Business & Finance
USA: BP to Sell Interests in Two Fields in Deepwater Gulf of Mexico
BP announced that it has agreed to sell its interests in the Pompano and Mica fields in the deepwater Gulf of Mexico to Stone Energy Offshore, LLC, a subsidiary of Stone Energy Corp . Under the agreement, Stone Energy will pay BP $204 million in cash. The agreement includes the sale of BP’s 75 per [
Japan: MES Delivers New Bulk Carrier to Helios Navigation
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 56,000 dwt type bulk carrier M.V. “DIAMOND JUBILEE” (MES Hull No. 1780) at its Tamano Works on 21st November, 2011 to HELIOS NAVIGATION INC., Panama. This vessel is a handy-max type bulk carrier of 56,000 dwt with a huge car
Inpex Gets Green Light to Buy Babar Selaru Block, Offshore Indonesia
INPEX’s subsidiary INPEX Banda, INPEX and Japan Oil, Gas and Metals National Corporation (JOGMEC) has been granted the approval of the Indonesian Government to acquire the 100% participating interest in the Babar Selaru Block (the “Block”) on the Indonesian First Bidding Round 2011. INPEX will, as t
UK: Four O&G Companies Join Plexus’ JIP for Development of POS-GRIP HGSS Subsea Wellhead
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® method of wellhead engineering, announces world leading oil and gas companies Maersk Oil North Sea UK Ltd; Shell International Exploration and Production B.V.; Wintershall Noordzee B.
Providence Spuds Barryroe Well, Offshore Ireland
Providence Resources P.l.c., has started with drilling operations at Barryroe, located in Standard Exploration Licence 1/11 in the North Celtic Sea Basin, offshore southern Ireland. Providence owns a 50% interest in the Licence and operates on behalf of its partners San Leon Energy Plc (30%) and Lan
Brazil: STX OSV Finalizes LPG Carrier Order with Transpetro
STX OSV Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, made effective the contract for eight LPG carriers for Petrobras Transportes S.A. (Transpetro). The contract for the construction of LPG carriers was originally signed in July 2010, but
Norway: Statoil Sells USD 1.6 Billion Worth of Assets to Centrica
Statoil ASA has decided to farm down three and exit five assets on the Norwegian Continental Shelf (NCS) for the consideration of USD 1.625 billion. The buyer is Centrica, a UK based energy company and established NCS player. “The transaction strengthens our capacity to further focus on value creati
ACE Cable Project Between South Africa and France Makes Progress
The US$700m Africa Coast to Europe (Ace) project to lay a high-capacity, 5,1Tbit/s submarine cable between France and SA is making good… (techcentral) [mappress] Source: techcentral , November 21, 2011
Finland: Mobimar Delivers its First Trimaran Crew Transfer Vessel to Meriaura
Mobimar Ltd. delivers its first trimaran crew transfer vessel to Meriaura Ltd. in March next year. The unique trimaran vessel Mobimar 18 Wind challenges current practices by making the offshore wind farms accessible for 96 more days per year, which greatly improves the profitability. When the signif
Norway: E.ON Gets Licence to Drill Near Skarv Offshore Field
E.ON Ruhrgas Norge AS, an upstream company established in Stavanger, Norway in 2003, has been granted a drilling permit for well 6507/6-4-A, cf. Section 8 of the Resource Management Regulations. Well 6507/6-4-A will be drilled from the Borgland Dolphin drilling rig at position 65°38’55.6” north and
Amphibious Transport Dock San Diego Completes U.S. Navy Acceptance Trial
Huntington Ingalls Industries’ sixth amphibious transport dock, San Diego (LPD 22), successfully completed her U.S. Navy acceptance trial this week. The ship returned to Ingalls Shipbuilding Thursday after a two-day sea trial. “It’s amazing what 25,000 tons of steel can do sailing through the Gulf o
Brazil: Chevron Accepts Responsibility for Oil Sheen in Vicinity of Frade Field
Chevron Corporation reports that its subsidiary, Chevron Brasil Upstream Frade Ltda., continues to work in partnership with Brazilian government agencies to contain, reduce and eliminate the remaining oil sheen in the vicinity of its Frade field. The sheen, estimated at approximately 18 barrels or l
Brazil: Chevron Continues Work on Containing Oil Sheen Near Frade Field
Chevron Corporation yesterday reported that the operations have been in progress in partnership with Brazilian government agencies to contain, reduce and eliminate the remaining oil sheen in the vicinity of its Frade field. The sheen, estimated at approximately 18 barrels or less in volume, is locat
OSM Singapore Takes Full Management for Container Vessel Eline Enterprise
OSM Singapore has full management for the container vessel “Eline Enterprise”. The take over was 10 November in Singapore. The vessel is on a fixed trade between Darwin – Singapore – Dilli (Timur Leste) with an OSM crew consisting of Indians and Indonesians. “Eline Enterprise” was built in 1998 and