Fossil Energy
BG Charters Blue Power PSV
The platform supply vessel Blue Power, a PX121 design delivered from Ulstein Verft in March this year, has entered into a five-year contract with BG Group, with options for 2×1 year. Owned by Blue Ship Invest, a wholly-owned company in Ulstein Group, the vessel is commercially and technically under
Noble Energy Net Income at $261 Mln
Noble Energy, Inc. announced today first quarter 2013 net income of $261 million, or $1.45 per share diluted, and net income from continuing operations of $232 million, or $1.28 per share diluted. Excluding the impact of unrealized commodity derivatives losses and certain other items, first quarter
Diamond Offshore Earns $176 Mln in 1Q 2013 (USA)
Diamond Offshore Drilling, Inc. today reported net income for the first quarter of 2013 of $176 million, or $1.27 per share on a diluted basis, compared with net income of $185 million, or $1.33 per share on a diluted basis, in the same period a year earlier. Revenues in the first quarter of 2013 we
Sembmarine to Build Bridge and Flare for Nexen’s Golden Eagle Project
Sembmarine SLP Limited (SLP), a subsidiary of Sembcorp Marine has secured a contract worth approximately £7 million to fabricate the Bridge and Flare Structures for Nexen Petroleum UK Ltd’s Golden Eagle Project in the UK North Sea. SLP is already the EPC provider for the Project’s Living Quarters Pl
Total Makes Oil Discovery Offshore Ivory Coast
Total announces that the Ivoire-1X exploration well, located in the western portion of Block CI-100 in 2,280 meters of water, encountered 28 meters of net oil pay in a series of about 100 meters of Cretaceous reservoirs. The oil in the abrupt margin geological play is light 35 API oil. Operated by T
Strategic Marine Delivers Crew Boat to Malaysian Client
Strategic Marine, a leading specialist shipbuilder in Asia-Pacific, today delivered the Jati Five crew transfer vessel to Malaysian owner, Dinasti Jati Sdn Bhd. The company also confirmed it has received an order for two further ships in the range, the Jati Six and Jati Eight. The Jati Five, ordered
Hydrasun’s New Manager to Boost Subsea Sales (UK)
Hydrasun, a leading specialist provider of integrated fluid transfer, power and control solutions to the global energy market, announces the appointment of Steve Hanson as business development manager to further drive the company’s sales growth plans within the subsea marketplace both in the UK and
New Law to Ban Oil & Gas Activity at Sable Island Area (Canada)
Nova Scotia yesterday introduced legislation which will limit oil and gas activities at Sable Island and help it become a national park. Sable Island is a small island situated 300 kilometres southeast of Halifax, Nova Scotia, and about 175 kilometres southeast of the closest point of mainland Nova
Aquaterra Energy Asia Pacific Established
Cementing its position as a leading supplier of specialist offshore engineering solutions across international markets, Aquaterra Energy has established Aquaterra Energy Asia Pacific and appointed Ken Crawford as General Manager (Asia-Pacific) – Aquaterra. Patrick Phelan, Managing Director of Aquate
Ulstein CEO: “Good result in a demanding market” (Norway)
Norway’s Ulstein Group today reported an operating income for 2012 of NOK 2.27 billion and an operating profit of NOK 228 million. “We deliver a good result in a demanding market thanks to our competent and hardworking employees and an organisation that provide for execution and delivery precision.
Seadrill Appoints New Board Members
Seadrill Limited, one of the worlds leading offshore drilling contractors, announced today that Bert Bekker and Paul Leand Jr. have been appointed to its board of directors to fill vacancies that exist on the Board. Bekker has worked in the heavy marine transport industry since 1978, as both a direc
Hess Profit Rises on Asset Sales
Hess Corporation today reported net income of $1,276 million for the quarter ended March 31, 2013. Adjusted earnings, which exclude gains on asset sales and other items affecting comparability of earnings between periods, were $669 million, or $1.95 per common share, representing a 30 percent increa
InterMoor Completes Heave-Compensation Job in U.S. GoM
InterMoor, an Acteon company, has successfully completed a contract with Cross Group, Inc. that included the provision of heave-compensation services for the installation of a Cross 7.0 workover riser package (WRP). An InterMoor compensated anchor-handler subsea installation method (CASIM) unit play
Rosneft CEO Visits GE’s Facilities in UK
Igor Sechin, Rosneft President, Chairman of the Management Board visited GE Offshore and Underwater Hydrocarbon Production Department in the Scottish city of Aberdeen as part of a series of Rosneft delegation visits to GE production and engineering facilities. During the visit Rod Christie, Vice Pre