1442 results found for 'seadrill'

1442 results found for 'seadrill'
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  • APSI Commitment for USD 65 Million Term Loan Expires

    20 January 2014
    Business & Finance

    Aker Philadelphia Shipyard ASA announced today that the commitment letter between its wholly owned U.S. subsidiary, Aker Philadelphia Shipyard, Inc. (APSI) and a group of private lenders that was announced on 14 November 2013 has expired. This commitment had been for a secured term loan of $65 million with a variable interest rate of LIBOR […]

  • Seaspovill Orders Second Damen Fast Ferry

    18 September 2014
    Business & Finance

    South Korean operator Seaspovill signed its second contract for a Fast Ferry with the Netherlands-based shipbuilder Damen Shipyards Group. The Fast Ferry 4212 – to be named SEA STAR 5 – will operate between Mookho and Ulleung-Do at the East-coast of South Korea. The ferry is a high-speed catamaran passenger ferry. The Damen Fast Ferry […]

  • Thorco and United Heavy Lift Team Up

    20 September 2016
    Business & Finance

    Copenhagen-based shipping company Thorco Shipping and the German project and heavy lift specialist United Heavy Lift have joined forces to create Thorco Projects. By combining the two companies’ fleets, the joint venture is expected ”to become a major player” within the project and heavy lift market. Two company profiles complement each other very well, according to Lars Rolner, the founder […]

  • USA: APSI Commences Production of Tanker for Joint Venture with Crowley

    7 January 2014
    Business & Finance

    Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA, began production activities yesterday on the first product tanker that it is building for its joint venture with Crowley. Crowley and APSI have signed contracts for the first four tankers, with a total contract value of approximately $500 million. A small […]

  • USA: Aker Philadelphia Shipyard Lays Keel for New Product Tanker

    3 April 2012
    Business & Finance

    Aker Philadelphia Shipyard, a leading U.S. commercial shipyard, held a ceremonial keel laying yesterday morning for Ship 018, the 14th product tanker being built at the yard. Following long held shipbuilding tradition, coins were placed on one of the keel blocks that support the vessel during construction before the section of the ship was lowered […]

  • Hayling Island Works Wrap Up

    11 November 2019
    Business & Finance

    Eastern Solent Coastal Partnership (ESCP) said in their latest announcement that the beach nourishment works on Hayling Island are now successfully completed. The 2nd November storm event, which occurred the day after the dredger left site, overtopped the beach, leaving shingle and seawater on the promenade (typical of a storm event of such magnitude). “We […]

  • APSI and Crowley Maritime in Joint Venture

    8 November 2013

    Aker Philadelphia Shipyard, Inc. (APSI), and Crowley Maritime Corporation have completed definitive documentation and satisfied the closing conditions for the joint venture related to the operation and chartering of at least four product tankers. The transaction was originally announced on August 9, 2013. The agreements include binding shipbuilding contracts for the first four product tankers, […]

  • USA: Aker Philadelphia Shipyard Starts to Build Product Tanker

    25 October 2011
    Business & Finance

    Aker Philadelphia Shipyard​, a leading U.S. commercial shipyard, held a ceremonial keel laying this morning for Ship 017, the 13th product tanker being built at the yard. Following long held shipbuilding tradition, coins were placed on one of the keel blocks that support the vessel during construction before the section of the ship was lowered […]

  • SapuraKencana buys Petronas’ blocks for $400M

    20 November 2014
    Business & Finance

    SapuraKencana Petroleum Berhad will buy Petronas’ interest in three blocks offshore south Vietnam (Blocks 01/97 & 02/97, Blocks 10&11.1, Block 46-CN) for a total purchase price of $400 million. The economic effective date of the transaction is January 1, 2014 and SapuraKencana is entitled to net revenues from these Blocks from that date, the company said […]

  • SapuraKencana Profits Rise Despite Q4 Dive

    24 March 2015
    Business & Finance, Equipment, Operations & Maintenance

    SapuraKencana Petroleum Berhad has recorded net profit of RM 1.4 billion (approximately $383.6 million) for the financial year 2015 (FY2015), an increase of 32%, compared to RM 1.1 billion ($301 million). Malaysia’s offshore oil & gas contractor generated revenues of RM 9.9 billion ($2.7 billion) and profits before tax of RM 1.6 billion ($438 million) for FY2015 […]

  • Stena rig moving out of North Sea to Morocco for Chariot well

    1 December 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Africa-focused Chariot has revealed that the Stena Drilling-owned Stena Don rig has started its mobilisation to Morocco.

  • Sapura Energy makes first entry into Australia

    5 September 2018

    Malaysia’s Sapura Energy has farmed in a trio of Finder Exploration’s of Australian offshore exploration permits.

  • The Netherlands: Huisman’s Newbuild Vessels Showcase Latest in Pipelay Technology

    31 January 2014
    Business & Finance

    Huisman, the worldwide specialist in lifting, drilling and subsea solutions, currently has five newbuild pipelay systems out on the quayside of their production facility in Schiedam, The Netherlands. These “high five” showcase the latest in pipelay technology and underline the added value of the new production hall for Huisman Schiedam. This 66m high production hall […]

  • USA: Aker Philadelphia Shipyard Holds Keel Laying Ceremony for Product Tanker

    25 October 2011

    Aker Philadelphia Shipyard, a leading U.S. commercial shipyard, held a ceremonial keel laying this morning for Ship 017, the 13th product tanker being built at the yard. Following long held shipbuilding tradition, coins were placed on one of the keel blocks that support the vessel during construction before the section of the ship was lowered […]

  • Norway: PSA Hosts Seminar on Wellhead Fatigue

    11 December 2012
    Business & Finance

    Petroleum Safety Authority Norway (PSA) conducted a seminar on wellhead fatigue in a system perspective on 6 December 2012. The goal of the seminar was to increase general knowledge on issues related to wellhead fatigue for subsea facilities, as well as to share experiences in the industry. The main focus was on a system and […]

  • SKE makes another gas discovery offshore Malaysia

    3 September 2014

    SapuraKencana Energy (SKE) today announced another gas discovery from Bakong-1, the fifth and final well in its 2014 drilling campaign within the SK408 Production Sharing Contract (PSC) area, offshore Malaysia. Bakong-1 is a significant discovery with a gross gas column in excess of 600 metres in the primary target reservoir located within Late Miocene Carbonates. […]

  • APSI Completes Documentation for Joint Venture with Crowley

    8 November 2013
    Business & Finance

    Aker Philadelphia Shipyard, Inc. (APSI), and Crowley Maritime Corporation have completed definitive documentation and satisfied the closing conditions for the joint venture related to the operation and chartering of at least four product tankers. The transaction was originally announced on August 9, 2013. The agreements include binding shipbuilding contracts for the first four product tankers, […]

  • Quadrant picks Transocean rig for Phoenix South well

    18 July 2017
    Business & Finance, Exploration & Production

    Australian oil and gas company Quadrant Energy has hired one of Transocean’s semi-submersible drilling rigs to drill the Phoenix South-3 well offshore Western Australia.  Carnarvon Petroleum, Quadrant’s partner in the permit, informed on Tuesday that the contract to drill the Phoenix South-3 well has been executed with Transocean and that the GSF Development Driller-1 semi-submersible drilling rig will […]

  • Gladstone Fishing Industry Continues Its Battle (Australia)

    30 August 2012

    The Gladstone fishing industry will continue its battle to be compensated for the effects of dredging and development in the local harbour. Earlier this year, the State Government-owned Gladstone Ports Corporation applied to have the fishers’ action dismissed. In a judgment handed down this morning, Judge David Searles found the case would not be able […]

  • Stena Drilling launches petition for UK quarantine exemption

    22 February 2021
    Authorities & Government, Human Capital, Outlook & Strategy, Regulation & Policy, Safety

    Aberdeen-based offshore drilling contractor Stena Drilling has launched a petition urging the UK Government to give oil workers returning from overseas full quarantine exemption.

  • US oil & gas player bags 41 new Gulf of Mexico blocks close to existing deepwater discoveries as it gears up for appraisal ops

    18 July 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    LLOG Exploration has added 41 deepwater blocks to its list of assets in the Gulf of Mexico, where it plans to spud an appraisal well this quarter.

  • Huisman Schiedam Showcases Its Pipelay Technology at Quayside

    31 January 2014
    Business & Finance, Equipment

    Huisman, the worldwide specialist in lifting, drilling and subsea solutions, currently has five new built pipelay systems out on the quayside of their production facility in Schiedam, The Netherlands. These “high five” showcase the latest in pipelay technology and underline the added value of the new production hall for Huisman Schiedam. This 66m high production […]

  • STORM ropes in cross-sector offshore energy developers

    21 December 2017
    Business & Finance, Research & Development, Technology

    An Innovate UK-funded STORM project has set up a marine moorings masterclass for the representatives of offshore energy industry to encourage cross-sector collaboration in solving mooring systems challenges.

  • Neon: Evacuated Rigs in Vietnam to Shortly Return to Operations

    12 November 2013

    Neon Energy Limited has provided following update regarding drilling of the Cua Lo-1 and Ca Ngu-1 exploration wells, located in Block 105-110/04 (“Block 105”) and Block 120, offshore Vietnam. Since the last update regarding Cua Lo-1 on 22 October 2013, drilling has reached the 9 5/8” casing point at a depth of 2,509 metres, having redrilled […]

  • KCA Deutag bags $550 million in new platform drilling contracts

    3 June 2021
    Business & Finance, Business Developments & Projects, Project & Tenders

    KCA Deutag has secured a contract award and two contract extensions for platform drilling services in Russia, UK, and the Norwegian North Sea.