has announced that the agreement signed with the German oil and gas company Wintershall—which includes the divestment of Statoil’s share of the Brage licences, a farm-down in Gjøa and Vega, and acquisition in the Edvard Grieg licence in the North Sea—has been completed.
Gibdock: Technip’s ‘Wellservicer’ Ready for Work in Canada
Gibdock has underlined its growing reputation in the offshore vessel sector by securing its first dry docking contract from Technip, a world leader in project management, engineering and construction for the energy industry. Wellservicer, a multi-role diving support vessel with subsea lift capabilit
GDF Suez Confirms Cragganmore Is a Gas Discovery (UK)
GDF SUEZ E&P UK has announced that the Cragganmore exploration well was a successful gas discovery. Located at block 208/17, this is one of two wells drilled in the West of Shetlands in partnership with DONG Energy as operator. The Cragganmore well results are currently being evaluated to assess via
FoundOcean Awarded Two DNV Acreditations (UK)
FoundOcean has been awarded two significant accreditations from independent auditing body DNV. Jim Bell, Managing Director for FoundOcean said, “The ISO 9001 certificate that we have held since 2006 demonstrates that our quality management system complies with industry best practices. The OHSAS 1800
Gallery: Oil Spill Hits Thai Tourism. Greenpeace Calls for Drilling Ban
The oil spill, which occurred in the Gulf of Thailand on Saturday, could have a huge impact on the country tourism, Reuters has reported, citing Tourism Minister Somsak Phurisisak. The oil was spilled on Saturday, July 27, in the Gulf of Thailand, and it took it only one day to reach a Thai tourist
TAQA Reports 4 Pct Decrease in Revenues (UAE)
TAQA, the international energy company from Abu Dhabi, today reported its operational and financial results for the first half of 2013. The first half of 2013 was characterised by good progress against TAQA’s long term growth projects, while a number of short-term operational issues impacted profita
Rialto Energy’s COO Resigns (Australia)
Rialto Energy Limited advises that Charlie Nieto has resigned as Chief Operating Officer of the Company with immediate effect. Commenting on today’s announcement, Managing Director, Rob Shepherd said: “I would like to thank Charlie for his significant contribution to the Company over the last three
Dana Petroleum Replaces Mooring Chains on Triton FPSO
Dana Petroleum has replaced all nine mooring chains on its oil production vessel Triton – under budget and ahead of schedule.
Otto Energy’s Galoc Well Reaches Oil Bearing Sandstones (Philippines)
Otto Energy Limited, as operator of the producing Galoc oilfield joint venture offshore the Philippines, provides the following update on the Galoc-5 H and Galoc-6 H drilling campaign in SC14C, part of the Galoc Phase II development approved in 2012. During the period from 0600 hours (AWST) on 24 Ju
Helix Introduces Q7000 Well Intervention Vessel
Helix Energy Solutions Group, Inc. announced today that it is proceeding with the construction of a second newbuild semisubmersible well intervention vessel, to be named the Q7000. Owen Kratz, Helix’s President and CEO, stated, “Based on strong market demand and our proven success for delivering spe
Happy Sky Heavy Lift Vessel Starts Its First Journey
BigLift Shipping has announced that on Sunday July 28th, Happy Sky heavy lift vessel started her maiden voyage from Shanghai to Cape Lambert, Australia. She is transporting three large modules – 1 x 935 mt / 1 x 818mt / 1 x 777 mt – to be installed as part of the Port B, Phase […]
BSEE: Rowan EXL-3 Rig to Spud South Timbalier Relief Well This Week
The Bureau of Safety and Environmental Enforcement (BSEE), U.S. Coast Guard, and Walter Oil & Gas Corporation (Walter), through the Unified Command, continue to oversee and coordinate response efforts to secure the South Timbalier 220 natural gas Well A-3. The BSEE said: “All available options to sa
Claxton Performs Urgent Rig Equipment Repairs
Claxton Engineering Services Ltd, an Acteon company, successfully responded to an urgent call to mend a rig diverter’s connection by providing a 30” dual seal overshot, a 30” casing cutter and personnel to oversee operations and requirements within 48 hours. During this time period, Claxton modified