Results50 articles shown
DSME Files Complaint with LMAA Over Songa Offshore's Newbuild Semisubs
Friday, July 31, 2015 Daewoo Shipbuilding & Marine Engineering seeks arbitration for Songa Offshore to compensate the firm for losses incurred due to delays in construction of four semisubs.
Arup Becomes Latest Member of Marginal Field Delivery Consortium
Friday, July 31, 2015 Arup signs a collaboration agreement with ABT Oil and Gas, an Enegi-ABTechnology joint venture, to become the latest member of the Marginal Field Delivery Consortium.
Oil Producer Afren's Board to Put Company into Administration
Friday, July 31, 2015 Africa-focused independent producer Afren's board decide to put the company into administration after failing to secure support for a restructuring plan.
MEO Appoints Andrew Purcell, Michael Sandy as Company Directors
Friday, July 31, 2015 MEO Australia appoints Andrew Purcell and Michael Sandy as non-executive directors of the company.
Yinson-Premuda JV to Acquire FPSO Four Rainbow to Bid for Future Projects
Friday, July 31, 2015 Malaysia's Yinson Holdings enters joint venture with Italy's Premuda to acquire a floating production storage and offloading vessel for $65.6 million, with the facility to be used for bidding in future tenders.
Sources: China's Sinopec in Major Shakeup of Overseas Unit
Friday, July 31, 2015 Sinopec is relocating nearly 40 percent of its staff in its global exploration and production unit back to its headquarters, in a major shakeup aimed at cutting costs and boosting efficiency, company sources say.
TransCanada Stands By Keystone XL; Profit Beats
Friday, July 31, 2015 TransCanada is still committed to building the Keystone XL pipeline despite stubborn opposition in the US that has thrown the project into regulatory limbo.
Spain's Repsol Says to Maintain Capex Thanks to Talisman
Thursday, July 30, 2015 Spain's Repsol will maintain exploration capex at around $4.5 billion this year and next thanks to its takeover of Talisman.
Sembcorp Marine's 2Q 2015 Net Profit Falls 17% to $79.6M, Revenue Down 10%
Thursday, July 30, 2015 Sembcorp Marine's second quarter 2015 net profit falls 17 percent to $79.58 million compared to $96.37 million a year ago as low oil prices continue to have an adverse impact.
Occidental Petroleum Quarterly Profit Drops 85%
Thursday, July 30, 2015 Occidental Petroleum Corporation says its quarterly profit fell 85 percent as crude oil prices plunged from last year's levels.
Boustead, Olio Resources Submit Joint Bids for Malaysian Upstream Projects
Thursday, July 30, 2015 Boustead Holdings and Olio Resources submit jointly bids for two upstream oil and gas projects in Malaysia.
Australia's Peak Well Systems Launches FlexiDrift
Thursday, July 30, 2015 Australia's Peak Well Systems launches FlexiDrift for accurate adjustable drift runs in a single tool.
Alam Maritim Clinches Repair, Maintenance Contract from PETRONAS Carigali
Wednesday, July 29, 2015 Alam Maritm clinches a contract from PETRONAS Carigali to provide repair and maintenance work over a two year period.
Total Sells West of Shetland Assets after Robust 2Q Performance
Wednesday, July 29, 2015 French oil major Total is to sell minority interests in a handful of West of Shetland fields after producing a robust performance during the second quarter of 2015.
Billionaire Ambani Said to Weigh Sale of US Shale Holdings
Wednesday, July 29, 2015 Indian billionaire Mukesh Ambani's Reliance Industries is weighing a sale of its US shale gas investments, people with knowledge of the matter said.
Malaysia's MHB Posts $14.2M Net Profit in 1H 2015 on Revenue of $341.9M
Wednesday, July 29, 2015 Malaysia's MHB posts net profit of $14.2 million for first half 2015 on a revenue of $341.9 million amid a challenging business environment in the offshore sector.
Senex Energy Appoints New Chief Financial Officer
Wednesday, July 29, 2015 Senex Energy Limited will appoint Graham Yerbury as its chief financial officer, effective October 2015.
Petsec Energy Opens Dubai Office to Support MENA Operations
Wednesday, July 29, 2015 Petsec Energy opens office in Dubai, United Arab Emirates to support its operations in the Middle East and North Africa.
Subsea 7 to Cut Costs by $550 Million, Increases Vessel Reduction Plan
Wednesday, July 29, 2015 Subsea 7 will cut costs by approximately $550 million by early 2016, confirming plans to axe employees and vessels first announced in May this year.
PTS Warns UK Seafarers to be Prepared for Regulatory Changes
Tuesday, July 28, 2015 Petrofac Training Services warns UK seafarers to be prepared for upcoming changes to the Standards of Training, Certification and Watchkeeping, which are due to come into force on January 1, 2017.
Mexico's Pemex Posts Wider 2Q Loss On Lower Prices, Output
Tuesday, July 28, 2015 Pemex reports a bigger second-quarter loss, weighed down by a nearly 10% slide in crude output.
Trapoil Merges with Jersey Oil and Gas
Tuesday, July 28, 2015 Junior energy firms Trapoil and Jersey Oil and Gas agree to merge.
Dayang Increases Stake in Malaysia's Perdana Petroleum to 51.21%
Tuesday, July 28, 2015 Dayang Enterprise's proposed takeover of Malaysia's Perdana Petroleum becomes unconditional after gaining more than 50 percent ownership of the latter.
BP Misses 2nd Quarter Profit Forecast on Spill Charge
Tuesday, July 28, 2015 BP misses 2Q 2015 profit expectations due to a $9.8 billion pre-tax charge related to the 2010 Macondo oil spill.
Statoil CEO Sees Oil at $80 by 2018
Tuesday, July 28, 2015 Statoil CEO Eldar Saetre sees the price of oil climbing to $80 per barrel by 2018.
Technip Secures Subsea Tie-in Contract for PETRONAS' PFLNG1 Facility
Tuesday, July 28, 2015 Technip secures an engineering, procurement, construction, installation and commissioning contract from Petronas Carigali for the tie-in of Petronas FLNG1 facility to KAKG-A platform in Kanowit field, offshore East Malaysia.
Sterling Sees Acquisition Opportunities amid Low Oil Price
Monday, July 27, 2015 Africa-focused Sterling Energy intends to take advantage of the low oil price by buying 'quality' exploration assets from distressed players in the oil and gas sector.
Goodrich Sells Chunk of Eagle Ford: More Buying Time for Rebound
Monday, July 27, 2015 Goodrich Petroleum is selling key acreage in the Eagle Ford Shale to buy some liquidity and pay off some debt. But questions remain about whether it's enough to survive commodity prices.
Saudi Arabia's Sabic Considering Shale Gas Investments in US
Monday, July 27, 2015 Saudi Basic Industries Corp. plans to expand investment in US shale gas projects through joint ventures, according to acting CEO Yousef al Benyan.
San Leon Energy Non-Executive Director Resigns
Monday, July 27, 2015 San Leon Energy's long-standing non-executive director Jeremy Boak resigns, after accepting a position as a director of the Oklahoma Geological Survey at The University of Oklahoma.
Seeking to Build a Better Proppant
Monday, July 27, 2015 Rigzone follows up with some of the winners of Statoil and GE's first Open Innovation Challenge to reduce the amount of sand proppant used in unconventional operations.
Petro-king Secures $24.3M Technical Service Deal from China's Xi'an Katwell
Friday, July 24, 2015 Petro-king secures a $24.3 million technical service contract with China's Xi'an Katwell Energy Technology Co.
Roxi Petroleum Agrees BNG Royalty Cancellation Deal
Friday, July 24, 2015 Roxi Petroleum enters into an agreement with Canamens Limited and Sector Spesit IV, a sub-fund of Sector Umbrella Trust, to cancel future royalty payments due to them from production at Roxi's BNG asset, located in Kazakhstan.
Keppel O&M's 2Q 2015 Net Profit Falls 36% to $126M, Non-Drilling Focus Now
Friday, July 24, 2015 Keppel Offshore & Marine registers a 36 percent decline in net profit for second quarter 2015 to $126.2 million amid a slump in new rig demand as the firm now focus more on capturing business from the non-drilling market.
Saipem Hires Bain to Get in Shape for Cheaper Oil
Friday, July 24, 2015 Italian oil contractor Saipem is working with consultant Bain & Company to draw up a restructuring plan to help it cut costs and counter falling oil prices.
KBR Wins Fort Hills Oil Sands Mining Work
Friday, July 24, 2015 Engineering and construction firm KBR wins a contract to work on the Fort Hills Oil Sands Mining Project in Canada.
Aggreko Issues Profit Warning Due to Oil, Gas Slowdown
Friday, July 24, 2015 UK temporary power firm Aggreko sees lower profit for this year due to a slowdown in the oil and gas market.
Vissim Secures Marine Radar System Contract for Johan Sverdrup Facility
Friday, July 24, 2015 Vissim secures a contract to supply, install and commission a marine radar system for the Statoil operated Johan Sverdrup facility.
CB&I Secures Maintenance Contract worth $60 Million
Thursday, July 23, 2015 CB&I secures a contract worth approximately $60 million with a major energy company to provide maintenance services for 3 separate oil sands facilities in Alberta, Canada.
DNV Launches JIP with South Korean Yards to Reduce Project Cost by 15%
Thursday, July 23, 2015 DNV GL launches joint industry project with South Korean yards to reduce project cost by 15 percent.
Europa Raises Funds Ahead of UK, Irish License Awards
Thursday, July 23, 2015 Europa raises funds ahead of license round awards in the UK and Ireland.
Offshore Driller Hercules Says Weeks From Bankruptcy
Thursday, July 23, 2015 Hercules Offshore, stung by slumping demand for drilling services in older Gulf of Mexico oilfields, says it plans to file for creditor protection in about three weeks.
Freeport-McMoRan Profit Beats Expectations; Shares Slide
Thursday, July 23, 2015 Freeport-McMoran reports an unexpectedly strong adjusted profit as sales of the metals and oil it produces rose, but its hefty debt load swelled and it also posted a big net loss.
Singapore's Keppel 2Q Profit Falls 2% as Rig Business Falters
Thursday, July 23, 2015 Singapore's Keppel Corporation sees its 2Q net profit fall two percent due to a weak performance in its offshore and marine unit.
Trials Underway for Wireless Mesh Communications Device
Thursday, July 23, 2015 Testing is underway for a new communications device with expanded use for kinetic mesh technology.
Statoil, GE Unveil Winners of First Open Innovation Challenge
Wednesday, July 22, 2015 Statoil and GE unveil winners of first Open Innovation Challenge to find solutions for reducing sand use in unconventional operations.
Keppel Inks $684M Floating Liquefaction Facility Conversion Deal with Golar
Wednesday, July 22, 2015 Keppel Shipyard inks a $684 million floating liquefaction facility conversion contract with Golar LNG's unit.
Golar LNG Gets $960M Financing Commitment from CSSC for GoFLNG Hilli
Wednesday, July 22, 2015 Golar LNG receives commitment from CSSC Shipping Co. to finance $960 million of the conversion cost of the GoFLNG Hilli facility now under construction at Singapore's Keppel Shipyard.
FMC Technologies Plans Further Headcount Reductions
Wednesday, July 22, 2015 FMC Technologies plans to implement further workforce reductions amid a challenging North America land market.
Cairn India Says Tie-up with Parent Vedanta is on Track
Tuesday, July 21, 2015 Cairn India's CEO says the firm's proposed merger with parent Vedanta is "on track".
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