Fossil Energy
Nordic American Offshore starts IPO in New York
Nordic American Offshore Ltd. announced today the start of its initial public offering of 5,882,352 common shares. Since November 2013, NAO has been listed on the Norwegian OTC (over the counter) market. The offering price is expected to be between $16.00 and $18.00 per share. The Company expects
Ukraine to lose millions of barrels from offshore fields
Ukraine’s oil & gas production appears to have been largely unaffected by the ongoing crisis involving Russia’s annexation of Crimea and the uprising of pro-Russian separatists in the east of the country, Douglas Westwood says in its “DW Monday” report. Most of the Black Sea state’s producing gas
Two charters for Rem Offshore
Rem Offshore ASA has entered into a charter agreement with Micoperi Srl for the OSV vessel “Rem Pioneer”.
Viking to upgrade Topaz fleet liferafts
Marine and fire safety equipment specialist VIKING Life – Saving Equipment and Topaz Energy and Marine, an offshore support vessel company, today jointly announced the signing of a USD multi-million, 10-year combined fixed price and exchange service agreement for liferafts. Under the terms of the co
Halul expands fleet with ‘Shaddad’ Dive Support Vessel
Halul Offshore Services Co. (HOSC) and its parent company, Milaha, have taken delivery of their newest state-of-the-art Dive Support Vessel (DSV) “Shaddad”. At a ceremony held under the patronage of HE Dr. Mohammed bin Saleh Al Sada, Minister of Energy and Industry, “Shaddad” was unveiled on May 2
Wison presents two development concepts for Pandora field
Cott Oil and Gas Ltd has received the final LNG Concept Study for the Pandora Gas Field from Wison Offshore and Marine Ltd (“Wison”). Cott was awarded a 40% interest in the Pandora gas Discovery (PRL 38) in December 2014 which contains a gross 2C Contingent Resource of 792 BCF gas (132 mmboe). Other
NAO to use IPO cash to buy Platform Supply Vessels
Nordic American Offshore Ltd. (NAO) has filed a registration statement with the U. S. Securities and Exchange Commission (“SEC”), covering the proposed initial public offering of approximately 5,882,352 common shares. NAO expects to launch the initial public offering on Monday, June 2, 2014 before N
Ex-BP man joins Tullow as non-exec director
Tullow Oil plc has appointed Dr. Michael Daly as a non-executive Director with effect from 1 June 2014. Daly joins Tullow with extensive oil & gas experience following a successful 28 year career at BP. Most recently, he was Executive Vice President Exploration, and a member of BP’s Group Executive
Successive pre-salt records for Petrobras
Petrobras oil production in Brazil in April averaged 1 million 933 thousand barrels per day (bpd), up by 0.4% from March’s production of 1 million 926 thousand bpd.
Drydocks World Chairman awarded for Offshore Services management
His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World received the Award for Excellence in Shipyard Management for Offshore Services at the First International Marine Club (IMC) Golden Helm Excellence Awards (2014)-Middle East for making outstanding contributions to the sect
Three leases granted in Gulf of Mexico boundary area
U.S. Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank have announced the award of the first three oil and gas leases in the Gulf of Mexico boundary area subject to the U.S.-Mexico Transboundary Hydrocarbons Agreement. The Transbou
Statoil hires EMGS for Norwegian Sea survey
EMGS will acquire 3D electromagnetic data in Norwegian Sea for Norway’s oil giant Statoil.
Noreco abandons Verdande
Noreco is in the process of completing drilling of the Verdande well 6608/10-16 (PL484) in the Norwegian Sea. Although hydrocarbon shows were found in two sections, the well will now be plugged and abandoned without further testing. The main target of the well was in the Middle Jurassic. Sandstones
Deep Sea Supply buys 10 PSVs
Deep Sea Supply Plc has today entered into an agreement to acquire 10 PSVs. The total price paid for the 10 vessels including remaining CAPEX is USD 366 million, the total broker value for the vessels is USD 419 million. Deep Sea Supply will raise approximately USD 200 million through a Private Plac