Daily Archives: October 27, 2016

GasLog Partners buys GasLog Santiago

Rate this article By LNG World News Image courtesy of GasLogGasLog Partners said it has entered into an agreement with GasLog to acquire the LNG carrier, GasLog Seattle. The aggregate purchase price for the vessel will be US$189 million, which includes $1 million for positive net working capital balances to be transferred with the vessel….

ConocoPhillips narrows its loss

Rate this article By Offshore Energy Today.. American independent oil and gas company ConocoPhillips on Thursday posted a smaller loss for the third quarter of 2016 compared to the prior-year third quarter. The company reported third-quarter 2016 net loss of $1.0 billion, compared with a third-quarter 2015 net loss of $1.1 billion. Production for the…

National Oilwell Varco swings to loss due to impairments

Rate this article By Offshore Energy Today.. U.S. oilfield equipment provider National Oilwell Varco (NOV) sank to a loss during 3Q 2016 due to impairment charges as its revenues halved during the quarter. On Wednesday, NOV reported a third quarter 2016 net loss of $1.36 billion compared to a profit of $155 million in the…

Chart narrows guidance as sales decline

Rate this article By LNG World News Ohio-headquartered LNG engineer, Chart Industries reported an increase int third quarter income, reaching US$15 million up from $4.8 million in the corresponding quarter in 2015. The company noted that its distribution and storage segment has seen a “good order flow” from LNG terminals in Europe, although its third…

Red ink for Polarcus in 3Q

Rate this article By _Offshore_Energy_Today_ Polarcus, an offshore geophysical company, went from black to red during the third quarter 2016 compared to a year earlier performance. The geophysical company’s net loss for the quarter was $17.4 million, versus a $19.8 million profit in the corresponding quarter in 2015. Further, Polarcus’ revenues dropped by more than…

OEEC: Master Class for HR in offshore energy

Rate this article By _Offshore_Energy_Today_ The final Master Class at Offshore Energy Exhibition & Conference, organized in cooperation with Ditio Project Controls Management, on Wednesday, October 26, was a dedicated HR professionals session on how to handle layoffs as well as recruitment during a downturn. The master, René Annema, Head of Outplacement & Relationship Management…

OEEC: Human Capital Panel – Lower for longer

Rate this article By Offshore Energy Today.. How to navigate the downturn in the offshore and energy industry from a human capital perspective? That was the focus of the Human Capital Panel on Wednesday morning at Offshore Energy Exhibition & Conference. The panelists, all with an HR background, shared their expertise under the guidance of…

OEEC: Master Class with Eric van der Meer, CEO of Airborne Oil & Gas B.V.

Rate this article By _Offshore_Energy_Today_ Day two of Offshore Energy Exhibition and Conference also saw the second Master Class, organized in cooperation with InContext, taking place, this time with CEO of Airborne Oil & Gas B.V., Eric van der Meer who challenged the attendees (students and young professionals) to create new opportunities new technology acceptance…

Technip sees profit growth despite lower revenues

Rate this article By Offshore Energy Today.. French oilfield services company Technip, soon to merge with the U.S.-based provider FMC Technologies, posted a higher profit for the third quarter of 2016 despite lower revenues. The company on Thursday reported that its 3Q 2016 net income was 12.4% higher when compared to 3Q 2015. The net…

ExxonMobil boosts estimates for Liza oil discovery (Guyana)

Rate this article By _Offshore_Energy_Today_ Oil giant ExxonMobil has further solidified its claims of a ‘world class discovery’ offshore Guyana after completing the drilling of the Liza-3 well in the Stabroek block. To remind, ExxonMobil already drilled the Liza-1 and Liza-2 wells and claimed to have found a ‘world class oil discovery.’ The Liza-1 well…