Red Emperor Resources NL has announced an oversubscribed placing, through its London Broker, Brandon Hill Capital, and its Australian Broker, 708 Capital, of 72,000,000 new ordinary shares at 4 pence (A$0.08) per share to raise £2.88 million (A$5.76m) before expenses. Proceeds from the raise and exi
Seadrill Partners LLC, a London-based company formed by Seadrill Limited to own, operate and acquire offshore drilling rigs, has appointed Andrew Cumming to its board of directors. The company says that Cumming will also serve on the conflicts committee of Seadrill Partners. As said in the statement
British oil giant BP has reached a significant milestone with the second phase of its Clair Ridge field development, located west of the Shetland Islands, UK. The company has today said it has installed the quarters and utilities topside modules at the new Clair Ridge platform. Dutch firm Heerema lo
Norwegian rig workers’ unions and The Norwegian Shipowners’ Association have reached a settlement on wages increase, avoiding a strike that would have otherwise kicked off today on several offshore installations. The talks had gone to overtime, as the deadline to reach a deal had been set for midnig
Suncor Energy has drilled the Niobe exploration well, in licence P1889 in the UK North Sea, to target depth without encountering hydrocarbons. Spudded on June 8, 2015 the well was drilled by the jack-up drilling unit Ensco 100 in the P1889 licence, close to the Beatrice oil field in the Outer Moray
Independent Oil and Gas plc (IOG), the North Sea focused oil and gas company, has informed that discussions with certain FPSO providers are ongoing for the Skipper field development located in licence P1609 in the UK North Sea. The licence was awarded in 2009 and currently Alpha Petroleum Resources
From 11 to 13 May 2015, the Petroleum Safety Authority Norway (PSA) carried out an audit of Statoil’s control and management of materials handling, the technical condition of lifting equipment and the company’s management of lifting equipment maintenance at Grane platform, in the central North Sea.
Ampelmann, a company focusing on development, construction and lease of offshore access solutions, has been awarded a contract by an oil & gas major operating in the Southern North Sea to provide access solution for its offshore assets. The Ampelmann A-type system is used for deploying workforce mor
COSL Drilling Europe is facing a tough decision after Statoil said it would cancel the contract for the COSL Pioneer semi-submersible drilling rig in Norway, citing overcapacity and lack of work. “This is the heaviest day in our company’s relatively short history. With this cancellation, we come to
Anadarko Petroleum, an independent oil and gas exploration and production company based in the U.S., has informed that its giant Heidelberg truss spar hull has left a yard in Texas, and is now on its way to its offshore location in the U.S. Gulf of Mexico. The company shared the info through Faceboo
Lundin Norway AS has started drilling its second Alta appraisal well in the Barents Sea South and drilling of an appraisal well on the Edvard Grieg field in the Norwegian North Sea. Drilling has also started on the partner-operated Zeppelin exploration well in the southern North Sea. The second Alta
The Petroleum Safety Authority (PSA) has given Statoil consent to use the Scarabeo 5 drilling rig for drilling and completing well 7121/4-G-4 H located in the Snøhvit field, in the Barents Sea. Scarabeo 5 is a type ME 4500 semi-submersible drilling rig built by Fincantieri Shipyards in Genoa, Italy
Bloomberg Business earlier in June reported that the offshore drilling contractor Pacific Drilling was being looked at by Transocean, Ensco and Seadrill as a potential takeover candidate. Also, it has been reported that Chevron, the driller’s largest customer has cancelled a Gulf of Mexico rig tende
Danish offshore drilling contractor Maersk Drilling is going to downsize its workforce in Norway as two of its rigs are going out of contract later this year. The rigs in question are the two jack-up units, Maersk Giant and Maersk Guardian. According to a Maersk Drilling spokesperson, the rigs will
