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News Categories: Company Operations News

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PetroChina Posts 5% Fall in Q1 Profit, Beats Forecast
Thursday, April 24, 2014 PetroChina reports a five-percent fall in first-quarter profit but beats forecasts.

Expro Clinches $100M Subsea Contract for BP's Shah Deniz 2 Project
Thursday, April 24, 2014 Expro clinches a $100 million subsea contract for BP's Shah Deniz Stage 2 project in the South Caspian Sea offshore Azerbaijan.

Exillon Looks for New Independent Directors
Thursday, April 24, 2014 Exillon Energy appoints an international recruitment agency to assist it in its search for new independent, non-executive directors.

Diamond Offshore Profit Beats As Rig Hire Rates Improve
Thursday, April 24, 2014 Diamond Offshore Drilling reports 17% fall in quarterly profit due to lower utilization rates for deepwater rigs.

Norway's TGS-Nopec Defies Seismic Industry Gloom With Profit Rise
Thursday, April 24, 2014 Seismic surveyor TGS-Nopec reports better-than-expected first-quarter profits.


Vallianz Bids for $1.2B Offshore Vessel Supply Contracts Globally
Thursday, April 24, 2014 Vallianz Holdings bids for contracts, worth $1.2 billion, to supply offshore vessels for projects in Asia, Middle East, Latin America and Africa as part of its global expansion.

Technip Inks Deal to Sell 75% Stake in Seamec to HAL Offshore for $40M
Wednesday, April 23, 2014 Technip enters into an agreement to sell up to 75 percent stake in India-based diving support vessel provider Seamec to HAL Offshore for around $40 million.

Rosneft Eyes Africa, Former Soviet Posting Of CEO
Wednesday, April 23, 2014 Rosneft may expand in the African countries of Angola and Mozambique, where its boss Igor Sechin served as a Soviet translator in the early 1980s.

CNOOC Reports 1Q 2014 Net Production of 108.1 MMboe, Up 15.5% YOY
Wednesday, April 23, 2014 CNOOC reports net production of 108.1 million barrels of oil equivalent in the first quarter of 2014, 15.5 percent higher than last year.

BP Sells Interests in Four North Slope Assets
Wednesday, April 23, 2014 BP announces that it has agreed to sell interests in four of its Alaska North Slope assets to Hilcorp.

China's YZJOE Lays Keel of Amedeo's Jackup Explorer 1 at Taicang Yard
Wednesday, April 23, 2014 Amedeo Resources reports that the keel of Explorer 1 jackup has been laid on schedule at Jiangsu Yangzijiang Offshore Engineering Co.'s new yard in Taicang, northwest of Shanghai, China.

Cosco's Subsidiaries Bag $100M Contracts to Build 2 PSVs, 4 ERRVs
Tuesday, April 22, 2014 Cosco Corporation's subsidiaries bag contracts to build 2 platform supply vessels and 4 emergency response/rescue/field support vessels for around $100 million.

Fred. Olsen Rig Upgrade Delayed, Seen More Expensive
Tuesday, April 22, 2014 Norway's Fred. Olsen Energy says an upgrade on its Blackford Dolphin rig will be more expensive and take longer than previously thought.

Kea Appoints New Managing Director
Tuesday, April 22, 2014 New Zealand-focused Kea Petroleum appoints Dr Ian Brown as its new managing director.

Paradigm Supplies Software Solutions to New Zealand's Todd Energy
Tuesday, April 22, 2014 Paradigm supplies New Zealand's Todd Energy with seismic interpretation, formation evaluation and reservoir modeling software solutions.

Aker and Baker Agree Subsea Technology Deal
Tuesday, April 22, 2014 Aker Solutions and Baker Hughes are teaming up to develop technology designed to boost output and reduce costs at subsea fields.

Ex-Energy Minister To Head Chile State Oil Firm ENAP
Monday, April 21, 2014 Former energy minister Marcelo Tokman will take over as head of Empresa Nacional del Petroleo (ENAP) from May.

Oando Raises Deposit to Acquire ConocoPhillip's Nigerian Upstream Business
Monday, April 21, 2014 Oando Energy Resources increases deposit to acquire ConocoPhillips' upstream oil and gas business in Nigeria.

Rex International Holdings Provides Updates on Upstream Portfolio
Monday, April 21, 2014 Rex International Holdings provides an update on its upstream portfolio, strategy and future plans.

AVEVA to Provide Engineering, Design Solutions to Total E&P Nigeria
Monday, April 21, 2014 Total E&P Nigeria selects AVEVA to provide engineering and design solutions.

Sandvik Sets New Industry Standards with Next Generation CRAs
Friday, April 18, 2014 Sandvik launches its next generation of high performance materials to meet the operational demands brought about by extreme water depths below 10,000 feet and temperature above 400 degrees.

National Hyperbaric Centre Opens New Singapore Facility
Friday, April 18, 2014 The National Hyperbaric Centre is opening an office in Singapore to provide subsea-related Training, Consulting, Diving/ROV Technical support and senior industry personnel for specialist projects.

Sources: PetroChina Hikes Shale Gas Spending To More Than $1.6B
Friday, April 18, 2014 PetroChina plans to spend more than $1.6 billion on shale gas this year, sources with knowledge of the matter say.

India's Reliance Posts Flat 4Q Profit, Meets Estimates
Friday, April 18, 2014 Reliance Industries posted a flat quarterly profit, in line with estimates, hurt by a slimmer margin in its oil refining business.

McDermott to Re-Enter North Sea with Spoolbase Deal
Friday, April 18, 2014 McDermott's subsidiary signs an option agreement with PD Ports which gives it the exclusive right to operate a spoolbase to serve projects in the North Sea.

Woodside Delivers Higher Revenues
Thursday, April 17, 2014 Additional oil sales and higher LNG prices pushed Woodside Petroleum's quarterly revenue in a positive direction.

Maersk Valiant Drillships Heads to GOM After Delivery from SHI's Shipyard
Thursday, April 17, 2014 Maersk Valiant drillship heads to the Gulf of Mexico for a two year assignment after delivery from Samsung Heavy Industries shipyard in Geoje-Si, South Korea.

Linc Energy Stands Firm in Environmental Dispute with Queensland Government
Thursday, April 17, 2014 Linc Energy stands firm in a dispute with the Queensland government in Australia over allegations that it has caused unauthorized environmental harm at the Chinchilla Underground Coal Gasification Research and Development Facility.

Keppel O&M's Net Profit Rises 11% in 1Q 2014 to $184.89M
Thursday, April 17, 2014 Keppel Offshore and Marine records a net profit of $184.89 million in the first quarter of 2014, up 11 percent from a year ago.

Team RECon Wins US Leg of BP's Ultimate Field Trip Competition
Thursday, April 17, 2014 Team RECon, from the University of Michigan, will enjoy a two-week field trip to BP's operations in Illinois and Alaska after winning the US version of the firm's Ultimate Field Trip Competition.

Schlumberger Hurt By Reduced Drilling, Weak Pricing In Latam
Thursday, April 17, 2014 Schlumberger reports a profit that beat analysts' estimates, but revenue fell short of expectations due to reduced drilling and pricing pressure in Latin America.

Eurasia Drilling 1Q Sales Down on Rouble, Restructuring
Thursday, April 17, 2014 Russia's Eurasia Drilling Company reports 12-percent fall in 1Q sales due to a weaker rouble and client restructuring.

Singapore's Keppel Corp 1Q Net Profit Falls 5%
Wednesday, April 16, 2014 Rig maker Keppel sees first quarter net profit drop 5%.

AGL Settles Outstanding Cash Calls for PEL 96 JV in South Australia
Wednesday, April 16, 2014 Strike Energy reports that partner Australian Gasfields has paid in full all of the past due cash calls for PEL 96 joint venture in South Australia.

Lamprell Clinches $390M Contract to Build 2 Jackups for Ensco
Wednesday, April 16, 2014 Lamprell clinches $390 million contract to build two LeTourneau-designed jackups for Ensco.

Saipem Awarded Angola Contracts Worth More Than $4B By Total
Wednesday, April 16, 2014 Italian oilfield services group Saipem wins two contracts worth $4B from Total.

Stable North American Market Drives Revenues at Enteq
Wednesday, April 16, 2014 More stable North American markets drive revenue growth at Enteq.

Technip Wins its Largest-Ever Subsea Contract
Wednesday, April 16, 2014 A consortium including Technip and Heerema wins a $3.5-billion contract from Total for subsea work on the Kaombo project offshore Angola.

CIMC Raffles Delivers Newbuild Jackup HYSY 932 to COSL
Wednesday, April 16, 2014 CIMC Raffles delivers HYSY 932 to China Oilfield Services Limited, with the newbuild jackup to head to China's Bohai Bay soon to commence operations.

Caterpillar to Power First Zentech R550D Jackup in China
Wednesday, April 16, 2014 Caterpillar Oil & Gas announces that the Cat C175 and Cat 3512 generator sets have been selected to power the first Zentech R550D jackup for Alliance Offshore in China.

Eni, KrisEnergy Take Over Neon's 25% Stake in Blocks 105, 120 Off Vietnam
Tuesday, April 15, 2014 Eni and KrisEnergy take over Neon Energy's 25 percent stake in two blocks offshore Vietnam after the latter defaulted on payments under the joint operating agreements.

Drydocks Signs Deal to Build 2 Gusto-Design Jackups for Malta Oil & Gas
Tuesday, April 15, 2014 Drydocks World signs agreement to build two new Gusto-design jackups for Malta Oil & Gas.

Stover to Succeed Davidson as Noble Energy CEO
Tuesday, April 15, 2014 David L. Stover will succeed Charles D. Davidson as chairman and CEO of Noble Energy.

Aker Wins $2.4B Subsea Contract Offshore Angola
Tuesday, April 15, 2014 Total awards Aker Solutions a $2.4B subsea contract for work offshore Angola.

BP Head Says Russian Business Unaffected by Sanctions
Tuesday, April 15, 2014 Western sanctions over Russia's actions in Ukraine are not affecting BP's business in Russia, says BP boss Bob Dudley.

SOR Controls to Unveil New 815DT Differential Pressure Transmitter
Monday, April 14, 2014 SOR Controls Group, Ltd. continues to grow the popular 800 series pressure transmitter line with the addition of the 815DT differential pressure transmitter.

Repsol Hired 1,062 New Employees in 2013
Monday, April 14, 2014 Repsol hires 1,062 new employees, while training 800 students, in 2013.

BW Offshore Gives Up Polvo Field Stake
Monday, April 14, 2014 BW Offshore chooses to terminate letter of intent that would have allowed it to acquire 30 percent of the Polvo field, offshore Brazil.

Sugih Energy Withdraws Offer to Acquire Ramba Energy
Monday, April 14, 2014 PT Sugih Energy withdraws offer to acquire Singapore-listed oil and gas exploration and production company Ramba Energy.

Italy Set to Make Sweeping Management Changes at State Firms
Monday, April 14, 2014 Italy is set to announce sweeping changes to the top management at state-backed firms, including oil group Eni

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