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News Topics: Oilfield Services

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Aker Appoints New Business Heads
Friday, March 27, 2015 Aker Solutions appoints Tore Sjursen as its new VP for operation improvement and risk management and Knut Sandvik as the new head of its MMO business.

ConocoPhillips Awards Bayu-Udan Satellite Communications Deal to Speedcast
Thursday, March 26, 2015 Speedcast bags satellite communications services contract from ConocoPhillips for the Bayu-Udan field in Timor Sea.

UK Engineer Smiths Warns of Hit from Weak Oil Price
Wednesday, March 18, 2015 UK engineer Smiths Group reports a five-percent fall in first-half operating profit and warns that trading in its John Crane unit may be hurt in as oil and gas customers cut spending.

Searcher Seismic Starts Atlantic Margin Survey
Tuesday, March 17, 2015 Searcher Seismic begins the acquisition of 2D seismic data over 3,350 square miles in the Atlantic Margin, offshore Ireland.

Aker Sets Out Strategic Goals
Tuesday, March 17, 2015 Aker plans to build on strengths in subsea and field design markets, but sees continued slowdown in Norwegian MMO market over the next two years.



ABB Wins NOK 1.1B Statoil Power Contract
Monday, March 16, 2015 ABB wins a $134-million contract from Norway's Statoil to supply power kit to the giant Johan Sverdrup oilfield in the North Sea.

Mammoet Installs Malampaya Phase 3 DCP off Palawan Island for Shell
Thursday, March 12, 2015 Mammoet installs the Malampaya Phase 3 Depletion Compression Platform off Palawan Island in the West Philippine Sea for Shell.

Ferguson Expands Fleet Size in Malaysia to Grow its Southeast Asia Business
Thursday, March 12, 2015 Ferguson increase its fleet size in Malaysia as part of the firm's expansion in Southeast Asia.

Petra Energy Bags Gumusut Kakap FPS Topside Maintenance Services Contract
Thursday, March 12, 2015 Petra Energy bags a topside maintenance services contract for the Gumusut Kakap floating production system located offshore Sabah, Malaysia from Sabah Shell.

Swire Oilfield Services Opens New Yard at Kemaman in Malaysia
Wednesday, March 11, 2015 Swire Oilfield Services opens a new yard at Kemaman in Malaysia to grow local business.

Australia's Bhagwan Marine Ventures into the Subsea Sector
Tuesday, March 10, 2015 Australia's marine vessel operator Bhagwan Marine ventures into the subsea sector.

Three Offshore Gas Fields in Myanmar to Shut Down for Maintenance in April
Tuesday, March 10, 2015 Myanmar will shut down three offshore gas fields for scheduled maintenance in late April, according to a senior official at the Myanma Oil and Gas Enterprise.

Work on Pateke-4H Subsea Tie-back Project Underway at NZís Tui Oil Fields
Friday, March 06, 2015 AWE says work has begun on the Pateke-4H subsea tie-back and installation project at Tui Area oil fields offshore New Zealand.

Lamprell Delivers New Jackup for Indian Drilling
Thursday, March 05, 2015 UAE-based rig builder Lamprell completes the construction of the Greatdrill Chaaru jack-up rig and delivers it to Greatship Global Energy Services.

Subsea 7 Axes Dividend, Sees Lower 2015 Earnings
Wednesday, March 04, 2015 Oilfield services firm Subsea 7 swings to a surprise fourth-quarter operating loss due to a decline in sales and profit margins in difficult market conditions.

Aqualis Offshore Wins Brazilian Contract
Wednesday, March 04, 2015 Aqualis Offshore wins a deal with Technip and Techint to carry out marine warranty surveys for the integration of the P-76 FPSO vessel in southern Brazil.

Ferguson Partners OPS-OES to Tap Business in Thailand's Oil, Gas Sector
Wednesday, March 04, 2015 Ferguson Group appoints OPS Oilfield Equipment and Services as its business partner in Thailand.

Valmec Secures Services Deal for APLNG Project's Talinga Gas Facility
Wednesday, March 04, 2015 Valmec secures a services contract for Australia Pacific LNG project's Talinga Gas Processing Facility in Queensland, Australia.

Newbuild Lewek Constellation Prepares for Noble Energy's GOM Assignment
Monday, March 02, 2015 Ezra's newbuild subsea construction vessel Lewek Constellation prepares to head for Gulf of Mexico assignment for Noble Energy.

Scots Subsea Technology Firm Calls in Administrators, 77 Jobs Lost
Friday, February 27, 2015 Accountancy firm KPMG is appointed as administrator of Specialist Subsea Services Limited amid cash flow difficulties at the company.

MOSB to Set Up Supply Base in Mawlamyine to Serve Myanmar's Oil, Gas Sector
Friday, February 27, 2015 Myanmar Offshore Supply Base is setting up a marine supply base in Mawlamyine in Mon state to support Myanmar's oil and gas industry.

SeaBird Warns of Continued Weakness in the Seismic Market
Friday, February 27, 2015 SeaBird Exploration warns that it expects the current softness in the market for seismic data acquisition to continue to adversely affect the seismic survey industry in 2015.

Transocean Takes $992M Charge On Drilling Business As Oil Slumps
Thursday, February 26, 2015 Transocean writes down the value of its contract drilling business by $992 million as demand slumps due to lower oil prices.

Statoil Awards Mariner Supply Contracts to Asco UK
Thursday, February 26, 2015 Norway's Statoil awards the supply base and warehousing contracts for the Mariner field development to Asco UK.

Wood Group PSN Appoints New CEO
Wednesday, February 25, 2015 Energy services firm Wood Group PSN appoints Dave Stewart as its new CEO.

Neptune Marine Services Completes Grouting Work for Ichthys LNG Project
Wednesday, February 25, 2015 Neptune Marine Services completes a structural grouting project under a subcontract from McDermott for Inpex's Ichthys liquefied natural gas development offshore Australia.

Petrofac FY Net Profit Falls, Order Book Grows
Wednesday, February 25, 2015 Oilfield services firm Petrofac reports a fall in 2014 net profit due to overruns on two major projects.

UK's Weir Warns of Significant Revenue Fall as Oil Industry Slows
Wednesday, February 25, 2015 Weir Group says uncertainty in the oil and gas industry will significant reduce its 2015 revenue.

Technip Wins New Subsea Contract West of Shetland
Tuesday, February 24, 2015 France's Technip is awarded a new subsea contract for Total's Glenvit project, West of Shetland, UK.

ASCO Bags Supply Base Deal for BP's Exploration Program Off South Australia
Tuesday, February 24, 2015 ASCO bags contract to manage the supply base for BP's 2016 exploration program in the Great Australian Bight off South Australia.

Chariot Begins 2D Seismic Program Offshore Namibia
Friday, February 20, 2015 Chariot Oil & Gas begins a 2D seismic data acquisition survey of just over 1,000 miles offshore Namibia.

Songa Offshore Expects 'Challenging Year'
Friday, February 20, 2015 Rig operator Songa Offshore expects 2015 to be a 'challenging year' as it expects more rigs to leave the Norwegian Continental Shelf.

TGS to Expand Declaration Survey in Gulf of Mexico
Thursday, February 19, 2015 TGS-NOPEC plans to expand its Declaration Multi-WAZ survey in the Gulf of Mexico's Mississippi and DeSoto canyons.

Aker Delivers Key Environmental Safety Product for GOM Operations
Thursday, February 19, 2015 Aker Solutions delivers a key subsea component for a new system designed to limit environmental risks from oil and gas production in the US Gulf of Mexico.

European Services Firms Technip, Dolphin Report Upbeat Results
Wednesday, February 18, 2015 France's Technip and Norway's Dolphin Group both report ending 2014 with strong order books.

UK's Wood Group Says Full-Year EBITA Rises; Shares Gain
Tuesday, February 17, 2015 Energy services firm John Wood Group reports a 3.1-percent increase in earnings.

Eidesvik Takes Delivery of 'Viking Neptun' Offshore Construction Ship
Tuesday, February 17, 2015 Eidesvik Offshore takes delivery of a new offshore construction vessel named 'Viking Neptun'.

BW Offshore: Demand for New Leased Units 'Currently Uncertain'
Monday, February 16, 2015 BW Offshore says that despite short-term demand for new leased floating production units, it still expects outsourced production to be a cost-effective solution for oil firms.

Oilfield Services Firm Hunting to Cut Jobs, Realign Business Units
Monday, February 16, 2015 Oilfield services firm Hunting plans to cut jobs and take other cost-saving measures as it faces a declining oil rig count.

Aitken Replaces Louden as Interwell UK Managing Director
Friday, February 13, 2015 Oilfield services firm Interwell UK sees UK country manager David Aitken take over as managing director as Andrew Louden leaves after four years at the helm.

Seadrill Gives Up On $1.1B of Petrobras Orders
Friday, February 13, 2015 Offshore driller Seadrill cuts $1.1 billion worth of Petrobras orders from its backlog due to the Brazilian firm's troubles.

BW Offshore Says Four Brazilians, One Indian among Workers Killed
Friday, February 13, 2015 Norway's BW Offshore says four of its workers killed in an explosion offshore Brazil this week were Brazilian nationals while the fifth worker killed was Indian.

Aker Provides Oilfield Services Cheer with Upbeat Results
Friday, February 13, 2015 Bucking the current gloomy outlook for oilfield services, Aker Solutions produces upbeat results and increases its order book.

Subsea 7 Wins Contract for Persephone Work, Offshore Australia
Friday, February 13, 2015 Subsea 7 wins a contract with Woodside Energy to work on the Persephone project, offshore Australia.

Swiber Secures $310M EPCIC Contract from South Asian NOC
Thursday, February 12, 2015 Swiber Holdings secures a $310 million engineering, procurement, construction, installation and commissioning contract from a South Asian national oil company.

Precision Drilling Posts Quarterly Loss as Rig Demand Drops
Thursday, February 12, 2015 Canada's Precision Drilling Corp reports a loss for the fourth quarter as demand for its rigs declines.

GE Oil & Gas Invests in Montrose Manufacturing Facilities
Thursday, February 12, 2015 GE Oil & Gas bolsters its manufacturing capabilities at its sites in Montrose, Scotland with a $21-million investment.

Fred Olsen Reports Flat Revenues amid 'Challenging' Market
Wednesday, February 11, 2015 Fred Olsen Energy reports revenues that are almost flat at $1.19 billion as it suspends dividends due to the 'challenging offshore market'.

PBJV Receives LOA from Petronas Carigali for Work Offshore Malaysia
Monday, February 09, 2015 PBJV receives a letter of award from Petronas Carigali for work offshore Malaysia.

Petrofac Wins Two Deals with Algeria's Sonatrach
Friday, February 06, 2015 Petrofac wins two strategic services agreements with Algerian state-owned oil firm Sonatrach.

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