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Eni CEO Shake-up Puts Saipem on Block in Exploration Gambit
Friday, August 01, 2014 Eni lays out plans to sell assets, including a multi-billion dollar stake in oil service firm Saipem, and downsize its ailing refinery business to help fund its transformation into a leaner oil and gas outfit.
PETRONAS Wins Asia's Best Empoyer Brand Award
Friday, August 01, 2014 Malaysia's PETRONAS wins the fifth Asia's Best Employer Brand Awards 2014.
Rosneft Closes Weatherford Rigs Deal
Friday, August 01, 2014 Rosneft closes a deal to acquire land drilling and work-over assets from Weatherford.
Yinson Optimistic About Growth Potential in FPSO Market
Friday, August 01, 2014 Yinson Holdings is optimistic about growth potential in the floating production, storage and offloading segment.
MUA Withdraws Notice to Strike at Mermaid Dampier Supply Base in WA
Thursday, July 31, 2014 The Maritime Union of Australia withdraws notice to go on strike at the Mermaid Dampier Supply Base in Western Australia.
Chiyoda-CB&I JV Bags FEED Contract for Golden Pass LNG Export Project
Thursday, July 31, 2014 The Chiyoda-CB&I joint venture bags a front end engineering design services contract for the Golden Pass liquefied natural gas export project near Sabine Pass, Texas.
Thai Bangchak to Buy Stake in Australia's Nido Petroleum
Thursday, July 31, 2014 Thai oil refiner Bangchak Petroleum's subsidiary signs a deal to buy a 19.66 percent stake in Australian oil-and-gas explorer Nido Petroleum Ltd for $20.7 million.
Shell Quarterly Profit Beats Forecasts Despite Impairments
Thursday, July 31, 2014 Shell reports a 33% increase in quarterly earnings, beating analyst forecasts.
Enel CEO Says Not Wise to Sell Russia Assets at Moment
Thursday, July 31, 2014 Italy's Enel is not considering the sale of its Russian assets at the moment, says its CEO.
Oil Explorer Afren Suspends CEO, COO Pending Investigation
Thursday, July 31, 2014 Independent explorer Afren temporarily suspends its CEO and COO pending an investigation into unauthorized payments.
Centrica 1H Profits Fall 35% On Weather Woes
Thursday, July 31, 2014 Centrica posts a 35% fall in operating profit for the first half of the year.
Stochastic Simulation Appoints Leo Mullins as Managing Director
Thursday, July 31, 2014 Australia's Stochastic Simulation appoints Leo Mullins as new managing director.
BG Group Profits Rise but Egypt Woes Weigh
Thursday, July 31, 2014 BG Group beats forecasts with a rise in second-quarter profits.
BAM Clough JV Completes Design, Construction Contract for Ichthys Project
Wednesday, July 30, 2014 BAM Clough Joint Venture completes the design and construction contract of a module offloading facility for the Ichthys liquefied natural gas project near Darwin, Northern Territory, Australia.
Shell's Pearl GTL: The Largest Gas-To-Liquids Plant In The World
Wednesday, July 30, 2014 As well as being the biggest, Pearl GTL is also one of the most complex and challenging energy projects in the world.
Whiting Petroleum Profit Beats As Bakken Production Surges
Wednesday, July 30, 2014 Whiting Petroleum posts a better-than-expected quarterly profit as oil and natural gas production jumped across the company's wells in North Dakota and Colorado's shale formations.
Tullow Sinks into Red but Confident Africa Strategy Will Pay Off
Wednesday, July 30, 2014 Tullow drifts into the red after writing off more than $400 million in exploration costs.
WorleyParsons Clinches Brownfield EPCM Contract for Woodside's NWS Project
Tuesday, July 29, 2014 WorleyParsons clinches engineering, procurement and construction management services contract from Woodside for Western Australia's North West Shelf Project.
New Zealand's PEPANZ Appoints Cameron Madgwick as CEO
Tuesday, July 29, 2014 The Petroleum Exploration & Production Association of New Zealand appoints Cameron Madgwick as the organization's new CEO.
Talisman Steers Clear Of Repsol Comment, Posts 2Q Loss
Tuesday, July 29, 2014 Talisman Energy reported a surprise loss, hurt by lower gas prices in North America and higher royalty payments on production.
BP Profit Jumps But Warns Of Russia Sanctions Impact
Tuesday, July 29, 2014 BP reports a sharp rise in second-quarter profits but warns that further sanctions on Russia could harm its business there.
Saipem Wins $850M of Drilling Contracts
Tuesday, July 29, 2014 Saipem wins $540 million of offshore drilling contracts stretching from Latin America to Indonesia, along with $310 million of onshore drilling contracts.
Petrofac Wins Shah Deniz 2 Project Work
Tuesday, July 29, 2014 Petroface win s $5 million maintenance build contract for the Shah Deniz 2 project in Azerbaijan.
Rose Moves from Ophir to Premier to Take Up FD Role
Monday, July 28, 2014 Premier Oil appoints Richard Rose as its new finance director.
Portugal Galp Profit Falls Less than Expected
Monday, July 28, 2014 Portugal's Galp Energia posts a smaller-than-expected fall in second-quarter net profit after a drop in its refining margins.
Gulf Marine Sees Extensions to Vessel Contracts
Monday, July 28, 2014 Gulf Marine Services sees contract extensions for two of its Small Class vessels.
Technip Holds Naming Ceremony for New Subsea Vessel
Monday, July 28, 2014 Technip names its new subsea construction vessel 'North Sea Atlantic' at a ceremony in Norway.
Sources: Eni to Revive Saipem Sale Plans
Friday, July 25, 2014 The new management of Italy's Eni plans to press on with the sale of a controlling stake in oil services subsidiary Saipem so it can focus on the more lucrative business of finding oil and gas, sources said.
Statoil Cut 1,000 Jobs during 2Q
Friday, July 25, 2014 Statoil reduces its headcount by around 1,000 employees and may cut up to 400 more positions.
Farstad Receives $282M Charter Contracts to Supply AHTS, PSVs
Friday, July 25, 2014 Farstad Shipping receives $282 million in charter contracts to supply anchor handling tug supply and platform supply vessels.
Brazil Regulator Approves Petrobras Plan to Upgrade Marlim Field
Friday, July 25, 2014 Brazil's oil regulator ANP approves a plan by Petrobras to renew its development plan for the Marlim offshore oil field, one of the country's largest.
Rosneft Lines Up Anti-Sanctions Measures, Net Income Up
Friday, July 25, 2014 Russia's biggest oil producer Rosneft says it has been seeking ways to cope with the negative impact of international sanctions, as it reported higher net income Helped by a stronger rouble.
Keppel O&M's Second Quarter Net Profit Rises 14% to $216M
Friday, July 25, 2014 Keppel Offshore & Marine's second quarter net profit increases 14 percent from last year to $216 million as revenue rises 13 percent to $1.64 billion.
Noble Energy's Profit Beats As Output From US Fields Rises
Thursday, July 24, 2014 Noble Energy reports better-than-expected profit for 2Q thanks to a rise in production from wells in the Marcellus shale and the Denver-Julesburg basin.
Cosco Nantong Delivers Jackup Kai Xuan Yi Hao to Asian Buyer
Thursday, July 24, 2014 Cosco Nantong delivers newbuild jackup Kai Xuan Yi Hao to its Asian buyer.
Repsol Profit Tops Forecasts On Surprise Refining Strength
Thursday, July 24, 2014 Repsol beats quarterly profit forecasts as a surprise surge in refining margins helps cushion production declines due to shutdowns in Libya.
Serbian Oil Company NIS 1H Profits Fall
Thursday, July 24, 2014 Serbia's NIS reports a five-percent fall in first-half profit and will have to cut spending on projects in the second half.
BW Offshore Takes 100% Ownership of Petroleo Nautipa FPSO
Thursday, July 24, 2014 BW Offshore pays almost $60 million to take complete ownership of the Petroleo Nautipa FPSO vessel.
Nakilat-Keppel O&M Bags $110M Contracts from Gulf Drilling International
Thursday, July 24, 2014 Gulf Drilling International awards $110 million contracts to Nakilat-Keppel Offshore & Marine to build a liftboat and to repair and maintain its fleet of jackups.
Ezion Sells Two Australian Subsidiaries to AusGroup for $44M
Thursday, July 24, 2014 Ezion Holdings inks agreement to sell its two Australian subsidiaries to AusGroup for $44 million.
Talisman Says Approached By Spain's Repsol About Deal
Wednesday, July 23, 2014 Talisman says it has been approached by Repsol, a day after a report that the Spanish oil producer was considering a bid for Canada's No. 5 oil company.
Unipetrol Sees Positive Impact from Acquisition of Rafinerska Stake
Wednesday, July 23, 2014 Czech oil processing firm Unipetrol expects a $20-million positive impact from the pending acquisition of a 32-percent stake in Ceska Rafinerska by ENI.
Semco, PV Shipyard Set Up Vung Tau Rig Services to Serve Southeast Asia
Wednesday, July 23, 2014 Semco Maritime and PetroVietnam Marine Shipyard establish Vung Tau Rig Services to repair, refurbish and upgrade rigs in Southeast Asia.
Kongsberg Bags $53M Contracts from Chinese, South Korean Shipbuilders
Wednesday, July 23, 2014 Kongsberg Maritime bags $53.3 million contracts from Chinese and South Korean shipyards for 13 advanced newbuild offshore vessels.
Max Petroleum Says Reviewing Strategic Options
Tuesday, July 22, 2014 Max Petroleum says it was reviewing strategic options, including a sale.
Technics Wins $14M Gas Compressor, Plant Maintenance Deal in Indonesia
Tuesday, July 22, 2014 Technics Oil and Gas wins a $13.84 million contract for lease and maintenance of gas compressor equipment as well as plant maintenance in Indonesia.
Swissco's Shareholders Approve Firm's Acquistion of Scott and English
Tuesday, July 22, 2014 Swissco's shareholders approve the company's $225 million acquisition of Scott and English Energy at an extraordinary general meeting.
Semisub Barge POSH Mogami Sinks Off Indonesia's Batam Island, 3 Dead
Monday, July 21, 2014 Three people were killed when POSH Mogami sank off Batam, Indonesia. The semisubmersible barge was undergoing submerging trials Friday.
Swire's New PSV Pacific Legacy Named at Japan's Maizuru Shipyard
Monday, July 21, 2014 Swire Pacific Offshore names newbuild platform supply vessel Pacific Legacy at Maizuru Shipyard in Japan.
Sembawang Shipyard Bags $480M Contract from Saipem for 2 FPSO Conversions
Monday, July 21, 2014 Sembawang Shipyard bags a $480 million contract for the conversion of two floating production,storage and offloading vessels for the Kaombo project offshore Angola.
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