Sembcorp Marine’s subsidiary PPL Shipyard has signed a US$195 million contract to sell a jack-up rig, already under construction, to Transocean Ltd, the world’s largest drilling contractor and the leading provider of drilling management services worldwide. The jack-up rig is based on PPL Shipyard’s
The Board of Directors of Kencana Petroleum Berhad announces that its wholly owned subsidiary, Kencana HL Sdn. Bhd. (“KHL”) has secured contracts from Sarawak Shell Berhad (“SSB”) for the fabrication of compression modules and tie-in modifications (“Contracts”). Under the Contracts, KHL is to undert
Petroleum Geo-Services ASA (“PGS” or the “Company”) has decided to effect a private placement, directed towards professional Norwegian and international investors, after the close of Oslo Børs today. The private placement comprises of up to 19,799,998 new shares, with the price to be determined thro
EBIT rises despite decline in revenue Net result climbs 24.6% to EUR 21.8 million In the period from April 1 to September 30, 2010, REpower Systems AG (WKN 617703) generated a total performance of EUR 515.2 million (previous year: EUR 617 million) and group revenue of EUR 499 million (previous year:
Seadrill has entered into an agreement for the construction of two jack-up drilling rigs with Dalian Shipbuilding Industry Offshore Co., Ltd (DSIC) in China. The new units are scheduled for delivery in the fourth quarter 2012 and first quarter 2013 respectively, and total project cost is estimated a
Eni announces the successful results of the Perla 3 well, located in the Cardón IV Block, in the shallow water of the Gulf of Venezuela. This well confirms Perla as a world-class supergiant gas discovery, one of the most significant in recent years and the largest ever in Venezuela, upgrading curren
Advent Energy Ltd (Advent) announces that it has received approval from Industry & Investment NSW (I&I NSW) for the drilling of New Seaclem-1, offshore Newcastle, NSW. The NSW Department of Industry & Investment trades as Industry & Investment NSW (I&I NSW). Approval has been granted for Asset Energ
Grenland Group is contracted to deliver one integrated template structure and one manifold for FMC Technologies at Kongsberg. The total weight for the delivered structures will be approximately 350 tonnes. FMC Technologies recently signed an agreement with Statoil for the delivery of subsea producti
Odfjell Drilling and Statoil have entered into an agreement regarding Deepsea Atlantic. In addition, Statoil has exercised a 1 year option of further use of the rig, committing the rig to Statoil for a fixed period until 4 August 2014. “We are obviously very pleased that we have reached an agreement
MEO Australia Limited has executed a binding sales and purchase agreement with Silver Wave Energy Pte Ltd (“Silver Wave”) to acquire their 100% interest in exploration permits AC/P50 and AC/P51 in the Ashmore Cartier region of the Timor Sea. Consideration for this acquisition is US$270,000 payable u
Dredging Corporation has announced its results for the quarter ended September 2010. It has reported net profit at Rs 2.9 crore as against… (moneycontrol) [mappress] Source: moneycontrol, November 15, 2010
Cobalt announced execution of a Drilling Rig Contract with Diamond Offshore Drilling Inc. for use of the Ocean Confidence drilling rig. Cobalt plans to use this rig to drill the first two wells on Block 21 in the deepwater offshore Angola. Cobalt has an option to drill up to two additional wells. Th
Subsea 7 Inc , one of the world’s leading subsea engineering and construction companies, today announces the award of a new Day-Rate contract with Petrobras (Petróleo Brasileiro S/A). The contract, valued in excess of US $110m, is for the exclusive use of Subsea 7’s pipelay vessel, “Lochnagar” and w
Anadarko Petroleum Corporation announced the Mercury-1 exploration well offshore Sierra Leone encountered approximately 135 net feet of oil pay in two Cretaceous-age fan systems. Mercury is the company’s second deepwater test in the Sierra Leone-Liberian Basin and was drilled to a total depth of app
