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News Categories: Company Operations News

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Results50 articles shown

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.

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.

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.

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.


  



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.

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.

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.

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.

Honghua Offshore Inks $320M LOA to Construct Semisub for Orion
Tuesday, August 19, 2014 Honghua Offshore inks letter of award, worth $320 million, with Orion to construct a semisubmersible rig.

Nam Cheong Receives Orders for 4 Offshore Support Vessels for $90M
Tuesday, August 19, 2014 Nam Cheong sells four vessels, comprising a platform supply vessel, an accommodation work barge and two anchor handling towing supply vessels, for $90 million.

Oil Search Half-Year Profit Tops Forecasts As PNG LNG Flows
Tuesday, August 19, 2014 Oil Search beat forecasts with a 34% rise in half-year profit, boosted by the start of exports from the PNG LNG project which is expected to quadruple the company's output in 2015.

Mermaid Maritime Rebrands Subsea Buiness Units, Reorganizes Business
Tuesday, August 19, 2014 Thailand-based Mermaid Maritime rebrands subsea business units and reorganizes the firm's subsea business.

SBI Offshore Bags $24M Design, Engineering Services Deal for a Jackup
Tuesday, August 19, 2014 SBI Offshore bags a $24 million deal with a Middle East-Chinese consortium to provide design and engineering services for a jackup.

MPM-Nam Cheong JV Secures $27M Contract to Supply Accommodation Work Vessel
Tuesday, August 19, 2014 The Marco Polo Marine-Nam Cheong joint venture secures a $27 million five-year contract to provide an accommodation work vessel, which will be built by Nam Cheong.

Cairn Energy Says Funded Through to Forecast Free Cash Flow in 2017
Tuesday, August 19, 2014 UK-based oil explorer Cairn Energy believes it has enough funds to finance its exploration and development plans until profit in three years' time.

Spain's Tecnicas Reunidas Wins $1.5B Contract in Malaysia
Monday, August 18, 2014 Spanish oil engineering firm Tecnicas Reunidas wins a $1.5-billion turnkey contract in Malaysia.

Turret for Shell's Prelude FLNG En Route from Dubai to SHI's Geoje Yard
Monday, August 18, 2014 Shell reports that the giant turret module for the Prelude floating liquefied natural gas facility has set sail from Dubai for Samsung Heavy Industries shipyard at Geoje, South Korea.

Norwegian Union Settles Oil Industry Workers' Pay Dispute
Monday, August 18, 2014 SAFE accepts a pay deal for workers with oil service companies, calling off a strike that would have affected a Norwegian unit of Baker Hughes, an industry body says.

Harkand Wins 3-Year Deal to Support Apache North Sea
Monday, August 18, 2014 Aberdeen-based oilfield services firm Harkand wins a three-year contract to support Apache North Sea.

$150 Million Convention Center Eyed For North Dakota Oil Patch
Monday, August 18, 2014 A subsidiary of The Prime Group says it plans to build a $150 million convention center in Williston, North Dakota.

Pertamina CEO to Resign in Oct for Personal Reasons
Monday, August 18, 2014 Pertamina CEO Karen Agustiawan will resign in October for person reasons.

Pertamina CEO to Resign in October for Personal Reasons
Monday, August 18, 2014 The head of Indonesian state energy firm Pertamina will resign in October for personal reasons, and a director will be appointed on an interim basis until a replacement can be found, a company spokesman says.

Swissco Bags $94M Charter Contracts to Supply 4 MODUs
Friday, August 15, 2014 Four subsidiaries of Swissco's unit Scott and English Energy bag charter contracts to supply four mobile offshore drilling units to an oil major for work in Latin America.

Sources: Linn Energy Taps Banks For $2B Oil Asset Sale
Friday, August 15, 2014 Linn Energy hires banks to sell its oil production assets in the Texas Panhandle and western Oklahoma in an auction that could raise as much as $2 billion, according to people familiar with the matter.

Eland Agrees to Buy 40% Interest in Ubima Field
Friday, August 15, 2014 Eland Oil & Gas agrees to buy a 40-percent interest in Nigeria's Ubima field from Allgrace Energy.

Aquatic Asia Pacific Relocates Regional Headquarters to Singapore
Thursday, August 14, 2014 Aquatic Asia Pacific relocates its regional headquarters to Singapore.

AziPac Appoints Coastal Energy's Former CEO Frank Inouye as MD
Thursday, August 14, 2014 AziPac appoints former CEO of Coastal Energy Frank Inouye as managing director of the newly established exploration and production company.

Ambassador Gives Update on Takeover Offer by Magnum Hunter, Drillsearch
Thursday, August 14, 2014 Ambassador Oil & Gas provides an update on the takeover offer by Magnum Hunter Resources and Drillsearch Energy.

Petrofac Awarded Engineering Contract in Malaysia
Wednesday, August 13, 2014 Petrofac wins an engineering, procurement, construction and commissioning contract in Malaysia.

Swiber's 1H 2014 Net Profit Rises to $63M, Up 68.3% YOY
Wednesday, August 13, 2014 Swiber posted a 68.3 percent increase in net profit to $63 million in the first half of 2014, with the gains attributed largely to higher other operating income arising from the disposal of the firm's subsidiaries.

Zenith Energy Wins Tullow, Total Contracts
Wednesday, August 13, 2014 Scottish well management specialist Zenith Energy signs agreements with Tullow Oil and Total E&P.

Cosco Wins $470M Contracts to Build 4 Subsea Supply Vessels for Maersk
Wednesday, August 13, 2014 Cosco (Dalian) Shipyard secures $470 million contracts to build 4 subsea supply vessels for Maersk Supply Services.

CIMC Raffles Delivers Jackup Coastal Driller 4001 to Coastal Contracts
Wednesday, August 13, 2014 CIMC Raffles delivers newbuild jackup Coastal Driller 4001 to Malaysia's Coastal Contracts in Yantai, China.

Hunting Energy Services Bags $18M Supply Contracts for Asia
Wednesday, August 13, 2014 Hunting Energy Services bags $18 million contracts to supply wireline equipment to clients in Asia.

UAE's TAQA Swings to Quarterly Profits; Pulls Out of Talks in Iraq, India
Wednesday, August 13, 2014 Abu Dhabi National Energy Company (TAQA) swings into second-quarter profits and confirms a shift in its strategy.

Petronas 2Q Net Profit Jumps 38% On Output Gains, Higher Demand
Wednesday, August 13, 2014 Malaysia's Petronas sees 2Q net profit increase by 38%, driven by stronger oil production and sales of liquefied natural gas (LNG).

NES Boosts Subsurface Expertise in Australia to Meet Regional Demand
Tuesday, August 12, 2014 NES Global Talent strengthens subsurface expertise in Australia to meet demand in Australia, New Zealand and Papua New Guinea.

Five Greka Drilling Rigs Arrive in India
Tuesday, August 12, 2014 Greka Drilling says that five of its GD75 rigs have arrived in India ahead of a 100-well drilling campaign for Essar Oil.

Aker and DNV in Collaboration Deal
Tuesday, August 12, 2014 Aker Solutions and DNV GL sign a deal that aims to lead to better technology collaboration and project execution between the two firms.

3D Oil Shareholders Agree to Transfer 20% Stake in Permit VIC/P57 to HIREX
Tuesday, August 12, 2014 3D Oil shareholders agree to transfer 20 percent stake in exploration permit VIC/P57 located offshore Victoria, Australia to Hirex.

OMV Profit Drops as Libya Crisis Boosts Costs
Tuesday, August 12, 2014 Austria's OMV sees its underlying operating profit halve during the second quarter of 2014.

Schlumberger Expects Russia Sanctions To Hurt Earnings
Tuesday, August 12, 2014 Schlumberger expects US and EU sanctions on Russia to hurt earnings during the third quarter.

TAM International Sets Up Shop in Downtown Denver
Monday, August 11, 2014 TAM International opens a new sales office in Denver to better service the growing customer base in the region.

Texas Energy Firm Worker Killed In Egypt
Monday, August 11, 2014 An American employee of Apache was killed last week in an apparent carjacking in the western Egyptian desert, officials say.

CAT Oil Keeps Outlook Despite Russia Sanctions
Monday, August 11, 2014 CAT Oil sticks to its 2014 outlook despite Western economic sanctions against Russia.

Brightoil Petroleum Buys Anadarko's China Unit For $1.05B
Monday, August 11, 2014 Brightoil Petroleum buys Anadarko Petroleum Corporation's China unit for $1.05 billion in a major push into the upstream segment.

Enbridge Says No Plans To Imitate Kinder Morgan Consolidation
Monday, August 11, 2014 Enbridge says it has no plans to imitate rival Kinder Morgan's $44B plan to consolidate its publicly traded units into a single company.

Singapore's KrisEnergy Buys Out Chevron In Cambodian Oil Block
Monday, August 11, 2014 KrisEnergy agrees a $65 million deal to buy out Chevron's interest in an offshore oil block in Cambodia and take over as the block's operator.

Schlumberger Wins $185M Statoil Drilling Contract
Friday, August 08, 2014 Norway's Statoil awards Schlumberger a $185-million two-year contract to provide integrated drilling services for several fields on the Norwegian Continental Shelf.

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