Business & Finance
USA: Pacific Drilling Bags Five-Year Contract for Pacific Sharav in GoM
Pacific Drilling S.A. announced that its ultra-deepwater drillship the Pacific Sharav has been awarded a five-year contract by Chevron U.S.A. Inc. for operations in the United States Gulf of Mexico. Estimated maximum contract revenue, including mobilization and client requested modifications, is exp
Chevron Spends USD 1 Billion on Pacific Sharav Drillship Contract (USA)
Pacific Drilling S.A. announced today that its ultra-deepwater drillship the Pacific Sharav has been awarded a five-year contract by Chevron U.S.A. Inc. for operations in the United States Gulf of Mexico. Estimated maximum contract revenue, including mobilization and client requested modifications,
Japan Announces Feed-in-Tariff for Wind Power
Japan, the world’s third largest economy, has firmly shifted its future energy profile towards renewable energy technologies with a decision on Monday to implement a feed-in-tariff for wind power and other renewables. Reuters reported that the new incentives for renewable energies could unleash bill
UK: CMAL Inks Shipbuilding Contract for New Stornoway-Ullapool Ferry
Caledonian Maritime Assets Limited (CMAL) has today announced that the contracts have been formally signed to build the new Stornoway-Ullapool ferry, announced earlier this month. The various documents including the shipbuilding contract and lease were signed for the replacement vessel, which is to
Denmark: Ramboll Takes Part in “City to Harbour” Project
Ramboll is participating in an urban development project “City to Harbour” launched in the Danish offshore capital, Esbjerg. The project is part of a large, urban renewal plan for Esbjerg, and involves ten distinct projects, which will tie city and harbor closer together over the next ten years, and
The Netherlands: RWG Starts Construction of Container Terminal on Maasvlakte 2
Rotterdam World Gateway (RWG) has started construction of the first phase of its deep-sea container terminal on Maasvlakte 2. The 108 hectare site with a quay wall of 1,150 meters (depth of 20 meters), and a 550-metre quay specifically designed for barges has already been built by the Port of Rotter
UK: Subsea Vision Targets FPSO Market with Saab Seaeye’s Compact Cougar XT
Subsea Vision has taken delivery of a Saab Seaeye Cougar XT Compact, the low profile powerful ROV specially designed for working in high current areas and where access is restricted. Subsea Vision’s immediate target market for the Cougar XT Compact is the North Sea oil and gas industry. Further appl
Subsea Vision Targets North Sea Oil & Gas Industry with New ROV (UK)
Subsea Vision has taken delivery of a Saab Seaeye Cougar XT Compact, the low profile powerful ROV specially designed for working in high current areas and where access is restricted. Subsea Vision’s immediate target market for the Cougar XT Compact is the North Sea oil and gas industry. Further appl
AGR to Provide Offshore Drilling Services to Chevron in U.S. Gulf of Mexico
Oil and gas industry solutions provider AGR has signed a Master Well Services Contract and a Service Order with Chevron U.S.A. Inc. (Chevron). Under these agreements, AGR will provide Dual Gradient Drilling (DGD) offshore operational services for Chevron’s deepwater Gulf of Mexico programme for up t
UK: World’s First 100 Pct Fossil Fuel Free Sailing Cargo Ships Underway
Development is underway to design the modern world’s first 100 per cent fossil fuel free sailing cargo ships. With rising fossil fuel prices and the global challenge of reducing greenhouse gas emissions, this project is set to change the shipping industry by providing efficient and affordable low-ca
Vantage Drilling’s Fleet Expands Its Drilling Program
Vantage Drilling Company announced yesterday that it has received two contract awards for the Sapphire Driller adding an additional well to the Sapphire Driller’s current drilling program and three wells from another customer in the Ivory Coast. The contracts will commence in continuity with the cur
Greece: NewLead Sells Two Tanker Vessels
NewLead Holdings Ltd. yesterday announced that the Company entered into an agreement with Piraeus Bank S.A. to proceed with the sale of the two tanker vessels, Hiona and Hiotissa, for an aggregate amount of $57.0 million and to convert, subject to satisfaction of certain conditions precedent by the
Contract Extension Enables Nido to Complete 2D Seismic Survey Offshore Philippines
Nido Petroleum Philippines Pty Ltd, a subsidiary of Nido Petroleum Limited, as Operator of Service Contract 54, on behalf of the SC 54A and SC 54B Joint Venture Partners, wishes to advise that the Philippines Department of Energy (‘DOE’) have agreed to extend Sub-phase 6 for a period of twelve (12)
Nexus Identifies Fault at Longtom Offshore System (Australia)
Nexus Energy Limited (Nexus) advises that the vessel to inspect and potentially rectify the electrical fault that caused the suspension of Longtom offshore gas field production announced on 6 June 2012 arrived on site on 20 June 2012. Initial inspections have successfully identified the fault to be