Fossil Energy
Redline’s high speed wireless for use on offshore platforms
Redline Communications, a provider of mission-critical wireless networks, today announced two new specialized additions to its RAS series of high speed mobile wireless terminals – RAS-Extend Land Vehicle (LV), and RAS-Extend Marine. RAS Extend Land Vehicle (LV) delivers high speed network connectivi
McDermott prices $500 million of senior notes
McDermott International, Inc. today announced the pricing of $500 million in aggregate principal amount of 8.00% second-lien senior secured notes due 2021 (the “Notes”). Settlement of the offering is expected to occur on April 16, 2014, subject to customary closing conditions. At closing, the Note
USCG, Mexican Navy discuss joint oil spill response plan
The U.S. Coast Guard and Mexican Navy held a seminar Tuesday in South Padre Island, to update the MEXUSGULF plan for a future coordinated response to a spill in the Gulf of Mexico that would impact both countries. MEXUSGULF is a joint contingency plan between the United States and Mexico. It provide
National Oilwell Varco to create 45 jobs in Scotland
Global oil & gas services firm National Oilwell Varco is to expand its significant industrial presence in Scotland with the creation of 45 new jobs at its Glenrothes facility, First Minister Alex Salmond announced Tuesday. The Houston-based company, which already employs more than 1,700 people at th
Wärtsilä opens electrical & automation test centre in Norway
Finland’s marine equipment specialist Wärtsilä inaugurated its new electrical & automation test centre in Stord, Norway on 9 April. The new facility is one of the largest test centres in Europe dedicated specifically to electrical and automation systems for marine and offshore applications. The fa
EnQuest sells $650M of senior notes
EnQuest PLC has completed its offering of $650 million aggregate principal amount of 7.0% senior unsecured notes due 2022 at par. Interest will be payable semi-annually. The Notes, the net proceeds of which will be used for general corporate purposes, will be senior obligations of the Company and
Petrofac opens Montrose fire and emergency training centre (UK)
Petrofac Training Services has reopened its Montrose fire and emergency response training facility in Scotland following a £1.5 million upgrade. Trainees will benefit from the most realistic and credible fire training at one of the world’s most advanced oil and gas training centres. The 16-acre site
Triyards profit rises 9 Pct
TRIYARDS, an offshore vessel fabrication and engineering solutions provider to the oil and gas (O&G) industry, has booked net profit of US$7.8 million for the second quarter ended 28 February 2014 (2QFY14), an increase of 9% year-on-year. Revenue for 2QFY14 came in at US$74.5 million, with the start
Contracts worth $1.1B awarded as part of Shah Deniz Stage 2
The Shah Deniz consortium, lead by BP, has awarded more contracts as part of its Shah Deniz 2 development program, offshore Azerbaijan. The contract for the fabrication of the jackets for the two planned offshore platforms, pin piles and subsea structures has been awarded to the consortium consistin
UK Ambassador visits Energean’s oil and gas facilities (Greece)
John Kittmer the Ambassador of the United Kingdom to Greece, John Kittmer, visited the Energan Oil & Gas onshore and offshore facilities in Kavala on Tuesday. After undergoing the required safety training, and accompanied by the company’s chief officers, Kittmer visited the “Sigma” onshore processin
Oil & Gas UK: CAA’s measures could postpone safety critical maintenance programmes?
Oil & Gas UK has released a response to the Civil Aviation Authority Review. Commenting, Oil & Gas UK’s health and safety director Robert Paterson said: “Oil & Gas UK is working with our members to assess the impact on safety of the CAA (Civil Aviation Authority) Review. “Like the CAA, our primary f
Ocean Installer sells 70 pct share in CSV Normand Vision
Ocean Installer sells its 70 per cent share in the CSV Normand Vision to its marine partner Solstad Offshore, giving Solstad 100 per cent ownership. The Normand Vision is still committed on a long-term charter with Ocean Installer and the sale does not affect the plans Ocean Installer has for the us
PTTEP recognized at Asian Excellence Awards 2014
PTTEP received four awards during the “4th Asian Excellence Awards 2014” event, organized by The Corporate Governance Asia Magazine. The four awards the Company received are as follows: Asia’s Best CEO (Investor Relations) Award, Asia’s Best CFO (Investor Relations) Award, Best Environmental Respons
KfW IPEX-Bank holds equipment-based vessel financing conference
At the start of April 2014, 70 representatives of the maritime industry responded to KfW IPEX-Bank’s invitation to attend the “Second conference for equipment-based vessel financing” held in Frankfurt, where they discussed ways of boosting Germany’s share of supplies for global new-builds by way of