Fossil Energy
Subsea 7 Starts $200 Mln Share Repurchase Programme (UK)
Subsea 7 S.A. announced that as part of the Company’s continued focus on capital discipline, the Board has authorised a share repurchase programme of up to US$200 million. The share repurchase is to be carried out over the next twelve months, and the repurchased shares will be held in treasury. The
Brazil’s Largest Semi Sets Sail to Roncador Field
Brazilian oil company Petrobras has informed that its P-55 platform yesterday set sail towards Roncador field in the Campos Basin. Following the completion of all the necessary works and tests on the platform, the unit, on October 6, left the Rio Grande Shipyard. With 52 000 tonnes, P-55 is the larg
Polarcus Starts 3D Seismic Survey Offshore Gabon
A 3D seismic acquisition project has kicked off in the Dussafu block offshore Gabon, Panoro Energy has informed. The work will be carried out by Polarcus and is planned to cover an area of approximately 1260 km2 in the outboard part of the Dussafu license. The primary objective is to upgrade leads t
Woodside: North Rankin Project Produces First Gas (Australia)
Woodside, as operator of the North West Shelf Project, advises that the North Rankin Redevelopment Project has achieved start-up and has exported gas to the Karratha Gas Plant. The A$5 billion (100% cost; Woodside share 16.67%) North Rankin Redevelopment Project has involved the construction and ins
Technip, MMHE Confirm Substantial Petronas Contract in Malaysia
French Technip and Malaysian MMHE confirm their support to PETRONAS for the development of Block SK316, offshore Sarawak, Malaysia Technip, in a joint venture with Malaysia Marine and Heavy Engineering Sdn Bhd, has received confirmation from PETRONAS Carigali for a substantial engineering, procureme
Top News of The Week Sep 30 – Oct 5, 2013
Top News of The Week Sep 30 – Oct 5, 2013
Helicopter Makes Emergency Landing on Yme Platform
A Sikorsky S-92 helicopter, operated by Bristow Helicopters in Norway, made an emergency landing on a North Sea platform late Friday. The helicopter, according to a Bristow statement shared by Helihub.com, made a safe precautionary landing on an offshore installation after a cockpit warning light il
Moody’s Changes Anadarko’s Rating Outlook from Stable to Positive
Moody’s Investors Service changed Anadarko Petroleum Corporation’s (Anadarko) rating outlook to positive from stable. Moody’s affirmed Anadarko’s Baa3 senior unsecured ratings and those of its guaranteed subsidiaries, including Kerr McGee Corporation and Union Pacific Resources. The Baa3 senior unse
Oil Firms Evacuate Gulf of Mexico Workers ahead of Karen
Oil companies operating in the Gulf of Mexico are evacuating its workers ahead of the tropical storm Karen. According to Bloomberg, BP, Chevron and Shall began the personnel removal from the offshore facilities located in the storm’s way. ExxonMobil and Anadarko have reduced production from its GoM
Greenpeace: 30 Activists Charged with Piracy in Russia
A further 15 Greenpeace International activists and a Russian freelance photographer were today charged with piracy in Murmansk, over a protest against Gazprom’s Arctic offshore drilling plans. This means that all 28 activists from the Greenpeace ship Arctic Sunrise, as well as two freelancers, now
Ezra Establishes New Subsidiary in Thailand
Singapores’ Ezra Holdings Limited, a company company providing integrated offshore solutions for the oil and gas industry, has formed a new subsidiary company, Emas Offshore (Thailand) Ltd (“EOTL”), incorporated in Thailand with a registered capital of THB 3 million (around 96ooo USD), comprising of
Bond Offshore Helicopters Crew Honored for Bravery in ‘VOS Sailor’ Rescue Mission
A Bond Offshore Helicopters crew was honored yesterday for its key role in a dramatic North Sea rescue last December The crew has received an award at the Shipwrecked Mariners’ Society’s annual Skill and Gallantry Awards which for 162 years has recognised the bravery of those who risk their lives in
Bentley Systems Buys MOSES Software Business from Ultramarine
Bentley Systems, Incorporated, the leading company dedicated to providing comprehensive software solutions for sustaining infrastructure, today announced that it has acquired the MOSES software business from Ultramarine, Inc. Used around the world, MOSES is the premier analysis and simulation softwa
Swiber Sells OER Stake (Singapore)
Singapore’s Swiber Holdings Limited has announced that its subsidiary Kreuz Engineering Limited had disposed its entire equity interest, comprising 2,500 ordinary shares, representing 25% equity interest in the share capital of Offshore Engineering Resources Pte. Ltd (OER). The value of the sale is