MEO Australia Limited advises that the Songa Venus semi-submersible drilling rig was handed over from Shell at 5pm (Perth time) on Sunday 14th November and is currently under tight tow to the Artemis-1 location. The journey is programmed to take approximately eight days at current tow speed, however
Three well-known companies from the Low Countries have established a common venture for providing maritime services. CTOW will manage these services at dedicated maritime terminals on a worldwide scale, which includes all related port operation activities. Given the combined experience and resources
Cobalt announced an important modification of its contract with Ensco for the 8503 drilling rig. The amendment provides for a substantially reduced day rate in the event that the rig is unable to work due to continued permitting delays in the Gulf of Mexico. About Cobalt Cobalt is an independent oil
Two contracts worth around USD 90 million have been awarded to Subsea 7. These are EPCI contracts, which include engineering, procurement, construction and installation of the pipelines and control cables connecting the PanPandora and Katla fields in the North Sea to existing production systems. The
The Petroleum Safety Authority Norway has granted GDF SUEZ E&P Norge AS (GdF) consent for drilling and completion of wells on the Gjøa field with the mobile drilling facility Transocean Searcher. The consent encompasses drilling and completion of a total of 11 wells, of which five are scheduled for
Desire Petroleum PLC the oil and gas exploration company wholly focused on the North Falkland Basin, announces that the Rachel North 14/15-2 well was spudded at 10:40 hrs (GMT) on 12 November 2010. A further announcement will be made once drilling is completed. Desire Petroleum plc (Desire) is a UK
DryShips Inc. , a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that its fully-owned subsidiary Ocean Rig UDW Inc. has received a Letter of Intent for the Eirik Raude from a British exploration company. The Letter
Bergen Group has, through its subsidiary Bergen Group AS Halsnøy signed a Letter of Intent on a rebuilding of the seismic vessel “Geowave Master” owned by Master and Commander AS. The LOI includes work project with a total estimated value of NOK 160 – 170 million(Approximately USD$28 million). The v
Tap Oil Limited announces that the retail component (Retail Entitlement Offer) of its 1 for 2 Accelerated Non-Renounceable Pro Rata Entitlement Offer announced on 14 October 2010 (Offer) has closed. Acceptances for 9,471,912 Shares were received, representing a take up of approximately 24% of the to
Providence Resources P.l.c. („Providence‟), the AIM and ESM listed exploration and production company announced that it has signed a 10 month option agreement with Star Energy Group (“Star”) in relation to its 100% owned and operated Standard Exploration Licence (SEL) 1/07 („Dragon Licence‟) in the
Electromagnetic Geoservices ASA (EMGS) has been awarded a contract worth in excess of USD 2 million by the block SC60 joint venture, which is operated by Shell Philippines Exploration BV. The work will be performed shortly from the 3D EM vessel BOA Galatea. This vessel is now fully booked for the re
Mermaid Maritime Public Company Limited announces that its wholly owned subsidiary Subtech Ltd. has entered a joint venture agreement with General Technologies & Systems Co. Ltd. (“Gentas”), a subsidiary of Shoaibi Group and Saudi Trading & Research Co., Ltd. (“Starc”), to form Subtech Saudi Arabia
Federal environment minister Tony Burke today approved, with strict conditions, Shell’s Prelude floating LNG facility in the Browse Basin off the coast of Western Australia. “While there are significant economic benefits to these projects, which must be a consideration in my decision, my focus has b
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:
