Repsol has agreed to sell a 3.83% stake of YPF to Lazard Asset Management and other investment funds for $639 million. Both transactions have been agreed at a price of $42.4 per share. Lazard Asset Management will acquire for $484 million a total of 2.9% of YPF for a number of its clients*, while [&
Awilco Drilling Limited has signed a contract with Nautical Petroleum plc for 1 firm well and 1 optional well for WilHunter. The contract represents the first well in the SPD multi well multi client 2011 drilling programme. The contract value for the firm part is approximately USD 5 million. Drillin
Providence Resources P.l.c. (“Providence”), the Irish oil and gas exploration and production company, whose shares are listed in London … [mappress] Source: euroinvestor, March 14, 2011;
Through its Trelleborg Engineered Systems business area, Trelleborg has signed an agreement to acquire a business in the offshore oil and gas industry in Brazil from a subsidiary of Veyance Technologies Inc. The business focuses on specially designed oil hoses for surface and deep-sea applications f
Det norske oljeselskap ASA has agreed to divest 10 percent in PL 522, blocks 6604/2, 3, 4, 5 & 6, to Centrica Resources Norge AS. Det norske is reducing its interest from 20 percent to 10 percent. This Norwegian Sea license is operated by BG and includes the Gullris prospect located at 1300 meters [
Scheldepoort Repair & Conversion Yard in the Netherlands secured a major contract for the conversion of the “M/V Agile” into a high-tech flexible Pipe Lay Support Vessel (PLSV). The Owner and operator of the vessel McDermott Inc is a well known company in the world-wide offshore industry. The conver
Sercel has been awarded a contract by Dolphin Geophysical for the purchase of Nautilus® and Sentinel® systems to equip its first high-capacity 3D seismic vessel, Polar Duke. The three-in-one Nautilus device offers acoustic positioning, depth control and automatic steering in a single unit. The Senti
Ministry of petroleum and energy has 11 March 2011 announced the APA 2011, comprising the predefined areas with blocks in the North Sea, the Norwegian Sea and the Barents Sea. Application deadline The application deadline for APA 2011 is 12:00 hrs on Wednesday 14. September 2011. Awards are planned
Reference is made to the notice of 12 December 2010 regarding Larry Wagner’s resignation as CEO of Reservoir Exploration Technology ASA (“RXT”) and the information that Stein Hedemark would act as CEO of the company until the board had been able to identify Larry Wagner’s successor. The board announ
SAL Schiffahrtskontor Altes Land puts ‘Lone’ into service .She perfectly resembles her sister, is just as strong and can be positioned to maximum precision. Just three months after the German-based heavy-lift shipping company has sent the MV ‘Svenja’ – the world’s largest heavy-lift vessel – on its
Stratos Global, the leading global provider of advanced mobile and fixed-site remote communications solutions, today announced it is deploying the Inmarsat FleetBroadband satellite communications service on six deep-sea tugboats in Fairplay Towage’s fleet. Deployment on four of the vessels already h
The Norwegian government decided on 11 March to gather more facts relevant to a possible future impact assessment for Lofoten and Vesterålen. At the same time the government has decided not to carry out an impact assessment for the duration of the current Storting. “The government’s decision is not
Rolls-Royce, the global power systems company, has opened its newly expanded and modernised Marine Service Centre in the Port of Rotterdam. The investment marks the latest stage in the development of a global Marine Service Centre network, which currently comprises dedicated repair activities in 34
SeaHold GeoShips announces the fixing of the STRIL EXPLORER in an 18 month time charter from Simon Mokster AS. The 76m DP2 Multi Purpose Offshore Vessel was delivered in 2010 and is optimised for subsea operations. It is fitted with a 60 Te AHC knuckleboom crane for a working depth of 1500m, helidec
