Results48 articles shown
TGS: $65 Million Revenue Loss in 2Q 2015
Thursday, July 30, 2015 TGS reveals a net revenue loss of $65 million in the second quarter of 2015, compared to the same period last year.
Boustead, Olio Resources Submit Joint Bids for Malaysian Upstream Projects
Thursday, July 30, 2015 Boustead Holdings and Olio Resources submit jointly bids for two upstream oil and gas projects in Malaysia.
Alam Maritim Clinches Repair, Maintenance Contract from PETRONAS Carigali
Wednesday, July 29, 2015 Alam Maritm clinches a contract from PETRONAS Carigali to provide repair and maintenance work over a two year period.
Subsea 7 to Cut Costs by $550 Million, Increases Vessel Reduction Plan
Wednesday, July 29, 2015 Subsea 7 will cut costs by approximately $550 million by early 2016, confirming plans to axe employees and vessels first announced in May this year.
Aggreko Issues Profit Warning Due to Oil, Gas Slowdown
Friday, July 24, 2015 UK temporary power firm Aggreko sees lower profit for this year due to a slowdown in the oil and gas market.
Vissim Secures Marine Radar System Contract for Johan Sverdrup Facility
Friday, July 24, 2015 Vissim secures a contract to supply, install and commission a marine radar system for the Statoil operated Johan Sverdrup facility.
Saipem Hires Bain to Get in Shape for Cheaper Oil
Friday, July 24, 2015 Italian oil contractor Saipem is working with consultant Bain & Company to draw up a restructuring plan to help it cut costs and counter falling oil prices.
Singapore's Keppel 2Q Profit Falls 2% as Rig Business Falters
Thursday, July 23, 2015 Singapore's Keppel Corporation sees its 2Q net profit fall two percent due to a weak performance in its offshore and marine unit.
CB&I Secures Maintenance Contract worth $60 Million
Thursday, July 23, 2015 CB&I secures a contract worth approximately $60 million with a major energy company to provide maintenance services for 3 separate oil sands facilities in Alberta, Canada.
CGG Secures TPDC Data Acquisition Contract
Tuesday, July 21, 2015 CGG secures a data acquisition contract from the Tanzanian Petroleum Development Corporation.
Schlumberger Remains 'Very Confident' amid Downturn
Friday, July 17, 2015 Schlumberger remains "very confident" in its capacity to weather the current downturn in oil and gas better than competitors in spite of a 12% fall in 2Q revenue.
Uzma Clinches Contract from PETRONAS Carigali for D18 WIF Project off Sabah
Tuesday, July 14, 2015 Uzma clinches a leasing, operation and maintenance contract, worth $92 to $105 million, from PETRONAS Carigali for the D18 Water Injection Facility offshore Sabah, Malaysia.
TGS to Conduct New 3D Seismic Survey Offshore Canada
Monday, July 13, 2015 TGS says it will conduct a new multi-client 3D seismic survey offshore eastern Canada this summer.
North Atlantic Drilling Secures Extension for West Phoenix Rig
Friday, July 10, 2015 North Atlantic Drilling is awarded a contract extension worth $62 million for its West Phoenix semisubmersible rig.
Baker Hughes Secures 8-Year Production Chemicals Contract from Statoil
Thursday, July 09, 2015 Baker Hughes secures an 8 year contract from Statoil to design and supply production chemicals to the offshore Norne and Aasta Hansteen fields, located in the Norwegian Sea.
Sub-Atlantic Secures Second ROV Deal with AALEA
Thursday, July 09, 2015 Sub-Atlantic wins a second ROV contract with Italian subsea services provider AALEA.
EMAS AMC-LTHE JV Signs 6 Year Deal with Saudi Aramco for Offshore Work
Wednesday, July 08, 2015 The EMAS AMC-Larsen & Toubro Hydrocarbon Engineering joint venture signs a six year long term agreement with Saudi Aramco for offshore projects in Saudi Arabia.
Global Maritime DSM Clinches Deal with Woodside for Work at Julimar Field
Wednesday, July 08, 2015 Global Maritime Deep Sea Mooring clinches a mooring and rig positioning contract with Woodside for work at the Julimar field offshore Australia.
Aqualis Wins Rig Support Contract Offshore Mexico
Monday, July 06, 2015 Consultancy Aqualis Offshore wins a contract with Perforadora Mexico to support the transportation and installation of a rig for a fixed platform offshore Mexico.
UK's Hunting Warns of Profit Slump as Rig Counts Fall Further
Thursday, July 02, 2015 Oilfield services firm Hunting warns operating profit may slide by up to 75 percent this year as weak oil prices lead to ongoing cuts in drilling.
Global Maritime DSM Bags Mooring, Rig Positioning Deal from Quadrant Energy
Wednesday, July 01, 2015 Global Maritime Deep Sea Mooring bags a contract to provide mooring and rig positioning services to Quandrant Energy for a semisub and a jackup on Australia's North West Shelf.
Statoil to Suspend Saipem Rig Contract
Wednesday, July 01, 2015 Norway's Statoil will suspend a rig contract with Italy's Saipem due to overcapacity in its rig portfolio.
Otto Marine Lands $131M in New Orders in 2Q 2015, Lifted by Chartering Unit
Tuesday, June 30, 2015 Otto Marine secures $131 million contract in new orders in the second quarter, thanks largely to its chartering business.
Technip Wins Topsides Contract with Jurong Shipyard
Tuesday, June 30, 2015 France's Technip is awarded a topsides engineering and procurement services contract by Singapore's Jurong Shipyard.
SeaZip Wins Partnership Deal with Heerema Marine Contractors
Tuesday, June 30, 2015 Dutch maritime logistics firm wins a partnership agreement with offshore oil and gas construction firm Heerema Marine Contractors.
Swire Oilfield Services Secures 5 Year Contract with Weatherford in Brazil
Monday, June 29, 2015 Swire Oilfied Services secures a five year contract with Weatherford in Brazil.
Statoil Cancels China Oilfield Services Rig Contract
Wednesday, June 24, 2015 Statoil cancels a rig contract with China Oilfield Services 13 months ahead of the expiry date, blaming overcapacity in its rig portfolio.
Neptune Completes Grouting Project at Cakrawala Field Off Malaysia
Tuesday, June 23, 2015 Australia's Neptune Marine Services completes a displacement pile grouting project for Hyundai Heavy Industries at the Cakrawala field in the Malaysia-Thailand Joint Development Area.
McDermott Secures Sizeable Services Contract in Gulf of Mexico
Tuesday, June 23, 2015 McDermott International secures a sizeable lump sum services contract from LLOG Exploration Offshore, in support of the Otis development located in the Gulf of Mexico.
Petrofac Secures $400M of Repeat UK Orders
Friday, June 19, 2015 Oilfield services firm Petrofac secures $400 million of contract renewals for operations and maintenance work on the UK Continental Shelf.
Harkand Begins Decom Work in the Leadon Field with Maersk Oil
Thursday, June 18, 2015 Oilfield engineering services firm Harkand begins decommissioning work on the UK Continental Shelf, supporting Maersk Oil UK's work in the Leadon field.
National Oilwell Varco to Cut 1,500 Norwegian Jobs
Wednesday, June 17, 2015 US oilfield equipment maker National Oilwell Varco will cut its Norwegian workforce by 1,500 by the end of 2015, it says.
Statoil contributes $1.5 billion to UK Supply Chain
Wednesday, June 17, 2015 Contracts awarded by Statoil to the UK supply chain have surpassed $1.5 billion, Statoil Production UK's Managing Director Gunnar Breivik confirmed Wednesday.
ASCO Secures North Sea Services Contract with Marathon Oil
Wednesday, June 17, 2015 ASCO secures a services contract for work in the North Sea with Marathon Oil UK, which is worth more than $75 million.
New DNV GL P&A Guideline Could Save Industry More Than $32 Billion
Tuesday, June 16, 2015 A new guideline for the plugging and abandonment (P&A) of offshore wells could save the oil and gas industry more than $32 Billion, according to DNV GL.
Malaysian Services Firms to Eye Foreign Markets as Oil Prices Stay Low
Monday, June 15, 2015 Some Malaysian services firms in the petroleum industry venture overseas, including the Middle East, amid slower growth caused by low oil prices.
Cubility Wins Multimillion Dollar Deal to Supply 'MudCube' to Statoil
Friday, June 12, 2015 Drilling efficiency firm Cubility signs a multimillion dollar deal to supply its MudCube solution to Statoil's Johan Sverdrup field.
Aqualis Offshore Secures ONGC Services Contract
Friday, June 12, 2015 Aqualis Offshore secures a contract to provide marine warranty services to Oil and Gas Corporation Limited (ONGC) offshore India.
Petrofac Secures Services Contract with PDO in Oman
Thursday, June 11, 2015 Petrofac secures an engineering and procurement contract with Petroleum Development Oman to provide services for the Yibal Khuff project, located southwest of Muscat.
Anton Wins Tight Oil Development Services Contract in China
Wednesday, June 10, 2015 Antonoil wins $8.5 million contract to provide tight oil development services for two wells in northwestern China.
TGS, Polarcus Agree 3D Seismic Vessel Capacity Deal
Wednesday, June 10, 2015 Letter of intent will see Polarcus supply TGS with an estimated six months of 3D seismic vessel capacity in 2016.
Services Through the Downturn: Q&A with FTS International CEO
Tuesday, June 09, 2015 FTS International CEO Greg Lanham discusses the challenges to service companies and how FTSI manages during the current economic environment.
Prosafe, Shell Extend Safe Astoria's Contact at the Malampaya Project
Tuesday, June 09, 2015 Prosafe and Shell Philippines Exploration agree to a one month extension for the provision of the Safe Astoria accommodation support vessel at the Malampaya Phase 3 Depletion Compression Project offshore Philippines.
Kvaerner, KBR Win Topside Contract for Johan Sverdrup Platform
Monday, June 08, 2015 Statoil signs a deal with Kvaerner and KBR for the construction of the topside for a utility and living quarters platform for the Johan Sverdrup field.
Australia's Bhagwan Marine Adapts to Changing O& G Business Environment
Monday, June 08, 2015 Australia's Bhagwan Marine adapts to a changing business environment in the oil and gas industry.
Dayang Wins $67.4M Job from PETRONAS Carigali for Work Off East Malaysia
Friday, June 05, 2015 Dayang Enterprise secures a $67.4 million contract from PETRONAS Carigali for work offshore Sabah and Sarawak in East Malaysia.
Petrofac Secures Contract to Support ONE in Southern North Sea
Thursday, June 04, 2015 Petrofac secures contract to support Oranje-Nassau Energie (ONE) UK Limited, following the Oranje-Nassau Energie B.V. subsidiary's announcement that it has become the operator of the Sean gas field in Southern North Sea.
ASCO Group Awarded Services Contract by OMV
Thursday, June 04, 2015 Oilfield services company ASCO Group secures contract to provide supply base services for OMV's operations in the Norwegian and Barents seas.
|Brent Crude Oil :||$53.31/BBL||0.13%|
|Light Crude Oil :||$48.52/BBL||0.55%|
|Natural Gas :||$2.77/MMBtu||4.15%|
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