Fossil Energy
Sevan Drilling Raises $179 Mln Through Private Placement (Norway)
Norwegian drilling contractor Sevan Drilling has raised NOK 987.5 million (approx. USD 179 million) in gross proceeds through a private placement of 250,000,000 shares, each with a par value of NOK 1 at a price of NOK 3.95 per share (the “Private Placement”). The Private Placement was oversubscribed
Exxon Hires Eirik Raude for Drilling Offshore Ireland
Ocean Rig UDW Inc., an international offshore drilling contractor, announced today that it has signed definitive documentation, following the previously announced Letter of Intent, for one of its semi-submersible drilling rigs, the Eirik Raude, with an oil major. The drilling contractor did not reve
Carl Icahn in Transocean Swoop
Carl Icahn, the world’s 50th richest person, has bought a 1.56% stake in the world’s largest offshore drilling contractor, Transocean. Ichan,76 , who is, according to Forbes, worth 14,8 billion, has also informed the Swiss-based rig owner that he intends to acquire more shares of Transocean in an am
Maersk Oil Hires Intertek for $3 Mln UK Work
Intertek, the global provider of quality and safety services, has secured work with Maersk Oil UK worth £3 million to provide offshore chemists and onshore laboratory analysis support. The three year contract has the option for two one year extensions and will see Intertek provide offshore chemists
Babcock Bags Subsea Structures Contract for Quad 204 Project (UK)
Babcock is to manufacture and deliver over 70 subsea structures as part of the major Quad 204 offshore redevelopment project, some 130km west of Shetland, UK, under a £30m+ contract awarded by BP. The complex and highly technical Quad 204 project consists of a new Floating Production System Offshore
TAQA’s Cormorant East Field Produces First Oil (UK)
Antrim today announces that first oil production has been achieved from the Cormorant East Field in UK Northern North Sea Block 211/22a Contender Area (the “Contender Block”, Antrim interest 8.4%). The initial production rate is approximately 5,500 barrels of oil per day (net Antrim approximately 46
Lundin Starts Drilling at PL 453S in Norwegian North Sea
The well will target the Ogna prospect, which is located some 65 km from the Ula Field in the North Sea, offshore Norway.
Aker Solutions, Talisman Sinopec Pen 5-Year Frame Agreement (UK)
Aker Solutions has secured an important five year frame agreement for the execution of contracts across Talisman Sinopec Energy UK Ltd’s brownfield projects on the UK continental shelf. Although the contract contains no firm spending commitment, the anticipated multi-million pound agreement cements
Ezra Bags Several Contracts in North Sea and Asia Pacific
Ezra Holdings Limited, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, announced today that its subsea services, offshore support services and energy services divisions (EMAS AMC, EMAS Marine and EMAS Energy respectively) have bee
Top News of the Week of Jan 7 – 12, 2013
Top News of the Week of Jan 7 – 12, 2013
NPD: The Shelf in 2012 (Norway)
Norwegian gas achieved record sales in 2012, while oil production declined more than expected. However, new profitable discoveries and a record number of developments in recent years form a basis for long-term value creation.
Farstad Inks Multiple Charter Deals in Brazil and North Sea
Farstad Shipping, a Norwegian owner of offshore support vessels, has secured multiple charter contracts in Brazil and North Sea region. The Alesund-based shipping company has informed that Statoil has awarded contracts to PSV Far Spica and PSV Far Scotsman to support the Statoil drilling campaign on
EPC Offshore Names New Head of Business Development (UK)
Specialist oil and gas project management company EPC Offshore has appointed a new head of business development to expand the firm’s customer base across the North Sea and internationally. Jonathan White’s appointment is the latest in a series of new senior management positions amid strategic restru
Ferguson Group Makes New Management Appointements (UK)
Aberdeenshire-based Ferguson Group has started the New Year by strengthening its management team with a round of key appointments. The Ferguson Group, specialists in the rental of containers, refrigeration containers, accommodation modules and engineering modules to the global offshore energy, has s