News Topics: Oilfield Services
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SeaBird Wins South American 2D Seismic Contract
Thursday, March 06, 2014 SeaBird Exploration wins a $9-million contract for its Osprey Explorer to acquire 2D seismic data in South America.
Hunting Profit Flat on Weak North Sea, Canada
Thursday, March 06, 2014 Energy services firm Hunting posts a flat profit as a lack of drilling in the North Sea and Canada hits demand for equipment and services.
Ezra Clinches $125M Contracts to Work in Asia Pacific, West Africa
Wednesday, March 05, 2014 Ezra Holdings clinches subsea construction and offshore support contracts in Asia Pacific and West Africa totaling $125 million.
Subsea 7 Remains Positive despite Weak EPIC Market
Wednesday, March 05, 2014 Oilfield services firm Subsea 7 remains positive about medium and long-term prospects for its business in spite of a weak market for EPIC contracts.
Wood Group Wins New North Sea Contract from Chevron
Wednesday, March 05, 2014 Oilfield services firm wins an extension contract from Chevron North Sea Limited, its second deal with Chevron North Sea in six months.
Seadrill Expects High Rig Rates In African Contracts
Tuesday, March 04, 2014 Seadrill is likely to get higher-than-expected rig charter rates in forthcoming African contracts, even while rates fall across the industry, its CFO says.
Lamprell Sells Services Division to Pay Down Debt
Monday, March 03, 2014 Rig maker Lamprell sells its International Inspection Services division to Intertek for $66 million.
Ceona Names New Offshore Construction Vessel
Monday, March 03, 2014 Offshore services firm Ceona names its new high-capacity, flexible pipelay vessel the Polar Onyx at a ceremony in Norway.
Odfjell to Take Delivery of 'Deepsea Aberdeen' Rig by November
Friday, February 28, 2014 Odfjell Drilling says a revised schedule will see it take delivery of the 'Deepsea Aberdeen' rig by November this year.
Hallin Marine Completes Subsea Project at Thailand's Bualuang Oil Field
Friday, February 28, 2014 Hallin Marine completes an urgent subsea survey and repair project at Bualang oil field in B8/38 concession in the Gulf of Thailand.
Subsea 7 Wins Hebron Field Contract Offshore Canada
Friday, February 28, 2014 ExxonMobil awards Subsea 7 a $75-million deal to supply three years of subsea construction services to the Hebron heavy oil field development, offshore Canada.
DNV GL Opens New Asia Pacific Headquarters in Singapore
Friday, February 28, 2014 DNV GL consolidates regional operations at its new Asia Pacific headquarters in Singapore.
Aker Sees Positive Future after Record Subsea Order Backlog
Friday, February 28, 2014 Aker achieves record orders at its Subsea business and sees a positive short-term outlook for the oilfield services sector.
Rig Salvage Work off Angola LNG to Start in 2Q
Friday, February 28, 2014 Salvage work to remove a capsized drilling rig offshore Angola is due to start during the second quarter, says Saipem.
Sea Truck Clinches Flotel Services Contract for Ichthys LNG Project
Friday, February 28, 2014 Sea Trucks clinches a contract to provide flotel services to Inpex Operations Australia for the Ichthys liquefied natural gas project in the Browse Basin, Western Australia.
Weir Group Pegs Growth Hopes on Upstream Spending
Wednesday, February 26, 2014 Pumps and valves firm Weir Group plans to capitalize on an increase its oil and gas customers' upstream spending.
Oil Services Must Take On More Risk, Petrofac CEO Warns
Wednesday, February 26, 2014 Petrofac CEO says oil services companies will have to assume more risk in coming years as investor pressure and a flat crude price make clients push harder to avoid delays on megaprojects.
SeaBird Sees 'Moderate' Seismic Market Improvement
Wednesday, February 26, 2014 SeaBird Exploration says it is currently seeing a "moderate improvement" in global seismic demand amid a general softening in the market.
Seadrill Sees Bigger Drilling Market Slowdown
Tuesday, February 25, 2014 Seadrill expects the drilling market to slow over the next two years as energy firms focus on saving cash for dividend payments and delay exploration projects.
Talisman Sinopec Deal Secures 550 Jobs at Wood Group
Tuesday, February 25, 2014 A five-year deal to supply engineering and modification services to Talisman Sinopec Energy UK's North Sea assets secures approximately 550 onshore and offshore jobs at Wood Group.
Odfjell Wins 4-Year Extension BP Drilling Contract
Tuesday, February 25, 2014 Odfjell wins $165 million, 4-year extension to deal that provides drilling services to BP in the UK North Sea.
Saipem Wins $520 Offshore Contracts in Congo, Indonesia
Monday, February 24, 2014 Italy's Saipem wins $520 million of new contracts for offshore engineering and construction work in Congo and Indonesia.
Technip Shares Up After Order Book Rise, Dividend Increase
Thursday, February 20, 2014 Oilfield services firm Technip sees an increased order backlog, easing concerns about spending cuts but its clients.
Aqualis Opens Abu Dhabi Office
Wednesday, February 19, 2014 Offshore consultancy Aqualis Offshore opens an office in Abu Dhabi, UAE.
Wood Group Expects US Shale To Drive 2014 Growth
Tuesday, February 18, 2014 UK energy services firm Wood Group says it expects strong demand for services in US shale to drive overall growth at the firm.
Fugro Bags IMR Services Contract for Shell's Malaysia Subsea Facilities
Tuesday, February 18, 2014 Fugro bags a $250 million subsea inspection, maintenance and repair services contract for Shell's subsea infrastructure across Malaysia.
Rig Firm Songa Offshore Misses Forecast with 4Q Loss
Monday, February 17, 2014 Norwegian rig operator Songa Offshore says its Cat D rig development project remains on track as it reports disappointing 4Q results.
Gulf Marine Services to Float in London
Monday, February 17, 2014 Gulf Marine Services plans to float its shares on the London Stock Exchange in an IPO designed to raise $100 million for new vessels.
Subsea Business Drives Growth at Aker Solutions
Thursday, February 13, 2014 Aker Solutions sees more sales and robust order book thanks to a strong performance in its subsea business, but its maintenance unit is affected by reduced spending by oil firms in Norway.
Technip Wins New Award for Asgard Subsea Compression Project
Tuesday, February 11, 2014 Technip is awarded a new contract from Statoil for intervention services on subsea compression stations at the Asgard field, offshore Norway.
Helix Inks Petrobras Deal Offshore Brazil
Tuesday, February 11, 2014 Helix Energy Solutions enters into agreements with Petrobras to provide well intervention services offshore Brazil.
Offshore Accommodation Provider Prosafe Warns of Tougher Times as 4Q Beats
Monday, February 10, 2014 Offshore accommodation supplier Prosafe warns of tougher times in spite of strong fourth quarter.
Oil, Gas Business Helps Drive Kongsberg Revenue Growth
Friday, February 07, 2014 Kongsberg Gruppen reports that its oil and gas business helped to boost its operating revenues in 2013.
SBM Offshore Expects Flat Directional Revenue
Thursday, February 06, 2014 Dutch FPSO operator SBM Offshore forecasts flat revenue of $3.4 billion for 2014 after posting a net loss due to one-off charges.
GE Oil & Gas CEO Upbeat Despite Potential Capex Slowdown
Monday, February 03, 2014 GE Oil & Gas CEO Lorenzo Simonelli says his firm "feels good" about prospects for it within the industry over the longer term in spite of a potential slowdown in capital spending during 2014.
National Oilwell Adj Profit Boosted By Rig Technology Business
Friday, January 31, 2014 National Oilwell Varco sees nine percent increase in revenues thanks to strong demand for its rig technology services.
Kongsberg Wins Systems Contract for Petrofac Vessel
Thursday, January 30, 2014 Kongsberg Maritime Engineering wins a deal to supply electrical, telecoms and control systems for the new Petrofac JSD 6000 deepwater derrick lay vessel.
Ezra's EMAS AMC Bags $80M Contracts for Subsea Projects
Friday, January 24, 2014 Ezra Holdings' unit EMAS AMC bags contracts worth $80 million for subsea projects in Asia and in the Americas.
Bentec Wins Algerian Order for 7 Rigs
Friday, January 24, 2014 German rig manufacturer wins its biggest order to date in seven-rig deal with Algeria's Enafor.
Ramform Atlas Seismic Vessel Named in Japan Ceremony
Friday, January 24, 2014 PGS names its new seismic survey vessel 'Ramform Atlas' at a ceremony in Nagasaki, Japan.
Scomi, Handal Collaborate to Seek Businesses in Africa, ME
Friday, January 24, 2014 Scomi Energy Services' unit inks agreement with Handal Resources to collaborate in search of business opportunities in Africa and Middle East.
Saudi's SABIC Expects To Enter US Shale Market This Year
Wednesday, January 22, 2014 Saudi Basic Industries plans to invest in the US shale gas this year.
Halliburton, Baker Hughes See Slight Pickup In N. America
Tuesday, January 21, 2014 Halliburton and Baker Hughes expect an improvement in North American margins, driven by a modest pickup in onshore activity and strong deepwater drilling in the Gulf of Mexico.
GE Profit Rises, Helped by Oil, Gas Business
Friday, January 17, 2014 General Electric posts a rise in quarterly net profit driven in part by its oil pumps business.
Drilling Outside N.America Drives Schlumberger Profit
Friday, January 17, 2014 French oilfield services giant Schlumberger reports a better-than-expected jump in fourth-quarter profit thanks to robust international drilling activity.
Ezra Eyes US Listing for Subsea Services Unit EMAS AMC
Friday, January 17, 2014 Ezra Holdings appoints J.P. Morgan to advise the firm on strategic options for its subsea services unit EMAS AMC, including a possible listing in the United States.
Petrofac Awards Keys Contracts for Derrick Lay Vessel
Thursday, January 16, 2014 Petrofac awards all the key contracts for its Petrofac JSD 6000 deepwater derrick lay vessel.
Lamprell Says 2013 to be Ahead of Expectations
Thursday, January 16, 2014 Oil rig maker Lamprell expects its 2013 performance to be ahead of expectations due to improvements in project execution.
BCSS Wins $157M Contract to Operate JTC's Jurong Rock Caverns
Wednesday, January 15, 2014 JTC Corporation awards a 15-year contract, worth $157.3 million, to Banyan Caverns Storage Services to operate the Jurong Rock Caverns in Singapore.
IEV Bags Deal to Decommission, Tow FPSO Located Offshore Terengganu
Wednesday, January 15, 2014 IEV reveals that its associate company in Malaysia has bagged a contract to decommission and tow a floating production, storage and offloading vessel located offshore Terengganu, Malaysia.
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