News Topics: Oilfield Services
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Rig Company Seadrill Hit by Profit Miss, Cautious Outlook
Wednesday, August 27, 2014 Offshore driller Seadrill reports second-quarter earnings below forecasts, offering a cautious outlook.
Aker Solutions Says Engineering On Track For 2017 Cost Cut Of 30%
Tuesday, August 26, 2014 Aker Solutions Engineering Vice President Valborg Lundegaard says at ONS that his division is on track to cut costs by 30 percent by 2017.
Hallin Completes Replacement of Mooring Lines for FPSO HYSY111 in China
Tuesday, August 26, 2014 Hallin Marine completes replacement of mooring lines beneath the floating production, storage and offloading vessel HYSY111 in China.
Energy Project Delays Cut Petrofac Profit Nearly in Half
Tuesday, August 26, 2014 UK oilfield services company Petrofac reports a halving of first-half profits after being hurt by slow progress at some of its projects.
Otto Marine Seeks to Raise Profile, Competitiveness of Subsea Services Unit
Monday, August 25, 2014 Otto Marine aims to develop the international profile and competitive position of its subsea services unit.
Petrofac Chairman Resigns
Friday, August 22, 2014 Petrofac announces the resignation of its chairman, Norman Murray.
Qinterra Lands $20M Deal to Support Petronas Carigali's Malaysia Operations
Friday, August 22, 2014 Qinterra Technologies lands a contract, worth up to $20 million, to support Petronas Carigali's operations in Malaysia.
Dolphin Sees Possible Start of Dividend after 3Q Report
Wednesday, August 20, 2014 Seismic survey vessel operator Dolphin may soon start paying dividends after an improvement in its earnings.
Polarcus Completes UK Seismic Program for TGS
Wednesday, August 20, 2014 Polarcus says its 3D seismic vessel Polarcus Naila has completed a two-month program for Norway's TGS-NOPEC off the UK's Shetland Islands.
Oilfield Equipment Firm Schoeller-Bleckmann Sales Slip
Wednesday, August 20, 2014 Schoeller-Bleckmann says sales slipped by one percent during the second quarter as customers spent cautiously on high-precision components.
Wild Well Expands Company Service Offerings, Presence in Asia Pacific
Wednesday, August 20, 2014 Wild Well expands its service offerings and presence in Asia Pacific with the addition of staff at its regional office in Malaysia.
XPD8 Secures $3.73M Contracts for Work in Malaysia, North Sea
Wednesday, August 20, 2014 XPD8 Solutions secures two contracts, worth $3.73 million, for work in the North Sea and Malaysia.
US Shale Presence Helps John Wood Group's Core Profit
Tuesday, August 19, 2014 John Wood Group is banking on its presence in the US shale industry to drive growth.
Darwin Marine Supply Base in Australia's NT Officially Opened
Tuesday, August 19, 2014 ASCO reports that the Darwin Marine Supply Base in Darwin, Northern Territory, Australia has been officially opened by the state's chief minister.
Mermaid Maritime Rebrands Subsea Buiness Units, Reorganizes Business
Tuesday, August 19, 2014 Thailand-based Mermaid Maritime rebrands subsea business units and reorganizes the firm's subsea business.
Norwegian Union Settles Oil Industry Workers' Pay Dispute
Monday, August 18, 2014 SAFE accepts a pay deal for workers with oil service companies, calling off a strike that would have affected a Norwegian unit of Baker Hughes, an industry body says.
Spain's Tecnicas Reunidas Wins $1.5B Contract in Malaysia
Monday, August 18, 2014 Spanish oil engineering firm Tecnicas Reunidas wins a $1.5-billion turnkey contract in Malaysia.
Harkand Wins 3-Year Deal to Support Apache North Sea
Monday, August 18, 2014 Aberdeen-based oilfield services firm Harkand wins a three-year contract to support Apache North Sea.
SeaBird: 3D Seismic Vessels Taking on More 2D Jobs
Friday, August 15, 2014 3D seismic survey vessels are increasingly competing for 2D work, according to SeaBird Exploration.
Aquatic Asia Pacific Relocates Regional Headquarters to Singapore
Thursday, August 14, 2014 Aquatic Asia Pacific relocates its regional headquarters to Singapore.
Petrofac Awarded Engineering Contract in Malaysia
Wednesday, August 13, 2014 Petrofac wins an engineering, procurement, construction and commissioning contract in Malaysia.
Getech Sees Upturn in Exploration Services Market
Wednesday, August 13, 2014 Getech Chief Executive says the company has seen a 'significant' upturn in the exploration services market in recent weeks.
Zenith Energy Wins Tullow, Total Contracts
Wednesday, August 13, 2014 Scottish well management specialist Zenith Energy signs agreements with Tullow Oil and Total E&P.
Schlumberger Expects Russia Sanctions To Hurt Earnings
Tuesday, August 12, 2014 Schlumberger expects US and EU sanctions on Russia to hurt earnings during the third quarter.
Five Greka Drilling Rigs Arrive in India
Tuesday, August 12, 2014 Greka Drilling says that five of its GD75 rigs have arrived in India ahead of a 100-well drilling campaign for Essar Oil.
Aker and DNV in Collaboration Deal
Tuesday, August 12, 2014 Aker Solutions and DNV GL sign a deal that aims to lead to better technology collaboration and project execution between the two firms.
CAT Oil Keeps Outlook Despite Russia Sanctions
Monday, August 11, 2014 CAT Oil sticks to its 2014 outlook despite Western economic sanctions against Russia.
Polarcus 2Q Results Miss Forecasts, Firm Cuts Guidance
Friday, August 08, 2014 Seismic explorer Polarcus reports 2Q earnings below expectations, lower its full-year guidance.
Schlumberger Wins $185M Statoil Drilling Contract
Friday, August 08, 2014 Norway's Statoil awards Schlumberger a $185-million two-year contract to provide integrated drilling services for several fields on the Norwegian Continental Shelf.
Maersk to Start $700M Drilling Plan with Det Norske in Norway Soon
Thursday, August 07, 2014 Denmark's AP Moller-Maersk takes delivery of a jack-up rig, which is about to begin a five-year drilling program with explorer Det Norske.
TGS to Start New 2D Seismic Survey in Central GOM
Wednesday, August 06, 2014 Norway's TGS will begin a new 2D seismic survey in the ultra-deep water part of the US central Gulf of Mexico in 3Q 2014.
Petrofac Extends UK Services Contract with GDF Suez
Tuesday, August 05, 2014 GDF Suez E&P renews its integrated services contract with oilfield services firm Petrofac.
EMAS AMC Clinches $110M Contracts for Work in Asia Pacific, Africa and GOM
Tuesday, August 05, 2014 EMAS AMC clinches several contracts worth close to $110 million for projects in Asia Pacific, Africa and Gulf of Mexico.
TGS Boosts Order Book with New Seismic Contracts
Thursday, July 31, 2014 Seismic survey firm TGS continues to build its order book, winning three new contracts for multi-client surveys.
Tellus Gets Report on Prospective Oil Resources in Madagascar's Block 3114
Wednesday, July 30, 2014 Tellus Resources receives report from MHA Petroleum Consultants on the prospective oil resources in Block 3114, Madagascar.
Saipem Wins $850M of Drilling Contracts
Tuesday, July 29, 2014 Saipem wins $540 million of offshore drilling contracts stretching from Latin America to Indonesia, along with $310 million of onshore drilling contracts.
Petrofac Wins Shah Deniz 2 Project Work
Tuesday, July 29, 2014 Petroface win s $5 million maintenance build contract for the Shah Deniz 2 project in Azerbaijan.
Gulf Marine Sees Extensions to Vessel Contracts
Monday, July 28, 2014 Gulf Marine Services sees contract extensions for two of its Small Class vessels.
Technip Holds Naming Ceremony for New Subsea Vessel
Monday, July 28, 2014 Technip names its new subsea construction vessel 'North Sea Atlantic' at a ceremony in Norway.
Norwegian Seismic Survey Firms See Mixed Picture
Thursday, July 24, 2014 Petroleum Geo-Services reports a decline in second-quarter revenues and profits, while fellow Norwegian firm announces two new sampling contracts.
BW Offshore Takes 100% Ownership of Petroleo Nautipa FPSO
Thursday, July 24, 2014 BW Offshore pays almost $60 million to take complete ownership of the Petroleo Nautipa FPSO vessel.
Halliburton Sees N. America Margin Growth On Rise In Drilling
Monday, July 21, 2014 Halliburton says it expect higher margins in North America in the current quarter due to strong drilling activity, signaling an industry-wide recovery in the region after a two-year slump.
Baker Hughes Says New Technology To Lift N. American Results
Thursday, July 17, 2014 Baker Hughes posts better-than-expected profit and expects strong growth in North America as oil and gas producers turn to its new technologies to reduce drilling time and cut costs.
Norway's Aker Solutions Earnings, Orders Miss Forecasts
Thursday, July 17, 2014 Norwegian oilfield services firm Aker Solutions posts 2Q earnings and order backlog figures that fall short of expectations.
KCA Deutag Wins $170M Sonangol Rig Contract
Wednesday, July 16, 2014 KCA Deutag wins a $170-million rig contract with Sonangol for work offshore Angola.
PSS Plans to Recruit 40 Staff in NE Scotland
Tuesday, July 15, 2014 Aberdeen-based Process Safety Solutions plans to boost its staff at its new Wick facility, northeast Scotland, by up to 40 people.
Saipem Wins Contracts In Brazil, Angola Worth A Total $600M
Tuesday, July 15, 2014 Italian oilfield services company Saipem wins contracts in Brazil and Angola worth a combined $600 million.
Premier Awards Sea Lion Platform FEED Contract to AMEC
Friday, July 11, 2014 Premier Oil awards the front-end engineering and design contract for the Sea Lion tension leg platform to AMEC.
Norway's Aker Solutions to Take $211M Writedown
Friday, July 11, 2014 Norwegian oil services firm Aker Solutions will write down $211 million after tax from its earning in the second quarter due to impairments at Aker Oilfield Services.
Dutch Marine Services Company Fugro Warns Will Disappoint in 1H
Thursday, July 10, 2014 Dutch marines services firm Fugro blames weakness in the oil and gas sector for results that are expected to fall short of expectations.
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