Fossil Energy
UTEC, SBM Offshore Sign Multi-Year Agreement
Leading independent offshore survey company UTEC has announced the award of a significant multi-year framework agreement. The agreement is with SBM Offshore (Monaco) to provide offshore survey and positioning services carrying its construction vessel fleet, initially covering operations on-board the
Statoil Extends Contract with Møkster for ‘Stril Pioner’ PSV
Norway’s Simon Møkster Shipping AS has announced that Statoil has extended the Charter for “Stril Pioner” with two yeas firm contract from July 2013, with further two by two years options. “Stril Pioner” was one of the first gas fueled supply (PSV) vessels in North Sea operation and has been operati
Seadrill Increases Ownership in AOD
Seadrill, an international offshore drilling contractor, has today acquired additional 1,127 shares of Asia Offshore Drilling Limited (AOD). The shares were acquired at price NOK 28.70 per share. Following this acquisition, Seadrill will be the owner of 26,377,643 shares in the Company, correspondin
Boskalis Ups Stake in Dockwise to 29 Pct (The Netherlands)
Royal Boskalis Westminster N.V. (“Boskalis”) yesterday acquired approximately 11.5 million shares in Dockwise. This shareholding represents 29% of the shares in the Dutch heavy-lift and transportation specialist. Boskalis yesterday announced its intention to acquire Dockwise for a total consideratio
TAQA Working to Restart North Cormorant Production (UK)
TAQA Bratani has reported that production on North Cormorant, Tern and Eider is in the process of being restarted. The company on Sunday evacuated 92 workers from the North Cormorant platform in the UK North Sea due to a gas leak on the facility. “TAQA will begin re-manning of North Cormorant as soo
Statoil Supends Brugdan II Drilling Due to Bad Weather (Faroe Islands)
Statoil and its partners ExxonMobil and Atlantic Petroleum have decided to temporarily suspend operations on the Brugdan II well offshore the Faroe Islands. The Brugdan II well has drilled into the sub-basalt section, but the primary objective has not yet been reached. “The decision to suspend the d
Shell Extends Underwater Services Contracts with Subsea 7
Subsea 7 S.A. announced today the extension of both of its Underwater Services Contracts (USC) by Shell Upstream International Europe. The extension of both contracts will start in 2014 and continue until at least 2016. The extension in aggregate is worth approximately $360 million. Under these cont
Boskalis Now Owns 22% Stake in Dockwise (The Netherlands)
Following a press release issued this morning regarding an intended offer for Dockwise Ltd , Royal Boskalis Westminster N.V. (“Boskalis”) announces that it has acquired in excess of 8.5 million shares in Dockwise in the course of trading today. This shareholding represents slightly less than 22% of
Songa Offshore Puts Difficult Period Behind, CEO Says
Songa Offshore SE reports operating revenue for the third quarter 2012 of USD 145.4 million with a total loss of USD 108.4 million, following an impairment loss of USD 116.8 million due to the sale of the ultra deep water rig Songa Eclipse. EBITDA for the quarter was USD 56.8 million. “Our ambition
ConocoPhillips Selling Kashagan to ONGC (Kazakhstan)
ConocoPhillips today announced that it has notified government authorities in Kazakhstan and its co-venturers of the company’s intent to sell its 8.4 percent interest in the North Caspian Sea Production Sharing Agreement (Kashagan) to India’s ONGC Videsh Limited. Subject to various government approv
Noreco Sells Romeo Stake to Total (UK)
Noreco UK Ltd, a fully owned subsidiary of Norwegian Energy Company ASA, has entered into an agreement to sell 11.9 percent of UK licence P1666, where the Romeo exploration well is currently being drilled, to Total. After this transaction, Noreco will keep a 10 percent interest in the licence. The c
Boskalis Buys 10 Pct Shares in Dockwise (The Netherlands)
Following a press release issued this morning regarding an intended offer for Dockwise Ltd. (“Dockwise”), Royal Boskalis Westminster N.V. (“Boskalis”) announces that it has acquired approximately 4 million shares in Dockwise in the course of trading today. This shareholding represents more than 10%
PSA Orders BP to Fix Ula P Issues (Norway)
In connection with the investigation of the hydrocarbon leak on the P platform on Ula on 12 September 2012, conditions were identified in relation to the fire and explosion protection that do not comply with the regulatory requirements. The PSA has now given BP a notification of order. The inadequac
ISS to Support PGS in Seismic Survey Project (Greece)
Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has been appointed by Petroleum Geo-Services (PGS) to support a key marine seismic survey project in Greece. Under the three month research project, ISS Greece will provide marine services to the survey vessel ‘Nordic