Fossil Energy
Alewijnse Repairs Stornes Vessel
Alewijnse Marine Systems has successfully performed electrical repairs and modifications on the flexible fallpipe vessel Stornes, within a very challenging time frame. The vessel has left Damen Shiprepair Vlissingen after just three weeks of repairs, modifications and the commissioning of its electr
IHC EB Progressing With Construction of Equipment for New Pipe Layer
IHC Engineering Business (IHC EB), the designer and manufacturer, installer and commissioner of bespoke equipment for the offshore industries has reached a pivotal point in the construction of a 300t capacity flexible pipe-lay system. This system is destined for the Santos basin deep waters off the
EnerMech Gets Extra Funds from DNB, HSBC
Two leading banks have joined with original lender Bank of Scotland to provide a £90 million funding package for oil and gas engineering group EnerMech. EnerMech said the addition of Norwegian bank DNB and HSBC to form a ‘banking club’ reflected the requirements of a company which in five years has
Saipem Appoints New Head of Public Affairs and Communication
Saipem, a global leader in oil services listed on the Milan Stock Exchange, has appointed Erika Mandraffino as Head of Public Affairs and Communication. Erika Mandraffino has assumed the task of running the new external relations function on October 1. In her new role, Erika Mandraffino reports to t
APPEA: Investors Assessing $150 Bln Worth of Gas Projects in Australia
Natural gas is a “super growth industry” that could lift Australia’s next wave of economic prosperity over the next 20 years, a new report has found. The report released today by Deloitte Access Economics (DAE) entitled Positioning for prosperity? Catching the next wave says Asia’s increasingly pros
TAS Offshore Sells AHTS
Malaysia’s TAS Offshore Berhad (TAS) has sold an Anchor Handling Tug Supply vessel, valued at around RM38 million ($11.9 million). “The vessel was sold to one of our new foreign customers,” TAS Offshore said in a statement, without revealing the buyer’s identity. The vessel is expected to be deliver
Otto Energy Gives Up Stake in SC 69 (Philippines)
Otto Energy Limited has decided to relinquish its 79% stake in Service Contract 69, offshore the Visayas in the Philippines. The decision to exit comes after extensive evaluation work carried out over the block, including 2D and 3D seismic acquisition and a comprehensive farm-out process that did no
Bluefin Buys SeeByte
Bluefin Robotics, a leading provider of Autonomous Underwater Vehicles (AUVs), has acquired SeeByte, Ltd., a leading provider of autonomous platform software that enhances the user experience and the capabilities of underwater sensors, vehicles and systems. SeeByte, headquartered in Edinburgh, Scotl
McDermott, THEE Confirm Several JV Deals (Malaysia)
Affiliates of McDermott International, Inc. and of TH Heavy Engineering Berhad (“THHE”) today confirmed the formalization of several Joint Ventures. The joint ventures were formally approved by THHE shareholders at their annual general meeting on 3rd June 2013. “This is a milestone occasion for both
KS Energy, ICA Enter JV to Provide Drilling Services in Mexico
Mainboard listed KS Energy Limited (“KS Energy”) today announced its move into Mexico with the signing of a Memorandum of Agreement (“MOA”) with one of Mexico’s renowned conglomerate Empresas ICA, S.A.B. de C.V. (“ICA”). Under the terms of the MOA, a limited liability company will be established to
Tangiers Terminates Farm-Out Deal with CWH (Australia)
Tangiers Petroleum Limited (Tangiers) advises that it has terminated its Farm-out Agreement with CWH Resources Limited in relation to the offshore permits WA-442-P and NT/P81 (Permits) located in the Joseph Bonaparte Gulf, northern Australia. Tangiers said it terminated the agreement because CWH did
Fairmount Fuji Makes Cargo Runs Between Drillship and Pointe Noire (Congo)
Fairmount Marine’s multipurpose vessel Fairmount Fuji has assisted Italian contractor Saipem with her operations offshore Congo. Fairmount Fuji has performed several cargo runs between Siapem’s Boscongo yard in Pointe Noire and the offshore Congo moored drilling ship Saipem 1000. Fairmount Fuji also
Kashagan Resumes Production
Kashagan, a giant offshore oil field in Caspian Sea, located off the coast of Kazakhstan, has resumed production. The production was restarted yesterday after it had been halted due to a gas leak which occurred on September 25. Reuters has quoted the field’s developer, the North Caspian Operating Co
Petrobras Sells Its Stake in Uruguay Offshore Blocks to Shell
Brazil’s state-controlled oil company Petrobras has approved the sale of its stake in companies that hold shares in exploration blocks 3 and 4, located in the Punta Del Este basin in Uruguay. In a release issued late Friday, Petrobras revealed Shell as the buyer. Completion of the transaction is sub