News Topics: Oilfield Services
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Upstream PS Secures Contract for Australia Pacific LNG Project
Friday, February 06, 2015 Upstream PS, a unit of GR Engineering, secures a deal to provide maintenance and operations support services for the Australia Pacific LNG Project in Australia.
TGS Bucks Gloom with Record Results
Thursday, February 05, 2015 TGS reports 4Q revenue up more than 10 percent, while its order backlog is 13-percent greater than three months previously.
Shell Plans to Start North Sea Brent Platform Decommissioning
Tuesday, February 03, 2015 Shell intends to start a 10-year process to dismantle and remove one of Britain's oldest and biggest oil platforms, Brent Delta, the company says.
Alam Lands Contract for Repair, Maintenance Project in Kedah, Malaysia
Friday, January 30, 2015 Alam Maritim lands contract to provide air/saturation diving services for a repair and maintenance project in Kedah, Malaysia.
DNV Wins Verification Services Contract with Wintershall
Thursday, January 29, 2015 Technical services firm DNV is selected by Wintershall Norge to supply verification services for the SURF part of the Marian field development project in the Norwegian Sea.
Gulf Marine Wins 4-Year Vessel Contract
Wednesday, January 28, 2015 Gulf Marine Services wins a new four-year contract for one of its large-class vessels.
Technip Wins 2 Subsea Contracts in Gulf of Mexico
Tuesday, January 27, 2015 Technip wins two subsea contracts with Stone Energy Corporation for the Amethyst field in the US Gulf of Mexico.
As Oil Slides, Singapore Oilfield Service Firms Struggle to Refinance Debt
Tuesday, January 27, 2015 Ezra Holdings and Swiber Holdings are finding it tough to refinance debt maturing later this year due to the slump in crude prices, according to banking sources.
Software Firm AVEVA Sees Increased Uncertainly in Oil & Gas Market
Monday, January 26, 2015 Engineering software business AVEVA Group reports 'increased uncertainty and reduced visibility' among its oil and gas clientele.
In Battered Oil Services Sector, Smallest Look Weakest
Friday, January 23, 2015 Slammed by plunging oil prices, oil services companies face a bleak outlook of cutbacks and contract cancellations.
Seadrill to Guarantee North Atlantic Drilling's NOK 1.5B Bond
Thursday, January 22, 2015 Offshore drilling firm Seadrill says it will provide a guarantee for subsidiary North Atlantic Drilling's $197-million bond maturing in 2018.
STATS Group Plans Further Expansion after Securing $6.5M
Tuesday, January 20, 2015 Scottish pipeline specialist STATS Group plans further international expansion after securing an additional $6.5 million in investment.
Maritime Developments Wins Subsea Order
Tuesday, January 20, 2015 Scotland's Maritime Developments wins $10.5 million of contracts, including a deal to supply a new portable overside vertical lay system.
Oil Services Firm Kvaerner Finalizes $262M Statoil Contract
Tuesday, January 20, 2015 Norway's Kvaerner finalizes a $262-million platform contract with Statoil.
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