Fossil Energy
Sunken Perro Negro 6 rig to be salvaged by March 2015
Saipem’s Perro Negro 6 jack-up rig which sank in the Atlantic Ocean, offshore Angola, in July last year, is expected to be removed from the seabed by March, 2015. The incident occurred during the rig positioning on location between the coasts of Angola and the Democratic Republic of Congo, in approx
Tangiers needs cash to pay for drilling offshore Morocco
Tangiers Petroleum Limited has informed that a DWOP (Drilling Well on Paper) meeting was held in Morocco on 22 April 2014, which was attended by Galp, ONHYM and Tangiers. At the meeting, the Operator, Galp, confirmed the indicative budget for the drilling of TAO-1 exploration well, offshore Morocco,
U.S. sanctions target Rosneft CEO Igor Sechin. Shares fall 1.9 Pct
Igor Ivanovich Sechin, head of Russia’s largest oil company Rosneft, has found himself on the U.S. Department of the Treasury’s latest list of sanctions imposed on Russia for involvement in the Ukraine crisis. According to a press release on The U.S. Department of the Treasury website, the U.S. desi
MAC: Platform Supply Vessel launched in China (VIDEO)
MAC has announced the successful launch of the first in a series of 60m DPS-2 PSV, at the company’s partner shipyard, Fujian Mawei, in China. The MAC – MAWEI designed 60m PSV follows on from a series of nine 58m PSVs built by MAC over the last 8 years, six of which were sold to […]
NOV reports 1Q 2014 income of $589M
National Oilwell Varco, Inc. today reported that for its first quarter ended March 31, 2014, it earned net income of $589 million, or $1.37 per fully diluted share, compared to fourth quarter ended December 31, 2013 net income of $658 million, or $1.53 per fully diluted share. Excluding pre-tax tran
Prospector Offshore Drilling raising cash to pay for jack-up rig
Prospector Offshore Drilling S.A. announces that its newly formed subsidiary, Prospector Finance II S.à r.l. has secured a fully committed Senior Secured Credit Facility (the “Senior Credit Facility”), subject to documentation, in the amount of USD 270 million. Prospector Finance II S.à r.l. is also
Tap Oil secures Manora field loan
Tap Oil Limited has executed a borrowing base debt facility with BNP Paribas (BNP) for up to US$90 million.
Nexen: Blackbird’s second production well spudded
Atlantic Petroleum has announced that the Blackbird Field second production well has spudded using the Noble Ton V Langeveld drilling rig. The Blackbird field was discovered in 2008 and has been in production since 2011. The field currently consists of one subsea producer and one water injector tied
Rowan appoints new Chief Executive Officer
As previously announced, Rowan Companies plc confirmed today that on April 25, 2014, Dr. Thomas P. Burke was elected as the Chief Executive Officer of the Company. In addition, H.E. Lentz retired as the Chairman of the Board of Directors, W. Matt Ralls was appointed as the Executive Chairman of the
Statoil hires VIKING for safety equipment maintenance
Although its safety management offering, called the VIKING Offshore Safety Agreement, was released only last year, marine and fire safety equipment leader VIKING Life-Saving Equipment has already had a number of significant wins. Among these is a newly inked, multi-year servicing contract signed wit
NES receives propulsion deal for Esvagt’s newbuildings
Norwegian Electric Systems recently got the contracts for two diesel electric propulsion systems for Esvagt’s newbuildings, hull no. 1085 and 1086. The vessels are going to be built in Singapore, and these are NES’ 5th and 6th deliveries to Esvagt in 2 years. The scope of supply for each vessel incl
ITT to showcase its products at OTC 2014
ITT Corporation has announced that the company will showcase its extensive array of essential products and services for customers in the global oil and gas industry May 5-8 at the annual Offshore Technology Conference in Houston, which draws approximately 90,000 attendees from more than 120 countrie
‘Normand Cutter’ arrives at Damen Shiprepair yard
Solstad’s Multi Purpose Offshore Vessel “Normand Cutter” has arrived at Damen Shiprepair yard in Rotterdam. Damen Shipyards Group has announced through social media that the vessel arrived at the yard for the following repair items: overhaul of all four main engines, overhaul of the 300-ton SWL Nati
AGR to provide well services for Det norske’s NCS projects
AGR has been awarded a frame agreement with Det norske to provide well services and consultancy resources to the operator’s projects on the Norwegian Continental Shelf. The frame agreement starts 1 May 2014 with duration of three years. The possible additional two plus two years’ extension will see