Fossil Energy
Transocean Sells 38 Rigs to Shelf Drilling
Transocean Ltd. announced today that it has closed on the previously disclosed transaction to sell 38 shallow water drilling rigs to Shelf Drilling. Shelf Drilling is a newly-formed company sponsored equally by Castle Harlan, CHAMP Private Equity and Lime Rock Partners., focused on providing of shal
Damen Repairs Polarcus Adira (The Netherlands)
Damen Shiprepair Den Helder (The Netherlands) was awarded a contract for modification activities on the ‘Polarcus Adira’ operated by Dubai-based Polarcus, a company owning one of the biggest fleets of seismic vessels. The vessel arrived on berth Den Helder November 2nd for a port call of 4 days. Rep
Basic Offshore Orders Two PSVs of Havyard Design in China
Havyard has sold two designs for vessels for Basic Offshore in Singapore with an option for six further deliveries. Basic Offshore is a newly-established shipping company with its main focus on the market in West Africa. Basic Offshore has signed a contract with the shipyard Huangpu who has signed a
Dragados Offshore Hires IKM for Eldfisk Contract Support
IKM Testing will contribute Dragados within cleaning, pneumatic and hydraulic testing, pigging and torque. The contract has been awarded by Dragados Offshore, a company that services the Oil and Gas industry from the three main business centres: the headquarters’s office in Puerto Real and the Yard
PSA Finds Irregulations in ConocoPhillips’ Eldfisk Management (Norway)
On 15-16 October 2012, the Petroleum Safety Authority Norway (PSA) carried out an audit of ConocoPhillips (CoPNo) and Eldfisk 2/7. The objective of the audit was to follow-up how CoPNo safeguards regulatory maintenance management requirements. Nonconformities were identified in relation to: – Commun
Statfjord Field Inaugurated as a Cultural Monument (Norway)
The Statfjord field was yesterday inaugurated as a cultural monument at the Norwegian Petroleum Museum in Stavanger. The Directorate for Cultural Heritage has chosen the field as one of several symbols significant in the development of modern Norway. Eirin Sund, member of the Storting and deputy cha
Atlantic Amsterdam Named in Vlissingen, The Netherlands
The naming ceremony of Atlantic Amsterdam jack-up accommodation rig, owned by Atlantic Marine Services, recently took place at Damen’s Scheldepoort Repair & Conversion Yard in Vlissingen, The Netherlands. The rig, which arrived in The Netherlands in June, on dry tow from Singapore onboard the Dockwi
Dockwise: Boskalis’ Offer Too Low
Immediately following announcement of the unsolicited intended offer of Royal Boskalis Westminster N.V. for the acquisition of all outstanding shares of Dockwise Ltd. (”Dockwise”), Dockwise invited Boskalis to clarify its offer. Dockwise and Boskalis are scheduling a meeting to be held shortly. In t
Oil & Gas UK’s Event Focuses on Improvement of Hydrocarbon Recovery
Scottish Energy Minister, Fergus Ewing MSP, is to address delegates at Oil & Gas UK’s breakfast briefing on the 4th December. The event, sponsored by Endeavour Energy UK, is focussed on the issue of how to improve hydrocarbon recovery from existing assets on the UK continental shelf. The briefing wi
Höegh LNG Secures Loan to Finance FSRU in Lithuania
Höegh LNG has signed the USD 250 million Senior Secured Credit Facility for the financing of the FSRU for Lithuania. Reference is made to the stock exchange notice dated 17 August 2012 where Höegh LNG Holdings Ltd. announced that the Company had received commitment letters from four banks for a USD
Oil & Gas UK Welcomes TAQA’s Acquisition of BP’s North Sea Assets
Transfer of UK Oil and Gas Assets to new independents could boost investment and production, according to Oil & Gas UK. Noting the sale of a number of BP’s central North Sea oil and gas fields to TAQA today, Mike Tholen, Oil & Gas UK’s economics and commercial director, said: “We warmly welcome the
Statoil to Use Songa Delta for Drilling on Stjerne Field (Norway)
Statoil Petroleum AS (Statoil) has received consent to use Songa Delta semi-submersible rig for drilling, sidetrack drilling and completion on the Stjerne field. Statoil will use the rig for drilling, sidetrack drilling and completion on the Stjerne field in production licence 104. The Stjerne field
EBRD Divests 20 Pct of Its Shares in OMV Petrom (Romania)
The EBRD has sold 229,554,012 shares in OMV Petrom S.A., a leading company in the oil and gas sector located in Romania, which is listed on the Bucharest Stock Exchange. The partial sale represented 20 per cent of the Bank’s holding. The EBRD became a shareholder of Petrom in 2004 to support the pri
Sterling Farms Out Stake in Its North Sea Assets to Shell (UK)
Sterling Resources Ltd. has signed a deal with Shell to farm out a 40 percent participating interest in UK License P1792 covering Blocks 21/30f and 22/26c in the Central North Sea containing the Beverley prospect and the Belinda and Evelyn discoveries. Sterling was awarded these blocks in the UK 26t