Fossil Energy
Fieldwood Energy hires Rowan jack-up for GOM well
Rowan Companies, a U.S.-based offshore drilling contractor has received a contract for its Gorilla IV jack-up rig. The one-well contract with Fieldwood Energy in the Gulf of Mexico started in mid-June 2014 at $125,000 per day, below the previous day rate of $180,000. The rig was idle for 19 days dur
Polarcus completes bond issue
Reference is made to the stock exchange notice published by Polarcus Limited on 24 June 2014 regarding the contemplated new senior unsecured bond issue. Polarcus has successfully completed a new NOK 350 million senior unsecured bond. The coupon is 3 month NIBOR + 7.25% and the Company will swap the
Ulstein Power & Control lands job on Pacific Radiance PSVs
Ulstein’s Power & Control area has been awarded the pre-commissioning contracts for all four PX121 designed PSVs under construction at SWS Offshore for Pacific Radiance.
SeaKing to boost overseas growth via Zamakona Shipyard partnership
Merseyside marine firm SeaKing Electrical is spearheading an international export drive after signing a strategic partnership with a leading Spanish shipyard. The Birkenhead business, which has an £11million turnover, is globally renowned for its marine electrical engineering services. SeaKing Elect
ROC receives takeover offer from undisclosed party
Australia’s independent oil company ROC has received a takeover offer from an undisclosed party.
Havyard completes Oslo IPO
Havyard Group ASA has completed its initial public offering in connection with listing on Oslo Stock Exchange.
Petrofac extends Bibby Stockholm coastel charter
Petrofac have exercised their option to extend the charter of Bibby Stockholm accommodation vessel until the end of September 2014.
Dragon updates Cheleken production forecast
Dragon Oil plc , an international oil and gas exploration, development and production company, publishes an update on the guidance for the 2014 gross annual production growth in the Cheleken Contract Area, Turkmenistan. In the second quarter of 2014, Dragon Oil completed two sidetracks and is curren
The Subsea Company launches new BOP Drifts
The Subsea Company has been busy innovating tomorrow’s standards with a recent launch of 16 standard drifts, designed in accordance with API 16A, Third Edition. Many companies are using these drifts to satisfy API 53 requirements as a worst-case safe guard in order to meet compliance and improve o
Hibiscus: Sharjah offshore drilling scheduled for 3Q 2015
Hibiscus Petroleum Berhad has informed that Zubara Petroleum Ltd (Zubara), a wholly‐owned subsidiary of Lime Petroleum Plc (Lime), has received the necessary extension to its Concession Agreement from the Government of Sharjah,UAE, to start engineering and procurement activities leading to the drill
Xodus helps BG with produced water treatment offshore Trinidad
International energy consultancy Xodus Group, will deliver a £2 million FEED study for BG’s Dolphin field, offshore Trinidad. The contract, which launched in February and will be completed later this summer, involves a produced water systems upgrade. Xodus has experience of delivering projects in Tr
INTECSEA expands to New Zealand
Following the recent brand transition of Transfield Worley (TW) Ltd, a wholly-owned subsidiary of the WorleyParsons Group to become WorleyParsons New Zealand Ltd, INTECSEA has taken the opportunity to expand its presence into New Zealand. This expansion is a key step in delivering the global strateg
Harkand leases Montrose base
Harkand, a company specialising in subsea inspection, repair and maintenance, and light construction, has secured a long term lease for a storage facility in Montrose, giving the company its first permanent work base in the town to support ongoing operations.
OEG Offshore expands reach in Caspian region
OEG Offshore has announced the acquisition of OSCA Environmental Services Limited, significantly expanding its international reach in the Caspian region.