1235 results found for 'paragon'

1235 results found for 'paragon'
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  • Borr Drilling sells cold-stacked jack-up rig

    28 October 2020
    Business & Finance, Business Developments & Projects, Exploration & Production

    Offshore drilling contractor Borr Drilling has entered into an agreement to sell its cold stacked jack-up drilling rig Atla to an independent operator.

  • Centrica discovers gas at Pegasus West (UK)

    15 September 2014

    A gas discovery has been made at the Pegasus West well, offshore UK, Atlantic Petroleum, an exploration company based in Faroe Islands, has informed.

  • Solstad Offshore finds work for six vessels

    4 May 2020
    Business & Finance, Business Developments & Projects, Infrastructure, Vessels

    Norwegian vessel owner Solstad Offshore has entered into medium-term contracts for six of its vessels with undisclosed clients.

  • Africa Energy pulls the plug on Namibian block farm-in

    31 March 2017

    Canadian oil and gas exploration company Africa Energy Corp. has terminated a farm-out agreement with a subsidiary of Pancontinental Oil & Gas to acquire a 10% participating interest in Petroleum Exploration License 37 offshore Namibia (PEL 37). To remind, the two companies entered the farm-out agreement on November 29, 2016. Under the terms of the […]

  • Ocean Rig’s drillship set to drill Tullow’s well offshore Namibia

    3 September 2018
    Exploration & Production

    Ocean Rig-owned drillship Poseidon has reached the drilling site of Cormorant-1 well located in PEL 37 license offshore Namibia, which is operated by Tullow Oil.  

  • N-Sea Puts TUP Diving System to Work

    30 September 2014
    Business & Finance, Equipment, Research & Development

    N-Sea, the Inspection, Maintenance and Repair (IMR) specialist, has recently completed its inaugural diving scope with the innovative TUP Diving System® (Transfer Under Pressure). The diving scope involved X-mas tree assistance with the deployment of the TUP Diving System® for client ONE (Oranje-Nassau Energie) on its project, “L6 Diving Services” at the location L6D in […]

  • Centrica to treble production, extend life of North Sea oil field

    15 May 2017
    Exploration & Production

    A Centrica-owned oil field in the North Sea has been given a new lease of life following a £35 million ($45.3M) investment. Centrica said on Monday that it will drill a new production well at Chestnut field which aims to more than treble production and extend the life of the field which otherwise would have […]

  • Borr Drilling chief financial officer to step down

    6 November 2019
    Business & Finance

    The chief financial officer of offshore drilling rig contractor Borr Drilling has decided to step down.

  • NGSA, Bulkship Asia Sign Maritime Singapore Green Pledge

    16 January 2012
    Business & Finance

    NYK Group South Asia Pte. Ltd. (NGSA) and NYK Bulkship (Asia) Pte. Ltd. (Bulkship Asia) signed the Maritime Singapore Green Pledge. The Green Pledge is an initiative of the Maritime and Port Authority of Singapore through which maritime organizations pledge their commitment to promote and support clean and green shipping in Singapore. A signing of […]

  • Tullow gets one-year extension for license off Namibia

    21 January 2020

    Oil and gas company Tullow Oil has received a one-year extension for the Second Renewal Exploration Period on PEL 37 offshore Namibia.

  • No oil found in Dana’s Cameroon well

    29 March 2016
    Exploration & Production, Project & Tenders

    Dana Petroleum, an oil and gas exploration and production company, has completed drilling operations on the Manatee-1 exploration well in the Bakassi West block in Cameroon. The well is operated by Dana Petroleum with 55% interest, and SDX Energy, an exploration and production company with assets in Egypt & Cameroon, that holds 35% working interest (38.89% paying interest) […]

  • Offshore Energy Round 2

    14 October 2015
    Business & Finance, Equipment

    Offshore Energy is in full swing in Amsterdam where industry experts meet for the day two of the event which will see another action-packed program, starting off with a technical session on offshore safety. Speakers from WellSpec, NOGEPA, DNV-GL Oil & Gas Netherlands and Paragon Offshore will evaluate the consequences of the new European Union […]

  • 30th WISTA annual conference reflects industry optimism

    20 July 2010

    Leading organisations throughout the shipping industry are stepping up support for what will be one of the major events in the maritime calendar: the 30th annual conference of WISTA International (the Women’s International Shipping & Trading Association), which will be in Athens, from September 29 to October 1. Anna-Maria Monogioudi, President of WISTA Hellas, said […]

  • Borr’s Prospector 5 rig starts journey to Glengorm field off UK

    16 August 2018
    Exploration & Production

    The Prospector 5 jack-up rig has left Damen Verolme Rotterdam and started its journey to the UK continental shelf.

  • GOGL CEO: Brace for More Bankruptcies

    4 March 2016
    Business & Finance

    The dry bulk industry is going to be hit by another wave of bankruptcies, according to Golden Ocean CEO, Herman Billung, commenting on the depressed market which is suffering from chronic oversupply and lowest ever rates. “In the coming months there will be a lot of bankruptcies, counterparty risk will be on everybody’s lips,” Billung is quoted as […]

  • Tullow spuds Cormorant well offshore Namibia

    4 September 2018
    Exploration & Production

    Oil company Tullow Oil has started drilling the Cormorant-1 well located in PEL 37 offshore Namibia. 

  • Africa Energy takes interest in Namibian offshore acreage

    13 September 2017
    Business & Finance

    Canadian oil and gas company Africa Energy has acquired a 10 percent interest in a license offshore Namibia.  According to its statement on Wednesday, this is being done through an acquisition of one-third of the shares in a subsidiary of Pancontinental Oil & Gas N.L. that holds a 30% participating interest in Petroleum Exploration Licence […]

  • Parker Drilling sinks deeper into red

    16 February 2017
    Business & Finance, Exploration & Production

    Parker Drilling, a Houston-based provider of offshore and onshore contract drilling services, sank deeper into red during the last quarter of 2016 as its revenues dipped.  The driller on Wednesday reported a net loss of $48.9 million for 4Q 2016, on revenues of $94 million. For comparison, the company’s net loss for the same period […]

  • Noble Corp. swings to loss as revenues tumble

    4 August 2017
    Business & Finance, Exploration & Production

    Offshore driller Noble Corporation fell to a loss for the second quarter of the year dragged down by a significant reduction in revenues caused by a decline in fleet operating days and slashed dayrates in floating rig fleet.  The driller reported a net loss attributable to the company for the second quarter 2017 of $93 […]

  • Dana Petroleum spuds wildcat well offshore Cameroon

    2 March 2016
    Exploration & Production, Project & Tenders

    Dana Petroleum, an oil and gas exploration and production company, has started drilling operations on its high impact exploration well, Manatee-1, on Bakassi West, offshore Cameroon. According to SDX Energy, an oil & gas exploration and production company and partner in the project, the well, which is located in shallow water in the prolific Niger Delta Basin, […]

  • Orca gets $60M loan for Songo Songo drilling

    30 October 2015
    Exploration & Production

    Orca Exploration Group Inc. has secured a loan to finance part of its offshore development project in Tanzania. The company entered the $60 million loan agreement with International Finance Corporation, a member of the World Bank Group. Proceeds of the loan will be used to fund part of an estimated $120 million first phase of a […]

  • Dry hole for Tullow off Namibia

    24 September 2018
    Exploration & Production

    Tullow Oil has encountered non-commercial hydrocarbons at its Cormorant-1 exploration well in the PEL-37 licence, offshore Namibia and the well is being plugged and abandoned.

  • Offshore Energy Conference Review: From industry wide challenges to technology niches

    12 January 2016

    Globally some 250,000 jobs have been cut in the oil and gas industry, Bloomberg recently published, quoting Houston based industry consultant Graves & Co. More than 1,000 rigs now lay idle and the industry has reduced its spending by more than USD 100 billion this year to cope with oil prices that have fallen by more than half since 2014.

  • Tullow preparing for Namibian wildcat after securing rig

    8 March 2018
    Exploration & Production

    Tullow Oil has secured an Ocean Rig-owned drillship and  drilling preparations are well underway for an exploration well offshore Namibia. 

  • Tullow committed to drilling offshore Namibia

    8 April 2016
    Project & Tenders

    Tullow has reportedly committed to drilling an exploration well offshore Namibia by late March 2017. According to Pancontinental Oil & Gas, Tullow has elected to continue as a partner in the Namibian licence PEL 37, and will drill a well, subject to identifying a drillable prospect. Pancontinental claims that, so far, 4 large turbidite Prospects […]