Offshore Energy

Eni to Revive Saipem Sale Plans

The new management of Italy's Eni plans to press on with the sale of a controlling stake in oil services subsidiary Saipem so it can focus on the more lucrative business of finding oil and gas,

Study: An Arctic Oil Well Blowout Could Spread More Than 1,000km

Oil from a spill or oil well blowout in the Arctic waters of Canada's Beaufort Sea could easily become trapped in sea ice and potentially spread more than 1,000 kilometres to the west coast of Alaska,

TDW Replaces Valves, Repairs Lines Offshore Malaysia

Keeping offshore Malaysias safe; valve replacements and line repairs using SmartPlug isolation tool When it comes to keeping pipelines in top operating condition,

Westermeerwind Wind Farm Construction Begins

Mammoet announced today that Westermeerwind BV has reached financial close on July 25 for the turnkey construction of the Westermeerwind wind farm in Ijsselmeer,

Gas Prices Help Offset Statoil's Output Drop

Statoil's second quarter 2014 net operating income was NOK 32 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.

IHC Hytech Wins Order for Containerized Air-dive Spreads

IHC Hytech, part of Royal IHC, has secured an order for two innovative containerized air-dive spreads from Bluestream, an offshore and subsea company that operates in the oil and gas,

Repsol Profit Tops Forecasts on Refining Strength

Adjusted Q2 net profit 390 mln eur versus 296 mln forecast; refining margins up 19.2 percent, output down 5.8 pct. Shares up 1.8 percent, in line with market. Cash-rich

Oil Flat at $107; Good Supply Offsets Risk

Brent set to end week nearly flat as liquidity dries up. Cushing inventories fall further, near minimum operating levels. Oil held steady around $107 a barrel on Friday,

Gulf Island Fab Sign Bechtel Offshore Cooperation Agreement

Gulf Island Fabrication, Inc. says it has signed a cooperative agreement with Bechtel Oil, Gas, and Chemicals, Inc. to work together to pursue opportunities for offshore projects for the U.

UK Chancellor Mentions Hi-Tech Tax Breaks on Bibby Offshore Visit

Bibby Offshore, subsea services provider to the oil & gas industry, says it has hosted a visit by George Osborne, Chancellor of the Exchequer, to the Company’s workshop,

Farstad Offshore Vessel Squadron Chartered Out

Farstad Shipping ASA reports the following charter contracts, with a total value (including options) of approximately NOK 1.75-billion, as follows: Inpex has awarded

Better Operational News from Fugro

Fugro says that (an as yet unidentified vessel) recently affected by a fire is back in operation. The total time out of operation amounted to seven weeks. Secondly,

North Sea Operator Awards Contract to AGSL

Asset Guardian Solutions Ltd (AGSL), which specializes in protecting companies’ process critical software assets, announced that it has been awarded a key contract

New Crewboat Design for Offshore O&G Market

Upgraded crewboat design employs carbon-reinforced composite materials and is lighter, faster and more fuel-efficient than alternatives. Marine Oil Transportation

Husky Energy Profit Rises on Increased Production

Husky Energy Inc, Canada's No.3 integrated oil company, reported a 4 percent increase in second-quarter earnings, helped by an 8 percent rise in production. Net

Noble Energy's Net Income Almost Halved

Oil and natural gas producer Noble Energy Inc's net income nearly halved due to a $187 million loss on commodity derivatives. Net income fell to $192 million,

Repsol: Return Shareholders Money if No Acquisitions

Spain's Repsol will return cash to shareholders if it fails to identify a company or assets that meets its acquisition goals, Chief Financial Officer Miguel Martinez

Technip Cuts Unit Margin Goal, Cites Russia Sanctions Risk

French oil services firm Technip on Thursday cut its operating margin target for its onshore/offshore unit for this year and next, citing the possible impact of

TGS Get Two Seafloor Sampling, Seep Study Contracts

TGS says the two multi-client geochemical seafloor sampling and seep studies offshore are for work off Canada and in the Barents Sea. Sampling locations for both

2,545 Candidates Vie for 11 Positions at Maersk Drilling

Maersk Drilling reported 2,545 applicants for the 11 MITAS engineer positions available within the company in 2014. The Maersk International Technology and Science Program,

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