Offshore Energy

Diamond Offshore profit falls as rig demand softens

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a 17 percent drop in quarterly profit as demand fell for rigs used in deep water drilling.

Wind Farm Operator Theolia to Refinance Bond

French wind farm operator Theolia said it was looking at several options to refinance a 126 million euro ($174.2 million) convertible bond, which it would be unable

Noble Energy Q1 Profit Drops 23 Percent

Oil and natural gas producer Noble Energy Inc posted a 23.4 percent drop in quarterly profit on Thursday due in part to hedging losses and a jump in income taxes.

Atkins Gain Maersk Oil Engineering Contract

Design, engineering and project management consultancy Atkins, says it has been awarded an engineering support contract covering three of Maersk Oil’s UK assets in the North Sea.

Underwater Laser Scanning for Subsea Pipeline Inspection

Underwater Laser based micro-bathymetry is becoming a new standard for subsea pipeline and asset inspection. As the industry moves to deeper and more hostile environments for extraction of oil,

The Future of Arctic Drilling: 90 Billion Barrels & Counting

Royal Dutch Shell announced at the end of January that it would suspend all drilling activity in Arctic waters off Alaska due to a “multibillion-dollar scaling back of new projects.

Offshore Oil & Gas: Brazil’s Northern Frontier

In an effort to spread out oil and gas production to other parts of the country and increase overall oil production, Brazil has finally intensified hydrocarbon

New Malaysian Offshore Gas Pipeline Safely Tested

T.D. Williamson (TDW) announced that as the result of a pressure isolation carried out on a major export gas pipeline offshore Malaysia, the pipeline was safely

C-MAR's Modern Approach to DP Training in Brazil

The modern offshore maritime industry heavily relies on different classes of DP vessels, from OSVs to Drillships and Tankers, almost all vessels serving the oil

RWE Eyes Bigger Role in Energy Saving Business

German utility RWE plans to sell more energy saving products, its head of strategy said, as it strives to offset some of the losses made by its power plants across Europe.

Rosneft Mulling Angola Oil Projects

Russia's oil producer Rosneft said on Wednesday its delegation in Angola has discussed possible participation of the Kremlin-controlled company into exploration

Major Oil Explorer Buys Hess Thailand

 PTT Exploration and Production Pcl (PTTEP), Thailand's top oil and gas explorer, has bought Hess Corp's assets in Thailand in a deal worth $1 billion as part of its attempt to boost its gas business,

UK Subsidises 8 Renewable Energy Contracts

The British government on Wednesday awarded investment contracts under a new subsidy regime to eight renewable energy projects, including five offshore wind farms and three biomass plants.

Aker Joins Baker Hughes in Subsea Production Alliance

From Oslo, Norway, and Houston, Texas,  respectively Aker Solutions ASA and Baker Hughes Incorporated inform they have agreed to form an alliance to develop technology

McDermott Elect G.P. Luquette Board Chairman

Provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments worldwide, McDermott International, say that Gary P.

SEACON Earns International Trade Award

SEACON (Europe) Ltd., part of the SEA CON Group, announced that it was named winner of a Queen’s Award for International Trade. The SEA CON Group a company in underwater connector technology,

North Sea Maintenance Offsets Lack of Sales to Asia

North Sea Forties crude differentials were unchanged on Tuesday in light trade, supported by upcoming North Sea maintenance, but the forward curve weakened due

Prysmian Awarded Emirates Contract

Prysmian Group has been awarded a new contract worth approximately € 30 Million by UAE-based construction company Emirates Holding on behalf of major offshore oil

Hydrasun Announces Manufacturing Investment

Hydrasun  power and control solutions to the global energy market, is looking to expand its operations with a £3million investment in its specialist manufacturing facility in Aviemore.

Decom North Sea Appoints New Chief Executive

The Board of Directors at Decom North Sea (DNS), the offshore oil and gas decommissioning forum, announced the appointment of a new chief executive to lead the

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