Offshore Energy

Odfjell Drilling in Tighter 2Q 2014 N. Sea Market

Odfjell Drilling reports second quarter 2014 financial results showing a profit of US$29-million. Profit & loss Q2 2014 Operating revenue for Q2 2014 was USD 272 million (USD 289 million),

Maersk Drilling Aims to Scale Up Personnel Diversity

Maersk Drilling notes that as of July 2014 it is present in 14 countries and its employees represent 65 nationalities. A diverse workplace yes – but the company

Rosneft Restores Meteorological Observations System in Kara Sea

As part of a large-scale summer Arctic research expedition "Kara-Summer - 2014" a meteorological station was installed that meets the latest modern requirements for such equipment,

CWind Launches New Vessel

CWind, a provider of integrated services to the offshore wind industry, has launched its new vessel CWind Fulmar in a naming ceremony in Brightlingsea. The CWind Fulmar, built by CTruk Ltd.

Policy Uncertainty Threatens to Slow Renewable Energy Momentum

IEA forecast sees renewable power as a cost-competitive option in an increasing number of cases, but facing growing risks to deployment over the medium term. The

Lamprell First Half Results Beat Expectations

Lamprell today announced its financial results for the first half of 2014, reporting results ahead of expectations due to strong operational performance and early results from savings initiatives,

Shell, Total, Eni Key Winners in Rosneft Sea-borne Urals Tender

Royal Dutch Shell, Total and Eni were key winners in Russia's Rosneft sea-borne Urals tender in the Baltics for October 2014 through March 2015, trading sources told Reuters.

Kongsberg to Supply FPSO Safety System

Kongsberg Maritime Engineering (KME), the wholly owned Engineering, Procurement and Construction (EPC) subsidiary of global maritime technology developer Kongsberg Maritime,

CWind Wins 3-year O&M Services Contract

CWind, a provider of services to the offshore wind industry, have signed a three-year contract to provide crew and equipment transfer for DONG Energy and Scottish

OPEC's August Output Up, Libya Recovery Holds

Supply rises by 90,000 bpd, led by Libya, Angola; output falls in Iraq; Gulf countries keep supply flat. OPEC output stays above 30 million bpd supply target. OPEC's

UK's Hound Point VLCC Jetty Down Until Sept. 15

The supertanker jetty at the North Sea's Hound Point crude oil terminal is shut for maintenance and will not reopen until Sept. 15, operator BP Plc said on Thursday,

PetroChina Q2 Profit Jumps

Net profit rises to 33.9 billion yuan vs 29.5 billion; PetroChina says aims to make Athabasca payment soon. PetroChina, the country's top oil and gas producer which also owns refineries,

Joint Petroleum Development in South China Sea Makes Sense

Shared development of oil, gas and possibly other natural resources is the most promising option for reducing tensions in the South China Sea and should be the

Hunting 1H 2014 Profit Driven by GoM Drilling

Energy services firm Hunting Plc shrugged off a poor start to the year and posted a 2.6 percent increase in first-half pretax profit, helped by strong demand in the Gulf of Mexico.

Mzia Well Supports Potential Hub Development Offshore

  BG Group plc a world leader in exploration and LNG, today announced that results from a recently completed second drill-stem test (DST) on the Mzia discovery in Block 1,

DNV GL-led collaboration to enhance BOP maintenance

  The maintenance of blowout preventers (BOPs) has significant financial, logistical and safety implications for drilling operators and rig owners. DNV GL has

UTEC Survey Completes Apache Infield AUV Inspection

UTEC Survey Australia Pty Ltd announced the successful completion of a major infield inspection of approximately 550 km of pipelines and 20 infield structures off

Repsol to Drill First Phase of Canary Islands Solo

Repsol, part of a consortium planning to explore for oil off the Canary Islands, will carry out the first phase of the project on its own, a source with knowledge of the matter said on Wednesday.

Bibby Offshore Expands in Norway

Bibby Offshore announced its continued international expansion with the opening of an office in Stavanger, Norway. The Norwegian office for Bibby Offshore will be headed by Arne Lier.

SBI Offshore Negotiating Contract for Rig Builds

SBI Offshore Limited has announced that the Middle East-Chinese consortium, which recently awarded its subsidiary a contract to provide design and engineering services for a jack-up drilling rig,

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