1231 results found for 'paragon'

1231 results found for 'paragon'
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  • Standard Drilling Selling Under Construction Rigs for USD 426 Mln (Cyprus)

    27 June 2012
    Business & Finance

    Cyprus-based SD Standard Drilling Plc (“Standard Drilling”) has today entered into a final SPA for the sale of one rig (B324) under construction and further issued the buyer an option to purchase a second rig (B337) under construction. If the option is exercised the gross combined price will be USD 426m. The option to purchase […]

  • 26 offshore blocks up for grabs in Trinidad and Tobago’s 2025 deepwater oil & gas bid round

    12 February 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy

    Trinidad and Tobago has initiated its new bidding round to boost hydrocarbon exploration and production in this Caribbean twin-island country located off the northern edge of the South American mainland.

  • Saudi Arabia’s ADC Buys Rig from Standard Drilling

    12 July 2012
    Business & Finance

    Cyprus-based SD Standard Drilling Plc (“Standard Drilling”) has entered into a final SPA for the sale of one rig (B325) under construction for a total consideration of USD 213,5m. The buyer is Arabian Drilling Company, a company incorporated in Saudi Arabia. The sale of the rig will give an estimated net profit of USD 8,5m. […]

  • Norway: Vestdavit to Design and Supply Extra-Long Outreach Davits for New Seismic Vessels

    23 September 2011

    Norway-based boat handling system and specialised davit supplier Vestdavit has been contracted by Mitsubishi Heavy Industry on behalf of Petroleum Geo-Services (PGS) to design and supply extra-long outreach workboat/lifeboat/FRC davits for PGS’s 5th generation Ramform new building seismic vessels. The two davits for each of the two vessels building at Mitsubishi Heavy Industry, Japan for […]

  • Australia: Land-Based Site Surveys Underway at Port of Hastings

    13 February 2014
    Business & Finance, Equipment, Technology

    The next package of site investigations for the Port of Hastings container expansion are now underway with the start of the land-based site surveys program this week, Minister for Ports David Hodgett announced today. “The land-based site surveys, as well as the marine site surveys and summer environmental sampling programs currently underway, will allow the […]

  • Rockhopper COO to take the helm of Echo Energy

    12 June 2017
    Business & Finance

    UK-based oil and gas company Rockhopper Exploration’s chief operating officer Fiona MacAulay will be relinquishing her position on July 4 to become the CEO of Echo Energy. MacAulay is a geologist with over 30 years of experience in the oil and gas industry including time at Mobil, Amerada Hess, and BG. She joined Rockhopper in […]

  • Australia: Beach Provides Monthly Drilling Report

    1 February 2012

    Beach Energy Limited has released the following monthly drilling report for January 2012. Beach Operated Cooper-Eromanga Oil and Gas An eleven well completion program is underway to bring the successful wells from the 2011 drilling campaign into production. Six PEL 92 wells (Beach 75%) are expected to be progressively brought online during February and the […]

  • Africa – frontier or future heartland?

    12 October 2015

    Africa may dominate deepwater expenditure in the next five years. This year’s Drilling & Dollars panel during Offshore Energy (October 13-14) focuses on the paradox between the many opportunities for exploration and production offshore Africa and the cold feet of North European SMEs to take the leap to Africa. French oil and gas company Total […]

  • China: TSHD “Chang Jiang Kou 02” Launched

    22 February 2012
    Business & Finance, Vessels

    The naming and launch ceremony for the 12,000m³ trailing suction hopper dredger, CHANG JIANG KOU 02, took place today at the Daoda Heavy Industry shipyard in Qidong, China. IHC Merwede is building the impressive vessel for Yangtze Estuary Waterway Administration Bureau MOT, which is based in the People’s Republic of China. It is the duplicate […]

  • DNREC’s Delaware Coastal Programs Awards Coastal Management Grants (USA)

    6 August 2013

    DNREC’s Delaware Coastal Programs announced the awarding of the 2013 Coastal Management Assistance Program grants, with this year’s focus on projects that involve sea level rise and SLR adaptation planning. More than $126,000 was awarded this year through funding made available to the Delaware Coastal Programs by the Office of Ocean and Coastal Resource Management, […]

  • South Wales makes strong case for investment in CO2 shipping infrastructure

    5 December 2023
    Authorities & Government, Business Developments & Projects, Carbon Capture Usage & Storage, Infrastructure, Regulation & Policy

    A new study released on December 4 demonstrates a strong economic case for public investment into CO2 shipping infrastructure in South Wales.

  • Bassoe: Too much debt, let’s reset – the emergence of low-cost drilling contractors

    31 March 2017
    Exploration & Production

    Ocean Rig filed for Chapter 15 bankruptcy protection this week. Another lower-cost offshore rig owner is now emerging and will be a competitive force toward owners who are still restricted by high debt and legacy costs.   By David Carter Shinn With around $3.7 billion in debt and a fleet of 11 drillships and two semisubs, of […]

  • USA: Low Water Levels – Threat to New Buffalo Harbor

    14 February 2013
    Business & Finance

    Low water levels, not low funds, maybe the biggest threat to the 2013 boating season in New Buffalo’s 1,000-vessel recreational harbor. “The water level is 17 inches below what it was this time last year. That’s huge, almost a foot and a half. We’ve broken the record low since the Army Corps of Engineers has […]

  • BP and ADNOC build on more than 50 years of collaboration with new gas-focused joint venture

    15 February 2024
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production

    BP and ADNOC have decided to establish a new joint venture (JV), which will initially focus on the development of gas assets in Egypt.

  • Clarksons: Chinese yards taking over jack-up rigs market

    25 February 2015
    Exploration & Production

      As of February, the global jack-up drilling rigs orderbook for 2015 had 67 rigs slated for delivery. Three jack-up rigs have been delivered so far, according to Clarksons, a provider of data and market intelligence for the global shipping and offshore oil and gas industries. This total is more than has ever been successfully delivered […]

  • UK: BAE Systems Hands Over Final Type 45 Destroyer

    4 April 2013

    The sixth and final Type 45 destroyer, DUNCAN, was delivered to HM Naval Base Portsmouth by BAE Systems and was handed over to the Ministry of Defence at a ceremony held on March 22. DUNCAN arrived into her new home of Portsmouth for the first time on March 22 with a combined BAE Systems and […]

  • PIRA Energy: End User Gas Demand to Be Higher This Summer in UK

    10 April 2013

    NYC-based PIRA Energy Group believes that the U.K.’s end user gas demand and storage injections will be higher this summer. In the U.S., January’s EIA 914 Survey data suggest structural declines have taken hold in overall natural gas output. In Algeria, Sonatrach announced the first LNG is being generated from the replacement train at Skikda. […]

  • SWMEP, CIMREG Ink MoU for Collaboration on Marine Renewables Development

    3 December 2013
    Business & Finance, Research & Development

    Representatives from the South West Marine Energy Park (SWMEP) and the Channel Islands Marine Energy Group (CIMREG) met in London at the International Tidal Energy Summit on Wednesday to finalise details of a memorandum of understanding (MoU) between the two organisations. The MoU, signed today between the Channel Islands and the South West of the […]

  • Argentina: BP Sells Stake in Pan American Energy to Bridas for $7.06 Billion

    28 November 2010
    Business & Finance

    BP announced that it has entered into an agreement to sell its interests in Pan American Energy (PAE) to Bridas Corporation. PAE is an Argentina-based oil and gas company owned by BP (60 per cent) and Bridas Corporation (40 per cent). Bridas Corporation will pay BP a total of $7.06 billion in cash for BP’s […]

  • Norstec Academy Takes Students on Offshore Wind Tour

    7 July 2014
    Human Capital

    Today, students from universities around the UK and one from the Netherlands will kick off their tour of the offshore wind industry as part of the Norstec Academy skills pilot. Launched in May this year through a student competition, winners will participate in a one week tailored tour visiting sites and meeting experts across the […]

  • Exhibitors from 21 Countries at Inaugural Oceanology International China

    13 August 2013
    Business & Finance

    Nearly 190 exhibiting companies from 21 countries – Australia, Austria, Belgium, Canada, China, Cyprus, Denmark, Estonia, France, Germany, Iran, Italy, Japan, The Netherlands, New Zealand, Norway, Russia, Singapore, South Korea, UK, and USA – will be gathering in Shanghai on 3-5 September 2013 for the inaugural Oceanology International 2013 exhibition and conference being staged at […]

  • USA: Kenan Advantage Group Buys Jack B. Kelley

    7 September 2011

    Kenan Advantage Group (KAG), North America’s largest tank truck transporter and logistics provider to the petroleum, specialty products and merchant gas industries, announced that it completed the acquisition of Jack B. Kelley, Inc. (JBK).  JBK is the largest independent transporter of industrial gases in the United States.  Founded in 1946, the Amarillo, Texas-based company transports […]

  • Fastnet Confirms Shanagarry Resource Potential (Ireland)

    10 April 2013
    Business & Finance, Operations & Maintenance, Research & Development

    Fastnet Oil & Gas plc the E&P company focused on near term exploration acreage in Morocco and the Celtic Sea, announced that an independent assessment of the Company’s prospective resources on licensing option 12/5 (“Shanagarry” or the “Licensing Option”) has been completed by SLR Consulting. Fastnet farmed-into the licence on 14 November 2012 and now […]

  • SWMEP, CIMREG to Collaborate on Marine Renewables Development

    2 December 2013
    Business & Finance, Research & Development, Technology

    Representatives from the South West Marine Energy Park (SWMEP) and the Channel Islands Marine Energy Group (CIMREG) met in London at the International Tidal Energy Summit on Wednesday to finalise details of a memorandum of understanding (MoU) between the two organisations. The MoU, signed today between the Channel Islands and the South West of the […]

  • Swire Pacific Offshore Receives Seventh D Class Vessel

    23 December 2013
    Business & Finance

    Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) welcomed another new anchor handling tug supply vessel, Pacific Dispatch to its fleet with her launch and naming ceremony. This vessel is built by Singapore Technologies Marine Ltd (ST Marine) shipyard in Singapore. More than a hundred representatives from SPO and ST Marine attended the […]