Latest News - page 1492

 

Energy Companies’ Pounding a Periodic Thing

Aug 06, 2019

Although Norway’s offshore segments took a pounding in share-price value on Monday — with every segment incurring losses — the consensus here is that fundamentals offshore are good, and a combination of general uncertainty and specific contract losses are what rocked investors starting their week…

Prosafe's Fleet Utilization Hits Record

Aug 06, 2019

Norwegian flotel player Prosafe said that the utilization of its offshore accommodation rigs reaching the highest level in almost four years.Prosafe lifted fleet utilisation significantly in the second quarter of 2019 was 71.6 per cent (Q2 2018: 45…

BSEE Retains TGS

Aug 06, 2019

Norwegean surveying services company TGS-NOPEC Geophysical Company (TGS) has been awarded a five-year contract for Digital Well Log Data Processing with the United States Department of the Interior, Bureau of Safety and Environmental Enforcement (BSEE)…

Helix Finds Work for New Q7000 Vessel

Aug 06, 2019

Texas-based international offshore energy services company Helix Energy Solutions Group announced that it has entered into a contract for its new-build semi-submersible well intervention vessel, the Q7000.According to the provider of specialty services to the offshore energy industry…

NSER Wins $600mln Contracts in S. Arabia

Aug 06, 2019

National Energy Services Reunited (NESR), a provider of integrated energy services in the Middle East and North Africa (MENA) and Asia Pacific regions, has been awarded contracts worth US$660 million by Saudi Aramco for coiled tubing, stimulation and cementing services for a five year period…

Elektron Mobilized at Delfzijl

Aug 06, 2019

MV Elektron, a cable laying vessel available for use in the offshore wind industry, has arrived for demobilization at the port of Delfzijl under agency of Royal Wagenborg.Netherlands-based Royal Wagenborg said in a press release that the demobilization…

Tenaris Tests in Culzean Project

Aug 06, 2019

Tenaris has pushed the limits of its high pressure/high temperature (HP/HT) technology, and through precision in execution in testing, delivery, running and expert services, generated outstanding results for its work on Total’s Culzean project…

Aker BP Gets New Drilling Permit from NPD

Aug 06, 2019

The Norwegian Petroleum Directorate (NPD) has granted Aker BP  a drilling permit for well 30/12-2 located in the North Sea offshore Norway.Well 30/12-2, to be drilled from the Deepsea Stavanger drilling rig is a wildcat well in production licence 986…

Abrado Wins Chevron P&A Work

Aug 05, 2019

Abrado Wellbore Services said it has secured a multi-million dollar contract from Chevron’s Environmental Management Company to support the plug and abandonment (P&A) of more than 30 wells offshore California.The mature wells, which lie in Federal…

Saipem to Establish US Spool-base

Aug 05, 2019

Saipem announced on Monday it will establish a 'highly specialized' spool-base on Greenwood Island, Pascagoula, Miss. designed to provide support for vessels performing pipelay activities for offshore oil and gas development projects in the Gulf of Mexico…

Chevron Profit Surges 26%

Aug 05, 2019

Chevron Corp reported a 26.3% jump in quarterly profit on Friday, as higher oil and gas production and a one-time breakup fee from its failed bid for a rival more than offset lower energy prices and a rise in expenses.Results benefited from…

Exxon Mobil Profit Sinks

Aug 05, 2019

Exxon Mobil Corp on Friday reported a 21% drop in quarterly profit, its third period in a row of weaker year-over-year results, as sharply higher oil production was offset by weaker refining and chemicals business.Shares slipped 1.6 percent to $71…

Petrobras Reports Production Boost

Aug 05, 2019

Brazilian state-run oil company Petroleo Brasileiro SA, or Petrobras, posted a long-awaited production boost in July after a disappointing June, as it ramped up production in the promising offshore 'pre-salt' region.In a presentation to discuss record quarterly profits…

Kosmos Sees Mauritania, Senegal Deal by Year-end

Aug 05, 2019

Oil and gas explorer Kosmos Energy expects to have agreed by the end of this year to sell down its stake in projects off the coast of Mauritania and Senegal in which it partners with BP, Kosmos said on Monday.In December, BP and its partners…

Petronas Signs Offshore Deal with Gabon

Aug 05, 2019

Malaysian oil and gas company Petroliam Nasional Bhd (Petronas) has signed an agreement with Gabon for two exploration permits after the African country enacted a new oil law last month.A Bloomberg report quoted Noel Mboumba, Gabon’s petroleum…

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