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Struggling Oil Services Urged to Act as Capital Squeeze Looms
Friday, November 27, 2015 Oil service companies struggling with a slump in demand will need to act fast to bolster their balance sheets and make deals before capital becomes scarce, Norway's largest bank says.
Middle East Deals See Rig Builder Lamprell Boost Workforce
Friday, November 27, 2015 Lamprell boosts its workforce by 1,500 to help it meet increased activity in the Middle East.
Wood Group PSN Secures Services Contract in Iraq
Thursday, November 26, 2015 Wood Group PSN division secures a contract, worth approximately $90 million, with a "leading" international oil company in Iraq to provide project management services for an onshore facility.
Aker Solutions Wins Maintenance Contract with BP
Thursday, November 26, 2015 Aker Solutions secures a framework agreement to provide maintenance and modifications services at BP-operated oil and gas fields offshore Norway.
Minister Urges Industry to Boost India's O&G Output in Low Cost Environment
Wednesday, November 25, 2015 India's Minister for Petroleum & Natural Gas Dharmendra Pradhan urges the petroleum sector to capitalize on reduced industry costs to increase domestic oil and gas production.
Monadelphous Clinches $144M Contract for Shell's Prelude FLNG Project
Tuesday, November 24, 2015 Monadelphous clinches a $143.9 million maintenance and modifications services contract for Shell's Prelude floating liquefied natural gas project offshore Western Australia.
Benthic Bags Contracts for Woodside's Browse FLNG, Greater Enfield Projects
Tuesday, November 24, 2015 Benthic bags two contracts from Woodside to undertake offshore geotechnical site investigations for the Browse floating liquefied natural gas development and the Greater Enfield development offshore Western Australia.
Bumi Armada Berhad Revenues Decline with Lower Vessel Utilization
Friday, November 20, 2015 Bumi Armada's revenues for the first 9 months of 2015 declined by 6.2%, to $371.6 million, due to the lower utilization of vessels and lower activity in its transport and installation business unit.
Demand for Oil, Gas Automation Software in Decline
Wednesday, November 18, 2015 Demand for automation software in the upstream oil and gas industry is currently in decline, according to Ali Raza, the vice president and general manager of advanced solutions at Honeywell Process Solutions.
Norshore Begins Plug and Abandonment Work for ConocoPhillips Off Indonesia
Tuesday, November 17, 2015 Norway's Norshore commences plug and abandonment work for ConocoPhillips offshore Indonesia.
IOG in 'Advanced Stages' of Planning Skipper Well
Thursday, November 12, 2015 Independent Oil & Gas plc is in the "advanced stages" of planning the upcoming Skipper well, located in license P1609.
READ Secures Services Contract with Maersk Oil
Thursday, November 12, 2015 Well integrity specialist READ Cased Hole, announced Thursday that it has secured a multi-million dollar services contract with Danish energy company Maersk Oil.
Gulf Marine Enjoys 'Robust' Performance during 3Q 2015
Wednesday, November 11, 2015 Support vessel supplier Gulf Marine Services performs well in spite of the current downturn in the oil and gas sector.
Wood Mac Buys Infield Systems to Boost Upstream Offering
Monday, November 09, 2015 Wood Mackenzie is buying an oil and gas business intelligence firm Infield Systems.
Songa Produces Robust 3Q 2015 Operating Profit
Friday, November 06, 2015 Songa Offshore produces a strong operating profit and highlights a strong order book thanks to its new 'Cat D' rigs.
Aker Solutions Tenders for Contracts Worth More than NOK 60B
Thursday, November 05, 2015 Aker Solutions says it has tenders for contracts worth more than NOK 60 billion ($7.2 billion).
Amec Foster Wheeler Increases Cost Savings Target
Thursday, November 05, 2015 Amec Foster Wheeler increases its cost savings target to $180 million by 2017, marking a $55 million rise from its previous target of $125 million.
CGG Plans to Cut 930 Positions, Reduce Fleet to 5 Vessels
Thursday, November 05, 2015 French oil services firm CGG announced plans to axe 930 positions worldwide and reduce its marine fleet to five vessels by the second quarter of 2016.
Three Songa Rigs Achieve 100% Usage during October
Wednesday, November 04, 2015 Three rigs operated by Songa Offshore achieve operational efficiencies of 100 percent in October.
Jacktel AS Secures Johan Sverdrup Accommodation Services Contract
Wednesday, November 04, 2015 Jacktel AS secures a contract from Statoil to provide accommodation services on the Johan Sverdrup field.
Woodside Extends Contracts With Monadelphous for Western Australia Projects
Tuesday, November 03, 2015 Monadelphous clinches contract extensions for Woodside's gas projects in Western Australia.
Statoil Cancels Songa Trym Contract Prematurely
Monday, November 02, 2015 Statoil cancels its Songa Trym contract four months before the March 4, 2016 expiration date.
Diamond Offshore Says 2 Rig Contracts with Petrobras Terminated
Monday, November 02, 2015 Diamond Offshore Drilling Inc says contracts for 2 rigs with Brazil's Petrobras have ended ahead of schedule.
Centrica Agrees to Award NCS Services Contracts to Aibel, Subsea 7
Friday, October 30, 2015 Centrica Energy agrees to award services contracts to Aibel and Subsea 7 for projects on the Norwegian Continental Shelf.
Wood Group Secures Subsea Engineering Contract with BP
Thursday, October 29, 2015 John Wood Group plc secures a new multi-million dollar contract to provide engineering services to BP's existing subsea infrastructure in the Gulf of Mexico, the UK and Norwegian continental shelves and offshore Azerbaijan.
Saipem Plans 3.5B Euro Rights Issue as Eni Steps Back
Wednesday, October 28, 2015 Italian oilfield services contractor Saipem asks investors to pump in fresh capital to help it weather the recession in the sector.
Technip Wins Libra Field Pipe Contract
Tuesday, October 27, 2015 French oilfield services firm Technip wins 'a substantial contract' to supply flexible pipes to the Libra giant field development offshore Brazil.
China's Honghua Bags $340M Oilfield Services Contracts from PDVSA
Tuesday, October 27, 2015 China's Honghua secures three oilfield services contracts, worth $340 million, from PDVSA for turnkey services in Venezuela's Lake Maracaibo region
Proserv Secures Johan Sverdrup Services Contract
Monday, October 26, 2015 Proserv secures a contract worth more than $2.39 million to provide topside control equipment at Johan Sverdrup.
Malaysia's Alam Maritim Secures $12.5M Subcontract for PFLNG1 Project
Thursday, October 22, 2015 Alam Maritim secures a $12.5 million subcontract for PETRONAS' PFLNG1 project offshore East Malaysia.
Oil & Gas UK Publishes Updated Well Operation Guidelines
Tuesday, October 20, 2015 Oil & Gas UK publishes updated guidelines to help well-operators comply more effectively with regulations and improve cross industry understanding of well-related issues on the UK continental shelf.
Addax Extends Yinson's FPSO Charter Contract for $129M
Tuesday, October 20, 2015 Addax extends the charter contract for FPSO Adoon with Malaysia's Yinson Holdings by 3 years for $129 million, with the vessel to continue work at the Antan field in Nigeria.
EMAS Offshore Posts FY15 Net Profit of $199.5, Thanks to Negative Goodwill
Tuesday, October 20, 2015 Singapore's EMAS Offshore posts $199.5 million in net profit for financial year 2015 ending Aug. 31, thanks to negative goodwill, while the firm clinches $33 million in charter contracts for two offshore support vessels.
Halliburton Revenue Misses On Weak Drilling In North America
Monday, October 19, 2015 Halliburton reports a 36% drop in quarterly revenue, hurt by weak drilling activity and pricing in North America.
Technics Partners PT Elnusa for O&G Services Projects in Indonesia
Monday, October 19, 2015 Singapore's Technics Oil and Gas partners Indonesian oil and gas services firm PT Elnusa Fabrikasi Konstruksi for the latter's projects in Indonesia.
Archer Secures Platform Drilling Services Contract with Talisman Sinopec
Thursday, October 15, 2015 Archer Limited secures a three year contract with Talisman Sinopec Energy UK Limited for the provision of platform drilling services.
Aibel Secures Johan Sverdrup Power Supply Contract
Thursday, October 15, 2015 Aibel secures a contract for the construction of a converter station at Haugsneset and required construction site work for land-based power supply to the Johan Sverdrup field.
Odfjell Drilling CEO Sees another 2-3 Weak Years
Thursday, October 15, 2015 Offshore rig driller Odjfell Drilling expects its sector to face two-to-three weak years and believes it unlikely that 2017 will be much stronger than 2016.
Petrofac Wins Shell Iraq Training Contract
Tuesday, October 13, 2015 Petrofac wins a multi-million dollar contract to supply training services to Shell Iraq.
Lamprell Appoints New COO
Monday, October 12, 2015 Offshore engineering firm Lamprell promotes Niall O'Connell into the role of chief operating officer.
Deepsea Bergen Finishes Yard-Stay
Friday, October 09, 2015 Odfjell Drilling's Deepsea Bergen (mid-water semisub) finishes its yard-stay in connection with a five year special periodic survey and is now in transit to Norway to resume operations.
Saipem Secures Services Contracts worth almost $700M
Friday, October 09, 2015 Saipem secures new offshore engineering and construction contracts worth almost $700 million.
Statoil Awards Two Johan Sverdrup Jacket Contracts
Thursday, October 08, 2015 Statoil awards 2 separate contracts for Johan Sverdrup jackets to Kvaerner Verdal and Dragados Offshore S.A.
Eni Reveals Energy Award Winners
Thursday, October 08, 2015 Eni reveals the winners of its Eni Award, which aims to encourage a better use of energy sources and inspire a new generation of researchers.
Oilfield Cannibals: To Save Cash, US Drillers Strip Idle Rigs
Wednesday, October 07, 2015 In a bid to save cash, rig owners are cannibalizing parts such as motors and drill pipe from idled rigs to fix 800 active ones in the US when stuff breaks.
Wood Group Wins Bechtel Contract to Supply Tengiz Project in Kazakhstan
Wednesday, October 07, 2015 Oilfield services firm Wood Group wins a multi-million dollar contract by Bechtel to supply equipment to Tengizchevroil's Crude Storage Capacity Project at the Tengiz Field in Kazakhstan.
Prosep Appoints McCarthy as New CEO
Tuesday, October 06, 2015 Prosep appoints oilfield services veteran Patrick McCarthy as its new CEO.
Civmec Clinches Contracts for Ichthys, Gorgon Projects in Australia
Tuesday, October 06, 2015 Civmec clinches contracts for refractory installation services at the Ichthys and Chevron gas projects in Australia.
Skandi Africa Vessel Delivered and Working for Technip
Tuesday, October 06, 2015 DOF Subsea Group says it has taken delivery of the Skandi Africa deepwater subsea construction vessel and has contracted it out to Technip for five years.
Magma Global Secures Funding to Support Growth Plans
Monday, October 05, 2015 Magma Global raises $60 million from Strategic Investment Capital Partners, and existing investors, to support its growth plans.
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