1231 results found for 'paragon'

1231 results found for 'paragon'
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  • 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 […]

  • 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.

  • Polarcus Asima completes 3D seismic survey offshore Namibia

    11 April 2014
    Project & Tenders

    Pancontinental Oil & Gas NL has announced an extensive 3D seismic survey has been completed within its highly prospective offshore acreage in licence area EL 0037 offshore Namibia, southwest Africa. The 3D acquisition, over approximately of 3,000km2, covers a number of strong “Leads” that have already been mapped on existing 2D seismic data. A second 2D acquisition phase will […]

  • Orca wraps up offshore program on Songo Songo

    22 February 2016
    Exploration & Production, Project & Tenders

    Orca Exploration Group has announced the completion of its offshore workover and drilling program on the Songo Songo gas field development offshore Tanzania, and the release of the Paragon M826 drilling workover rig. The offshore program of the Songo Songo Main Field development program included workovers on three existing wells (SS-5, SS-7 and SS-9) and the […]

  • Rystad: Borr helping entire jack-up market by pushing up utilization levels

    19 June 2018
    Exploration & Production

    Analysis by Rystad Energy shows that Borr Drilling would emerge with the largest and youngest jack-up fleet if rigs over 35 years were retired in the short term.

  • Out of layup & back to work

    6 April 2017
    Exploration & Production

    The worst is over, the layup list is decreasing. But after the most brutal downturn in memory, what are we left with? Written by Inger-Louise Molver, Offshore Analyst at Westshore    AHTS will see the quickest recovery Around a third of the AHTS vessels trading the spot market have disappeared since the high point back […]

  • Offshore rig market shakeup will be like nothing we’ve seen before

    6 July 2017
    Exploration & Production

    As the “lower for longer” outlook keeps getting longer, some rig owners are setting the scene for a major restructuring in the offshore drilling industry. By David Carter Shinn Within a reasonable timeframe, rig dayrates, especially for deepwater drilling rigs, won’t increase from current cash break-even levels. Rig asset values are at less than 50% […]

  • Germany: GL Hellas Committee Celebrates 35th Year

    14 September 2012

    The Hellas Committee of Germanischer Lloyd (GL) met on Wednesday at the Hotel Grande Bretagne, Athens. The annual Committee Meeting, now a longstanding tradition in its 35th year, very much reflected the mood of the industry, with great challenges foreseen for traditional markets, but opportunities on offer for those with expanding perspectives. The Chairman of […]

  • Bassoe: Dude, where’s my offshore drilling rig market M&A?

    25 May 2018
    Exploration & Production

    The need for consolidation among offshore rig owners is just as dire as it’s ever been.

  • GL Expands Perspectives Built Upon Tradition

    14 September 2012
    Business & Finance

    The Hellas Committee of Germanischer Lloyd (GL) met on Wednesday at the Hotel Grande Bretagne, Athens. The annual Committee Meeting, now a longstanding tradition in its 35th year, very much reflected the mood of the industry, with great challenges foreseen for traditional markets, but opportunities on offer for those with expanding perspectives. The Chairman of […]

  • Germany: GL Hellas Committee Celebrates 35th Year

    14 September 2012

    The Hellas Committee of Germanischer Lloyd (GL) met on Wednesday at the Hotel Grande Bretagne, Athens. The annual Committee Meeting, now a longstanding tradition in its 35th year, very much reflected the mood of the industry, with great challenges foreseen for traditional markets, but opportunities on offer for those with expanding perspectives. The Chairman of […]

  • Interview: The past, the present, and the future of floating rig market

    28 November 2016
    Exploration & Production

    Offshore Energy Today has interviewed Liz Tysall Senior Offshore Rig Analyst of Rystad Energy, an energy intelligence group based in Norway. The interview follows a recent report by Rystad on offshore drilling market, floating rigs, in particular. The interview itself focuses on the floaters market, covering topics such as current conditions in the offshore drilling […]

  • US axes Shell and BP’s licenses for cross-border gas fields

    9 April 2025
    Authorities & Government, Business Developments & Projects, Exploration & Production, Regulation & Policy, Rules & Regulation

    The U.S. Office of Foreign Assets Control (OFAC) has changed its mind about two special licenses – operated by the UK-headquartered Shell and BP, respectively – for gas fields straddling the maritime boundary between Venezuela and Trinidad and Tobago.

  • MPX to plug Aragon well

    9 October 2014

    MPX North Sea limited has informed that well operations drilling and open hole logging operations have been completed on the Aragon exploration well 9/14a-15A in Licence P1763, offshore UK.

  • African FLNG project getting its ‘ideal choice’ of LNG liquefaction technology

    9 January 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    Perenco has picked a liquefied natural gas (LNG) liquefaction technology partner for its floating LNG (FLNG) project in Gabon, West Africa. Thanks to this, Aragon, a Norway-headquartered engineering, procurement, and construction (EPC) player, which is part of Seatrium, will work on the firm’s FLNG terminal.

  • Paradoxes of Somali Piracy

    28 October 2014

    Somali pirates take a very business-like approach to their craft, according to a study on piracy published by research portal for maritime security Piracy-Studies.org. “We attack big ships that can pay us. However, after capturing several ships we have learned about what type of ships to target and which ship owner is able or willing to […]

  • Borr Drilling sees strong case for jack-up market recovery

    21 November 2018
    Exploration & Production

    Jack-up drilling company Borr Drilling is seeing an increase in jack-up rig utilization, especially in the premium jack-up rig segment, mostly in the Middle East, West Africa, Mexico, and the North Sea.

  • Parakou, Cambridge Agree on Merger

    2 December 2014
    Business & Finance

    Blank check company Cambridge Capital Acquisition Corporation and privately-held tanker owner Parakou Tankers, Inc. have entered into a merger agreement. The deal stipulates that Parakou will become a publicly listed company through a merger transaction with Cambridge. Once the transactions are completed, Cambridge will be merged with and into a newly formed Marshall Islands company and […]

  • Interview: Most countries are struggling with Offshore Safety Directive implementation

    23 October 2015

    During last week’s Offshore Energy Exhibition & Conference (OEEC) 2015 in Amsterdam, Offshore Energy Today interviewed Mr. Rob Beks, Senior Consultant, Asset Risk Management at DNV GL, prior and in relation to Offshore Safety session, held on the second day of the conference. During this session, the topic of offshore safety was observed from different angles […]

  • Minesto targets Asian market with Swedish Energy Agency funded program 

    10 March 2025
    Business Developments & Projects, Collaboration, Innovation, Outlook & Strategy, Research & Development, Technology, Vision

    Swedish tidal energy developer Minesto has been selected to participate in the Global Innovation Accelerator (GIA), a program funded by the Swedish Energy Agency and operated with Business Sweden.  According to Minesto, the initiative supports companies with an international market strategy that contribute to a sustainable energy transition. Minesto said that its participation will focus […]

  • PHOTO: Ellicott 1870 Dragon

    12 November 2015
    Business & Finance, Equipment, Technology, Vessels

    Ellicott Dredges LLC has just released an aerial photo of a portable cutterhead dredger, the 1870 Dragon, during its work in Latin America. Traditionally, port expansion projects are handled utilizing larger trailing suction hopper dredgers (TSHD) or other self-propelled dredging vessels. In certain cases, smaller, portable cutter suction dredgers are a better solution due to their […]

  • Evergas Takes Third Dragon

    16 October 2015
    Business & Finance

    Danish gas shipping company Evergas has taken delivery of the third 27,000 cbm ‘Dragon Class’ multi-gas carrier from the Sinopacific Offshore & Engineering shipyard in Qidong, China.  The third multi gas carrier was named JS Ineos Intrepid, and is a part of a series of four identical vessels ordered by Evergas at Sinopacific back in 2013. […]

  • Kongsberg Maritime to equip DOF’s next-gen offshore support vessel

    2 April 2025
    Business & Finance, Business Developments & Projects, Equipment, Green Marine, Outlook & Strategy, Project & Tenders, Vessels

    Kongsberg Maritime has secured a contract to deliver an integrated package of equipment for a new offshore support vessel (OSV) that Polish shipbuilder CRIST S.A. is constructing for Norwegian vessel owner DOF Group. Designed by MMC Ship Design, the 110-meter long DP3 ice-class vessel named Sea Dragon is capable of hosting 164 persons and is […]