Fossil Energy
Subsea 7 Net Income Rises
Subsea 7, a UK-headquartered offshore oilfield services provider, today reported net income for the 4Q 2012 of USD 149 million, an increase when compared to the same period in 2011, when the company reported a net income of $107 million. The revenue increased to $1,6 billion, compared to $1.4 billio
Bergen Group Bags AHTS Outfitting Job
Norway’s Bergen Group Fosen has signed a contract with NFDS Offshore 1 AS for outfitting and commissioning of a new and modern anchor handling tug supply vessels (AHTS). NFDS Offshore 1 AS is a subsidiary of Det Nordenfjeldske Dampskibsselskap AS, a company where BOA Offshore holds the majority shar
China’s CNPC Buys Eni’s 20 Pct Share in Area 4 Offshore Mozambique
Eni CEO, Paolo Scaroni, and the CEO of Petrochina Company Limited, controlled by China National Petroleum Corporation (CNPC), Zhou Jiping, signed an agreement in Beijing for Eni’s sale to CNPC of 28,57% of Eni East Africa’s shares, owner of the 70% interest in Area 4, in Mozambique. With this operat
Senator Robert Menendez Opposes Offshore Drilling Expansion (USA)
U.S. Senator Robert Menendez (D-NJ), along with seven other Senators, in a letter to the Chairman and Ranking Member of the Senate Committee on Energy and Natural Resources, expressed vigorous opposition to expanding offshore drilling or to creating new incentives for coastal drilling. “In recent we
Jakarta Post: Pertamina EP Earmarks $300 Mln for Exploration in 2013
Pertamina EP, a subsidiary of Indonesia’s state-run oil and gas company PT Pertamina, has set aside USD 300 million for exploration activities in 2013. The Jakarta Post has reported that the upstream oil and gas company plans to drill 28 new exploration wells, a step-up from 24 wells drilled last ye
McDermott Buys DeepSea (UK)
McDermott International, Inc. has acquired all of the outstanding shares of the DeepSea operating companies. Terms of the purchase are not being disclosed. Headquartered in London, England, with engineering offices in Houston, Europe and Asia Pacific, DeepSea’s specialty services encompass subsea en
Saudi Aramco Hires Two AOD’s Jack-up Rigs
Asia Offshore Drilling Limited (“AOD”), has signed drilling contracts whereby AOD’s jack-up drilling rigs ‘AOD II’ and ‘AOD III’ will be providing drilling services to the Saudi Arabian Oil Company (“Saudi Aramco”) for operations in offshore Saudi Arabia. The drilling contracts have been entered int
Boskalis 2012 Net Profit Slightly Declines (The Netherlands)
Royal Boskalis Westminster N.V. (Boskalis) achieved a record revenue of EUR 3.1 billion in 2012 (2011: EUR 2.8 billion). Net profit amounted to EUR 250 million, thus remaining virtually stable compared to 2011 (EUR 254 million). Despite the slight decline in net profit and a substantial increase in
DOF Subsea Sells Geobay to a Middle East Client
DOF Subsea Group has entered into an agreement where the 1978 built vessel Geobay is sold to a Middle East buyer. DOF said that the selling price is slightly above book value of the vessel. The sale is expected to be completed after the ongoing project utilizing the vessel is finalized in May 2013.
Østensjø Rederi Orders New Offshore Accommodation Vessel
Edda Accommodation, operated by Norway’s Østensjø Rederi, has placed an order for a new mono hull accommodation vessel plus one optional vessel at Hyundai Heavy Industries Co., Ltd. By placing this order Edda Accommodation is expanding the commercial and technical success of its existing accommodati
Buccaneer Launches Counterclaim Against Archer Drilling (USA)
In respect to the suit filed by Archer Drilling, LLC following the termination of Archer Drilling as the project manager of the modifications and repairs of the “Endeavour – Spirit of Independence” jack- up rig, Buccaneer Energy has launched a counterclaim. The Endeavour is owned by Kenai Offshore V
Wood Group Kenny Designs SLWR for Sapinhoa Field in Brazil
Wood Group Kenny has been awarded a contract by Saipem for the engineering analysis and configuration design of the steel lazy-wave riser (SLWR) system for the Sapinhoa Norte pre-salt field, approximately 300km off the coasts of Rio de Janeiro and Sao Paulo states in Brazil. This award follows tende
OGX Declares Its Campos, Santos Basin Assets Commercial
OGX Petróleo e Gás Participações S.A., the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, has submitted to the National Petroleum, Natural Gas and Biofuels Agency (ANP) declarations of commerciality for the Pipeline, Fuji and Illimani accumul
Gallery: Heerema’s Aegir Getting Ready for Lucius and Ichthys
Heerema Marine Contractor’s new Deepwater Construction Vessel Aegir arrived in Rotterdam’s Caland Canal today after a journey of almost two months from the DSME shipyard in Okpo, South Korea where it was built. The 210m long and 46.2m wide vessel will move to the Huisman yard in Schiedam in April wh