Fossil Energy
Shipping Magnate Blystad Leaves Songa Offshore Board
Songa Offshore SE announces that Arne Blystad yesterday resigned from his position as Director with immediate effect. Blystad is an independent investor, who owns and operates shipping and investment activities through a group of companies. Blystad is a Norwegian citizen and resides in Oslo, Norway.
Chevron Puts Off Rosebank Project. Cameron Continues Work on Equipment
Cameron, a provider of subsea solutions for the offshore oil and gas industry, was advised of Chevron’s decision to defer its Rosebank project while it works with partners to improve the project economics. Cameron had announced receipt of an award from Chevron for OneSubsea early in the third quarte
Ampelmann Buys Dutch Offshore Solutions
Ampelmann, the Dutch-based leading supplier of Motion Compensated Gangway (MCG) systems to the offshore energy sector has expanded its global footprint through the acquisition of Dutch Offshore Solutions. Financial details for the transaction were not disclosed. Ampelmann provides systems to safely
Seadrill 3Q Net Income Rises to $315M
Seadrill today reported its consolidated revenues for the third quarter of 2013 were US$1,280 million compared to $1,268 million in the second quarter of 2013. The increase is primarily due to the inclusion of Sevan Drilling and jack-up rigs AOD II and West Tucana, and tender rigs T-15 and T-16 ente
Nido Sheds Non-Core Assets Offshore Philippines
Nido Petroleum Limited has sold its non-core assets in the Philippines to Colossal Petroleum Corporation. Miro Advisors assisted the company with the sale process. Nido has signed sales agreements in relation to its participating interests in Block A, Block B, Block B Retention and Block D Retention
Hydrocarbons Presence Detected at Mubadala’s Malida-1 Well
Mubadala Petroleum has discovered traces of hydrocarbons at its Malida-1 exploration well offshore Thailand. The news was reported earlier today by Tap Oil, an Australia-based oil and gas company which owns a share in the G1/48 licence in the Northern Gulf of Thailand where the well is located. Tap
29th Greenpeace Activist Released from Prison in St. Petersburg
Phil Ball from Oxford in England today became the 29th Greenpeace detainee to be granted bail and released from detention in St Petersburg. Only Australian Colin Russell remains behind bars in Russia for his part in a protest at a Gazprom-operated Arctic oil platform in September. Phil Ball’s brothe
No Future without Fossil Fuels, Statoil CEO Says
“We have to live with fossil fuels as the dominant part of the energy mix for decades,” says Statoil’s President and CEO Helge Lund at the 2013 Autumn Conference. “The big question is therefore how to make production cleaner than today, and make consumption more efficient. This is not simply a task
‘Rem Etive’ Stays with Fugro for Three More Years
Norwegian owner of offshore support vessels Rem Offshore has secured contracts for Rem Etive and Rem Supplier. Rem Offshore ASA have extended the current charter for Rem Etive with Charterer Fugro TSM for another 3 years firm taking the firm charter period into late May 2017 with a further 2 yearly
IKM to Provide ROV Services to McDermott in Malaysia
IKM Subsea (Malaysia) Sdn. Bhd. was recently awarded a Remotely Operated Vehicle (ROV) contract by Berlian McDermott Sdn. Bhd., the Malaysian affiliate of McDermott International, Inc. The project involves installation of suction anchors offshore Malaysia. IKM Subsea will provide the Merlin WR200 Wo
BP, Topaz Agree $100M PSV Charter Deals
Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, today announces the win of two contracts with BP in Azerbaijan’s largest oil and gas fields worth approximately US$ 100 million. Topaz has acquired two European built Platform S
Songa Offshore Raising Cash for Cat D Rigs
Songa Offshore SE has today proposed a comprehensive refinancing by way of raising up to USD 425 million in new capital. The amount would be raised by way of a combination of a fully guaranteed equity issue through a private placement with gross proceeds in the amount of approximately USD 250 mill
Petrobras’ P-55 FPU Built with ShipConstructor Software
SSI’s ShipConstructor AutoCAD based CAD/CAM software was used to build the hull of Petrobras’ P-55 Semi-Submersible Floating Production Unit (FPU). This offshore oil rig is the largest and first of its kind to be entirely constructed in Brazil and is an impressive engineering feat that was made poss
Keppel, NUS Set Up Lab to Tackle Future Offshore Challenges
Keppel Corporation (Keppel) and the National University of Singapore (NUS) today announced the setting up of the Keppel-NUS Corporate Laboratory, in collaboration with the National Research Foundation (NRF), Prime Minister’s Office, Singapore. The laboratory, which will be based at the NUS Faculty