Fossil Energy
Chevron 3Q Profit Down $2.5 Billion (USA)
California-based supermajor Chevron, today, November 2, reported third quarter 2012 earnings of $5.3 billion, a decrease of $2.5 billion compared to the $7.8 billion earned in the 3Q 2011. The oil major explained the numbers were lower than the previous year ones because of the decreased oil prices
Aker Solutions’s Order Backlog at Its Highest Level Ever
Norwegian oilfield services provider Aker Solutions, on Friday, November 2, reported its operating revenues were NOK 11 158 million in the third quarter of 2012. Year-to-date revenues are 32 per cent higher than in the first nine months of 2011. Quarterly earnings before interest, tax, depreciation
PDVSA’s Well Offshore Cuba Disappoints
Venezuela’s oil company PDVSA has decided to plug and abandon its exploration well offshore Cuba, according to Granma newspaper. The Cabo de San Antonio 1X well, drilled by the Scarabeo 9 rig, failed to show commercial hydrocarbon volumes, but, according to Granma, valuable geological information ha
Lilaas Lever Technology for Global Offshore PSV
Lilaas AS has secured the breakthrough order for its innovative electronically-controlled LO1 lever range, which was officially launched at this year’s SMM exhibition in Hamburg. The company will supply its first LO1 units to US-based Marine Technologies LLC, which is delivering a BridgeMate thruste
Director Says 2012 Dron & Dickson’s Most Successful Year to Date (UK)
Dron & Dickson, specialist in design, supply and maintenance of hazardous area electrical equipment, has reported growth in 2011/12 of more than 33% on last year, with turnover increasing to £37.6 million from £27.6 million. The growth comes on the back of a number of significant contract wins for t
Deep Sea Supply Wins AHTS Deals in Malaysia, Brazil
Deep Sea Supply, a Norwegian owner of offshore support vessels, has secured a 1 year contract for the AHTS vessel “Sea Eagle 1” for operations in Malaysia. The shipowner did not disclose the name of the client, but only said the client was “an international oil company”. The value of the contract, w
Bibby Offshore: New Diving Support Vessel Creates 60 Offshore Positions
Aberdeen-based subsea installation contractor Bibby Offshore has announced it will increase staff numbers by a further 60 as it takes over ownership of the Dive Support Vessel (DSV) Toisa Polaris. The vessel came under the control of Bibby Offshore in January 2012 on a two-year time charter with opt
Noble Corp. Secures Middle East Contracts for Two Jack-ups
International offshore drilling contractor, Noble Corporation, on Thursday, November 1, announced that the company has secured contracts for two of its rigs in the Middle East. In its fleet status report, Noble Corp. announced that the company’s jack-up rigs Noble Alan Hay and Noble David Tinsley ha
Kvaerner Revenues Fall in 3Q 2012 (Norway)
Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 109 million, including a net positive effect of NOK 42 million from the sale of EPC Center in Houston. Excluding the effect from the sale, the EBITDA margin was 2.8 percent in the quarter. The order backlog amounte
Safety Forum’s Meeting Adresses Key Industry Issues (Belgium)
Summary of meetings with key players in the EU Commission and the Norwegian delegation for the EU on 20 September was one of the topics at the Safety Forum’s meeting in Brussels on 21 September. In addition, mutual information and updates were provided as regards on-going issues, and the Safety Foru
Bourbon Offshore Takes Delivery of New PSV
China’s Zhejiang Shipbuilding Co. Ltd. has delivered the platform supply vessel Bourbon Calm to its owner, Bourbon Offshore, on 2 November 2012. Bourbon Calm is the third in a series of four platform supply vessels of ULSTEIN’s PX105 design to Bourbon Offshore Norway from this yard. The ship has a l
Record Quarterly Revenues for TGS (Norway)
Norwegian seismic survey specialist TGS yesterday, November 1, reported record net revenues of USD 245 million in Q3 2012. This is a a 53% increase compared to USD 136 million in Q1 2011. This is the highest quarterly revenue figure in the Company’s history. Net late sales totaled USD 139 million, u
VAALCO Acquires Interest in Block P, Offshore E. Guinea
VAALCO Energy, Inc. has acquired a 31% non-operating working interest in a production and development area (“PDA”) in Block P, offshore Equatorial Guinea from Malaysia’s Petronas. In a press release published yesterday, November 1, VAALCO said it paid $10 million for the working interest. The PDA, w
Murphy, Ecopetrol Strike Oil at Dalmatian South Prospect (USA)
Colombia’s largest integrated oil & gas company Ecopetrol, announced today that an oil discovery has been made at the Dalmatian South prospect, located in the U.S. Gulf of Mexico, 113 km offshore Louisiana. The Dalmatian South prospect is located within the DeSoto Canyon protraction area in a water