Fossil Energy
Aker Solutions’ 4Q Results Solid but Not Spectacular, CEO Says
Norway’s Aker Solutions reported revenues of NOK 12.0 billion and earnings before interest, tax, depreciation and amortisation of NOK 1.2 billion in the fourth quarter of 2012. Based on the preliminary annual results, which show revenues of NOK 44.9 billion and EBITDA of NOK 4.7 billion, the Board o
Osprey Explorer En Route to West Africa
SeaBird Exploration’s seismic vessel Osprey Explorer has been awarded a contract with estimated duration of about 30 days in West Africa. The name of the client was not disclosed. Estimated contract value is approximately USD 2.6 million. The contract is expected to start within the next days. Ospre
Eni’s 4Q Profit Up 13 Pct (Italy)
Italy’s Eni, the international oil and gas company, today announces its group results for the fourth quarter and the full year 2012 (unaudited). The company reported a net profit for the full year 2012 of €7.79 billion, a 13,5% increase compared to 2011. Eni has also reported a net profit of €1.46 b
Barbosa Takes the Helm of BG South America
BG Group today announced that Fabio Barbosa has been appointed Chairman BG South America, reporting to Chief Executive Chris Finlayson, and has stepped down as Chief Financial Officer (CFO) and Executive Director for personal reasons. Barbosa has also stepped down as a member of BG Group’s Group Exe
DOF Subsea Orders OSCV from STX OSV (Norway)
STX OSV , one of the major global designers and shipbuilders of offshore and specialized vessels, has secured a new contract for the design and construction of one Offshore Subsea Construction Vessel (“OSCV”) for DOF Subsea. The vessel will be of OSCV 12 design, developed by STX OSV in Ålesund, Norw
Shell Awards Malikai Subsea Contract to Technip (Malaysia)
French oilfield services provider Technip has secured from Sabah Shell Petroleum Company Ltd (SSPC) an important subsea pipelines contract for the Malikai Deepwater project, located offshore Sabah, at a water depth of approximately 650 meters. The value of the award was not disclosed but could be ra
‘VOS Sweet’ Named in Amsterdam
Vroon, an international shipping company based in the Netherlands, held a naming ceremony for its new subsea support vessel, the VOS Sweet ,on Friday, February 8, 2013. The ceremony was held at Oranjewerf Shipyard in Amsterdam Built at Fujian Southeast Shipyard of China, VOS Sweet is a DP-2 and 4-po
Farstad Orders OSCV from STX OSV
STX OSV Holdings Limited has secured a new contract for the design and construction of one Offshore Subsea Construction Vessel (“OSCV”) for Farstad Shipping . This newbuilding, designed for subsea and IMR (Inspection, Maintenance and Repair) operations, is part of Farstad’ Shipping’s fleet developme
Shell, TPAO Sign Exploration Agreement (Turkey)
Anglo/Dutch oil titan Shell has today signed an offshore exploration agreement with the Turkey’s state-controlled company TPAO, Reuters has reported. Under the agreement Shell will drill at least one well in the Turkish sector of the Black Sea, which could hold between 7 and 10 billion barrels of oi
Apache’s 2012 Production Rises. Profit Drops (USA)
Apache Corporation today reported record overall production for its fourth consecutive year, as well as record oil and liquids production. Average daily production during 2012 increased to 779,000 barrels of oil equivalent (boe) per day, up 5.4 percent compared with the prior year’s production, adju
VIDEO: ABB CEO Discusses 2012 Results
ABB, a Switzerland-based company engaged in power and automation technologies, reported higher orders and revenues for the full year 2012, a solid performance on operational EBITDA and another year of strong free cash flow generation as it continued to capture profitable growth opportunities in a we
AMEC 2012 Revenue Up 28 Pct (UK)
AMEC Plc, a British multinational consultancy, engineering and project management company headquartered in London, today reported its for revenue for 2012 was £4.158 billion (USD 6.44 billion), up 28 per cent on 2011. The company’s earnings before interest, taxes and amortization were £331 million,
Femco Orders 4 Anchor Handlers from Sinopacific (China)
Femco Group has ordered 4 anchor handling tug supply vessels (AHTS) from Sinopacific. The vessels will be built at Dayang shipyard in China owned by Sinopacific which is the world’s biggest supplier of offshore vessels, and has a current order book of around 80 vessels. The four AHTS’ will have 1224
Xstate Acquires Oil Field Offshore Indonesia
Xstate Resources Limited advises that it has signed a memorandum of understanding (“MOU”) to acquire 100% of privately owned Blue Sky Langsa Ltd (“BSL”) effective 1 January 2013. Xstate Resources Limited will acquire 100% of the Langsa Technical Assistance Contract (TAC) with Pertamina, located in 7