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News Topics: Oilfield Services

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Results50 articles shown

Seadrill Shares Dive after Dividends Suspended
Wednesday, November 26, 2014 Oilfield services firm Seadrill suspends dividend payments to help it weather a slump in offshore drilling rig market rates.

Odjfell Revenues, Profits Decline during 3Q
Wednesday, November 26, 2014 Norway's Odfjell sees its revenues and profits fall amid a continued softening of demand for oilfield services.

Arctech Starts Construction of Sakhalin Icebreaking Vessel
Wednesday, November 26, 2014 Arctech Helsinki Shipyard begins construction of an icebreaking multi-purpose supply vessel that will serve Sakhalin-2 region energy production sites.

Maersk Gets Extension from Hess for Resolute Rig
Monday, November 24, 2014 Denmark's Maersk Drilling receives an estimated $75-million extension to its contract with Hess Corporation for the Maersk Resolute rig.

Snoozebox Wins Workforce Hotel Deal with Premier Oil
Friday, November 21, 2014 Snoozebox to provide an 80-bedroom temporary workforce hotel to Premier Oil.



Technip Wins Brazilian Flexible Pipe Deal
Friday, November 21, 2014 French oilfield services firm Technip wins a deal to supply high-tech flexible pipes to the Iracema North pre-salt field offshore Brazil.

Technip Names New Diving Support Vessel
Wednesday, November 19, 2014 French oilfield services firm calls its latest diving support vessel the 'Deep Explorer'.

Xcite Signs Rig Provision Agreement for Bentley Field
Monday, November 17, 2014 Xcite Energy signs a deal with China Oilfield Services Limited for the provision of a new jackup rig for use on the company's Bentley field in the North Sea.

Solvay Profit Rise Helped by Fracking, Cheaper Raw Materials
Thursday, November 13, 2014 Belgian chemicals firm Solvay sees 9.5-percent increase in its third-quarter profit thanks to an increased demand for fracking fluids in the US.

Subsea 7 Warns of Increased Uncertainty in Project Awards
Wednesday, November 12, 2014 Subsea 7, while reporting strong third quarter results, warns of increased uncertainty in the timing of certain project awards from customers due to lower oil prices.

McDermott Bags Offshore Pipeline Deal for Brunei's Champion, Ampa Fields
Wednesday, November 12, 2014 McDermott bags a three year deal from Brunei Shell Petroleum to transport and install pipelines and umbilicals for the Champion and Ampa fields offshore Brunei.

SBM Offshore Settles Bribery Case for $240M, Shares Jump
Wednesday, November 12, 2014 Dutch oilfield services firm SBM Offshore Settles Bribery Case for $240 million.

BMT Lands ExxonMobil's Contract for Angola's Offshore Kizomba Project
Tuesday, November 11, 2014 BMT lands maintenance services contract from ExxonMobil for Kizomba project's two tension leg platforms offshore Angola.

Norway's Songa Offshore Expects Further Market Weakness in 2015
Monday, November 10, 2014 Rig operator Songa Offshore says it expects weak demand in the Norwegian floater market to persist in 2015.

Driller Transocean To Take $2.76B Charges, Delay Results
Friday, November 07, 2014 Transocean expects to incur management charges of $2.76 billion during 3Q 2014 as it grapples with an oversupplied offshore drilling market.

Zenith Energy Wins Well Management Contracts
Wednesday, November 05, 2014 Aberdeen-based Zenith Energy wins three new contracts with oil and gas operators to supply specialist drilling and well engineering personnel.

Rig firm Prosafe Cuts Dividend Target on Weak Oil Sector
Wednesday, November 05, 2014 Offshore accommodation rig provider Prosafe cuts its dividend target as the offshore oil sector continues to weaken on capital spending cuts.

Gulf Marine Increases Order Backlog
Wednesday, November 05, 2014 Gulf Marine Services reports that recent contract wins have increased its current secured order backlog to $547 million.

Swire Oilfield Services Opens Abu Dhabi Office to Tap Middle East Business
Wednesday, November 05, 2014 Swire Oilfield Services sets up new base in Abu Dhabi to tap business opportunities in the Middle East.

SBM Completes Loan Deal to Fund Deep Panuke Facility
Tuesday, November 04, 2014 SBM Offshore completes a $450-million loan deal to fund the Deep Panuke Production Field Centre offshore Canada.

East England Firms Have 'Advantage' over Decom Rivals
Tuesday, November 04, 2014 East of England companies have an advantage over Aberdeen-based competitors when it comes to southern North Sea decommissioning work.

Alam Maritim Bags $9.6M Deal to Demobilize a Floating Storage Facility
Tuesday, November 04, 2014 Alam Maritim Bags $9.56 million contract to provide demobilization services for a floating storage facility offshore Malaysia.

CAN Group Wins North Sea Deal with Fairfield Energy
Monday, November 03, 2014 Aberdeen-based oilfield services firm CAN Group wins a $6.4 million contract to provide asset integrity services to Fairfield Energy in the UK North Sea.

Baker Hughes Launches SeismicTrak
Friday, October 31, 2014 Oilfield services firm Baker Hughes launches its SeismicTrak seismic-while-drilling service.

Songa Completes $1.1B Loan Deal to Finance Rigs
Friday, October 31, 2014 Songa Offshore says it has completed the signing of a $1.1 billion credit facility to finance its last two Category D drilling rigs.

Oil Services Group Technip Eases Concerns Over Oil Sector Strife
Thursday, October 30, 2014 Technip reports greater-than-expected 3Q profit and revenue, easing concerns about oil sector strife.

Oilfield Suppliers Launch Products, Services at SPE Amsterdam
Wednesday, October 29, 2014 Rigzone takes a look at a few of the products and services that have been announced by oilfield equipment and services suppliers at this year's SPE technical conference and exhibition in Amsterdam.

Baker Hughes Launches MultiNode Intelligent Well System
Tuesday, October 28, 2014 Rigzone catches up with Baker Hughes at the Society of Petroleum Engineers annual conference in Amsterdam to find out about its new MultiNode intelligent well system.

Norway's Fred. Olsen Energy Sees Tough Rig Market Ahead
Tuesday, October 28, 2014 Fred. Olsen Energy says the global rig market will struggle with lower demand and oversupply.

Ocean Installer Establishes Subsea Construction Services Base in Perth
Thursday, October 23, 2014 Ocean Installer establishes office in Perth, Australia to meet demand for subsea construction services in Asia Pacific and Oceania.

Norway's Seismic Surveyors Say Hit by Lower Oil Price
Thursday, October 23, 2014 Norwegian seismic survey firms TGS and PGS report a deterioration in demand from oil companies.

InterMoor Completes Mooring Work for COOEC at China's Panyu, Enping Fields
Thursday, October 23, 2014 InterMoor completes two offshore moooring projects for China's COOEC at Panyu and Enping fields in the Pearl River Mouth basin, South China Sea.

BP Awards FEED Contracts for Tangguh Expansion Project
Wednesday, October 22, 2014 BP awards two consortia with contracts for onshore FEED work at its Tangguh Expansion Project in Indonesia.

McDermott Lands T&I Contract for Bukit Tua Project Offshore East Java
Tuesday, October 21, 2014 McDermott lands a transportation, installation and pre-commissioning contract from a Petronas unit for the offshore Bukit Tua project in Ketapang block, East Java, Indonesia.

Lamprell Completes 2nd Caspian Sea Rig
Tuesday, October 21, 2014 Rig builder Lamprell completes the 'Mercury' rig for a client that will use the vessel in the Caspian Sea.

Songa Offshore Rig Suffers Engine Failure
Monday, October 20, 2014 Drilling firm Songa Offshore says its Songa Dee rig has suffered an engine failure.

Kongsberg Signs $2.2M Drilling Software Contract with Petronas Carigali
Monday, October 20, 2014 Kongsberg signs $2.2 million drilling operations software and services contract with Petronas Carigali.

Xcite Signs Services Deal with Baker Hughes for Bentley Field
Monday, October 20, 2014 Xcite agrees a memorandum of understanding with Baker Hughes for the provision of oilfield services for the Bentley field in the UK North Sea.

Petrofac Enjoys Most Successful Year for New Contracts
Friday, October 17, 2014 Petrofac is in line to make a profit of at least $580 million in 2014 after its most successful year for new awards.

Expro Bags $50M Contract for Ichthys LNG Project Off Western Australia
Thursday, October 16, 2014 Expro bags a $50 million contract to supply well testing package and ancilliary services for the Ichthys liquefied natural gas project off Western Australia.

EMAS AMC Completes T&I Work on Gabon's Etame Marin Field Expansion
Thursday, October 16, 2014 EMAS AMC completes a $120 million transportation and installation contract for VAALCO's Etame Marin field expansion project offshore Gabon.

Baker Hughes' Profit Misses on Weak Drilling Activity Outside N. America
Thursday, October 16, 2014 Oilfield services supplier Baker Hughes reports a lower-than-expected profit for the first time in five quarters.

SBM Wins Production Handling Deal with Noble Energy in GOM
Thursday, October 16, 2014 SBM Offshore signs a production handling agreement with Noble Energy to produce the Big Bend and Dantzler fields to its Thunder Hawk platform.

Stochastic Simulation Seals Partnership with Uzma Engineering in Malaysia
Thursday, October 16, 2014 Stochastic Simulation seals partnership with Uzma Engineering to distribute and support its products and software solutions in Malaysia.

Wood Group Kenny Wins FEED Contract for CCS Project Offshore Scotland
Thursday, October 16, 2014 Wood Group Kenny wins the front-end engineering design contract for the subsea and pipeline element of the Peterhead Carbon Capture and Storage project.

TGS Enters Anadarko Basin with Two 3D Surveys
Wednesday, October 15, 2014 TGS announces that it will be conducting two new multi-client surveys in Oklahoma, onshore US, later this year and during early 2015.

Gaylin Wire Receives Nod to be a Petronas License Holder in Malaysia
Tuesday, October 14, 2014 Gaylin Wire receives nod to be a licensed holder with Petronas, allowing the firm to participate in tenders involving the Malaysia's national oil company.

Wood Group Mustang Awarded TLP Contract by Statoil
Tuesday, October 14, 2014 Wood Group Mustang wins the pre-FEED contract for the proposed Snorre C tension leg platform from Statoil.

Africa Oilfield Logistics to List on Nairobi Stock Exchange
Monday, October 13, 2014 Africa Oilfield Logistics plans to list its shares on Kenya's Nairobi Securities Exchange.

EMAS AMC Inks $300M Subsea Tie-back Deals with Noble Energy for GOM Work
Friday, October 10, 2014 Ezra's subsea unit EMAS AMC inks three contracts, worth $300 million, with Noble Energy for subsea tie-back projects in the Gulf of Mexico.

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