Fossil Energy
Aqualis Offshore gets green light for Oslo listing
The Board of Directors of Oslo Børs resolved to admit the shares in Aqualis Offshore Holding ASA to listing on Oslo Børs. The Board stipulated that the company prior to the first day of listing must satisfy the requirement for the number of shareholders as set out in Section 2.4.2 of the Oslo Børs L
Polarcus cuts guidance on ‘elusive’ multi-client sales
Polarcus, a UAE-based owner of high-end seismic data acquisition vessels, reported its revenues for the second quarter of 2014 were $137.6 million, an increase compared to $130.5 million in the same period last year, due to an increase in contract revenue. Contract revenue increased by 10% to USD 13
Ex-Halliburton man to lead Enermech’s Middle East & Caspian business
The Aberdeen-based provider of mechanical engineering services invests in high calibre people to spur future growth
VIDEO: Shell explains how 3D WAZ seismic technology works
Shell’s Shelburne Basin Venture Exploration Project marks the first time 3D Wide Azimuth (WAZ) Seismic technology was used in Canada.
Icon Offshore acquires AWB from Nam Cheong
Icon Offshore acquired the SK Line 600 vessel from Nam Cheong for $30 million (RM 95.7 million)
BW Offshore warns of fraud attempt
BW Offshore, an Oslo-based supplier of floating production supply and offloading units (FPSO), has warned of a fraudulent use of the company’s name by unknown persons. Several suppliers have notified BW Offshore that unidentified persons have attempted to order equipment using the name of BW Offshor
SBM Offshore seeks arbitration over vessel deal with Daya
SBM offshore looking to resolve a dispute over the proposed sale of the Diving Support and Construction Vessel ‘SBM Installer’.
Director resigns from Saipem’s Board
Saipem, Italy’s offshore oilfield services provider, announces that Fabrizio Barbieri has resigned from his position as a director of Saipem’s Board. Fabrizio Barbieri, a non-executive and non-independent Board member, was not part of any internal committee, and was drawn from the list of candidates
Solan oil tank offloaded (VIDEO)
Lerwick Harbour has again demonstrated its deep-water capacity and capabilities, this time by simultaneously accommodating two giant support vessels and the successful offloading of a 10,000 tonne subsea oil storage tank, destined for west of the Shetland Islands. The sheltered port’s facilities and
Shell gets nod to use ‘Transocean Barents’ at Ormen Lange
A/S Norske Shell has received consent from the Petroleum Safety Authority Norway (PSA) to use Transocean Barents to drill appraisal well 6305/8-2 at Ormen Lange field. Ormen Lange is a gas field located in the Møre Basin in the southern section of the Norwegian Sea. The sea here varies from 800 metr
J2 Subsea opens ROV tools facility in Louisiana
J2 Subsea, an Acteon company, has opened a new facility in New Iberia, Louisiana, to make its extensive range of remotely operated vehicle (ROV) tools more readily available for subsea operations in the Gulf of Mexico. This facility, which includes a new hydraulic workshop for tool preparation, serv
‘West Linus’ cleared for Ekofisk work
ConocoPhillips Skandinavia AS (COPSAS) has received consent to use the West Linus jack-up drilling facility for drilling and completion of wells at Ekofisk 2/4-ZZ. The Ekofisk field was discovered in 1969 and is the oldest of the oil and gas fields in production on the Norwegian Continental Shelf. T
Teekay, Odebrecht JV in front seat for Libra FPSO award
Teekay Offshore has announced that its 50/50 joint venture with Odebrecht was recently nominated by Brazil’s Petrobras as the lead commercial bidder on the Libra FPSO project in Brazil, and has been invited by Petrobras to conclude contract negotiations. The FPSO unit is expected to be owned and ope
Nam Cheong profit skyrockets in Q2
Nam Cheong Limited, Malaysia’s largest Offshore Support Vessel (“OSV”) builder, today reported revenue rising 38% to RM378.8 million in the three months ended June 30, 2014 (“2Q 2014”) from RM275.3 million in the corresponding period last year (“2Q 2013”). This strong performance boosted net profit