Business & Finance
Finland-based Wartsila Eyeing Hamworthy Acquisition
Wärtsilä yesterday confirmed recent reports that it has been in talks with Hamworthy regarding a 825 pence per ordinary share cash offer. The potential offer is likely to assume that no further dividend will be paid but, if a dividend is paid, Wärtsilä’s offer will be reduced by the amount of that d
Fairmount’s Tug Escorts Drilling Rig Scarbeo 9 Around Cape of Good Hope, South Africa
Fairmount Marine’s powerful tug Fairmount Glacier has successfully assisted the new build semi submergible drilling rig Scarbeo 9 sailing around Cape of Good Hope. For this operation Fairmount was contracted by Saipem Energies directly after the successful installation of the floating, production, s
UK: WGP Exploration Enters Definitive Acquisition Agreement with Thalassa Holdings
The Directors of WGP Exploration Ltd announce that the company has entered into a definitive acquisition agreement with Thalassa Holdings Ltd. The combination unites the exceptional relationship the WGP Group has developed with Thalassa since 2007 and signifies both companies now officially working
USA: VT Halter Delivers First 750 Class Tank Barge
VT Halter Marine, Inc, a subsidiary of VT Systems, Inc, today delivered and christened the first 750 Class Tank Barges built at its Mississippi-based Pascagoula yard. This tank barge, the largest ever built by VT Halter Marine, is the first of three 330,000-barrel barges to be built for Crowley Mari
Norway: Island Offshore Receives 4 Months Contract for ‘Island Centurion’
Island Offshore, leading provider of high quality solutions for the offshore oil industry, receives 4 months contract for Island Centurion vessel. The contact is for supply duties in the North Sea. The contract has further option up to the time of conversion into a Stimulation Vessel. Island Centuri
Cove Energy Starts 3D Seismic Acquisition Offshore Kenya
Cove Energy plc , the AIM quoted upstream oil and gas company focused on East Africa, through its wholly owned subsidiary, Cove Energy Kenya Limited announces that 3D seismic acquisition has commenced in offshore Kenya licence areas L10A and L10B. After completion of the 3D survey, the vessel will b
Dutch Fairmount Escorts Scarabeo 9 Rig around the Cape of Good Hope, South Africa
Fairmount Marine, a Dutch marine contractor for ocean towage and heavy lift transportation, announces that its powerful tug Fairmount Glacier has successfully assisted the new build semi submergible drilling rig Scarbeo 9 sailing around Cape of Good Hope. For this operation Fairmount was contracted
USA: FMC Technologies Supplies Subsea Equipment for Shell’s Deepwater Completion Record
FMC Technologies, Inc. announced that its enhanced vertical deepwater tree (EVDT) system has set a new deepwater completion record of 9,627 feet (2,934 meters). The world record depth was achieved at the Shell-operated Tobago field, part of the Perdido development located in the Gulf of Mexico. The
Cove Announces Seismic Survey Start Offshore Kenya
Cove Energy plc ,offshore exploration company focused on East Africa, announces that 3D seismic acquisition has commenced in offshore Kenya licence areas L10A and L10B. After completion of the 3D survey, the vessel will be reconfigured and will commence 2D seismic acquisition in the western portion
Holiday Season Could Delay Ichthys FID, Inpex Says
INPEX announces today that Ichthys Project, which is undertaken by INPEX group of companies and Total group of companies, has been steadily progressing towards the Final Investment Decision (FID) to be made by the end of this year. “While this remains our target, taking into account administrative c
Norway: EMGS Presents Third Quarter Results
EMGS CEO Roar Bekker and CFO Svein Knudsen presented the third quarter results at Hotel Continental, Oslo. Highlights in the third quarter 2011: * Total revenues at USD 45.5 million for the quarter * EBITDA of USD 11.9 million * Net income of USD 7.5 million * Contract worth USD 90 million awarded b
Norway: Zapffe Disappoints
North Energy declares that the rig “Aker Barents” has completed drilling of wildcat well 7121/9-1 (Zapffe) located in PL518 in the Barents Sea. The well was drilled to a total depth of 2417 m below sea level. The purpose of the drilling was to prove hydrocarbons in the Lower Cretaceous and Upper Jur
Statoil Acquires 30 Pct Interest in Block 47 Offshore Suriname from Tullow Oil
Tullow Oil operates the block 47 licence offshore Suriname with 100% working interest. Tullow will retain the operatorship and 70% working interest. The agreement is subject to approval from Staatsolie Maatschappij Suriname, the state oil company of Suriname. Block 47 lies in a frontier area in the
NOVATEK Sends Tanker ‘Perseverance’ via Northern Sea Route
OAO NOVATEK has announced today that the Tanker “Perseverance”, carrying 60 thousand tons of the Company’s stable gas condensate, has passed through the Bering Strait and into the Pacific Ocean. The Perseverance has become the ninth high-tonnage tanker in the 2011 navigational period to transport NO