Fossil Energy
ACE Offshore Offers New Insurance Solution to Oil & Gas Contractors
ACE Group today announced the launch of a new insurance solution for contractors and suppliers as it expands its offering to the offshore oil and gas sector. “ACE Offshore”, which has been enhanced in response to direct feedback from companies operating in the sector, provides comprehensive protecti
McDermott Nets $200 Mln Arabian Gulf EPCI Deal
McDermott International, Inc. has secured an Engineering, Procurement, Construction and Installation (EPCI) project for a client in the Arabian Gulf. The value is approximately US$ 200 million and will be included in McDermott’s fourth quarter 2013 backlog. The contract includes the fabrication, tra
OPITO Reveals Winners of Oil and Gas Workforce Safety Awards
The winners of OPITO’s annual global oil and gas workforce safety awards have been announced in the presence of Suhail Mohamed Al Mazrouei, the Minister of Energy for the United Arad Emirates. SBM and MSTS/Falck Safety Services Malaysia were yesterday (Tuesday 19th November) named Employer of the Ye
CAMAC Swoops for Allied’s Interest in Nigerian Offshore Blocks. Lists on JSE
CAMAC Energy Inc. today announced that it has entered into a definitive agreement to acquire the remaining economic interests that it does not currently own in the production sharing contract covering Oil Mining Leases 120 and 121 (the “OMLs”) offshore Nigeria, which include the currently producing
Tidewater Names New BoD Member
Tidewater Inc. announced the election of Robert L. Potter to its Board of Directors for a term beginning December 1, 2013 and expiring in July 2014. Robert L. Potter recently announced that he will retire from his position as President of FMC Technologies, Inc. on November 30, 2013, a position he ha
Cosco Orders Cranes for Axis Offshore Accommodation Rig
China’s COSCO Qidong Offshore co has ordered two offshore cranes from TTS Group, to be installed on board a semi submersible accommodation rig. The value of the order is estimated at approximately NOK 50 million (USD 8.2 million). The accommodation rig is ordered by Axis Offshore to target the stron
ConocoPhillips Extends Clough AMEC’s Bayu-Undan Contract
Clough Limited today announced that Clough AMEC has been awarded a two year contract extension by ConocoPhillips to provide operations and maintenance services to the Bayu-Undan facilities, located in the Timor Sea. The contract extension has an estimated value of AU$150 million. Bayu-Undan consis
Polar Onyx Launched at Ulstein Yard
GC Rieber’s Polar Onyx was recently launched at Ulstein Verft, and is now a ready for the final outfitting stage at the yard. GC Rieber has a charter agreement with Ceona Services (UK) Limited for its high capacity subsea newbuild for a fixed period of 5 years, with options for up to five years. The
Dolphin to Carry Out Two Seismic Surveys in Africa
Dolphin has been awarded an additional 3D seismic contract in South America commencing in Q2 2014 and one 2D Seismic contract in West Africa commencing in December 2013. Dolphin did not say who the clients for the contracts were. Furthermore, as communicated in recent earnings report, Dolphin contin
Veripos Awarded “Rising Star” Prize (Belgium)
Veripos Inc. was successful in winning the “Rising Star” award at the European Small and Mid-Cap Awards Ceremony in Brussels on the evening of 19 November 2013. The Awards, which are sponsored by the European Commission, are designed to promote the best practices and success stories of the most dyna
OneSubsea Provides Pumps for Total’s Project Offshore Congo
OneSubsea™ has been awarded a pump systems contract for the Total Moho Phase 1bis development in offshore Congo. The scope of supply includes a Multiphase Pump Station with 2 off 3.5 megawatt high-boost pumps, a power and control module, a power and control umbilical, and PhaseWatcher Subsea Multiph
Spike Exploration to Buy Remaining Bridge Energy Shares
Spike Exploration has launched compulsory offer for remaining Bridge Energy shares. Reference is made to the announcement dated 13 November 2013 in connection with settlement of the voluntary offer from Spike Exploration Holding AS to acquire all shares in Bridge Energy ASA not already owned by Spik
Petrobras Finds More Oil in Santos Basin
Petrobras has completed drilling another well in the Franco area of the Santos Basin included in the Right’s Transfer agreement. Known as the 3-BRSA-1184-RJS (3-RJS-723), the well is located at a water depth of 2,011 meters, some 200 km from the city of Rio de Janeiro and 7.5 km southeast of disco
BP Brings Two Rigs to Deepwater Gulf of Mexico
BP has added two drilling rigs to the deepwater Gulf of Mexico, bringing its fleet to a company record nine rigs as it continues to develop its strong portfolio of assets in the key U.S. offshore basin. One of the rigs is a new ultra-deepwater drillship known as the West Auriga that is under long-te