Fossil Energy
Shell Extends Contract for KS Energy’s Accommodation Unit (UK)
Singapore’s KS Energy Limited has announced that its subsidiary, Atlantic Rotterdam Limited, will continue its existing bareboat charter contract worth up to EUR 3 million for its jack-up offshore accommodation rig Atlantic Rotterdam for another 6 months. This is an extension to the contract signed
Proserv Secures Two Subsea Contracts in UK North Sea
Global-leading energy production technology services company Proserv has recently secured two major contract wins worth in excess of £6 million, underpinning the company’s fast-evolving international footprint. The multi-million pound deals with two of the North Sea’s most foremost oil and gas opera
Statoil Writes Off Shtokman Investment. Gives Back 24pct Stake (Russia)
Norway’s oil and gas company Statoil has decided to write off $336.2 million of investment and to hand back its 24 pct share in what is expected to be a giant gas development project, Shtokman, Reuters reports. The consortium formed in 2009, and named Shtokman Development AG, by Russia’s Gazprom, Fr
BiFab Gets Slice of Cygnus Cake (UK)
Burntisland Fabrications Ltd (BiFab) has secured a contract for the £1.4 billion ($2.18 billion) Cygnus Project which will develop the sixth largest gas field in the UK Southern North Sea. The contract covers the award of the design, procurement and construction of four jackets, complete with piles,
Garantiana Drilling Begins Offshore Norway
Bridge Energy ASA has announced that drilling of exploration well 34/6-2S has started. The well will target the Garantiana prospect which is located 30 km northeast of Visund A platform in the Norwegian North Sea. The well is being drilled by using the Borgland Dolphin semi-submersible drilling rig.
Xcite Energy Secures Loan to Fund Bentley Field Development (UK)
Xcite Energy yesterday closed on the issue of US$10 million of unsecured Loan Notes to a fund managed by West Face Capital Inc. The funds will be used to provide contingency funding during the important Phase 1A work programme on the Bentley field. The Loan Notes have an initial term of 236 days and
Demand Rises for Ezion’s Offshore Service Rigs
Singapore’s Ezion Holdings Limited has secured a charter contract and a letter of intent to provide two additional Service Rigs to be used by multinational oil majors to support their oil & gas activities in the North Sea. The charter contract with a value of up to approximately USD 80 million over
Russian-Malaysian JV Fails Offshore Cuba. Better Luck for Venezuelans?
Cuba’s state oil company, Cubapetróleo (Cupet) informed the communist country’s media that Catoche 1X well drilling offshore Cuba has been unsuccessful. The well drilled by a consortium consisting of Malaysia’s Petronas and Russia’s Gazprom has indeed encountered oil but, according to Reuters, the d
Kenz Cranes Equips Chevron Captain Platform with Offshore Pedestal Crane (UK)
On Saturday July 28th, Kenz Cranes, The Netherlands-based provider of offshore lifting and hoisting solutions, successfully delivered the new build 30t rope luffing offshore pedestal crane. After final load testing, the Kenz crane has been transported and will be installed onto the Chevron Captain p
Cosalt Offshore Names Operations Director (UK)
Cosalt Offshore, a provider of integrated lifting integrity solutions and lifeboat services to the oil and gas industry, has announced the appointment of Keith Mackie as new operations director. Mr Mackie joins the team at Cosalt Offshore with over 25 years operations management experience, having p
Artemis Atlantic Completes Nordland IV and V Seismic Survey (Norway)
Artemis Atlantic concludes the acquisition of seismic data in Nordland IV and V on Tuesday 7 August. On Monday, the vessel acquired seismic data in areas 3 and 4. Before the acquisition ends on Tuesday, two lines will be acquired on the boundary between areas 2 and 3 (see map). The acquisition of se
International Offshore Rig Number Drops in July
Baker Hughes Incorporated announced today that the international rig count for July 2012 was 1,264, down 21 from the 1,285 counted in June 2012, and up 114 from the 1,150 counted in July 2011. The international offshore rig count for July 2012 was 286, down 19 from the 305 counted in June 2012 and d
Prosafe Sells Jack-Up Unit to Asian Client
Prosafe Rigs Pte Ltd, a wholly owned subsidiary of Prosafe SE, has signed an agreement to sell the accommodation jack-up Safe Esbjerg to a customer in South East Asia. Total proceeds amount to USD 55 million and are divided into two tranches. USD 38.5 million is payable within 60 days after closing,
J P Kenny to Provide Subsea Services for Apache’s North Sea Assets (UK)
Wood Group Kenny’s subsea and pipeline business J P Kenny has recently been awarded a $7.5 million contract by Apache North Sea Limited to provide subsea engineering services. The contract runs initially for 3 years with further options beyond this timescale. The agreement covers all of Apache’s Nor