Norway-based Bergen Group has appointed Hans Petter Eikeland as its new CEO as of today, 28 August. Hans Petter Eikeland is appointed up to July 2016 and succeeds Asle Solheim. “Eikeland has an industrial understanding and vigor that…
Floating production vessel operator BW Offshore has posted a 3% rise in operating revenues but says, which outsourced floating solutions remain an attractive option, the low oil price environment will see a reduction in orders that is expected to be prolonged…
LQT Industries, a full-service provider of accommodation facilities, design-build construction services, and support services to the oil and gas industry, has been awarded a contract for the construction of an E-House, a temporary living quarters building…
US-based Freeport McMoRan is cutting nearly 30% from its oil and gas division, and a total of 29% from its July 2015 estimates. Image from Freeport McMoRan. The natural resources…
Shell, the operator of the BC-10 field, has awarded a contract to Helix Energy Solutions Group’s robotics subsidiary, Canyon Offshore, to trench and bury over 40km of pipe in 1675m of water in the Campos basin offshore Brazil. The work…
Seadrill is keeping with its cost management program in part by delaying newbuilds, but still experienced a 7.8% decrease in revenue in 2Q 2015. The West Vela. From Seadrill. Currently…
Malaysia-based Bumi Armada Berhad saw a 22% decline in its revenue in 2Q 2015, but an increase in its EBITDA. Image from Bumi. The offshore oilfield service provider's revenue decreased by 22% to US$109 million (459…
Houston-based McDermott received its largest single award in the history of its Middle East operations today (27 August) by Saudi Aramco for brownfield work off Saudi Arabia. Signing the LTA. Image from McDermott…
The Coast Guard Sector New Orleans responded to a report of a natural gas pipeline fire, 25mi south of Marsh Island on Wednesday (26 August). Watchstanders at the Coast Guard received notification at 8:30 p.m. that a natural gas pipeline had ruptured and was on fire…
Five companies have been named as new North Sea player MOL Energy's collaborative partners, as part of an alternative approach to supply chain management championed by the firm's UK managing director. MOL says that after putting into…
Australian oil and gas explorer Tap Oil announced its entry into Myanmar to explore reserves in the shallow water areas in the Moattama basin. Tap, along with its joint venture partners, will explore the 13,000sq km Block M-7 located 160km east of the 6…
Amec Foster Wheeler has been awarded a three-year integrated services contract (ISC) by Maersk Oil covering its North Sea assets. The value of the contract has not been announced. The integrated services will start in September 2015 and will run for three years…
Total has agreed to sell all of its interests in the FUKA and SIRGE gas pipelines and the St. Fergus Gas Terminal in a US$905 million (£585 million) deal. Subject to regulatory approvals, the assets will be bought by North Sea Midstream Partners…
Shell has contracted Norwegian accommodation vessel operator Prosafe's Regalia unit to support work on the Brent C platform in the UK sector of the North Sea. Brent C is one of four platforms on the Brent field which Shell is working towards decommissioning…
CGG's E&P data management solution for the seismic, well and production modules in the Diskos database, Norway’s National Data Repository, is now in production and accessible to all members of the Diskos group. The Diskos implementation…
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