Latest Oil platforms Stories

Basic Energy Services Reports Selected Operating Data For April 2012

2012-05-15 02:23:34

MIDLAND, Texas, May 15, 2012 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of April 2012. Basic's well servicing rig count remained unchanged at 431. Well servicing rig hours for the month were 77,800 producing a rig utilization rate of 78%, compared to 78% and 67% in March 2012 and April 2011, respectively. Hours per weekday increased slightly despite the shortened workweek leading up to the Easter weekend....

FMC Technologies Completes Acquisition of Control Systems International

2012-04-30 10:22:25

HOUSTON, April 30, 2012 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has completed the acquisition of Control Systems International, Inc. (CSI). CSI is a leading supplier of innovative control and automation system solutions for the oil and gas industry and other markets. The company has operations in Lenexa, Kansas; Irvine, California; and London, England. FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the...

Wood Group Mustang awarded topsides engineering for world's largest semi-submersible production facility

2012-04-29 22:20:10

HOUSTON, April 30, 2012 /PRNewswire/ -- Wood Group Mustang has been awarded the topsides detailed engineering and procurement support for the semi-submersible central processing facility (CPF) in the Ichthys field development. The contract was awarded by Samsung Heavy Industries Co. Ltd., the EPC contractor for the CPF. The project, located off the northwest coast of Australia, in 250 meters of water, will be operated by INPEX. (Logo:...

Northern Offshore Increases Credit Facility

2012-04-27 10:24:26

HOUSTON, April 27, 2012 /PRNewswire/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today announced that the company has amended its existing Revolving Credit Facility from US$50 million to US$75 million. The facility is provided by Metrogas Holdings, Inc., an affiliate of the company's largest shareholder, Geveran Trading Co. Limited. The amended facility will be used for general working capital needs in conjunction with the start up of the previously announced new contracts for the...

FMC Technologies Completes Acquisition of Schilling Robotics

2012-04-25 14:20:31

HOUSTON, April 25, 2012 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has completed the transaction to acquire the remaining 55% of the outstanding shares of Schilling Robotics LLC ("Schilling"). (Logo: http://photos.prnewswire.com/prnh/20081222/LAM028LOGO) FMC had previously announced on January 3, 2012, its intention to purchase the remaining outstanding shares of Schilling and increase its ownership to 100 percent. Schilling is a leading producer...

Atwood Oceanics Announces Contract Extension for the Atwood Osprey

2012-04-23 02:22:38

HOUSTON, April 23, 2012 /PRNewswire/ -- ATWOOD OCEANICS, INC. announced today that one of its subsidiaries has been awarded a three year contract extension by Chevron Australia Pty Ltd ("Chevron"), for the semisubmersible Atwood Osprey. The Atwood Osprey commenced its initial three year drilling services contract with Chevron on May 27, 2011 for operations offshore Australia inclusive of the Greater Gorgon field development project. With this contract extension, the Atwood Osprey...

Commencement of Operations for Energy Searcher and Energy Driller

2012-04-19 10:20:39

HOUSTON, April 19, 2012 /PRNewswire/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today announced that both the semisubmersible Energy Driller and drillship Energy Searcher have commenced operations. The Energy Searcher went on dayrate under the contract with the Joint Operating Company Vietgazprom, a joint venture between Petrovietnam and Gazprom, ("VGP") for their drilling program offshore Vietnam on April 6, 2012. The duration is for a four-well program expected to last...

Noble Corporation Reports First Quarter 2012 Earnings of $0.47 per Diluted Share

2012-04-18 10:22:39

ZUG, Switzerland, April 18, 2012 /PRNewswire/ -- Noble Corporation (NYSE: NE) today reported first quarter 2012 earnings of $120 million, or $0.47 per diluted share, versus $127 million, or $0.50 per diluted share, for the fourth quarter of 2011. Earnings for the first quarter of 2011 were $54 million, or $0.21 per diluted share. Contract drilling services revenues for the first quarter of 2012 were $746 million versus $720 million for the fourth quarter of 2011 and $543 million in...

Deep Down Awarded $8 Million in Contracts

2012-04-16 06:22:02

HOUSTON, April 16, 2012 /PRNewswire/ -- Deep Down, Inc. (OTC QB: DPDW), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced it has been awarded multiple contracts worth nearly 8 million dollars from a major international oil and gas operator. Deep Down will design, fabricate, assemble, install and test control systems to operate flowline isolation valves on three platforms in the Gulf...

SPAR Invites Budding Writers to See the World in Incredible New Campaign!

2012-04-03 22:20:26

AMSTERDAM, April 4, 2012 /PRNewswire/ -- SPAR International is offering lucky winners the once-in-a-lifetime opportunity to travel the world and report back on SPAR in countries all over the globe - 14 countries in 4 continents in 4 months! The See the World with SPAR http://www.seetheworldwithspar.com campaign is a truly exciting concept in keeping with the spirit of the SPAR brand. The video outlining the application procedure can be seen here...