Fossil Energy
Perdana Petroleum Ends Carter Agreements. Buys Three Vessels.
Perdana Petroleum Berhad (PPB) announces that Perdana Mercury Ltd (“PML”), a wholly-owned subsidiary of Perdana Petroleum, has on 21 November 2013, agreed to terminate the bareboat charter arrangement with Mount Bintang LLC and Mount Bubu LLC on three vessels, i.e. “Perdana Liberty”, “Perdana Fronti
CIMC Holds Naming Ceremony for Two Semis
China’s CIMC Raffles has Monday morning, November 25, in its Yantai yard, held a naming ceremony for two semi-submersible drilling rigs. The rigs, designed and built by CIMC Raffles, were named OOS Gretha and OOS Prometheus. According to CIMC, the drilling units will leave for Brazil at the same tim
PBJV Wins Kebabangan Contract from KPOC (Malaysia)
Barakah Offshore’s subsidiary has secured a contract offshore Sabah, Malaysia. PBJV Group Sdn Bhd, a subsidiary of Barakah Offshore Petroleum Berhad, has received a letter of award from Kebabangan Petroleum Operating Company Sdn Bhd (“KPOC”) for the provision of dewatering, drying and dry preservati
Topaz Wins Workboats Award at Middle East Event
Topaz Energy and Marine, a leading offshore support vessel owner with primary operations in the Middle East and Caspian, announces that it has won the ‘Workboats’ award at the recent Seatrade Middle East and Indian Subcontinent Awards held at Atlantis, The Palm in Dubai. Accepting the award on behal
Statoil, NASA Work Together on O&G Research
Statoil and the National Aeronautical and Space Administration (NASA) have formed a partnership to explore how technologies and knowledge from the space and oil and gas industries can be relevant to one another. Statoil and NASA have formed an agreement to explore a wide range of technologies to ass
BOEM Appoints Chief Environmental Officer
U.S. Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau has announced the selection of Dr. William Yancey Brown, the former chief executive officer of the Woods Hole Research Center, to serve as the bureau’s Chief Environmental Officer. “We are very excited to welcome Dr. Brown to
Wintershall to Link Maria Field to Statoil’s Platform
Wintershall and the two license partners Petoro AS and Centrica Resources (Norge) AS have a preferred solution for the development of the Maria field in the Norwegian Sea. According to the solution, the reservoir would be linked to the already existing infrastructure nearby via an underwater install
Ulstein to Build Its Largest Offshore Construction Vessel Ever
Edison Chouest Offshore and Island Offshore are ordering two new OCV vessels through the company Island Ventures II LLC. One vessel will be built at Ulstein Verft, Norway, one in USA. Ulstein Verft has been contracted to build a new offshore construction vessel of the ULSTEIN SX165 design. This will
AWE, Santos Complete AAL Oil Field Transaction (Indonesia)
AWE Limited has announced that the sale of a 50% participating interest in the Northwest Natuna PSC, including the 101 million barrel (K-Sand) Ande Ande Lumut oil project, to a subsidiary of Santos Limited has been successfully completed. The Indonesian Ministry of Energy and Mineral Resources and
Top News of The Week October 18 – 23, 2013
Top News of The Week October 18 – 23, 2013
CHC Expands Fleet with Nine Sikorsky Helicopters
Sikorsky Aircraft Corp. has announced that CHC Helicopter has signed a multi-year contract to purchase nine S-92(R) helicopters, with options to acquire up to 15 more, for use in transporting offshore oil workers and for possible search and rescue operations. CHC, based in Vancouver, British Columbi
Fugro Voyager Enters Service in Asia Pacific
Fugro Voyager, a purpose built DP2 geotechnical drilling vessel, is entering service with Fugro’s Offshore Geotechnical Division to expand its operations in the frontier areas of the Asia Pacific region. The new 83-metre vessel is specifically designed and built to address the varied demands of the
Aker Solutions Divests Well Intervention Services Business
Norway’s Aker Solutions agreed today to sell its well-intervention services business area to EQT, a Swedish private equity fund, for an enterprise value of NOK 4 billion (USD 658 Million). The agreement includes an earn-out provision where Aker Solutions will receive 25 percent of any internal rate
Statoil Gets Nod to Use Songa Delta for Drilling at Svalin C
The Petroleum Safety Authority Norway (PSA) has given approval to Statoil for the use of Songa Delta rig for drilling and completion works at Svalin C field. The consent applies to drilling and completion at Svalin C of wells 25/11-H-4 H / AH / BH and 25/11-H-3 H / AH. The planned start-up is Decemb