News Categories: Company Operations News
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Sembcorp Marine's 1Q 2015 Net Profit Falls 14% to $79.74M, Revenue Down 2%
Tuesday, April 28, 2015 Sembcorp Marine's first quarter 2015 net profit fell 14 percent from a year ago to $79.74 million, while revenue declined 2 percent to $978.1 million due to a fall in rig building and repair revenue.
Otto Marine Repays Debt to Get Winding Up Application Withdrawn
Tuesday, April 28, 2015 Otto Marine repays an outstanding debt as it updates on a winding up application filed with the Singapore High Court.
Carimin Partners MOS, PAI to Provide Offshore Support Services in SEA, ME
Tuesday, April 28, 2015 Malaysia's Carimin enters into agreements with two Middle Eastern partners to provide offshore support services in Southeast Asia and the Middle East.
Malaysia's FVSB Bags PETRONAS' Contract for PFLNG1 Facility
Monday, April 27, 2015 Malaysia's FPSO Ventures bags a marine operations and maintenance services deal from PETRONAS for the latter's first floating liquefied natural gas facility.
Creditor Applies to Singapore High Court to Wind Up Otto Marine
Monday, April 27, 2015 Otto Marine faces an application by its creditor to wind up the Singapore-based offshore marine group that specializes in the subsea and deepsea segment.
Precision Drilling's Profit Beats Estimates As Costs Fall
Monday, April 27, 2015 Precision Drilling reports a 76.4% drop in its quarterly profit.
Galp's Upstream Business Hit by Fall in Oil Price
Monday, April 27, 2015 Portugal's Galp Energia reports that 1Q profits in its exploration and production business segment were hit by lower oil prices.
Petrobras Says Non-Government Board Member Monforte Resigns
Monday, April 27, 2015 Jose Guimar„es Monforte quit the board of directors of Petrobras Friday.
Japan's Inpex Wins 5% Stake in New Abu Dhabi Oil Concession
Monday, April 27, 2015 Japan's Inpex Corporation becomes the first Asian oil company to get a stake in a new 40-year onshore oil concession in Abu Dhabi.
Singapore's EMS Energy, Koastal to Merge in $112.6M Deal
Monday, April 27, 2015 EMS Energy to merge with Koastal Group in a $112.6 million deal to set up an integrated offshore and marine services provider in Singapore.
Chesapeake Reaches $25M Michigan Settlement Over Leasing Charges
Friday, April 24, 2015 Chesapeake will create a $25 million compensation fund as part of a settlement of antitrust, fraud and racketeering charges brought by the state of Michigan.
Enterprise Products Wins Verdict against Energy Transfer Partners
Friday, April 24, 2015 A Houston district court jury finds Energy Transfer Partners breached its contract with competitor Enterprise Products Partners LP.
Pink Petro's CEO Mehnert Bags Vanguard Award
Friday, April 24, 2015 Pink Petro CEO and Founder Katie Mehnert received the Vanguard Award in recognition of Mehnert's commitment to developing a pipeline of talent in STEM careers at the luncheon.
Ithaca Agrees to Sell Norwegian Business to Hungary's MOL
Friday, April 24, 2015 North Sea-focused Ithaca Energy agrees to sell its Norwegian business to Hungary's MOL for $60 million.
Norway's Giant Sverdrup Oil Field Could Face Delay, Cost Overrun
Friday, April 24, 2015 The start of Norway's 2.3 billion barrel Johan Sverdrup oil field may be delayed and costs could exceed forecasts but the project could break even at about half of the current oil price, authorities say.
Baker Hughes: US Oil Rig Count Decline Quickened This Week
Friday, April 24, 2015 The fall in US rigs drilling for oil quickened a bit this week suggesting a recent slowdown in the drilling decline was temporary.
Betting on Oil Price Recovery, Statoil Snips Where Rivals Slash
Thursday, April 23, 2015 Statoil cuts investments less than any other oil major this year, positioning for a crude price recovery.
Sino G&E Raises $62M in Share Placement, to Fund China Gas Assets
Thursday, April 23, 2015 Sino Gas & Energy raises $62 million in share placement, with the funds to be used for its China unconventional gas projects.
Oil Services Company Weatherford Raises Job Cuts Target to 10,000
Thursday, April 23, 2015 Oil services company Weatherford increases the total number of employees it is looking to lay off in 2015 to 10,000 as it copes with the fall in oil prices.
Worldwide Recruitment Solutions Opens Singapore Office to Expand in Asia
Thursday, April 23, 2015 Global energy recruiter Worldwide Recruitment Solutions opens an office in Singapore to expand in Asia.
Lloyds Energy Eyes Near-Shore FLNG Project
Thursday, April 23, 2015 Lloyds Energy eyes near-shore floating liquefied natural gas project.
BP to Sell UK Gas Pipeline Stake to Infrastructure Fund
Thursday, April 23, 2015 BP agrees to sell its stake in one of Europe's biggest pipelines to Antin Infrastructure Partners.
Dutch Engineer Arcadis Collateral Victim of Brazil Scandals
Thursday, April 23, 2015 Dutch engineer Arcadis sees a sharp drop in revenues from Brazil amid fallout from corruption scandals in the Brazilian oil and gas industry.
Malaysian Firm Sells Drilling Rig for $223M
Wednesday, April 22, 2015 Coastal Contracts sells a jack-up rig for $223 million.
Sembawang Shipyard Bags Teekay's $41M Gina Krog FSO Conversion Project
Wednesday, April 22, 2015 Sembcorp Marine's unit Sembawang Shipyard bags a $41.4 million floating storage and offloading conversion contract from Teekay for the Gina Krog field in the North Sea.
Transocean Names New CEO
Tuesday, April 21, 2015 Transocean announces that Jeremy D. Thigpen has been named President and Chief Executive Officer effective April 22.
BP Readies Defenses as Oil Industry Responds to Shell's BG Raid
Tuesday, April 21, 2015 As the oil industry takes stock of Shell's $70 billion move for BG, one company has more to chew on than most. BP is now thinking what was once unthinkable: that it could be next in the cross-hairs.
OPITO Enters into China's Oil, Gas Training Provider Sector
Tuesday, April 21, 2015 OPITO marks entry into China with the accreditation of Shenzhen Safeway Technology Service in Guangdong Province.
Contract Driller Nabors Posts 10.5% Fall In Revenue
Tuesday, April 21, 2015 Nabors' quarterly revenue falls 10.5%, hurt by slower drilling activity in North America, and the company says it cut its workforce by more than 18% since the end of 2014.
Laggan-Tormore Project Causes More Woe for Petrofac
Monday, April 20, 2015 Petrofac incurs a further $195 million loss after adverse weather conditions and industrial action cause delays on the Laggan-Tormore gas plant project in the Shetlands.
Encana Says to Explore Sale of Haynesville Gas Properties
Monday, April 20, 2015 Encana is seeking buyers for its natural gas properties in Louisiana as it focuses on drilling for oil and other liquids in Texas and Canada, according to sources.
Atwood Osprey's Drilling Contract Shortened by a Year
Monday, April 20, 2015 Atwood Oceanics reports that Atwood Osprey's current drilling contract has been shortened by a year.
Venezuela Wants Oil Firm Harvest Out, If It Can Find Deep-Pocketed Buyer
Monday, April 20, 2015 Venezuela would prefer Harvest Natural Resources to leave the country, but wants it to sell a project stake to a company with financial muscle to make major investments, PDVSA says.
Reliance's 4Q FY15 Oil, Gas Revenue Declines 10.2% to $402.8M
Monday, April 20, 2015 Reliance's oil and gas revenue declines 10.2 percent in the fourth quarter of 2015 to $402.08 million, down from $447.68 million a year ago.
Lundin Appoints New Operations VP
Monday, April 20, 2015 Sweden's Lundin Petroleum appoints Nick Walker to head development and operations.
Seadrill Unit's Deal with Russia's Rosneft Postponed Again
Friday, April 17, 2015 Seadrill subsidiary North Atlantic Drilling delays closing a cooperation deal with Rosneft amid western sanctions against Russia.
Schlumberger Impresses With Cost Cuts, Resilient Margins
Friday, April 17, 2015 Schlumberger reports a smaller-than-expected fall in 1Q margins as it continues to execute tight cost controls to combat a decline in drilling activity.
Keppel O&M Records 1Q 2015 Net Profit of $150.4M, Down 12% YOY
Friday, April 17, 2015 Keppel Offshore & Marine posted a net profit of $150.4 million in the first quarter of 2015, down 12 percent from a year ago.
Total, BP Feel No Pressure To Make Acquisitions After Shell
Thursday, April 16, 2015 France's Total and British rival BP say they aren't under pressure to make acquisitions after Shell's recent takeover of BG Group.
Ezra's Subsea Division EMAS AMC Clinches $55M Contracts
Thursday, April 16, 2015 Ezra Holdings' subsea division EMAS AMC clinches $55 million contracts from several oil and energy companies.
Madagascar Oil Awarded 25-Year Development Title for Tsimiroro Block
Thursday, April 16, 2015 Madagascar Oil is awarded a 25-year 'Development Mining Title' for the Block 3104 Tsimiroro production sharing contract.
Petrobras Says Has No Plans to Sell Sub-Salt Oil Fields
Thursday, April 16, 2015 Petrobras says it has no plans to sell sub-salt oilfields in a divestment program aimed at shoring up its finances.
Otto Marine Delivers 4 OSVs, Including 2 AHTS, to Pertamina's Subsidiary
Thursday, April 16, 2015 Otto Marine delivers four offshore support vessels, including two anchor handling tug supply vessels, to PT Pertamina Trans Kontinental at its yard in Batam, Indonesia.
Woodside's 1Q 2015 Sales Revenue Falls 16%, Hit by Low Oil Prices
Wednesday, April 15, 2015 Woodside's sales revenue falls 15.9% to $1.408 billion in 1Q 2015 despite a 3% rise in sales volume, with the decline attributed to lower oil prices.
UMW Commences Arbitration as Frontier Breaches UMW Naga 7 Contract
Wednesday, April 15, 2015 UMW Offshore Drilling commences arbitration in Singapore regarding a breach of contract by Philippines' Frontier Drilling for the UMW Naga 7 jackup.
CEO: Petronas Not Cutting Pay Or Staff
Wednesday, April 15, 2015 Petronas denies a media report that said staff at one of its units were asked to take a pay cut due to the plunge in global oil prices.
Wintershall Strengthens Position in Southern North Sea
Wednesday, April 15, 2015 German oil and gas producer Wintershall plans to step up its activities in the southern North Sea.
Statoil Board Member Resigns to Avoid Conflict of Interest
Wednesday, April 15, 2015 Catherine Hughes resigns from Statoil's board to avoid potential conflict of interest after "a recent change of circumstances".
Bumi Armada Lands $300M LNG FSU Contracts for EGM in Malta
Wednesday, April 15, 2015 Bumi Armada's subsidiaries ink $300 million contracts to supply, operate and maintain a liquefied natural gas floating storage unit for ElectroGas Malta.