Nautilus Minerals is to raise approximately US$100 million (C$98.1 million*) through a private placement of common shares to fund the development of its first project, Solwara 1, in the Bismarck Sea of Papua New Guinea. The placing will involve the issue of approximately 39 million shares to a numbe
Hyundai Heavy Industries, the world’s biggest shipbuilder and a leading marine engine manufacturer, today announced it won orders to supply HiMSEN marine engines for drillships for major offshore drilling companies including Noble Drilling Holding LLC., Diamond Offshore Drilling Ltd. The 98 HiMSEN e
AGR Group announces new drilling technology and growth strategy. Sverre Skogen, CEO of AGR Group, outlined the corporation’s ambitions at the annual Pareto Securities Conference on August 31, 2011. AGR Group is embarking on a new growth strategy that will allow it to maximize opportunities presented
FoundOcean has completed grouting operations for a four-legged wellhead jacket in a greenfield location in the North Sea. The project forms part of a three year agreement between FoundOcean and Saipem Ltd. The jacket is installed in 81m water depth and the grouting took place via a sub-sea grouting
Statoil has received consent to use the mobile facility Songa Dee in the northern part of the North Sea on Gullfaks satellites. The consent relates to the wells Gullfaks Sør D, E, F, G, L, M; Gullveig K, Rimfaks H, I, J and Skinfaks. During the consent period, Songa Dee will carry out activities on
Fairmount Marine’s powerful tugs Fairmount Sherpa and Fairmount Summit have towed FPSO Skarv Idun to the field in the northern Norwegian Sea after it was completed and prepared in Norway. Both tugs had already performed the tow of FPSO Skarv Idun from Korea to Norway earlier this year. The FPSO was
Cameron has agreed to acquire LeTourneau Technologies Drillings Systems and Offshore Products divisions from Joy Global Inc. for approximately $375 million in cash. The boards of Cameron and Joy Global Inc. have unanimously approved the transaction, which is subject to customary closing conditions.
Odfjell Drilling on Monday 29 August 2011 signed a management agreement for the semisubmersible drilling rig “Island Innovator” owned by Marine Accurate Well ASA – Maracc (OTC MARA). The rig will be ready for operations in Norway Q4 2012. Odfjell Drilling CEO Simen Lieungh states: “We are very pleas
Cathelco are supplying hull corrosion protection systems and marine pipework anti-fouling systems for two new Ulstein X-Bow vessels which are being built for Polarcus, the marine geophysical company. The systems will be installed on the newbuilds NB292 and NB293 which are being constructed by Ulstei
DONG Energy advised in a company announcement on 25 July 2011 that the company had made an agreement with Noreco for DONG Energy to acquire Noreco’s interest in the Siri field in the Danish North Sea. As stated in the announcement, Noreco had the right to sell its interest or a part of it to [&helli
The Norwegian Petroleum Directorate has granted GDF SUEZ Norge AS a drilling permit for well 7124/4-1 S, cf. Section 8 of the Resource Management Regulations. Well 7124/4-1 S will be drilled from the Aker Barents drilling facility at position 71°35’16.16” north and 24°5’56.84” east after completing
Cameron has agreed to acquire LeTourneau Technologies Drillings Systems and Offshore Products divisions from Joy Global Inc. (NASDAQ: JOYG) for approximately $375 million in cash. The boards of Cameron and Joy Global Inc. have unanimously approved the transaction, which is subject to customary closi
The company’s offshore operations cover the full range of subsea services such as pre-installation pipe route surveys, SEWOP positioning, site hazard surveys, subsea riser and mattress installations. Survey Manager, Ugo Nwangwu, maintains the Easytrak system with its 900 Series Beacons fits perfectl
Seajacks published report on availability of their jack-up vessels. Seajacks is a leading owner and operator of purpose-built self-propelled jack-up vessels. Seajacks currently owns and operates self-propelled jack-up vessels out of Great Yarmouth in the United Kingdom, ‘Seajacks Leviathan’ and ‘Sea
