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News Categories: Company Operations News

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Results44 articles shown

Mexico's Pemex 3Q Loss Widens On Lower Crude Output, Prices
Friday, October 24, 2014 Pemex reports a sharply deeper 3Q loss on falling crude output and prices, the company says in a filing with the Mexican stock exchange.

Ocean Installer Establishes Subsea Construction Services Base in Perth
Thursday, October 23, 2014 Ocean Installer establishes office in Perth, Australia to meet demand for subsea construction services in Asia Pacific and Oceania.

Norway's Seismic Surveyors Say Hit by Lower Oil Price
Thursday, October 23, 2014 Norwegian seismic survey firms TGS and PGS report a deterioration in demand from oil companies.

Keppel O&M's Net Profit Grows 17% to $201.5M in 3Q 2014
Thursday, October 23, 2014 Keppel O&M's net profit grows 17 percent to $201.5 million in the third quarter of 2014, compared to $172 million a year ago.

InterMoor Completes Mooring Work for COOEC at China's Panyu, Enping Fields
Thursday, October 23, 2014 InterMoor completes two offshore moooring projects for China's COOEC at Panyu and Enping fields in the Pearl River Mouth basin, South China Sea.


  



Total Names Pouyanne And Desmarest To Top Positions
Wednesday, October 22, 2014 Total appoints refining head Patrick Pouyanne as chief executive and former CEO Thierry Desmarest as non-executive chairman.

Contract Driller Nabors' Revenue Rises On US Shale Spending
Wednesday, October 22, 2014 Nabors reported a 17% rise in revenue, its highest increase in nine quarters, as it benefited from strong spending in US shale fields.

Nordic Energy Strengths its Board with Two Appointments
Wednesday, October 22, 2014 Nordic Energy appoints a non-executive chairman and a non-executive director to its board.

PMI Energy Services Sets Up New Shorebase in Morgan City
Wednesday, October 22, 2014 PMI Energy Services opens a shorebase in Morgan City, Louisiana, focused on supporting shelf, coastal and inland waters production and drilling activities.

Shell Strikes Sales Deals For Nigerian Assets
Tuesday, October 21, 2014 Shell signs sales agreements for all the Nigerian oil assets it put up for sale following a 2013 review of its business in the West African country, a spokesman says.

Lamprell Completes 2nd Caspian Sea Rig
Tuesday, October 21, 2014 Rig builder Lamprell completes the 'Mercury' rig for a client that will use the vessel in the Caspian Sea.

CEO: Oman Oil in Talks with Oxy to Buy Stake in Local Assets
Tuesday, October 21, 2014 Oman Oil Company is in talks with Occidental Petroleum Corporation about buying a minority stake in its assets, according to the Omani firm's CEO.

McDermott Lands T&I Contract for Bukit Tua Project Offshore East Java
Tuesday, October 21, 2014 McDermott lands a transportation, installation and pre-commissioning contract from a Petronas unit for the offshore Bukit Tua project in Ketapang block, East Java, Indonesia.

Xcite Signs Services Deal with Baker Hughes for Bentley Field
Monday, October 20, 2014 Xcite agrees a memorandum of understanding with Baker Hughes for the provision of oilfield services for the Bentley field in the UK North Sea.

Energy Day Encourages Students to Seek STEM-Related Careers
Monday, October 20, 2014 The fourth annual Energy Day Festival in Houston set attendance records as it promoted STEM-related careers.

Vallianz Clinches $64M OSV Contracts in Asia, Mexico and West Africa
Monday, October 20, 2014 Vallianz Holdings clinches $64 million worth of letters of awards and charter contracts from Asia and new markets in Mexico and West Africa.

Kongsberg Signs $2.2M Drilling Software Contract with Petronas Carigali
Monday, October 20, 2014 Kongsberg signs $2.2 million drilling operations software and services contract with Petronas Carigali.

Songa Offshore Rig Suffers Engine Failure
Monday, October 20, 2014 Drilling firm Songa Offshore says its Songa Dee rig has suffered an engine failure.

FAR Raises Funds for Senegal Drilling Program
Monday, October 20, 2014 FAR secures funds to advance a drilling program offshore Senegal in West Africa after raising $41 million through a share placement.

Nam Cheong Secures LOI, Worth $186M, for 12 Newbuild AHTS Vessels
Monday, October 20, 2014 Nam Cheong secures letters of intent, worth $186 million, to supply 12 newbuild NCA80E anchor handling tug supply vessels to five customers.

Neon Energy Recommends Shareholders Vote Against Evoworld's Takeover Bid
Friday, October 17, 2014 Neon Energy recommends shareholders vote against Evoworld's takeover bid for 30 percent share of the company.

Petrofac Enjoys Most Successful Year for New Contracts
Friday, October 17, 2014 Petrofac is in line to make a profit of at least $580 million in 2014 after its most successful year for new awards.

Pacific Rubiales, Pemex Set 3-Year Cooperation Deal In Mexico
Friday, October 17, 2014 Pacific Rubiales signs a three-year deal to analyze potential oil and gas cooperation in Mexico with Pemex.

Ophir CFO to Leave Company in Cost-Saving Move
Friday, October 17, 2014 Ophir Energy's CFO will leave the company on November 19 as part of a cost-saving reorganization.

Cosco, Sevan Drilling Agree to Extend Delivery Date for Sevan Developer
Friday, October 17, 2014 Cosco and Sevan Drilling agree to an extension of the delivery date for Sevan Developer semisub by 12 months.

If RWE Unit Sale to Fridman Falters, Hungary's MOL Still Keen
Thursday, October 16, 2014 MOL Group says it is still interested in buying RWE's DEA unit which holds 190 oil and gas licenses in Europe, the Middle East and North Africa if its sale to Russian billionaire is not approved.

ExxonMobil Votes With Feet To Stay In EU As Energy Laws Loom
Thursday, October 16, 2014 ExxonMobil is pouring $1 billion into an EU refinery, setting aside concerns about EU green energy rules that will cut demand for oil.

Stochastic Simulation Seals Partnership with Uzma Engineering in Malaysia
Thursday, October 16, 2014 Stochastic Simulation seals partnership with Uzma Engineering to distribute and support its products and software solutions in Malaysia.

Det Norske Completes Marathon Oil Norge Acquisition
Thursday, October 16, 2014 Det norske oljeselskap completes its acquisition of Marathon Oil Norge, with its chief executive stating there would be no redundancies as a result of the takeover.

Baker Hughes' Profit Misses on Weak Drilling Activity Outside N. America
Thursday, October 16, 2014 Oilfield services supplier Baker Hughes reports a lower-than-expected profit for the first time in five quarters.

Norwegian Seismic Surveyor PGS Warns on Profit
Wednesday, October 15, 2014 Norway's PGS cuts its 2014 earnings guidance again due to worsening demand from oil companies.

Bumi Armada, HMCL Extend Period to Execute Madura BD FPSO Contract
Wednesday, October 15, 2014 Bumi Armada and Husky-CNOOC Madura Limited extend the period for executing the floating production, storage and offloading contract for the Madura BD field offshore Indonesia.

Gazprom Neft Expands in Orenburg Region of Russia
Wednesday, October 15, 2014 Gazprom Neft completes the acquisition of OOO Yugra-Intek, giving it a license to produce oil in the Kuvaisky licensing area of the Orenburg region of southern Russia.

Gaylin Wire Receives Nod to be a Petronas License Holder in Malaysia
Tuesday, October 14, 2014 Gaylin Wire receives nod to be a licensed holder with Petronas, allowing the firm to participate in tenders involving the Malaysia's national oil company.

DNV Launches LNG & Gas Consulting Unit in Singapore
Tuesday, October 14, 2014 DNV launches an LNG and gas consulting unit in Singapore to tap business opportunities in Southeast Asia.

Apache's CFO Resigns After Eight-Month Stint
Tuesday, October 14, 2014 Apache says Alfonso Leon, its chief financial officer, is leaving the company eight months after he was appointed to the job.

Oil Producer Afren Fires CEO, 3 Other Execs In Scandal
Tuesday, October 14, 2014 Afren sacks its chief executive, chief operating officer and two associate directors after an independent review into unauthorized payments found evidence of "gross misconduct".

Speedcast Lands Satellite Communications Deal for 12 EMAS AMC Vessels
Tuesday, October 14, 2014 Speedcast lands a multi-year contract to provide satellite network connectivity for 12 EMAS AMC's vessels.

Sources: UAE Asks Oilfield Bidders For 2-Month Offer Extension
Tuesday, October 14, 2014 UAE asks bidders for its biggest onshore oilfields to extend their offers until Dec. 31, as it considers bringing in Asian firms after decades-long partnerships with western majors.

Wood Group Mustang Awarded TLP Contract by Statoil
Tuesday, October 14, 2014 Wood Group Mustang wins the pre-FEED contract for the proposed Snorre C tension leg platform from Statoil.

Aberdeen Event to Focus on Professional Development
Monday, October 13, 2014 Young professionals from across the oil and gas sector will come together in an Aberdeen event focusing on career development.

Targa Resources and Affiliate to Buy Atlas Pipeline and Atlas Energy
Monday, October 13, 2014 Targa Resources is to buy Atlas Energy's midstream assets for $1.9 billion, while its Target Resources Partners unit will buy Atlas Pipeline Partners for $4 billion.

India's Reliance Posts Profit Rise, Plans To Invest $9B
Monday, October 13, 2014 Reliance reports a rise in profits that beat forecasts, helped by stronger refining margins, and said it would invest up to $9 billion in the next two quarters.

Aban Offshore Clinches $182.7M Deals to Supply 2 Jackups to ONGC
Monday, October 13, 2014 Aban Offshore clinches $182.66 million contracts to supply two jackups to ONGC for drilling operation offshore India.