Fossil Energy
KrisEnergy, Eni resolve Vietnam dispute with Neon
Italy’s Eni and Singapore’s KrisEnergy have reached an agreement with Neon Energy to resolve a dispute regarding the settlement of the financial liabilities of Neon, subsequent to the Vietnamese drilling program conducted in late 2013 in Block 105-110/04 and Block 120. In consideration for a full re
Offshore survival training specialist gets new CEO
Survivex, a provider offshore survival training and safety skills courses to the global energy industry, announces Andrew Green as its new Chief Executive Officer , replacing former CEO George Green, who is appointed as non-executive director. Established in 2011, Survivex has since trained over 130
Petrojarl Knarr FPSO en route to Norway (VIDEO)
The Petrojarl Knarr FPSO sailed away from the shipyard and is now sailing to Norway where it will begin its charter with a major oil company.
DNV GL to class Eversendai jack-up units
DNV GL has signed agreements for the classification of two newbuilding jack ups with dynamic positioning – Vahana Aryan and Vahana Arjun. The units have been designed for Vahana Offshore (S) Private Limited of Singapore by GustoMSC and will be constructed by Eversendai Offshore RMC FZE, Dubai at t
Norway backs EU sanctions against Russia
Norwegian government will, once it has consulted with the the Norwegian Parliament, impose economic sanction against Russia, following the guidelines introduced by the EU on July 31.
‘Sea Surfer’ PSV delivered
‘Sea Surfer’, the 10th of twelve platform supply vessels designed by Ulstein for Seatankers/Deep Sea Supply, was delivered from Zhejiang, China, on 18 July 2014. All twelve vessels carry the PX105 design. The vessels are 88.9 metres long and 19 metres in the beam and equipped with a diesel-electric
Lamprell makes major step to financial recovery, CEO says
Lamprell, a UAE-based builder of facilities used by the offshore oil & gas and renewable energy industries, has signed a definitive agreement for a new secured, fully-underwritten banking facility with three lending banks. Lamprell has said that drawdown is expected to take place shortly. The agreem
Subsea 7 extends ‘Normand Subsea’ charter
Subsea 7 has declared their option to extend the contract for the construction vessel “Normand Subsea”, owned by Norway’s Solstad Offshore.
Petrobras gets $500M loan guarantee for FPSO projects
Petrobras has signed an agreement with Japanese export credit agency Nippon Export and Investment Insurance (NEXI) and Mizuho Bank to issue a loan guarantee for the sum of US$500 million assigned for projects to build and convert 12 floating production, storage and offloading (FPSO) platform hulls.
Subsea 7 orders Tata Steel pipes for North Sea projects
Tata Steel has signed a series of contracts with Subsea 7 – one of the world’s leading contractors in engineering, construction and subsea services to the offshore industry – to supply subsea pipes to four separate North Sea projects. The four contracts, signed over the past year and worth an estima
Aker Solutions strengthens foothold in Aberdeen with new office complex
Aker Solutions agreed to lease a new office complex in Aberdeen for 20 years as part of an expansion in the UK. The facility is under development and will consist of three interconnected buildings in the Aberdeen International Business Park on Dyce Drive, the main route between Aberdeen’s city cen
Origin, Karoon wrap up Browse basin transaction
Origin Energy Limited has completed the acquisition of Karoon Gas’ 40% stake in two offshore exploration permits (WA- 315-P and WA-398-P) in Western Australia’s Browse Basin. Under the terms of the transaction, Origin has paid Karoon a US$600 million cash consideration with additional payments of US
Gulf Island Fabrication bags construction job from Arena Offshore
Gulf Island Fabrication, Inc. has received an award letter from Arena Offshore, LP for the fabrication of two Jacket/Piles and Topsides for Arena’s projects located in the Gulf of Mexico. Delivery for these units is set for late second quarter 2015. Revenue backlog and man-hours associated with this
Lundin acquires interest in North Sea block (Norway)
Lundin Petroleum has entered into agreements to acquire a 35 percent interest in PL674, offshore Norway. Lundin Norway, a subsidiary of Lundin Petroleum, will acquire a 15 percent interest in PL674 from Petrolia Norway AS and a 20 percent interest of a carve out area of PL674 from E.ON. The effe