Fossil Energy
Bergen Group, Calexco pen revised NorYards agreement
Bergen Group ASA has today signed an agreement with Calexco S.a.r.l. regarding revisions of the terms for Bergen Group ASA’s sale of the majority interest in NorYards AS (“Noryards”) to Calexco. The main deviations from the SPA executed in July 2013, as further described in Bergen Group’s detailed a
France and Spain working on cutting-edge E&P technology
Spanish oil company Repsol and the French Institute of Petroleum, IFP Energies Nouvelles, have signed a framework collaboration agreement to develop cutting-edge exploration and production technology. These projects will help to make hydrocarbon discoveries, identify new reserves, as well as evaluat
NDM supplies Volstad’s newbuild with deck machinery
NDM has been selected as the supplier of deck machinery to a newbuilding at Tersan Shipyard in Turkey. The vessel is an OCV of ST-259 Arctic design for Volstad Shipping. Its main dimensions are 128 x 25m. Through its designation “Arctic”, it is obvious that the vessel is specially designed for opera
Hydrasun delighted with Great Large Company Award at OAA
Aberdeen-headquartered Hydrasun, a leading specialist provider of integrated fluid transfer, power and control solutions, was named Great Large Company at the Offshore Achievement Awards (OAA) ceremony held at the Aberdeen Exhibition and Conference Centre (AECC). Hydrasun was awarded the coveted “Gr
OAA 2014 honors offshore industry talents
Some of the offshore industry’s most innovative and successful companies and individuals were recognised at the 2014 Offshore Achievement Awards, with Decom North Sea chief executive Brian Nixon picking up the Significant Achievement Accolade. Hydrasun received the award for Great Large Company, whi
Six GoM blocks for Gulf Coast Energy Resources
Gulf Coast Energy Resources, LLC has announced it was the apparent high bidder on six leases in the Central Gulf of Mexico Lease Sale 231 (through its subsidiary GCER Offshore, LLC “GCER”). The six leases are located on the Outer Continental Shelf of the Gulf of Mexico in water depths ranging from 9
DNS’s CEO receives Significant Achievement Award
Decom North Sea (DNS’s) chief executive Brian Nixon received one of the oil & gas industry’s most prestigious accolades when he was presented with a Significant Achievement Award at the Offshore Achievement Awards (20 March 2014).
Dolphin secures two 3D seismic contracts
Dolphin has been awarded two additional 3D seismic contracts with undisclosed clients. The South America contract has a duration of approximately 3 months and the North West Europe contract has a duration of approximately 1,5 months. The surveys will be acquired during the third and fourth quarter o
Rolls-Royce to design and equip two Cosco-built PSVs
Rolls-Royce has won an order to provide an integrated design and equipment package for two offshore supply vessels to be built at COSCO (Guangdong) Shipyard Co., Ltd in China for Singapore based Chellsea Group. The order represents the exercise of an option for a further two vessels contained in an
Rowan receives rig contract in Malaysia
Rowan Companies, a U.S. based drilling contractor, has been awarded a contract for its J.P. Bussell jack-up drilling rig. In its March fleet update, Rowan said that the contract, with Petrofac in Malaysia, started earlier this month. The contract duration is 209 days, on a $143.000 day rate. Elsewhe
Brazilian gig for Subsea 7
Subsea 7 S.A. today announced the award of a lump sum contract valued at approximately $110 million by Shell for the installation of jumpers, umbilicals and associated subsea structures for the BC-10 Phase 3 Project in the Campos Basin offshore Brazil.
Oil & Gas UK: Budget bareboat measure will drive drilling rigs out of UK
Industry trade body Oil & Gas UK perplexed by the move to change the basis for taxation of drilling rigs and accommodation vessels supplied using bareboat chartering
Reach Subsea receives contract for ‘Dina Star’
Reach Subsea has signed a contract with an international company for the vessel Dina Star. The contract starts in June and has a duration of 4-6 months. The offshore operations will take place primarily in the High North areas. Dina Star has ice class 1B and De-Ice and will under this contract serve
Energy XXI high bidder in Gulf of Mexico Lease Sale
Energy XXI has announced it was the apparent high bidder in 10 shallow-water blocks in the Central Gulf of Mexico Lease Sale 231, with a total investment of approximately $2.6 million. The bids are subject to approval by the U.S. Bureau of Ocean Energy Management. Eight blocks were bid solely by Ene