Fossil Energy
Otto Marine, Mosvold Settle Disputes
The Board of Directors of Otto Marine Limited announced that the Company and its subsidiaries and the Mosvold Supply Group have reached an amicable agreement to end the disputes and all the arbitrations between the two groups of companies arising out of the terminated contracts for four AHTS vessels
DNV, Hyundai Heavy Sign ISDS Deal for Diamond Offshore Semi
DNV and Hyundai Heavy Industries (HHI) have today signed a contract for the classification of a semisubmersible according to DNV’s standard for Integrated Software Dependent Systems (ISDS). The vessel will be owned by the US company Diamond Offshore Drilling Ltd (DODL). This is the first project for
Afren Drills Ahead at Ogo-1 Sidetrack Well (Nigeria)
Lekoil, an oil and gas company with a focus on Nigeria and West Africa, has reported further to the announcement on 29 August 2013, the Ogo-1 sidetrack well, offshore Nigeria, is drilling ahead and is currently at a depth of approximately 16,000ft, with a proposed total depth of approximately 17,900
Rialto Reports Net Loss of $170.6 Mln
Rialto Energy Limited, the West African focussed exploration company, announces their audited final results for the year ended 30 June 2013. Financial Highlights (All $ amounts in AUS$ unless otherwise specified): · Successful Placing raised $14.1 million with institutional and other investors (clos
Archer Launches STORMLOCK
Archer, the global oilfield service provider, has released STORMLOCK—an ISO 14310 V0-rated, gas-tight storm plug specifically designed for suspension operations in the Gulf of Mexico and other deepwater markets. STORMLOCK is being launched at Archer’s booth #435 at ATCE 2013 in New Orleans where a 1
RUSH System Deployed on Diamond Offshore’s ‘Ocean Princess’ Rig
During an ongoing project, the Rigmar Underdeck Suspended Habitat (RUSH) system was deployed to create ease of access to the under deck of on the Diamond Offshore Drilling-owned rig,the Ocean Princess. The system was installed in just 21 days, allowing access for fabric maintenance as well as hot wo
Lundin Petroleum: Johan Sverdrup Appraisal Well Finds Oil Column
Lundin Petroleum has informed that the Johan Sverdrup appraisal well 16/5-4, located in the south western part of PL501,in the Norwegian sector of the North Sea, found an oil column of approximately 6 metres in excellent quality sandstone of Upper Jurassic age. The well is successfully completed. Ap
CNR Pens Farm-Out Deal with Total for Exploration Block in S. Africa
Canadian Natural Resources Limited has announced the completion of its process to find a world class partner for the joint exploration of its Block 11B/12B offshore South Africa. After a lengthy and thorough process, where Canadian Natural received a number of strong, competitive offers from well-kn
Salamander Drills Duster Offshore Thailand
Salamander Energy has announced that its exploration well on the offshore Ayutthaya prospect in Block G4/50 in the Gulf of Thailand has been plugged and abandoned as a dry hole. The well was drilled in the central Western Basin to a total depth of 2,294 m TVDSS. Excellent quality reservoirs were enc
Nam Cheong Sells Four PSVs for $120 Million (Malaysia)
Nam Cheong Limited, Malaysia’s largest Offshore Support Vessel builder, today announced that it has sold four Platform Supply Vessels (“PSVs”) worth a total of approximately US$120 million (approximately S$150 million). The customer is new to Nam Cheong and is an emerging offshore marine services co
Top News of The Week September 23 – 28, 2013
Top News of The Week September 23 – 28, 2013
ConocoPhillips Makes History with Drone Flight Offshore Alaska
ConocoPhillips Alaska has announced that in mid-September, using the Insitu Inc. ScanEagle® Unmanned Aerial Vehicle (UAV), the company completed the first approved commercial use of an Unmanned Airborne System (UAS) in the United States. The flight took place in remote Arctic airspace over the Chukc
Shell Extends Genesis Contract
Genesis has announced a five-year extension to its Engineering Services support contract with Shell. The original contract was awarded in 2003. The contract scope covers the provision of all categories of engineering and design staff and associated support services, with Genesis personnel working al
Total Egypt Hires Two DOF Vessels
DOF has today entered into two time charter contracts with Total Egypt (Total) for employment of the vessels “SKANDI STORD and “SKANDI SAIGON” in the Egyptian economic zone, starting end September, 2013, each with a firm period of approximately. 100 days. Total has an option to extend the contracts