News Categories: Company Operations News
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Gazprom Managers May Face Corruption Charges in Switzerland
Tuesday, September 02, 2014 Two Gazprom managers may face corruption charges related to bribes paid in connection with the construction of the Yamal gas pipeline that connects Siberia to Germany.
Van Oord Orders Subsea Rock Installation Vessel from China's Sinopacific
Tuesday, September 02, 2014 Van Oord orders a new subsea rock installation vessel from China's Sinopacific Shipbuilding, with delivery expected in 2016.
UDS Inks $200M Deal ith China's ZPMC to Build Ultra Deep Multipurpose DSCV
Tuesday, September 02, 2014 Ultra Deep Solutions inks $200 million contract with China's Shanghai Zhenhua Heavy Industries to build an ultra deep multipurpose diving support construction vessel.
SapuraKencana-Linked Firms Bag $124M T&I Contracts in Vietnam, Australia
Tuesday, September 02, 2014 SapuraKencana Petroleum-linked firms TL Offshore and SapuraAcergy bag transportation and installation contracts worth $124 million in Vietnam and Australia.
Polarcus Strengthens Company's Presence in Brazil
Tuesday, September 02, 2014 Polarcus strengthens the seismic services company's presence in Brazil.
Jasper Fails to Take Delivery of Jasper Cosmopolitan from Yulian Shipyard
Monday, September 01, 2014 Jasper Investments fails to raise sufficient funds to take delivery of Jasper Cosmopolitan accommodation semisub from China's Yulian Shipyard.
ERM Power to Sell West Australian Gas Assets to Empire O&G for $15M
Monday, September 01, 2014 ERM Power agrees to dispose of its Western Australian gas assets to Empire Oil & Gas for $15.26 million.
Blue Water Energy, Blackstone and GIC Invest $500M in Siccar Point Energy
Monday, September 01, 2014 Blue Water Energy, Blackstone Energy Partners and Singapore's sovereign fund GIC invest $500 million in new North Sea-focused exploration and production company Siccar Point Energy.
CNOOC Posts 6.8% Rise in Net Production in 1H 2014 to 211.6 MMboe
Friday, August 29, 2014 CNOOC posts a 6.8% increase in net production to 211.6 million barrels of oil equivalent in the first half of this year, compared to 198.1 MMboe a year ago.
Enegi Mulls Newfoundland Divestment, Increased Stake in ABT
Friday, August 29, 2014 Enegi Oil is considering divesting itself of its assets in western Newfoundland, while upping its stake in ABT Oil & Gas, but the FDP for the Fyne field will not be submitted on time.
Drillsearch Energy Ups Stake in Ambassador Oil & Gas to 84.2%
Friday, August 29, 2014 Drillsearch Energy raises stake in Ambassador Oil & Gas to 84.2 percent, with two of its nominees appointed directors of the latter.
Falcon Oil & Gas Provides 1H 2014 Interim Results
Friday, August 29, 2014 Falcon Oil & Gas provides the company's interim results for the first half of 2014, including an update on its operations in Australia's Beetaloo permits.
Kongsberg Bags Contract from BW Offshore for Catcher FPSO
Friday, August 29, 2014 Kongsberg Maritime Engineering bags contract from BW Offshore for Catcher floating production, storage and offloading vessel.
WDS Bags $60.7M Contracts for GLNG, Daandine Projects in Australia
Thursday, August 28, 2014 WDS bags two contracts, worth $60.7 million, for work on Gladstone liquefied natural gas project and Daandine facility expansion project in Australia.
Argentina's YPF Reaches Deal With Petronas To Develop Shale Oil
Thursday, August 28, 2014 YPF reaches a deal worth $550 million with Petronas to develop shale oil in the vast Vaca Muerta formation.
Loyz Posts Higher Net Attributable Profit in 4Q FY 2014
Thursday, August 28, 2014 Loyz Energy posts a net attributable profit of $0.64 million for the June quarter, boosted by crude oil sales from its newly acquired concessions in Thailand.
PetroChina 2Q Profit Rises 15%, Matches Estimates
Thursday, August 28, 2014 PetroChina posts a 15% increase in 2Q profit, partly due to higher upstream earnings and improved refining margins.
PEMEX Announces New Tender to Lease Semisub
Thursday, August 28, 2014 PEMEX announces new tender to lease without option to buy, of one semisubmersible drilling platform, S/S "M1".
EOC Owns Lewek Antares After Acquiring 50% Stake from KMPL for $18.3M
Thursday, August 28, 2014 EOC takes full control of Lewek Antares Shipping after acquiring 50 percent share in the firm from Konquest Marine for $18.3 million.
Italy Aims To Complete Eni, Enel Stake Sales By December
Thursday, August 28, 2014 Italy's government says it is on course to sell stakes in energy groups Enel and Eni by the end of the year.
GE Launches New Xmas Tree to Meet Deepwater Challenge
Wednesday, August 27, 2014 GE Oil & Gas launches a new Deepwater Vertical Xmas Tree (DVXT) for depths of up to 9,850 feet.
Drillsearch Raises Stake in Takeover Target Ambassador Oil & Gas to 60.13%
Wednesday, August 27, 2014 Drillsearch Energy raised its interest in Ambassador Oil & Gas to 60.13 percent.
Malaysia's Bumi Armada to Raise $633.8M with Rights Shares
Wednesday, August 27, 2014 Malaysian oil field services company Bumi Armada will raise $633.87 million by selling rights shares.
SBI Offshore Negotiates with ME-Chinese Consortium to Build 5 Jackups
Wednesday, August 27, 2014 SBI Offshore negotiates with a Middle East-Chinese consortium to build five jackups, possibly in a shipyard in China or Singapore.
Energy Project Delays Cut Petrofac Profit Nearly in Half
Tuesday, August 26, 2014 UK oilfield services company Petrofac reports a halving of first-half profits after being hurt by slow progress at some of its projects.
New Firm, Origo Exploration, Launches at ONS
Tuesday, August 26, 2014 Origo Exploration, a new oil and gas company focused on the Norwegian and UK continental shelves, launches at the ONS show after having raised $525 million from investors.
Otto Marine Bags $53M AHTS Charter Contracts for Work Offshore Australia
Tuesday, August 26, 2014 Otto Marine bags $53 million charter contracts to provide 2 anchor handling tug supply vessels for work offshore Australia.
Aker Solutions Says Engineering On Track For 2017 Cost Cut Of 30%
Tuesday, August 26, 2014 Aker Solutions Engineering Vice President Valborg Lundegaard says at ONS that his division is on track to cut costs by 30 percent by 2017.
Hallin Completes Replacement of Mooring Lines for FPSO HYSY111 in China
Tuesday, August 26, 2014 Hallin Marine completes replacement of mooring lines beneath the floating production, storage and offloading vessel HYSY111 in China.
Keppel's Unit Disposes of 35% Stake in PetroVietnam Drilling Overseas Co.
Monday, August 25, 2014 Keppel Corporation's subsidiary Joy Pride Investments disposes of its 35% stake in PV Drilling Overseas Company.
Otto Marine Seeks to Raise Profile, Competitiveness of Subsea Services Unit
Monday, August 25, 2014 Otto Marine aims to develop the international profile and competitive position of its subsea services unit.
Sinopec Expects China Shale Drilling Costs To Drop From $80M To $50M A Well
Monday, August 25, 2014 Sinopec expects shale drilling costs in China to drop to $50 million per well from $80 million in three to five years.
Sinopec Q2 Earnings Rise 36%, Beat Forecast
Friday, August 22, 2014 Sinopec Corp. posts a 36% rise in second-quarter profit.
Building an International Technical Career with Shell
Friday, August 22, 2014 Senior Manager of Operations at the Shell Middle Distillate Synthesis plant Teo Mui Poh explains why she's been so happy in her 20-year career.
Keppel FELS Delivers Newbuild Jackup 'Dukhan' to Qatar's GDI
Friday, August 22, 2014 Keppel FELS delivers jackup "Dukhan" to Qatar's Gulf Drilling International, with the newbuild contracted for work with Qatar Petroleum.
Rosneft Signs Collaboration Deal with Seadrill, NADL
Friday, August 22, 2014 Rosneft signs a framework agreement with Seadrill and North Atlantic Drilling that will see the companies collaborate on oilfield projects.
Atlantic Farms Out PL528 Stake to Repsol
Friday, August 22, 2014 Repsol has agreed to buy a 6% stake in Norwegian production license PL528/528b from Atlantic Petroleum.
Qinterra Lands $20M Deal to Support Petronas Carigali's Malaysia Operations
Friday, August 22, 2014 Qinterra Technologies lands a contract, worth up to $20 million, to support Petronas Carigali's operations in Malaysia.
Petrofac Chairman Resigns
Friday, August 22, 2014 Petrofac announces the resignation of its chairman, Norman Murray.
Norway's DNO Says Committed to Kurdistan Despite Violence
Thursday, August 21, 2014 Norway’s DNO says it remains committed to its operations in Iraq’s Kurdistan region in spite of nearby violence.
Mexican Oil Company Pemex Launches Post-Reform Corporate Makeover
Thursday, August 21, 2014 Mexico's national oil company, Pemex, says it had begun a corporate restructuring following the approval earlier this month of a historic energy overhaul that ended Pemex's decades-long monopoly.
MacGregor to Supply Subsea Cranes to China's Fujian Mawei Shipbuilding
Thursday, August 21, 2014 MacGregor secures contract to supply two subsea cranes to China's Fujian Mawei Shipbuilding.
XPD8 Secures $3.73M Contracts for Work in Malaysia, North Sea
Wednesday, August 20, 2014 XPD8 Solutions secures two contracts, worth $3.73 million, for work in the North Sea and Malaysia.
Woodside Posts Record Half-Year Profit of $1.015B, Up 27% YOY
Wednesday, August 20, 2014 Woodside posts record half-year profit of $1.015 billion, up 27 percent from $873 million in the previous year.
Wild Well Expands Company Service Offerings, Presence in Asia Pacific
Wednesday, August 20, 2014 Wild Well expands its service offerings and presence in Asia Pacific with the addition of staff at its regional office in Malaysia.
Oilfield Equipment Firm Schoeller-Bleckmann Sales Slip
Wednesday, August 20, 2014 Schoeller-Bleckmann says sales slipped by one percent during the second quarter as customers spent cautiously on high-precision components.
Ezra's Shareholders Approve Consolidation of EMAS Marine into EOC
Wednesday, August 20, 2014 Ezra's shareholders approve consolidation of EMAS Marine into associate company EOC and Singapore listing.
Prelude: A World's Worth Of Talent And Technology
Wednesday, August 20, 2014 Creating the world's first floating liquefied natural gas (FLNG) project continues to be one of the most ambitious engineering projects in the world.
BP Names New CEO of US Shale Unit
Wednesday, August 20, 2014 BP announces it has named David Lawler chief executive officer of its US Lower 48 Onshore business.