News Categories: Company Operations News
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Landbridge Makes Unsolicited Takeover Bid for Westside
Monday, March 10, 2014 Landbridge makes an unsolicited takeover bid for Westside Corp., a coal seam gas producer with significant uncontracted gas reserves and exploration interests in Queensland, Australia.
Tamar Partners to Sign $750M Natgas Deal with Israel's Delek
Sunday, March 09, 2014 The partners in Israel's Tamar natural gas field expect to sign a deal soon to supply around $750 million of gas to IPP Delek Soreq.
Rosneft Challenges Gazprom Monopoly to Export Russian Pipeline Gas
Friday, March 07, 2014 Rosneft wants to break the monopoly of another Russian state-owned energy company, Gazprom, to export gas via pipelines, according to sources.
Libyan Premier Underscores Importance of Eni
Friday, March 07, 2014 Libya's prime minister confirms the importance of Italian oil and gas group Eni to the country.
Hunting Profit Flat on Weak North Sea, Canada
Thursday, March 06, 2014 Energy services firm Hunting posts a flat profit as a lack of drilling in the North Sea and Canada hits demand for equipment and services.
Genel Energy's Profit Up, Oil Output Outlook Improves
Thursday, March 06, 2014 Genel Energy reports a strong rise in profits after its first year of exporting oil from Iraqi Kurdistan.
Singapore, UK Researchers Launch Joint Lab for Marine, Offshore R&D
Thursday, March 06, 2014 A*STAR and University of Southampton launch a joint laboratory in Singapore to develop technological solutions for the maritime, energy and offshore sectors.
Niche Products Unveils Facility in Brazil
Thursday, March 06, 2014 Niche Products announces that the formal establishment of Niche Produtos do Brasil is now underway.
Wood Group Wins New North Sea Contract from Chevron
Wednesday, March 05, 2014 Oilfield services firm wins an extension contract from Chevron North Sea Limited, its second deal with Chevron North Sea in six months.
Subsea 7 Remains Positive despite Weak EPIC Market
Wednesday, March 05, 2014 Oilfield services firm Subsea 7 remains positive about medium and long-term prospects for its business in spite of a weak market for EPIC contracts.
Perdana Petroleum's Unit Receives $16M Accommodation Barge Contract
Wednesday, March 05, 2014 Perdana Petroleum's unit Intra Oil Services receives a $15.9 million deal to provide an accommodation barge to Ocean Pro Offshore.
Independent Oil & Gas Buys Cronx Discovery
Wednesday, March 05, 2014 Independent Oil & Gas buys UK license block 48/22a, which contains the 'Cronx' gas discovery.
COSL Delivers COSL7 Module Rig, Heads to Gulf Of Mexico to Prepare for Work
Wednesday, March 05, 2014 COSL announces that COSL7 module rig has been delivered and is headed for the Gulf of Mexico for installation of modules and pre-operation testing.
Ezra Clinches $125M Contracts to Work in Asia Pacific, West Africa
Wednesday, March 05, 2014 Ezra Holdings clinches subsea construction and offshore support contracts in Asia Pacific and West Africa totaling $125 million.
Ezion Signs $87.6M Contract to Supply Jackup to South Asian NOC
Wednesday, March 05, 2014 Ezion Holdings signs a $87.6 million contract to supply a jackup to a South Asian national oil company.
Malaysia's Petronas 4Q Profits Jump 45% on Output Boost
Tuesday, March 04, 2014 Petronas posts a 45.4% jump in fourth-quarter profit thanks to exploration successes boosting output.
DNV GL Triples Size of New Laboratory in Singapore
Tuesday, March 04, 2014 DNV GL triples the size of its new laboratory in Singapore to deliver innovative and integrated solutions for the marine and offshore industries.
BP To Establish US Shale Assets As Separate Unit
Tuesday, March 04, 2014 BP plans to separate its onshore US oil and gas assets into a new wholly-owned business to improve the competitiveness of its shale gas portfolio there.
Keppel FELS to Build a High-Specification Jackup for TS Offshore for $500M
Tuesday, March 04, 2014 Keppel FELS receives a $500 million contract to build an ultra-high specification jackup for TS Offshore.
Total Seeks Entries to its Robot Competition
Tuesday, March 04, 2014 France's Total is seeking design proposals from industry and academia for its Autonomous Robot for Gas & Oil Sites concept.
Loyz Acquires 20% Stake in 3 Onshore Blocks in Thailand for $65M
Monday, March 03, 2014 Loyz Energy acquires 20% stake in 3 onshore concessions in Thailand's Phetchabun Basin from Carnarvon Petroleum for $65 million.
Otto Marine Names Norshore Atlantic MPDV in Ceremony at Batam Shipyard
Monday, March 03, 2014 Otto Marine holds a naming ceremony for the "Norshore Atlantic" multipurpose drilling vessel at its Batam yard in Indonesia.
Ceona Names New Offshore Construction Vessel
Monday, March 03, 2014 Offshore services firm Ceona names its new high-capacity, flexible pipelay vessel the Polar Onyx at a ceremony in Norway.
AGC's Unit Bags $155M Scaffolding Works Contract for Ichthys LNG Project
Monday, March 03, 2014 AGC's subsidiary MAS Australasia bags a $155 million scaffolding works contract for Australia's Ichthys liquefied natural gas project.
Tyler to Succeed Gammell as Cairn Chairman
Monday, March 03, 2014 Cairn Energy says Sir Bill Gammell will retire as its chairman in May, with non-exec director Ian Tyler taking over the role.
EnQuest Completes Greater Kittiwake Acquisition
Monday, March 03, 2014 EnQuest completes the acquisition of several assets in the North Sea's Greater Kittiwake Area, boosting its production by 2,000 barrels per day.
Swissco Buys MODU, Service Rigs Provider Scott and English Energy for $225M
Monday, March 03, 2014 Swissco Holdings enters the offshore rig chartering business by acquiring Scott and English Energy for $225 million.
Lamprell Sells Services Division to Pay Down Debt
Monday, March 03, 2014 Rig maker Lamprell sells its International Inspection Services division to Intertek for $66 million.
Saudi Aramco Names Saadan Senior VP of Finance and Strategy
Sunday, March 02, 2014 Saudi Aramco names Abdallah Al Saadan as senior vice-president of finance, strategy and development.
Aker Sees Positive Future after Record Subsea Order Backlog
Friday, February 28, 2014 Aker achieves record orders at its Subsea business and sees a positive short-term outlook for the oilfield services sector.
DNV GL Opens New Asia Pacific Headquarters in Singapore
Friday, February 28, 2014 DNV GL consolidates regional operations at its new Asia Pacific headquarters in Singapore.
Subsea 7 Wins Hebron Field Contract Offshore Canada
Friday, February 28, 2014 ExxonMobil awards Subsea 7 a $75-million deal to supply three years of subsea construction services to the Hebron heavy oil field development, offshore Canada.
Odfjell to Take Delivery of 'Deepsea Aberdeen' Rig by November
Friday, February 28, 2014 Odfjell Drilling says a revised schedule will see it take delivery of the 'Deepsea Aberdeen' rig by November this year.
Rig Salvage Work off Angola LNG to Start in 2Q
Friday, February 28, 2014 Salvage work to remove a capsized drilling rig offshore Angola is due to start during the second quarter, says Saipem.
Swiber Records Net Profit of $91M in 2013, Up 45% YOY
Friday, February 28, 2014 Swiber Holdings reports a 45.3 percent rise in net profit for 2013 to $90.9 million, compared to $62.5 million a year ago, with the increase due to strong revenue growth, especially from Southeast Asia.
Texas Tech Celebrates New Petroleum Engineering Building
Friday, February 28, 2014 Texas Tech University celebrates the opening of its new petroleum engineering facility.
Total To Sell its 10% Stake in Azeri Shah Deniz II Gas Field
Friday, February 28, 2014 Total is in talks to sell its 10% stake in the Shah Deniz II gas field, making it the second energy major to reduce its exposure to a project promoted to help Europe diversify its supplies.
PPL Shipyard Inks $214.3M Contract to Build Jackup for Marco Polo Drilling
Thursday, February 27, 2014 Sembcorp Marine's unit PPL Shipyard signs a $214.3 million contract to build a jackup for Marco Polo Drilling.
Rockhopper Appoints New CFO
Thursday, February 27, 2014 Rockhopper Exploration appoints Stewart MacDonald as its new CFO.
Jurong Shipyard Wins $1.08B Contracts to Build 2 Drillships for Transocean
Thursday, February 27, 2014 Jurong Shipyard clinches two contracts, worth $1.08 billion, to build two ultra-deepwater drillships for a subsidiary of Transocean.
GDF Increases Gas Production Target as it Boosts Capex
Thursday, February 27, 2014 GDF Suez aims to increase gas production to as much as 63 million barrels of oil equivalent by 2016 as it increases its capital spending budget in pursuit of growth.
Apache Sets 2014 Spending At $8.5B, N. America A Focus
Wednesday, February 26, 2014 Apache expects to spend $8.5B on exploration and production this year, with most of this investment earmarked for drilling wells onshore North America.
UAE'S TAQA Says CEO Carl Sheldon To Step Down
Wednesday, February 26, 2014 Abu Dhabi National Energy Company CEO Carl Sheldon steps down.
Mermaid Maritime's Subsea, Drilling Divisions Lift Firm's Net Profits
Wednesday, February 26, 2014 Mermaid Maritime reports that revenue growth in its subsea and drilling divisions lifted the firm's net profits to its highest level in five years.
Oil Services Must Take On More Risk, Petrofac CEO Warns
Wednesday, February 26, 2014 Petrofac CEO says oil services companies will have to assume more risk in coming years as investor pressure and a flat crude price make clients push harder to avoid delays on megaprojects.
SeaBird Sees 'Moderate' Seismic Market Improvement
Wednesday, February 26, 2014 SeaBird Exploration says it is currently seeing a "moderate improvement" in global seismic demand amid a general softening in the market.
Weir Group Pegs Growth Hopes on Upstream Spending
Wednesday, February 26, 2014 Pumps and valves firm Weir Group plans to capitalize on an increase its oil and gas customers' upstream spending.
Sembcorp Marine's Rig Sector Posts 38% Revenue Increase to $948M
Tuesday, February 25, 2014 Sembcorp Marine posts a 38 percent increase in revenue for rig building sector in the fourth quarter of 2013 to $948.3 million.
Seadrill Sees Bigger Drilling Market Slowdown
Tuesday, February 25, 2014 Seadrill expects the drilling market to slow over the next two years as energy firms focus on saving cash for dividend payments and delay exploration projects.
RH Petrogas Provides Update on 4Q Profit Guidance, Writes-Off $29M
Tuesday, February 25, 2014 RH Petrogas provides an update on profit guidance for the fourth quarter, including a write-off of approximately $29 million.
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