News Topics: Oilfield Services

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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.

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.

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.

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.

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.

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.

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.

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.

Aqualis Opens Aberdeen Office as it Seeks to Expand
Monday, June 01, 2015 Offshore engineering consultancy Aqualis Office opens a new office in Aberdeen as it seeks to add experience consultants to its business.

KPMG Sees Opportunities in Current Oilfield Services Market
Monday, June 01, 2015 There are opportunities to be had in the current oilfield services market, according to professional services firm KPMG.

Polarcus Signs Seismic Services Deal with NAMCOR
Friday, May 29, 2015 Polarcus signs a deal to collaborate on seismic data acquisition and geoscience analysis with the National Petroleum Corporation of Namibia.

DNV Appoints New CEO, Who Warns of Tough Times
Thursday, May 28, 2015 Remi Eriksen, the newly-appointed CEO of offshore safety assessment business DNV, says the firm sees challenging market developments.

No. 2 Offshore Oil Driller Seadrill Sees Industry Pain Through 2016
Thursday, May 28, 2015 The world's second biggest offshore oil driller, Seadrill, predicts years of pain for the global rig market.

Drone Inspection Firm Sky Futures Wins New Investment
Thursday, May 28, 2015 Oil and gas inspection firm Sky Futures wins an investment of up to $1 million for its drone-based inspection technology from San Francisco investor Airware.

Nigerian Oil Union Says Halliburton Strike is Over
Wednesday, May 27, 2015 Nigerian staff at Halliburton end a nationwide strike over jobs cuts.

Malaysian Barakah's Subsidiary PBJV Receives LOA from Shell
Tuesday, May 26, 2015 Malaysia's Barakah Offshore receives a letter of award from Shell for pipeline inspection gauges equipment and services.

UZMA Secures $46.1M Helicopter Services Contracts from Petronas Carigali
Tuesday, May 26, 2015 Uzma's associate company SAZMA secures $46.1 million contracts to provide helicopter services for Petronas Carigali in East Malaysia.

BG Group, Prosafe Agree New Program for Safe Bristolia Vessel
Friday, May 22, 2015 BG Group and Prosafe agree a new work program for the use of the Safe Bristolia accommodation support vessel on BG's Everest field.

Aberdeen-based Jee Wins Enhance Oil Recovery Contract
Thursday, May 21, 2015 Aberdeen-based subsea engineering firm Jee wins a contract from Amec Foster Wheeler to design kit for an enhanced oil recovery field development.

COSL Drilling Europe Inks Frame Agreement with PSW
Wednesday, May 20, 2015 COSL Drilling Europe inks a frame agreement with PSW Group for subsea and riser maintenance services for its drilling rigs.

EMAS AMC Uses iSURVEY Singapore for Thai Pipeline Installation
Wednesday, May 13, 2015 EMAS AMC contracts iSURVEY Singapore to conduct positioning and survey services to support Chevronís pipeline installation campaign in the Gulf of Thailand.

Massy Wood Group Secures 5-Year Service Contract with BP
Wednesday, May 13, 2015 Massy Wood Group signs five-year service contract to support BP operations in Trinidad & Tobago

Rig Firm Prosafe Sees Pickup in Activity as Oil Prices Rise
Wednesday, May 13, 2015 Offshore accommodation provider Prosafe posts first-quarter operating earnings above expectations as activity picks up.

TGS to Conduct New 2D Surveys Offshore Eastern Canada
Tuesday, May 12, 2015 TGS announces plans to conduct two new 2D surveys offshore Eastern Canada.

Cape Order Intake Falls on Contract Delays, Project Deferrals
Tuesday, May 12, 2015 Energy services provider Cape says orders during its first quarter fell, hurt by delays in key contracts and project deferrals.

Subsea 7 to Cut Workforce by a Fifth, Reduce Fleet
Tuesday, May 12, 2015 Oil services firm Subsea 7 is to cut its workforce by almost 20 percent and reduce its 39-strong fleet of vessels by up to 11 ships.

Sky Futures Receives Europe's Largest Drone Investment
Monday, May 11, 2015 MMC Ventures invests $3.8 million in Sky Futures drone technology

OTC 2015: ABS Launches New Asset Integrity Management Service
Wednesday, May 06, 2015 Marine technical services firm ABS Group releases a new offshore Asset Integrity Management service focused on driving profitability for asset owners and operators.

Gulf Marine Produced 'Solid Performance' during 1Q 2015
Wednesday, May 06, 2015 Oilfield support vessel provider Gulf Marine Services is currently trading in line with expectations after producing a 'solid performance' during 1Q 2015.

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