HitecVision, Europe’s largest equity investor focusing exclusively on the oil and gas industry, announced today that it has accepted commitments of USD 420 million for its new fund, HitecVision Asset Solutions, exceeding the original USD 320 million target. The fundraising had strong support from ex
Farstad Shipping has been awarded the following charter contracts: AHTS Lady Caroline (2003, UT 712, 13.200 BHP) has been awarded a 12 months contract for Woodside, Australia, commencing in May 2010 with 2 x 1 year options. Woodside has extended the contract for AHTS Far Strait (2006, UT 712L, 15.90
Norwegian Energy Company ASA (Noreco, OSE:NOR) has entered into a farm in agreement with Elko Energy to become a 47% owner and operator for the 02/05 license in Denmark. Elko will retain 33% of the license, while Nordsøfonden owns the remaining 20%. The 02/05 license is located on the Ringkøping Fyn
BP Norge AS (BP) has been granted expanded consent for use of the mobile facility Borgland Dolphin on the Skarv field. The original consent, given in November 2009, includes drilling of 11 production wells and an exploration well in the period from mid-December 2009 to late April 2011. On the basis
Valiant Petroleum plc (“Valiant”) announced that its planned side-track in the operated Tybalt exploration well 211/8c-4z (License P1632) has discovered light oil in the four-way dip ‘T1’ structure (the “West Tybalt” prospect). This further discovery follows the success in East Tybalt announced on 1
Lundin Petroleum AB (“Lundin Petroleum”) will drill a new exploration well 16/1-14 in PL338. The well will target the Apollo structure, which is situated immediately to the south of the Draupne field in PL001B, and some 5 kms northwest of and down-dip from the Luno field located in PL338. The main o
The Bergen based company AllMaritim AS, has in co-operation with one of its main partners, NOFI Tromsø AS, entered into an agreement with BP USA for delivery of the reputable NOFI Buster technology. The systems will be implemented in the ongoing Gulf of Mexico oil spill response. In addition both co
Orca Exploration Group Inc. (“Orca” or the “Company”) announces that it has signed an agreement with Petroceltic International plc (“Petroceltic”) to farm in on Petroceltic’s Central Adriatic B.R268.RG Permit offshore Italy. The farm-in commits Orca to fund 30% of the Elsa-2 appraisal well up to a m
Seadrill Limited (“Seadrill”) announces the acquisition of a further 9,071,948 shares in Scorpion Offshore Limited (“Scorpion”) on Friday, May 28, 2010 taking its total holding to 45,010,851 shares, representing 50.11 percent of the issued shares in Scorpion. The acquisition of the additional shares
The Netherlands has finally been asked to help clear up the oil spill in the Gulf of Mexico. Oil spill specialists Koseq have been… [mappress] Source: rnw, May 31, 2010;
Wärtsilä, the marine industry’s leading ship power systems integrator, has signed a contract to deliver a ship power system for a 38,000 tonnage semi-submersible heavy-lift vessel for Chinese customer Zhejiang Share-ever Business Co., Ltd. Wärtsilä’s solution was selected for its proven reliability,
Aker Solutions has been awarded two contracts with Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) in South Korea for the delivery of two drilling equipment packages. The total contract value for Aker Solutions is approximately USD 180 million. “These two contracts affirm our position as a le
Several Russian oil companies have applied for drilling licenses in the Barents-, Kara- and Pechora Seas. There are currently no operational offshore oil- and gas fields in the Russian Arctic Oceans, but the interest to start exploring the northern offshore fields appear to increase. Less ice due to
Deep Sea Supply yesterday took delivery of “Sea Marten”, a newbuilding AHTS from ABG Shipyard, India. “Sea Marten” is the 4th delivery in a series of 9 newbuilding AHTS vessels from ABG. As previously announced, the vessel will directly mobilize to Brazil and commence a 3 year time charter contract
