Search results for: MP Drilling

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  • 30 November 2015
    Exploration & Production

    The rig construction dispute between Marco Polo Marine’s Marco Polo Drilling (MP Drilling) and Sembcorp Marine’s PPL Shipyard shows no signs of stopping, as both companies keep refuting the claims of the other.  In its latest announcement issued on Monday, MP Drilling disagreed with PPL’s statement from last week accusing MP Drilling of being in a repudiatory […]

  • 2 December 2015
    Exploration & Production

    Sembcorp Marine’s PPL Shipyard on Tuesday started a court action in the Singapore High Court against Marco Polo Marine, a parent company of Marco Polo Drilling, as their rig construction dispute keeps heating up.  To remind, PPL Shipyard (PPLS) was building a jack-up rig of a Pacific Class 400 series for MP Drilling, due for […]

  • 25 November 2015
    Business & Finance, Exploration & Production

    Responding to Marco Polo Drilling’s Tuesday announcement about launching a contractual dispute process against Sembcorp Marine’s PPL Shipyard, the yard on Wednesday said the contract was still in effect and that, in fact, MP Drilling was in breach.  To remind, MP Drilling, a subsidiary of Marco Polo Marine, last week abolished a jack-up rig construction contract with […]

  • 18 November 2015
    Business & Finance, Exploration & Production

    Marco Polo Drilling (MP Drilling) on Tuesday terminated a newbuild rig construction contract with Sembcorp Marine’s subsidiary PPL Shipyard.  MP Drilling entered into a rig construction contract with PPL Shipyard in February 2014. The contract for a high-spec jack-up drilling rig was worth $214.3 million and the rig was scheduled for delivery in the fourth quarter of […]

  • 24 November 2015
    Exploration & Production

    Marco Polo Marine’s subsidiary, Marco Polo Drilling (MP Drilling), on Tuesday initiated the contractual dispute process against Sembcorp Marine’s subsidiary, PPL Shipyard, seeking refund of payments made for a rig construction.  Namely, MP Drilling last week cancelled a newbuild rig construction contract with PPL due to, as the company said, PPL’s failure to comply with certain of its material […]

  • 26 February 2014

    Marco Polo Marine’s wholly-owned subsidiary, Marco Polo Drilling (I) Pte. Ltd. (MP Drilling), today entered into a rig construction contract with PPL Shipyard Pte Ltd (PPL), a subsidiary of Sembcorp Marine Limited. The contract is for the construction of a high-specification jack-up rig based on PPL’s proprietary Pacific Class® 400 design. The new rig, estimated […]

  • 7 April 2016
    Business & Finance, Exploration & Production

    Sembcorp Marine, a Singapore-based rig builder, has yet to resolve a contractual dispute which began in November 2015, when its client, Marco Polo Drilling, broke off a rig construction deal. At the time, Marco Polo said it would terminate the $214 million rig construction deal it had signed in February 2014, with Sembcorp’s subsidiary PPL […]

  • 25 April 2016

    Marco Polo Marine, a Singapore-based marine logistic services provider, has won a grant of stay of legal proceeding initiated by the PPL Shipyard against the company. To remind, the PPL Shipyard, a Sembcorp Marine subsidiary, in December 2015 started a legal action against Marco Polo over a jack-up rig contract termination the company had ordered […]

  • 13 June 2019
    Exploration & Production

    Talos Energy has confirmed its Bulleit appraisal well, which is located in the U.S. Gulf of Mexico, as commercial discovery. 

  • 21 May 2019
    Exploration & Production

    Oil and gas company Talos Energy has encountered encouraging results following initial LWD data from its operated Bulleit appraisal well located in the U.S. Gulf of Mexico.  The Bulleit oil appraisal well is located in Green Canyon 21, which is operated by Talos Energy with a 50% interest. Talos’ partners are EnVen Energy Ventures and […]

  • 8 August 2019
    Exploration & Production

    Talos Energy has discovered more oil pay in the deeper target of its operated Bulleit well located in the U.S. Gulf of Mexico. The well will be tied back to Talos’ GC 18 facility, which is located about 10 miles west of Bulleit.

  • 3 October 2013

    The Department of Energy (DOE) together with the Malampaya Joint Venture Partners today turned over a total of US$1.1 billion dollars to the Philippine National Government in a ceremonial check handover held at the Office of the Secretary, Department of Finance Building, Manila. The amount represents the government’s revenue from operations for the year 2012, […]

  • 17 April 2018
    Exploration & Production

    An offshore drilling vessel caught fire while operating in the South China Sea offshore Miri, Malaysia, early Tuesday morning.

  • 28 August 2014

    The New Democratic Party (NDP), Canada’s major social democratic federal political party, is calling for a moratorium on offshore work near Cacouna, Quebec.

  • 21 May 2014
    Business & Finance, Project & Tenders

    KrisEnergy Ltd.’s wholly owned subsidiary, KrisEnergy Management Ltd, has agreed with Mubadala Petroleum to purchase the entire issued and paid up share capital of MP G10 (Thailand) Limited, the entity holding a 75% working interest in, and operatorship of, the G10/48 licence in the Gulf of Thailand. KrisEnergy acquired in 2009 a 25% non-operated working […]

  • 21 May 2014
    Business & Finance, Project & Tenders

    KrisEnergy’s wholly owned subsidiary KrisEnergy Management Ltd (“KEML”), has agreed with Mubadala Petroleum to purchase the entire issued and paid up share capital of MP G10 (Thailand) Limited, the entity holding a 75% working interest in, and operatorship of, the G10/48 licence in the Gulf of Thailand. KrisEnergy acquired in 2009 a 25% non-operated working […]

  • 1 April 2012
    Business & Finance

    Total hosted a press conference, attended by Rt Hon Charles Hendry, MP, Minister of State for the Department of Energy and Climate Change (DECC) at which it provided further details of the scale of its work to control the release of non-toxic gas from the G4 well on the Elgin field platform and confirmed that […]

  • 5 September 2013
    Business & Finance

    Over the next fortnight, the economic contribution and technical capabilities of Britain’s oil and gas industry will be showcased at the Department for Business, Innovation & Skills’ (BIS) London Victoria Street office. On Tuesday 3 September Business and Energy Minister, Michael Fallon MP, toured the exhibition accompanied by Nigel Hares, co-founder of oil and gas […]

  • 6 November 2013
    Business & Finance

    Sir Robert Smith Bt, MP has visited market leading production technology services company Proserv to see how the firm develops the engineers of tomorrow. At Proserv’s test and assembly base at Birchmoss, near Echt in Aberdeenshire, the MP for West Aberdeenshire and Kincardine took a tour of the facilities and met with apprentices to learn […]

  • 6 November 2013
    Business & Finance

    Sir Robert Smith Bt, MP has visited market leading production technology services company Proserv to see how the firm develops the engineers of tomorrow. At Proserv’s test and assembly base at Birchmoss, near Echt in Aberdeenshire, the MP for West Aberdeenshire and Kincardine took a tour of the facilities and met with apprentices to learn […]

  • 5 September 2013
    Business & Finance

    Over the next fortnight, the economic contribution and technical capabilities of Britain’s oil and gas industry will be showcased at the Department for Business, Innovation & Skills’ (BIS) London Victoria Street office. On Tuesday 3 September Business and Energy Minister, Michael Fallon MP, toured the exhibition accompanied by Nigel Hares, co-founder of oil and gas […]

  • 7 June 2011
    Business & Finance

      PEMEX has recently awarded Blake International two long-term contracts for offshore Mexico. As a result of tender 18575088-508-10, the operator awarded the Blake 2001 a 678- day charter with a start date of August, 2 2011, and the Blake 2003 a 934-day charter scheduled to start May 5, 2011. The total contract values are […]