Search results for: Otto Candies

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  • 6 April 2011

    Singapore-based Otto Marine has announced its second sales order within a week, an MT6009 MKII DNV-class platform supply vessel, to Australia’s Mermaid Marine for US$31.5 million. The ship is due for completion in May from Otto’s shipyard in Indonesia. Last week, the company sold a pair of 6,000kW AHTSs for US$43.4 million.

  • 2 October 2015
    Business & Finance

    Otto Energy Limited has received $21.3 million due from BHP Billiton Petroleum in relation to the recently completed Hawkeye-1 well drilling offshore the Philippines. According to Otto Energy’s press release issued on Thursday, the initial payment represents the bulk of the contribution by BHP Billiton of up to $24.5 million towards the cost of the Hawkeye-1 well. […]

  • 7 November 2013

    Otto Energy Limited today announced that it has been verbally advised by BHP Billiton Petroleum (Philippines) Corporation (BHPB), the Operator of Service Contract 55 (SC55) offshore the Philippines, that it has decided not to participate in the drilling of the Cinco-1 prospect and to withdraw from the SC55 licence. The company said that BHPB had provided no previous indication to […]

  • 15 September 2020
    Business & Finance, Business developments & projects

    Australian oil and gas company Otto Energy has appointed Michael Utsler has been appointed as Chief Executive Officer (CEO) and Managing Director.

  • 16 February 2016
    Exploration & Production

    Byron Energy has spudded the SM-6 #2 well in the U.S. Gulf of Mexico using the Hercules 205 jack-up drilling rig. The well is being drilled in water depth of approximately 20 meters/65 feet, with a planned total measured depth of approximately 2,900 metres/9,516 feet and total vertical depth of 2,785 metres/9,138 feet. It is anticipated that the […]

  • 23 June 2011
    Business & Finance

      Otto Energy Ltd  announces that the 3D seismic acquisition program commenced earlier in June has successfully been completed. The marine operations for the acquisition along with the onshore support teams have all run very smoothly resulting in successfully acquiring of over 210 km2 of high quality 3D seismic data. Otto will now move to […]

  • 22 February 2018
    Exploration & Production, Project & Tenders

    Byron Energy has completed the F1 well in the SM 71 lease in the Gulf of Mexico. The well is now ready for production.

  • 26 March 2018

    Production has started from Byron Energy’s South Marsh Island Block 71 (“SM 71”) oil development, in the shallow water of the U.S. Gulf of Mexico, Otto Energy has informed.

  • 22 May 2014
    Business & Finance, Equipment, Technology

    From October 1, 2014, until January 31, 2015, approximately 60,000 cubic yards of sandy material will be dredged from the Federal Navigation Channel at Little Narragansett Bay. According to the U.S. Army Corps of Engineers, New England District, this deepening scheme will cost between $1 million and $5 million. Under the project planning, a hydraulic […]

  • 4 December 2017
    Exploration & Production, Project & Tenders

    Byron Energy has started drilling an offshore well at its South Marsh Island 71 block, in the Gulf of Mexico, offshore Louisiana. According to Byron’s partners Otto Energy, Byron spudded the SM 71 F2 well on Sunday evening, using the Ensco 68 jack-up rig. The rig is located over the platform to allow the F1 […]

  • 20 October 2020
    Business & Finance, Business developments & projects, Exploration & Production, Project & Tenders

    Talos Energy has produced first oil and associated gas from the Bulleit field located in the U.S. Gulf of Mexico.

  • 20 October 2017
    Exploration & Production, Project & Tenders

    Houston-based oil and gas company W&T Offshore has started drilling the ST 224 #1 well within the South Timbalier 224 (ST 224) lease in the Gulf of Mexico.  W&T Offshore is the operator of the ST 224 lease with a 39% stake and Otto Energy is its partner with a 25% interest. According to Otto’s statement on Friday, the […]

  • 21 December 2012

    Otto Energy Ltd , the 33%-owner and operator of the producing Galoc oil field joint venture offshore the Philippines, has provided the following update in relation to the Galoc Phase II development. Execution of Financing Facility Agreement Otto has entered into a binding agreement with BNP Paribas to provide US$37.4 million in project financing for […]

  • 1 October 2014
    Business & Finance, Equipment, Technology

    Maintenance dredging of a portion of Little Narragansett Bay in Westerly, Rhode Island and Stonington, Connecticut will be completed under the terms of a $1.4 contract awarded recently by the U.S. Army Corps of Engineers, New England District. Work will be accomplished by H&L Contracting, LLC, of Bay Shore, N.Y. Construction is scheduled to start […]

  • 22 July 2014
    Business & Finance, Equipment, Technology

    The Lynnhaven Inlet Federal Navigation Channel is fully navigable after a $2 million maintenance dredging project, managed by the Norfolk District, U.S. Army Corps of Engineers, removed critical shoaling conditions exacerbated by Hurricane Sandy in 2012. The project, contracted to Southwind Construction Corporation, a small business based in Evansville, Ind., came in ahead of schedule […]

  • 7 April 2014
    Business & Finance, Equipment, Technology, Vessels

    The Lynnhaven Inlet Federal Navigation Channel is fully navigable, after a $2 million maintenance dredging project, managed by the Norfolk District, U.S. Army Corps of Engineers, removed critical shoaling conditions exacerbated by Hurricane Sandy in 2012. The project, contracted to Southwind Construction Corporation, a small business based in Evansville, Ind., came in ahead of schedule […]

  • 5 May 2015
    Exploration & Production, Project & Tenders

    Otto Energy Ltd has executed a binding contract with Maersk Drilling to secure the Maersk Venturer ultra-deep water drillship for the Hawkeye-1 exploration well offshore the Philippines.  The Gross Prospective Resource Best Estimate for the Hawkeye Prospect is 112mmbo (74mmbo net to Otto). Otto says that success at Hawkeye will unlock a significant new hydrocarbon play […]

  • 20 March 2019
    Business & Finance

    MarineSpace, a marine planning and environmental consultancy, is seeking to employ a senior marine consultant. MarineSpace provides services to the marine aggregate, offshore wind, OFTO, wave and tidal, oil and gas, subsea cables, coastal/marine engineering and ports/harbours sectors. The successful candidate will be required to provide input to a range of projects but demonstration of […]

  • 22 June 2017

    Otto Energy has decided to act upon a previous agreement under which it would acquire a 50 percent working interest in one new asset acquired by Byron prior to March 31, 2017. However, there is an issue with the U.S. authorities. Namely, in a statement on Thursday, Otto said it had agreed to take a 50 […]

  • 21 December 2012
    Business & Finance, Operations & Maintenance

    Otto Energy Ltd , the 33%-owner and operator of the producing Galoc oil field joint venture offshore the Philippines, has provided the following update in relation to the Galoc Phase II development. Execution of Financing Facility Agreement Otto has entered into a binding agreement with BNP Paribas to provide US$37.4 million in project financing for […]

  • 17 June 2016
    Project & Tenders

    Otto Energy has received approval from the Philippines Department of Energy for a two-year moratorium, until December 23, 2017, on required work activity under Service Contract 55 (SC 55), offshore Palawan Basin in the Philippines. Otto Energy informed in January 2016 of its plans to exit the Block SC 55 as part of a strategy to focus […]

  • 16 July 2018
    Business & Finance

    Australia-based oil and gas company Otto Energy has established its Houston office and appointed a U.S.-based technical team.