1235 results found for 'paragon'

1235 results found for 'paragon'
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  • 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 […]

  • Popular offshore industry news in 1Q 2018

    1 January 2019

    The most popular news at Offshore Energy Today during the first quarter of 2018.

  • Schlumberger man to take on Borr Drilling CEO role

    10 August 2020
    Business & Finance, Business Developments & Projects

    Offshore drilling rig owner Borr Drilling has named a new chief executive officer (CEO) of the company.

  • Xodus Group Secures Several Contracts in Gulf of Mexico (USA)

    6 December 2011
    Business & Finance, Operations & Maintenance, Project & Tenders

    International energy consultancy Xodus Group has secured more than $1 million of contracts in the Gulf of Mexico since it opened its office in Houston in February. The company’s recruitment drive continues and it has invested $2 million in a move to new larger premises in Richmond Avenue in the city’s energy corridor. The firm […]

  • Xodus Successful in U.S. Gulf of Mexico

    6 December 2011
    Business & Finance

      International energy consultancy Xodus Group has secured more than $1 million of contracts in the Gulf of Mexico since it opened its office in Houston in February.  The company’s recruitment drive continues and it has invested $2 million in a move to new larger premises in Richmond Avenue in the city’s energy corridor. The […]

  • Australia: Lowrie Constructions Wins Multi-Million Telecom Rooms Contract for PNG LNG Project

    23 December 2010
    Project & Tenders

    An Australian company has beaten off stiff overseas competition to win a multi-million dollar contract to supply specialist telecommunications rooms along the route of the inland pipeline for Papua New Guinea’s US$15 billion liquefied natural gas project. Perth-based Lowrie Constructions Limited will supply at least three separate telecommunications facilities in remote areas of the pipeline […]

  • Namibia: Tullow to spud Cormorant prospect next September

    27 November 2017
    Project & Tenders

    Joint venture partners in the PEL 37 license offshore Namibia have agreed to drill an exploration well on the Cormorant prospect with a targeted spud date of September 1, 2018.

  • Hansa, ONE in ‘significant’ gas discovery in North Sea

    29 September 2017
    Exploration & Production, Project & Tenders

    Hansa Hydrocarbons and Oranje-Nassau Energie B.V. (ONE) have encountered what they say is a significant gas discovery in the North Sea.  Hansa Hydrocarbons informed on Tuesday, September 26 that the N05-1 exploration well drilled offshore Netherlands on its GEms licences, had been confirmed as a significant discovery encountering gas in the target basal Rotliegend sandstones. The […]

  • Most watched offshore industry galleries of 2017

    2 January 2018

    Offshore Energy Today is sharing the most popular galleries published on our website during 2017.

  • Ocean Rig drillship mobilized to Tullow’s well off Namibia

    13 June 2018
    Exploration & Production

    An Ocean Rig-owned drillship has been mobilized to Namibia in preparation for the drilling of Tullow Oil’s Cormorant-1 well planned for September.

  • Popular offshore industry news in 2Q 2018

    1 January 2019

    The most popular news at Offshore Energy Today during the second quarter of 2018.

  • Offshore Namibia seismic results encouraging, Pancontinental says

    23 July 2014
    Business & Finance, Project & Tenders

    Pancontinental Oil and Gas NL has advised that the 3D and 2D seismic surveys carried out earlier in 2014 in EL 0037 offshore Namibia are starting to yield very encouraging results. Initial Assessment of Seismic Data Initial mapping has confirmed at least four main prospects in the 3D area – the Albatross, Gannett, Petrel and Seagull Prospects. The Prospects […]

  • Borr Drilling: No long-term rig deals at breakeven rates

    31 May 2018
    Exploration & Production

    Offshore drilling company Borr Drilling, which “has taken the jack-up rig hoarding to a new level,” after several recent acquisitions, is now in talks to find work for some of its drilling units.

  • MSC Cruises to Receive ‘7 Golden Pearls’ Award

    20 March 2013
    Business & Finance

    MSC Cruises is committed to making green choices that keep the oceans blue. The company’s energy efficiency matches the industry-leading ecoship and cleanship credentials and its green efforts have been recognized with a string of environmental certifications, alongside awards praising its creative interior design, comfort, cuisine and friendly service. Once again, the latest flagship in […]

  • Offshore Safety Directive: More Paperwork or More Clarity?

    14 October 2015
    Business & Finance

    Following one of the most catastrophic environmental disasters in 2010, the Deepwater Horizon oil spill in the Gulf of Mexico, a growing pressure from the public drove Brussels to adopt the European Union Safety Directive in June 2013. The European member states were given until the 19th of July 2015 to transpose the provisions into […]

  • Offshore Safety Directive: More Paperwork or More Clarity?

    14 October 2015
    Business & Finance

    Following one of the most catastrophic environmental disasters in 2010, the Deepwater Horizon oil spill in the Gulf of Mexico, a growing pressure from the public drove Brussels to adopt the European Union Safety Directive in June 2013. The European member states were given until the 19th of July 2015 to transpose the provisions into […]

  • Pancontinental: Early Mapping Identifies Major Prospects in EL 0037, Off Namibia

    23 July 2014
    Business & Finance, Operations & Maintenance

    Pancontinental Oil and Gas NL advises that the 3D and 2D seismic surveys carried out earlier in 2014 in EL 0037 offshore Namibia are starting to yield very encouraging results. Initial mapping has confirmed at least four main prospects in the 3D area – the Albatross, Gannett, Petrel and Seagull Prospects. The Prospects appear to […]

  • Minesto’s Dragon 12 hits 25% performance boost after tether upgrade

    12 June 2025
    Business Developments & Projects, Operations & Maintenance, Project & Tenders, Technology

    Swedish tidal energy developer Minesto’s upgraded Dragon 12 tidal energy device, deployed in Vestmannasund, Faroe Islands, has reached a performance milestone, delivering a 25% increase in power output following the installation of a longer tether. According to Minesto, the ten-meter extension to the tether, completed in mid-May, aligns with simulation forecasts and confirms performance improvements […]

  • TechX Accelerator Highlights First Pioneers

    15 March 2018
    Business & Finance, Equipment, Research & Development

    TechX Pioneer technology accelerator programme has selected 10 tech start-ups who will receive up to £100,000 funding. An entire laboratory shrunk onto a microchip, pipelines that are ‘zipped’ together and a safer, greener and cheaper alternative to liquified natural gas (LNG) could soon be making their way into the UK North Sea as part of […]

  • Lowrie Constructions Secures Second PNG LNG Contract (Papua New Guinea)

    25 April 2011
    Project & Tenders

      An Australian company has won its second contract for Papua New Guinea’s US$15 billion liquefied natural gas (LNG) project. Perth-based Lowrie Constructions Limited announced today it had been contracted to build and supply the project’s marine terminal control shelter at Port Moresby. The new LNG processing plant is currently under construction in Port Moresby […]

  • Borr buying 5 newbuild jack-up rigs from Keppel for $745M

    16 May 2018
    Exploration & Production

    Offshore driller Borr Drilling has signed a master agreement with Singapore’s Keppel, to acquire five jack-up rigs for a total value of approximately $745m.