Pilot Energy has been granted by the National Offshore Petroleum Titles Administrator (NOPTA) a Transitional Work Program Variation for the offshore exploration permit WA-503-P, north of Dampier, Australia. Under the original permit conditions, the company had until May 12, 2015, to complete the 3D
An offshore gas pipeline in New Orleans caught fire on Wednesday, injuring two workers aboard a Dive Support Vessel. According to the U.S. Coast Guard, the incident happened 25 miles south of Marsh Island. Watchstanders at Coast Guard Sector New Orleans received notification at 8:30 p.m. that a natu
MacGregor, part of Cargotec, plans to reduce its workforce by 100 in MacGregor Uetersen site in Germany in order to restructure the operations to the weak market demand. In a press release issued Thursday, MacGregor said that the market situation had deteriorated due to the low oil price and low num
French CGG announced today that its 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. Diskos is a shared solution for storing and distributing se
Höegh LNG of Norway said its profit after tax was at US$6 million in the second quarter of this year, up from a loss of US$2.4 million in the previous quarter. The company’s EBITDA also rose to US$22.6 million in the quarter, as compared to US$16.5 million in the first three months of this year. [&h
Axis Offshore, an Oslo-listed supplier of flotels for the international oil and gas industry, reported a rise in its 2015 second quarter profit of $4.4. This is an increase compared to $800.000 in the same period a year ago. The company’s revenue was in line with last year, standing at $11.2 million
American Power Group Corporation said that its unit, American Power Group has secured $3.25 million of term loan financing from an accredited institutional investor of which certain members are affiliated with several members APGI’s Board of Directors.
Gazprom’s Chairman, Alexey Miller and Zhang Gaoli, First Vice Premier of China’s State Council and Wang Yilin, Chairman of the Board of Directors of China National Petroleum Corporation, met in Beijing.
Anheuser-Busch revealed it is replacing all 97 diesel-fueled tractors in its St. Louis fleet with new CNG fueled tractors.
Bodies of around 50 people have been found in the hold of a vessel carrying migrants and refugees from Libya to Europe, according to Italian Coast Guard. Close to 430 people have been rescued from the said vessel by the Swedish navy ship Poseidon, part of European Union’s Frontex border management p
Bodies of around 50 people have been found in the hold of a vessel carrying migrants and refugees from Libya to Europe, according to Italian Coast Guard. Close to 430 people have been rescued from the said vessel by the Swedish navy ship Poseidon, part of European Union’s Frontex border management p
Efforts to refloat the southbound vessel that became grounded at 1430 local time on Tuesday, August 25th in the newly expanded Suez Canal, Egypt are still underway, according to the most recent update ISS Egypt. “Suez Canal Authority (SCA) tugs are still assisting the vessel for re-floating operatio
Efforts to refloat the southbound vessel that became grounded at 1430 local time on Tuesday, August 25th in the newly expanded Suez Canal, Egypt are still underway, according to the most recent update ISS Egypt. “Suez Canal Authority (SCA) tugs are still assisting the vessel for re-floating operatio
WorleyParsons, an Australian provider of technical, project and operational support services, today announced a net loss of $54.9 million in its full year results 2015 report, which represents a 122% fall when compared to last year’s $249.1 million profit. This included the recognition of a non-cash
