News Topics: Oilfield Services

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Subsea 7 Awarded $150M SURF Contract for Culzean
Tuesday, September 01, 2015 Subsea 7 is awarded a subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil for the Culzean development, located in the UK North Sea.

Aker Solutions to Slash up to 500 More Jobs
Tuesday, September 01, 2015 Aker Solutions will be further reducing its Norwegian subsea workforce due to a "continued market slowdown".

McDermott Awarded Record Services Contract by Saudi Aramco
Thursday, August 27, 2015 McDermott International is awarded a record lump sum contract by Saudi Aramco for brownfield work in various fields offshore Saudi Arabia.

InterOil Awards PNG Field Connectivity Contract to Speedcast
Wednesday, August 26, 2015 InterOil awards a satellite communications and network services contract for its operations in Papua New Guinea's Gulf province to Speedcast.

Prosafe SE: Robust Short-Term Outlook, Optimistic About Long-Term
Friday, August 21, 2015 Prosafe SE offers a "robust" short-term outlook and is optimistic about long-term market conditions.

Russia's Eurasia Drilling Says 1H Net Profit Halves
Thursday, August 20, 2015 Russia's Eurasia Drilling reports a halving of its first-half net profit on a weak rouble, low oil prices and lower demand from its chief customer, Lukoil.

Ultra Deep Group Signs Contract to Build Multipurpose DSCV
Wednesday, August 19, 2015 Ultra Deep Group secures a contract with China Merchants Heavy Industry to build an Ultra Deep Installer Multipurpose Diving Support Construction Vessel.

Scomi Bags $27.66M Deal from PTTEPI for Myanmar's Zawtika Gas Project
Tuesday, August 18, 2015 Malaysia's Scomi Energy bags a three-year contract from PTTEPI for the Zawtika gas project offshore Myanmar.

Amec Foster Wheeler Awarded PMC Contract Extension in Middle East
Tuesday, August 18, 2015 Amec Foster Wheeler secures an extension to its existing project management consultancy contract for the UZ750 project in the Upper Zakum field, from the Zakum Development Company.

Wood Group Scores Gabon Deal after Tough First Half
Tuesday, August 18, 2015 Oilfield engineer Wood Group wins a multi-million dollar contract award with Shell in Gabon after announcing reduced revenues and profits for the first half of 2015.

Prosafe Wins North Sea Accommodation Vessel Contract
Monday, August 17, 2015 Norwegian offshore accommodation provider Prosafe SE signs a $60-million deal to supply a vessel to an unnamed client for work in the UK North Sea.

PBJV, Ocean Installer to Offer Deepwater Installation Services in Malaysia
Friday, August 14, 2015 Barakah's subsidiary PBJV signs a memorandum of collaboration with Norway's Ocean Installer to jointly provide deepwater installation services in Malaysia.

PBJV Bags Contract from PETRONAS Carigali for Work in East Malaysia
Thursday, August 13, 2015 Barakah Offshore Petroleum's unit PBJV bags a contract from PETRONAS Carigali for work in Sabah and Sarawak, East Malaysia.

Oil and Gas Problems Pile Up for New Bilfinger CEO
Wednesday, August 12, 2015 The new chief executive of Germany's Bilfinger says he will do whatever it take to turn the company around as problems escalate at its main division servicing oil and gas clients.

Wood Group Wins 3-Year GOM Contract with PEMEX
Tuesday, August 11, 2015 Mexico's PEMEX awards Wood Group a $28-million contract to supply engineering services to its field developments in the Gulf of Mexico.

Scomi Bags $35.6M Deals, Including Provision of Offshore Vessel Services
Tuesday, August 11, 2015 Malaysia's Scomi Energy Services secures $35.6 million contracts, including the provision of offshore vessel services, in the last four months.

Maersk Giant Rig Wins North Sea Work with DONG Energy
Monday, August 10, 2015 Maersk drilling secures a 150-day contract for its Maersk Giant rig with DONG Energy.

SeaBird Exploration to Stack Munin Explorer Vessel
Thursday, August 06, 2015 SeaBird Exploration announces that it will stack the Munin Explorer vessel this month, following its completion of a charter contract with SeaBed Geosolutions.

New Rigs Help Rowan Beat Profit Estimates
Wednesday, August 05, 2015 Rig operator Rowan reports a higher-than-expected quarterly profit thanks to new ultra-deepwater rigs and lower prices.

Swiber Secures Letter of Intent for $80M Pipeline Project in Latin America
Tuesday, August 04, 2015 Swiber secures letter of intent from "global energy company" to carry out an $80 million pipeline project in Latin America.

Diamond Offshore Drilling Revenues Drop, Net Income Rises
Monday, August 03, 2015 Diamond Offshore Drilling announces a $58 million revenue loss and slight net income increase in the second quarter of 2015, compared to the same period last year.

China's Petro-king Lands $7.7M Contracts from Sinopec, Beijing Jiuzun
Monday, August 03, 2015 China's Petro-king Oilfield Services lands $7.7 million contracts from Sinopec Northern China and Beijing Jiuzun.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.


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