News Categories: Company Operations News
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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.
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.
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.
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.
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.
Songa Offshore Rig Suffers Engine Failure
Monday, October 20, 2014 Drilling firm Songa Offshore says its Songa Dee rig has suffered an engine failure.
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.
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.
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.
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.
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.
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.
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.
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".
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.
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.
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.
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.
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.
Saipem, Xodus and Chiyoda Launch New Firm to Tap Growth in Subsea Market
Friday, October 10, 2014 Saipem, Xodus and Chiyoda establish Xodus Subsea to tap growth in the subsea engineering market.
Faroe Completes Acquisition of Schooner and Ketch Fields
Friday, October 10, 2014 Faroe Petroleum acquires from Tullow Oil majority interests in the Schooner and Ketch fields in the UK zone of the southern North Sea.
US Rig Count Up 8 To 1,930
Friday, October 10, 2014 Baker Hughes says the number of rigs exploring for oil and natural gas in the US increased by eight this week to 1,930.
Swissco Bags $17M Contracts for 3 OSVs to Operate in the Middle East
Friday, October 10, 2014 Swissco Holdings bags chartering contracts amounting to $17.3 million to supply three offshore support vessels for deployment in the Middle East.
WellDog, Shell to Commercialize Novel Shale Gas Testing Service
Thursday, October 09, 2014 WellDog is working with Shell to adapt a sensor technology used in coalbed methane for locating sweet spots in shale gas formations.
Earthstream Sees Most Subsea Firms in Singapore Raising Head Count by 20%
Thursday, October 09, 2014 Three-fifths of Earthstream's subsea-focused clients in Singapore plan to raise head count by 20 percent or more this year.
Newbuild COSLProspector Semisub Commences Sea Trial Offshore China
Thursday, October 09, 2014 CIMC Raffles reports that newbuild COSLProspector semisub moves a step towards delivery as it commences sea trial offshore China.
Lego To Drop Shell Contract But Criticizes Greenpeace
Thursday, October 09, 2014 Lego criticizes Greenpeace's actions towards Shell and does not give a concrete reason for not renewing the contract.
Mussabeh Al Kaabi Takes Over as CEO of Mubadala Petroleum
Thursday, October 09, 2014 Mubadala Petroleum names Mussabeh Al Kaabi to succeed Maurizo La Noce as CEO.
Mermaid Maritime Raises Stake in Subtech Saudi Arabia
Thursday, October 09, 2014 Mermaid Maritime raises stake in Subtech Saudi Arabia to boost its business presence in Saudi Arabia.
OMV Board Panel Recommends Cutting Short CEO Contract
Thursday, October 09, 2014 OMV CEO Gerhard Roiss and the head of the company's gas division may see their tenures cut short before they run out in 2017, according to an Austrian newspaper.
Petronas Upbeat on BC Government's Stance on Pacific Northwest LNG Project
Wednesday, October 08, 2014 Petronas is encouraged by the commitment of the British Columbia government regarding the Pacific Northwest LNG project in Canada.
Norwegian Shipping Tycoon Plans To Merge Dry Bulk Shipping Assets
Wednesday, October 08, 2014 John Fredriksen plans to merge his dry bulk shipping arms Golden Ocean and Knightsbridge Shipping in an attempt to fight off a downturn in the sector and create one of its biggest fleets.
Encana To Sell Some Natural Gas Assets In Alberta For $541M
Wednesday, October 08, 2014 Encana says it would sell some of its natural gas assets in southern and central Alberta for about C$605 million as it focuses on more lucrative oil and natural gas liquids.