News Categories: Company Operations News
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Songa Completes $1.1B Loan Deal to Finance Rigs
Friday, October 31, 2014 Songa Offshore says it has completed the signing of a $1.1 billion credit facility to finance its last two Category D drilling rigs.
Centrica Continues Boardroom Reshuffle with New British Gas Head
Friday, October 31, 2014 Centrica is to promote its current managing director of British Gas residential energy to head its entire British Gas business.
Sinopec Eyes Shale Boost, Debt Reduction with $17.5B Stake-Sale Cash
Friday, October 31, 2014 Asia's largest oil refiner Sinopec aims to use part of $17.5 billion in proceeds from a stake sale to boost shale gas production and lower debt.
FEEC Further Extends Maturity Date of Loan Facility with SCB
Friday, October 31, 2014 Far East Energy Corp., operator of Shouyang coalbed methane block in China's Shanxi province, further extends the maturity date of its existing loan facility with Standard Chartered Bank.
Baker Hughes Launches SeismicTrak
Friday, October 31, 2014 Oilfield services firm Baker Hughes launches its SeismicTrak seismic-while-drilling service.
Perdana Petroleum Sells Offshore Support Vessel to Hauston for $28.5M
Thursday, October 30, 2014 Perdana Petroleum's subsidiary sells an offshore support vessel to Hauston for $28.5 million.
Shell Appoints New Chairman, Reports Upbeat 3Q Results
Thursday, October 30, 2014 Royal Dutch Shell appoints a new chairman to its board and reports earnings six percent ahead of expectations.
Afren Evaluating Restatement of Accounts; Output Falls
Thursday, October 30, 2014 Independent oil firm Afren is looking at restating its historic financial information after the completion of an independent accounting review of unauthorized payments.
Eni Mulls Partnership with Pemex in Mexico's Upstream Sector
Thursday, October 30, 2014 Eni and Pemex sign a cooperation agreement that could pave the way to a strategic partnership between the two firms in Mexico's upstream sector.
Thailand's PTTEP 3Q Net Profit Down 16% On Year
Thursday, October 30, 2014 Thailand's PTTEP says its third quarter net profit fell 16 percent, hit chiefly by rising expenses and lower prices of crude oil that dragged down its selling prices.
Oil Services Group Technip Eases Concerns Over Oil Sector Strife
Thursday, October 30, 2014 Technip reports greater-than-expected 3Q profit and revenue, easing concerns about oil sector strife.
MOL Gets Approval for Akri-Bijeel Block Development Plan
Thursday, October 30, 2014 The Kurdistan Regional Government in Iraq approves a major new oilfield development that is majority-owned by Hungary's MOL.
Tri-Star Commences Court Proceedings Against APLNG on CSG Tenements
Wednesday, October 29, 2014 Tri-Star commences proceedings against Australia Pacific LNG seeking court orders that reversion has occurred for its 45 percent stake in coal seam gas assets in petroleum tenements and tenement applications in Queensland, Australia.
France's Total Beats 3Q Profit Forecasts, CEO To Visit Oil Leaders
Wednesday, October 29, 2014 Total's new CEO Patrick Pouyanne will embark on a tour to meet crucial contacts at oil-rich countries as the firm's 3Q profits are squeezed by falling oil prices.
SBI Offshore Appoints Mirzan Mahathir to its Board of Directors
Wednesday, October 29, 2014 SBI Offshore appoints prominent Malaysian businessman Mirzan Bin Mahathir to its board of directors.
3D Software Allows Greater Clarity in Well Completion Design
Wednesday, October 29, 2014 Baker Hughes says its new 3D completion design software addresses the need for a clear picture in the well completion design process.
Oilfield Suppliers Launch Products, Services at SPE Amsterdam
Wednesday, October 29, 2014 Rigzone takes a look at a few of the products and services that have been announced by oilfield equipment and services suppliers at this year's SPE technical conference and exhibition in Amsterdam.
NES Global Talent Establishes Office in Japan
Tuesday, October 28, 2014 NES Global opens new office in Yokohama, Japan as recruitment activity rises.
Marine Contracting Sets Up Base in Perth to Tap Growth in Australian Market
Tuesday, October 28, 2014 Marine Contracting sets up operations in Perth to tap growth opportunities in Australia's engineering and offshore marine solutions market.
DNO Appoints Regtien as its New COO
Tuesday, October 28, 2014 Middle East and North Africa-focused DNO appoints ex-Shell man Jeroen Regtien as its new chief operating officer.
Hoidi's Production Unit Inks 2 Jackup Rig Legs Construction Deal with CMHI
Tuesday, October 28, 2014 Hoidi International's production unit inks two jackup rig legs construction contract from China Merchant Heavy Industry.
Jee Ltd. Wins Pioneering Cable Solutions Gig
Tuesday, October 28, 2014 Jee Ltd. wins a contract from Scottish Enterprise to develop subsea electrical array cable solutions for tidal energy installations.
BG posts Bigger-Than-Expected Fall in Profit
Tuesday, October 28, 2014 BG Group reports a worse-than-expected, 26-percent fall in its third-quarter operating profit.
Faster ROPs behind Launch of New Drillbit Technologies
Tuesday, October 28, 2014 The desire for quicker rates of penetration in drilling has led to development of a new concept for drillbits.
Shelf Drilling Selects Drydocks World for Major Repair to High Island IV
Tuesday, October 28, 2014 Shelf Drilling awards a major repair contract for the company's High Island IV jackup to Drydocks World.
Salamander Confirms Receiving Ophir's Takeover Proposal
Monday, October 27, 2014 Salamander Energy confirms receiving a conditional proposal from Ophir Energy regarding a potential offer for the company, .
EMAS AMC Bags $70M Contracts for Work in Asia Pacific & Gulf of Mexico
Monday, October 27, 2014 Ezra's subsea services unit EMAS AMC bags over $70 million contracts for work in Asia Pacific and the Gulf of Mexico.
Energy Firm Galp's Profit More than Doubles, Beats Forecast
Monday, October 27, 2014 Portugal's Galp Energia posts a forecast-busting 112-percent increase in third-quarter profits.
Board Change at Seadrill
Monday, October 27, 2014 Orjan Svanevik replaces Carl Erik Steen on Seadrill's board.
Mexico's Pemex 3Q Loss Widens On Lower Crude Output, Prices
Friday, October 24, 2014 Pemex reports a sharply deeper 3Q loss on falling crude output and prices, the company says in a filing with the Mexican stock exchange.
InterMoor Completes Mooring Work for COOEC at China's Panyu, Enping Fields
Thursday, October 23, 2014 InterMoor completes two offshore moooring projects for China's COOEC at Panyu and Enping fields in the Pearl River Mouth basin, South China Sea.
Keppel O&M's Net Profit Grows 17% to $201.5M in 3Q 2014
Thursday, October 23, 2014 Keppel O&M's net profit grows 17 percent to $201.5 million in the third quarter of 2014, compared to $172 million a year ago.
Ocean Installer Establishes Subsea Construction Services Base in Perth
Thursday, October 23, 2014 Ocean Installer establishes office in Perth, Australia to meet demand for subsea construction services in Asia Pacific and Oceania.
Norway's Seismic Surveyors Say Hit by Lower Oil Price
Thursday, October 23, 2014 Norwegian seismic survey firms TGS and PGS report a deterioration in demand from oil companies.
Total Names Pouyanne And Desmarest To Top Positions
Wednesday, October 22, 2014 Total appoints refining head Patrick Pouyanne as chief executive and former CEO Thierry Desmarest as non-executive chairman.
Nordic Energy Strengths its Board with Two Appointments
Wednesday, October 22, 2014 Nordic Energy appoints a non-executive chairman and a non-executive director to its board.
Contract Driller Nabors' Revenue Rises On US Shale Spending
Wednesday, October 22, 2014 Nabors reported a 17% rise in revenue, its highest increase in nine quarters, as it benefited from strong spending in US shale fields.
PMI Energy Services Sets Up New Shorebase in Morgan City
Wednesday, October 22, 2014 PMI Energy Services opens a shorebase in Morgan City, Louisiana, focused on supporting shelf, coastal and inland waters production and drilling activities.
McDermott Lands T&I Contract for Bukit Tua Project Offshore East Java
Tuesday, October 21, 2014 McDermott lands a transportation, installation and pre-commissioning contract from a Petronas unit for the offshore Bukit Tua project in Ketapang block, East Java, Indonesia.
Lamprell Completes 2nd Caspian Sea Rig
Tuesday, October 21, 2014 Rig builder Lamprell completes the 'Mercury' rig for a client that will use the vessel in the Caspian Sea.
CEO: Oman Oil in Talks with Oxy to Buy Stake in Local Assets
Tuesday, October 21, 2014 Oman Oil Company is in talks with Occidental Petroleum Corporation about buying a minority stake in its assets, according to the Omani firm's CEO.
Shell Strikes Sales Deals For Nigerian Assets
Tuesday, October 21, 2014 Shell signs sales agreements for all the Nigerian oil assets it put up for sale following a 2013 review of its business in the West African country, a spokesman says.
Xcite Signs Services Deal with Baker Hughes for Bentley Field
Monday, October 20, 2014 Xcite agrees a memorandum of understanding with Baker Hughes for the provision of oilfield services for the Bentley field in the UK North Sea.
Vallianz Clinches $64M OSV Contracts in Asia, Mexico and West Africa
Monday, October 20, 2014 Vallianz Holdings clinches $64 million worth of letters of awards and charter contracts from Asia and new markets in Mexico and West Africa.
Energy Day Encourages Students to Seek STEM-Related Careers
Monday, October 20, 2014 The fourth annual Energy Day Festival in Houston set attendance records as it promoted STEM-related careers.
Nam Cheong Secures LOI, Worth $186M, for 12 Newbuild AHTS Vessels
Monday, October 20, 2014 Nam Cheong secures letters of intent, worth $186 million, to supply 12 newbuild NCA80E anchor handling tug supply vessels to five customers.
Kongsberg Signs $2.2M Drilling Software Contract with Petronas Carigali
Monday, October 20, 2014 Kongsberg signs $2.2 million drilling operations software and services contract with Petronas Carigali.
FAR Raises Funds for Senegal Drilling Program
Monday, October 20, 2014 FAR secures funds to advance a drilling program offshore Senegal in West Africa after raising $41 million through a share placement.
Songa Offshore Rig Suffers Engine Failure
Monday, October 20, 2014 Drilling firm Songa Offshore says its Songa Dee rig has suffered an engine failure.