Fossil Energy
Dalgidj to buy ROV using EBRD loan
The EBRD and Unibank are providing a $10 million loan to Dalgidj LLC, an Azerbaijani oil-service company, for the expansion of the company’s activities. The loan will be used for the acquisition of a new remotely operated vehicle (ROV) and the construction of a new warehouse. Dalgidj, a local privat
Sinopacific inks deal for quintet of offshore vessels
China’s Sinopacific Shipbuilding Group has received an order from Shenzhen Huawei Offshore Shipping Transport Co., Ltd. for the construction of five offshore vessels. All the vessels are designs from the SP brand, which is Sinopacific’s own brand; 3 of them are AHTS SPA85L design and 2 are PSV SPP35
Rosneft: ‘Akademik Tryoshnikov’ in Arctic fields expedition
The research and development expedition to investigate ice and metocean conditions in the Russian Arctic organized by The Arctic Research and Design Center (the Rosneft and ExxonMobil JV) with the support of Arctic and Antarctic Research Institute experts has started in the White Sea. Scientific res
Deep Sea Supply reveals July freight revenue
Deep Sea Supply, an Oslo Exchange-listed owner of offshore support vessels, today announced its fleet freight revenues for July 2014. In July Deep Sea Supply’s PSV fleet (all 21* PSVs) had an average gross income of approximately USD 19.900 per ship per day compared to USD 21.100 in June. The AHTS f
Senator Landrieu calls for expanded offshore exploration in U.S.
U.S. Senator Mary L. Landrieu, D-La., Chair of the Senate Committee on Energy and Natural Resources called for expanded energy exploration and production in the U.S. Outer Continental Shelf (OCS) in a joint letter with Senators Begich, D-Alaska, Warner, D-Va., and Manchin, D-W.Va., to Secretary of t
Petrobras’ platform back online after leak, fire.
A fire broke out Wednesday morning on a Petrobras-run oil production platform, off the coast of Brazil. According to the Brazilian oil workers union Sindipetro NF, the incident happened on the PNA-1 platform, in the Campos basin on July 30 around 11 a.m., during a welding work on the platform, locat
Vallianz orders four AHTS vessels from Sinopacific
Singapore’s Vallianz Holdings has ordered four anchor handlers from China’s Sinopacific Shipbuilding. The vessels will be built in Sinopacific’s Zhejiang Shipyard and all of them are expected to be delivered from the end of 2014 to the beginning of 2015. It is the first order Sinopacific has gained
OMV’s Whio-1 well at 1.049m (New Zealand)
Cue Energy Resources Ltd (Cue) has been advised by OMV New Zealand Ltd (OMV), the Operator of permit PEP 51313, that at 06:00 hours (local time) on Friday 1st August 2014, the Whio-1 well was drilling ahead at a depth of 1,049m MDRT in the 16″ hole section. Whio-1 is being drilled from the semi-subm
Rocksource recruits Scana Propulsion CEO
The Directors of Rocksource ASA have announced the appointment of Terje Arnesen as the Company’s new Chief Executive Officer. He will succeed Chris Spencer on 1 November 2014. Currently, Arnesen is engaged as CEO of Scana Propulsion AS on a temporary basis. Previously, he has held positions as CEO o
Ithaca completes acquisition of Sumitomo’s UK oil fields
Ithaca Energy Inc. has now completed the acquisition of the three UK producing oil field interests from Sumitomo Corporation. Ithaca has acquired Summit Petroleum Limited (“SPL”), a subsidiary company of Sumitomo, which holds the Cook (20.00%), Pierce (7.48%) and Wytch Farm (7.43%) field interests t
EMGS to carry out survey offshore Faroe Islands
Electromagnetic Geoservices ASA (EMGS) has received a contract worth $4.3 million for multi-client data offshore the Faroe Islands. The agreement includes both late sales of the existing multi-client dataset acquired by EMGS in 2012 (the Brugdan-Rosebank Line) and pre-funding of an extension of the
Fugro adds new functionality to North Sea rig helideck
When Aberdeen-based Diamond Offshore wanted to add new functionality to the existing helideck monitoring system on the Ocean Guardian drilling rig in the North Sea, Fugro developed and delivered a fully integrated, user-friendly solution to fulfil the requirements. Severe weather conditions in the N
Woodside, Shell share-buyback falls through
Australia’s oil and gas company Woodside has informed that the company’s plan to purchase 9.5 percent of Woodside’s share capital from Shell has fallen through. A meeting was held today in order for the Woodside’s shareholders to vote on a resolution to buy back approximately 78.3 million Woodside s
Sen. Murkowski applauds Shell, AIO agreement
Alaska’s Arctic Slope Regional Corporation (ASRC) and six North Slope village corporations have joined together to create a new company known as the Arctic Inupiat Offshore, LLC (AIO). AIO and Shell Gulf of Mexico Inc. (Shell) have entered into a binding agreement that will allow AIO the option to a