Fossil Energy
Forum Energy Names New Senior Vice President Subsea Technologies (USA)
Forum Energy Technologies, Inc. announces that William (Bill) Boyle has been appointed Senior Vice President – Subsea Technologies. In this role, he will be responsible for Forum’s global subsea business which includes the widest range of remotely operated vehicles (ROVs) in the industry, as well as
Oil Surfaces at Otto Energy’s Galoc-6H (Philippines)
Otto Energy Limited, as operator of the producing Galoc oilfield joint venture offshore the Philippines, provides the following update on the Galoc-5H and Galoc-6H drilling campaign in SC14C. During the period from 0600 hours (AWST) on 16th October 2013 to 0600 hours (AWST) on 21st October 2013, the
IHC to Deliver AHC System for New Pipelaying Vessel
IHC Merwede has announced that it has signed a new contract for the EPC (engineering, procurement and construction) delivery of an Active Heave Compensation (AHC) system. This advanced equipment will be designed, built and supplied as a reliable solution for the deepwater subsea installation of heav
NOV’s New Drilling Technology Facility Creates Numerous Vacancies
Louisiana’s governor Bobby Jindal and National Oilwell Varco (NOV) executive Toby Webre announced NOV will develop a $23 million drilling technology facility in New Iberia. The new facility will create 80 new direct jobs with an average salary of $60,000 per year, plus benefits. LED estimates the te
Topaz Marine to Raise $350 Mln via Senior Notes
Topaz Marine S.A., a wholly owned indirect subsidiary of Topaz Energy and Marine Limited and an indirect subsidiary of Renaissance Services SAOG, announces the offer of up to US$350 million in Senior Notes due 2018. The Notes will be guaranteed on a senior unsecured basis by Nico Middle East Limited
DW: Offshore Security Is an Expensive Headache
“Energy security” is a term usually associated with security of supply and national self-sufficiency or at least the desire to minimise dependence on hydrocarbon imports. Yet around the world both E&P operators and oilfield service firms struggle with ‘energy security’ at a more basic level – the se
Noreco Quits Crazy Horse Ops (UK)
Trapoil, the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf (“UKCS”) announces an update covering arrangements with Norwegian Energy Company UK Limited (“Noreco”). Proposed Arrangements and Revised Equity Interests Trapoil has been informed
Marin Teknikk to Design Oceaneering’s Subsea Vessel
Marin Teknikk AS has entered into a contract with BAE Systems for delivery of design & engineering of a Subsea Support & Construction Vessel to Oceaneering International Inc. The vessel is to be built by BAE Systems Southeast Shipyard in Alabama, USA, and will be ready for delivery by the end of the
Delta Logistics Orders PSV from Dutch Yard
Shipyard De Hoop has received yet another new build order. The contract comprises of a new design for a 70 x 15.8 metre Platform Supply Vessel (PSV) for Delta Logistics Limited of Trinidad. This vessel heralds the next generation of De Hoop PSV’s, coming as a further development of De Hoop’s KISS de
Prosafe, ConocoPhillips Extend ‘Safe Scandinavia’ Deal
Prosafe and ConocoPhillips Petroleum Company U.K. Limited have agreed an extension to the firm period for the provision of the Safe Scandinavia accommodation support vessel at the Jasmine Hook Up and Commissioning Project in the British sector of the North Sea. The duration of the firm extension per
Noreco Announces Refinancing Plans
Norwegian Energy Company ASA (Noreco) is announcing plans today for a refinancing solution which will provide it with a sound platform for continued operation. Several of the largest bondholders and the company’s main shareholders, representing 33 per cent of the shares, have already signalled their
Premier Oil Extends ‘WilPhoenix’ Contract
Awilco Drilling PLC has accepted a Letter of Award (LOA) from Premier Oil UK Limited relating to the 250 days of options in the contract announced on 7th May 2012. The total exercised option period will now extend until completion of the 2014 drilling program or 31st October 2014, whichever comes ea
Subsea 7 Scores $600 Mln in Petrobras PLSV Contracts
Subsea 7 S.A. announced the award of two contracts with a combined value (at the time of contract signature) in excess of US$600 million from Petrobras. The contracts are for operation of the Pipelay Support Vessels (PLSVs) Seven Mar and Seven Condor on a day rate basis for approximately three years
Technip Wins Important Project Offshore Qatar
Technip has secured an engineering, procurement, installation and commissioning contract from Qatar Petroleum for “a strategically important” Offshore Project comprising a living quarter platform and an utility platform, with a bridge connecting the two platforms. For Technip, an “important” offshor