Business & Finance
USA: Chevron Awards Transocean with Contracts for Two Jack-up Rigs
Transocean, the largest drilling contractor in the world, has been awarded a five-year drilling contract by Chevron which requires the construction and operation of a Keppel FELS Super B Class Jackup. The rig will be named Transocean Siam Driller, announced Transocean in its Fleet Status Report. Dur
UK: Alstom and SSE Renewables to Develop Costa Head Wave Project Off Orkney
Alstom and the leading Scottish marine developer SSE Renewables have signed a new joint venture agreement to develop the Costa Head Wave Project, an up to 200 Megawatts (MW) wave energy site located north of mainland Orkney, in The Crown Estate’s Pentland Firth and Orkney Waters Strategic Area. Alst
Italy: Preliminary Indications – Human Error Caused Cruise Tragedy
Owners of the wrecked Costa Concordia cruise ship have said “preliminary indications” suggested the captain may have been guilty of “significant human error”. “The route of the vessel appears to have been too close to the shore, and the captain’s judgment in handling the emergency appears to have no
INPEX Buys Stake in Two Blocks Offshore Sabah, Malaysia
INPEX has been granted the approval by PETRONAS, the national oil company of Malaysia, to acquire a 75% participating interest in the deepwater Block S, and a 37.5% participating interest in the deepwater Block R. Both blocks are located offshore Sabah, Malaysia. Block S In Block S, INPEX Offshore N
Estonia: Incat Crowther Launches New 24m Catamaran Scientific Research Vessel
Incat Crowther announces the launch of a 24m Catamaran Scientific Research Vessel. Built by Baltic Workboats in Estonia, Vėjūnas is a demonstration of the yard’s experience, capability and build quality. Vėjūnas also demonstrates Incat Crowther’s expertise in designing a vessel with a large, practic
Malaysia: Nam Cheong Builds 75m Offshore Support Vessel
Nam Cheong Limited, one of the leading global marine players and Malaysia’s largest shipbuilder of Offshore Support Vessels (OSVs), is currently building two vessels specially designed for transportation of supplies and equipment to and from offshore installations. Dedicated to the construction and
Chevron’s Jack-up Rig K.S. Endeavor Catches Fire Offshore Nigeria
Chevron Nigeria Limited, said it was working to contain a fire that ignited yesterday aboard the K.S. Endeavor, a drilling rig offshore Nigeria operated by FODE Drilling Nigeria Limited. The rig was drilling a natural gas exploration well, located in the Funiwa Field approximately six miles (10 kilo
Large Oil & Gas Companies Interested in Albania’s Durresi Block
San Leon Energy today reported a significant progress on its Durresi License offshore Albania. The Company has received the first final processed volumes from its 840 km2 3D seismic survey in late 2011. The survey was processed by Western Geophysical in London with a focus on detailed structural ima
Afren Strikes Oil Offshore Nigeria
Afren plc announces that the Okoro East exploration well, offshore south east Nigeria, has made a new oil discovery having encountered 549 ft true vertical thickness (TVT) of net oil pay and 41 ft of net gas pay in excellent quality reservoir sands. The well result represents a successful start to A
Naming Ceremony for USS Coronado at Austal Shipyard, USA
The fourth littoral combat ship was christened Coronado during a ceremony at Austal USA Shipyard in Mobile, Ala., Jan. 14. Assistant Secretary of the Navy for Research, Development & Acquisition, Sean Stackley, delivered the principal address at the ceremony, and Susan Ring Keith served as the ship’
Incat Crowther Launches New 24m Catamaran Scientific Research Vessel in Estonia
Incat Crowther announces the launch of a 24m Catamaran Scientific Research Vessel. Built by Baltic Workboats in Estonia, Vėjūnas is a demonstration of the yard’s experience, capability and build quality. Vėjūnas also demonstrates Incat Crowther’s expertise in designing a vessel with a large, practic
Sonde Receives Extension on 1st Phase of Joint Oil Block Exploration (Tunisia / Libya)
Sonde Resources Corp. has received a one year extension to December 23, 2013, on the first phase of the Exploration period to conduct operations on the Joint Oil Block in North Africa. This extension is conditioned on commencement of the three well drilling program in September 2012, which is Sonde’
Brazil: OGX Encounters Huge Hydrocarbon Column in Santos Basin
OGX, a largest privately owned oil & gas company in Brazil, today announced that it has identified the presence of hydrocarbons in the Albian and Aptian sections of well 1-OGX-63-SPS in the BM-S-57 block, in the shallow waters of the Santos Basin. OGX holds a 100% working interest in this block. “Th
Axin and Huawei Marine Finalize Survey Agreement for Link Between Australia and New Zealand
Axin Limited and Huawei Marine announced the finalization of a survey agreement for the trans-Tasman Optikor Network. The survey to be launched is a critical element of the project, as the data collected will allow Huawei Marine to deploy a system properly designed for the changing conditions along