Fossil Energy
Seadrill Partners Raising Cash for Rig Acquisitions
Seadrill Partners LLC announced today that it priced its offering of 11,200,000 common units representing liability company interests in a public offering at a price of $29.50 per common unit. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,680,000 common u
Sterling Gets Madagascar Government’s Blessing for Ambilobe Farmout
On 1 November 2013, Sterling Energy Plc, an oil & gas exploration and production company, announced that it had executed a Farmout Agreement for the Production Sharing Contract of the Ambilobe Block (the “PSC”), located offshore Madagascar, with Pura Vida Mauritius . The consent of the Government
VIDEO: Eastern Shipbuilding Delivers PSV to Brazilian Client
Eastern Shipbuilding Group, Inc. handed over the M/V BRAVANTE V PSV on Friday November 29, 2013, to Boldini S.A., BRAVANTE GROUP of Brazil. The BRAVANTE V is the first STX SV290 design of five platform supply vessels in a series which are all ABS, SOLAS, DPS-2, AC Diesel-Electric powered, twin Z-d
Drydocks to Build Jack-Up Unit for Offshore Innovation Management Ltd.
Drydocks World today signed a Letter of Intent (LOI) with Offshore Innovation Management Ltd., to build a series of AJ 62-X135 series of multi-purpose (accommodation & construction) Jack-Up rigs. The projects will start in 2014 and the first rig is expected to be delivered in 2016. “This is an exten
Polarcus Prepares for 28th UK Licensing Round with New Seismic Survey
Polarcus Limited announces the imminent commencement of a new multi-client program in the UK North Sea comprising two high density 3D broadband surveys. The program, supported by industry funding, will be acquired by Polarcus Naila vessel utilizing the Company’s RIGHTBAND(TM) geophysical approach
Pulse Names Manager for Newly Opened Bergen Office
Pulse Structural Monitoring, an Acteon company, has appointed Eivind Vethe as business development manager in Norway. His appointment coincides with the opening of a new Bergen office to extend Pulse’s presence in the Norwegian market and enable the company to offer enhanced local support. Based in
Ofon Phase 2 Process Platform Sailing Toward Nigeria
The Ofon Phase 2 process platform (OFP2) is on its way to the Ofon field located in the Oil Mining Lease (OML) 102, 50km off the coast of Nigeria in 40m water depth. The field is owned by Total E&P Nigeria Limited (TEPNG) 40% in partnership with the Nigerian National Petroleum Corporation (NNPC) 6
EMGS, OMV Signs Barents Sea 3D EM Deal
Electromagnetic Geoservices ASA (EMGS) has signed a data licensing agreement with OMV Norge AS worth around USD 4 million for the provision of 3D EM data from EMGS’s multi-client data library in the Hoop area in the Barents Sea. In addition, the agreement contains an uplift model whereby EMGS will
AMEC Bags Umm Lulu Contract (UAE)
AMEC, the international engineering and project management company, has been awarded a Project Management Consultancy services contract by Abu Dhabi Marine Operating Company (ADMA OPCO) for their Umm Lulu Phase-2 full field development projects offshore United Arab Emirates (UAE). The contract is wo
Parkmead Awarded Five Blocks in Southern North Sea
Parkmead been provisionally awarded five additional UK blocks, through two new licences, in the second tranche of awards under the UKCS 27th Licensing Round, the results of which have been announced by the Energy Minister. This newly awarded territory is all operated by Parkmead and is situated in t
Zagreb-1 Rig En Route to Libya
Zagreb-1 semi-submersible drilling rig left Croatia last Thursday and is now sailing towards Libyan water to start its drilling contract with Total. Upon arrival, later this week, the rig will be moored at the offshore concession A1-16/3, northwest of Tripoli. The contract includes drilling of two e
Fulucai to Buy Stake in Langsa Field Offshore North Sumatra
Fulucai Productions Ltd. has entered into a Memorandum of Understanding (the “MOU”) with Blue Sky Langsa Ltd. (“BSL”) whereby the Company has the right to acquire certain oil and gas interests in North Sumatra, Indonesia, including offshore leases and equipment. The asset is known as Langsa TAC an
Piriou Receives Order for Two FPSVs
French shipbuilder Piriou has received an order from Suisse Outremer to deliver two Fast Passenger & Supply vessels (FPSV). The 53m long vessels, to be named the “Kathrin T” and the “Karol W”, are expected to be delivered in May and September 2014. Upon delivery, the vessels used for transporting of
Claxton Celebrates Decade Since First Rigless Well Abandonment
Claxton Engineering Services Ltd, a member of the Acteon Group’s risers, conductors and flowlines business, has celebrated the 10th anniversary of its success with the world’s first rigless platform well abandonment and continues to set new standards in engineering innovation. In the 10 years since