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News Topics: Oilfield Services

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Baker Hughes Profit Rises as North American Margins Improve
Thursday, April 17, 2014 Baker Hughes posts better-than-expected results as revenue in its core North American business rose nearly 7%, sending its shares up about 4% in premarket trading.

Schlumberger Hurt By Reduced Drilling, Weak Pricing In Latam
Thursday, April 17, 2014 Schlumberger reports a profit that beat analysts' estimates, but revenue fell short of expectations due to reduced drilling and pricing pressure in Latin America.

Eurasia Drilling 1Q Sales Down on Rouble, Restructuring
Thursday, April 17, 2014 Russia's Eurasia Drilling Company reports 12-percent fall in 1Q sales due to a weaker rouble and client restructuring.

Singapore's Keppel Corp 1Q Net Profit Falls 5%
Wednesday, April 16, 2014 Rig maker Keppel sees first quarter net profit drop 5%.

Stable North American Market Drives Revenues at Enteq
Wednesday, April 16, 2014 More stable North American markets drive revenue growth at Enteq.

Technip Wins its Largest-Ever Subsea Contract
Wednesday, April 16, 2014 A consortium including Technip and Heerema wins a $3.5-billion contract from Total for subsea work on the Kaombo project offshore Angola.

Saipem Awarded Angola Contracts Worth More Than $4B By Total
Wednesday, April 16, 2014 Italian oilfield services group Saipem wins two contracts worth $4B from Total.

Iraq Approves S.Korea's Daewoo $588.8M Oilfield Contract
Tuesday, April 15, 2014 Iraq's cabinet approves a $588.8M oilfield service contract with Daewoo Engineering & Construction for the development of the Zubair oil field.

China Inc Joins the Big League in Oil and Gas Services
Tuesday, April 15, 2014 Global oil companies are increasingly turning to China for services and equipment, attracted by lower costs and a newly acquired expertise that is challenging more established rivals.

Aker Wins $2.4B Subsea Contract Offshore Angola
Tuesday, April 15, 2014 Total awards Aker Solutions a $2.4B subsea contract for work offshore Angola.

BW Offshore Gives Up Polvo Field Stake
Monday, April 14, 2014 BW Offshore chooses to terminate letter of intent that would have allowed it to acquire 30 percent of the Polvo field, offshore Brazil.

Malaysia's Kulim to List Oil & Gas Services Unit
Monday, April 14, 2014 Malaysia's Kulim plans to list its oil and gas services subsidiary, E. A. Technique.

KCA Deutag Clinches Contract from ExxonMobil for Canada's Hebron Project
Monday, April 14, 2014 KCA Deutag clinches a drilling operations and maintenance services contract from ExxonMobil for the Hebron Project offshore Canada.

AGR Wins Well Management Contract with OMV
Thursday, April 10, 2014 Norwegian driller AGR wins a new well management services contract from Austria's OMV.

Floatec Installs P-61 TLWP in Papa Terra Field in the Campos Basin
Thursday, April 10, 2014 Floatec installs the P-61 tension leg wellhead platform in the Papa Terra field in the Campos Basin offshore Brazil.

Ezion, AusGroup Ink MOU to Collaborate in Australia
Thursday, April 10, 2014 Ezion Holdings inks a memorandum of understanding with AusGroup to collaborate in the provision of logistics supply chain and related support services in Australia.

GE's Angolan JV Delivers 1st Subsea Equipment Order
Wednesday, April 09, 2014 An Angolan joint venture involving GE Oil & Gas delivers its first subsea production tree for a development in the Atlantic Ocean.

Aker Wins Subsea Manifold Deal with Petrobras
Wednesday, April 09, 2014 Aker Solutions wins a $300 million-plus contract with Petrobras to supply subsea manifolds designed to boost oil recovery from deep-water fields offshore Brazil.

Seadrill Plans up to $305M Selldown in Malaysia's SapuraKencana
Wednesday, April 09, 2014 Seadril plans to sell up to $305 million worth of shares in Malaysian oil and gas services firm SapuraKencana, according to a term sheet of the deal.

UK Well Services Firm Attracts VC Investment
Wednesday, April 09, 2014 UK well services firm RMEC receives $12.5 million investment aimed at helping its growth in the North Sea region.

Songa Offshore Expects to Secure Financing for Remaining Rigs
Tuesday, April 08, 2014 Songa Offshore is confident it can raise the debt it needs to pay for the last two rig new-builds it has ordered, according to its CEO.

British Engineer Kentz Appoints Meg Lassarat CFO
Friday, April 04, 2014 Energy sector engineer Kentz Corporation appoints former UniversalPegasus International executive as its new CFO.

Odfjell Drilling Takes Major Stake in Robotic Drilling Systems
Friday, April 04, 2014 Odjfell Drilling takes a major stake in Robotic Drilling Systems, the owner of a robotic drill-floor system aimed at improving safety and efficiency in drilling operations.

Petrobras Setbacks Threaten 2014 Oil Production Targets
Friday, April 04, 2014 Petrobras suffers another setback in its effort to boost oil output after a steel pipe drops into the Atlantic Ocean.

Seadrill Wins $319M Jackup Contracts
Wednesday, April 02, 2014 Offshore driller Seadrill wins $319 million of contracts for its jack-up rigs.

Former Aker Well Intervention Businesses Restructured
Tuesday, April 01, 2014 Qinterra completes the restructuring and rebranding of two well-intervention businesses it acquired from Aker Solutions earlier this year.

Malaysia's SapuraKencana Bags More than $450M Drilling Contracts
Tuesday, April 01, 2014 Malaysian oil and gas services firm SapuraKencana wins more than $450 million of drilling contracts in SE Asia and Africa.

Wood Group Acquires Canadian Pipeline Consultancy
Tuesday, April 01, 2014 Wood Group pays $13 million for Canadian pipeline consulting firm Sunstone Projects.

Malaysia's Icon Offshore Plans Estimated $150 Million IPO
Thursday, March 27, 2014 Oilfield support firm Icon Offshore plans to list on the Kuala Lumpur Stock Exchange and raise $150 million.

Lamprell Back in Profit, Warns Revenue Lower in 2014
Wednesday, March 26, 2014 Oil rig maker Lamprell reports a pre-tax profit of $40 million for 2013 after heavy losses in 2012.

Petrofac Awarded Oil, Gas Facility Contract in Oman
Monday, March 24, 2014 Petrofac wins a contract with Petroleum Development Oman to supply engineering and procurement services to Oman's Rabab Harweel Integrated Project.

Malaysia's SapuraKencana 4th Quarter Profit Nearly Triples
Monday, March 24, 2014 Oil and gas services firm SapuraKencana sees profits almost treble thanks to strong contributions from its newly-acquired tender rig business.

Dolphin Wins New 3D Seismic Contract in South America
Monday, March 24, 2014 Seismic survey firm Dolphin Geophysical wins a new 3D seismic data acquisition contract offshore South America.

CEO: Subsea 7's Guara-Lula on Schedule but More Difficulties Possible
Thursday, March 20, 2014 Subsea 7's troubled $1 billion ultra-deep Guara-Lula project in Brazil is still on track to finish offshore work this year, although there may be more difficulties with the project.

Zenith Wins 'Significant' Contract to Drill UK Well
Thursday, March 20, 2014 UK-based well engineering start-up Zenith wins its first full well-management service deal.

Prosafe Signs $443M, 3-Yr Rig Deal in Norway
Monday, March 17, 2014 Offshore accommodation supplier Prosafe signs a deal to provide its Safe Scandinavia vessel for three years of work in Norway.

Abu Dhabi's Gulf Marine Services Makes Muted London Debut
Friday, March 14, 2014 Abu Dhabi-based oil and gas services business Gulf Marine Services struggles to spark investor interest.

Cape Buys Engineering Contractor Motherwell Bridge
Tuesday, March 11, 2014 UK industrial services firm Cape buys Scottish engineering contractor Motherwell Bridge in a $63-million deal.

SeaBird Wins South American 2D Seismic Contract
Thursday, March 06, 2014 SeaBird Exploration wins a $9-million contract for its Osprey Explorer to acquire 2D seismic data in South America.

Hunting Profit Flat on Weak North Sea, Canada
Thursday, March 06, 2014 Energy services firm Hunting posts a flat profit as a lack of drilling in the North Sea and Canada hits demand for equipment and services.

Ezra Clinches $125M Contracts to Work in Asia Pacific, West Africa
Wednesday, March 05, 2014 Ezra Holdings clinches subsea construction and offshore support contracts in Asia Pacific and West Africa totaling $125 million.

Wood Group Wins New North Sea Contract from Chevron
Wednesday, March 05, 2014 Oilfield services firm wins an extension contract from Chevron North Sea Limited, its second deal with Chevron North Sea in six months.

Subsea 7 Remains Positive despite Weak EPIC Market
Wednesday, March 05, 2014 Oilfield services firm Subsea 7 remains positive about medium and long-term prospects for its business in spite of a weak market for EPIC contracts.

Seadrill Expects High Rig Rates In African Contracts
Tuesday, March 04, 2014 Seadrill is likely to get higher-than-expected rig charter rates in forthcoming African contracts, even while rates fall across the industry, its CFO says.

Ceona Names New Offshore Construction Vessel
Monday, March 03, 2014 Offshore services firm Ceona names its new high-capacity, flexible pipelay vessel the Polar Onyx at a ceremony in Norway.

Lamprell Sells Services Division to Pay Down Debt
Monday, March 03, 2014 Rig maker Lamprell sells its International Inspection Services division to Intertek for $66 million.

Odfjell to Take Delivery of 'Deepsea Aberdeen' Rig by November
Friday, February 28, 2014 Odfjell Drilling says a revised schedule will see it take delivery of the 'Deepsea Aberdeen' rig by November this year.

Hallin Marine Completes Subsea Project at Thailand's Bualuang Oil Field
Friday, February 28, 2014 Hallin Marine completes an urgent subsea survey and repair project at Bualang oil field in B8/38 concession in the Gulf of Thailand.

Subsea 7 Wins Hebron Field Contract Offshore Canada
Friday, February 28, 2014 ExxonMobil awards Subsea 7 a $75-million deal to supply three years of subsea construction services to the Hebron heavy oil field development, offshore Canada.

DNV GL Opens New Asia Pacific Headquarters in Singapore
Friday, February 28, 2014 DNV GL consolidates regional operations at its new Asia Pacific headquarters in Singapore.

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