Fossil Energy
Aker Solutions to Conduct Johan Castberg Floater Concept Study
Aker Solutions, a Norway-based provider of oilfield services, has secured a contract from Statoil to conduct an extended concept study for the floater for the Johan Castberg oilfield development in the Barents Sea. The contract, worth NOK 250 million, includes options for further work. “This is an e
Bumi Armada Accepts Delivery of PSV. Three More to Go
Malaysia-based international offshore oilfield services company, Bumi Armada has taken delivery of the first of four PSVs from Sentinel Offshore (L) Ltd at the Xiamen Shipyard in China. The contract for the four PSVs which is worth approximately USD80 million (RM260 million) is part of the company’s
Sinapore, Saudi Arabia Cooperate on Maritime Yard Feasibility Study
Singapore’s Sembcorp Marine has signed a Memorandum of Understanding (MOU) with Saudi Aramco and the National Shipping Company of Saudi Arabia (Bahri), one of the largest shipping companies in the world, with the objective of preparing a detailed feasibility assessment aimed at the development of a
China: ‘Sea Forth’ PSV Delivered to Seatankers
The third ULSTEIN designed platform supply vessel of the PX105 design for Seatankers, ‘Sea Forth’, was delivered on 16 August 2013 from the Zhejiang yard in Ningbo. ULSTEIN delivers twelve design and equipment packages to the Chinese yard, where all the vessels for Seatankers Group will be construct
Whistler Buys Offshore Fields, Platform for $110 Million (USA)
Freepoint Commodities LLC has announced that its subsidiary Commerce Oil LLC, together with affiliates of Apollo Global Management, LLC and Summit Partners Credit Advisors, L.P., closed a transaction to provide more than $110 million of acquisition and redevelopment capital to Whistler Energy II, LL
Statoil Exercises Options for Two Havila Vessels
Norwegian owner of offshore support vessels Havila Shipping has announced that Statoil has decided to extend contracts for two of its vessels. According to a notice issued by Havila today, Statoil has declared the first option for the RRV vessel Havila Troll, and also the Norwegian oil giant has exc
Daya, Technip Enter OSCV Charter Deal
Malaysia’s Daya Materials Berhad has informed that its subsidiary, Daya OCI (Labuan) Limited on 16 August 2013 entered into a Charter Party contract with Technip Norge AS of Norway. Under the agreement Daya OCI will provide an offshore subsea construction vessel together with a range of offshore ser
Floatel Orders 5th Flotel from Keppel
Keppel FELS Limited (Keppel FELS) has been awarded a contract worth about US$280 million by Floatel International Ltd (Floatel), to build its fifth accommodation semisubmersible unit for delivery in 4Q 2015. Keppel FELS previously delivered the accommodation semis, Floatel Superior and Floatel Relia
Sembcorp Marine Names New Deputy Chairman (Singapore)
The Board of Directors of Sembcorp Marine announces the appointment of Tan Sri Mohd Hassan Marican as Deputy Chairman of Sembcorp Marine. Appointed a director on 1 October 2011, Tan Sri Mohd Hassan Marican also serves as a member on the Board’s Audit Committee. Goh Geok Ling, Chairman of the Board s
Shell Farms Into Australian AC/P 52 Permit
Finder Exploration Pty Ltd announces that they have entered into a farm-out agreement which provides for Shell Development (Australia) Proprietary Limited (“Shell”) to earn a 50% interest and Operatorship in Exploration Permit for Petroleum AC/P 52 (“Permit”). The Permit is located in the Northern B
CNOOC Chairman: Good Overall 1H Performance
China’s CNOOC Limited today announced its interim results ended June 30, 2013. For the first half of the year, the Company’s total net oil and gas production rose 23.1% year-on-year (YOY) to 198.1 million barrels of oil equivalent (BOE), in which Nexen contributed 24.8 million BOE. Without Nexen’s p
DONG Energy to Slash 400 Jobs. 1H Earnings Up
The Board of Directors of DONG Energy, one of the leading energy groups which focuses on procuring, producing, distributing and trading in energy and related products in Northern Europe, has today approved the interim financial report for the first half of 2013 with the following financial highlight
Scana Offshore Wins BOP Stacking Services Job
Scana Industrier ASA has through its subsidiary Scana Offshore Services Inc been awarded a contract for BOP stacking services of approximately $2.7 million to an unnamed client. The project work will be executed in Houston and will further support the increased utilization of the new workshop facili
Buccaneer: Several Options for Cosmo Development (Alaska)
Buccaneer Energy Limited has release an update on Cosmo # 1 well progress in Alaska in which the Company has a 25% working interest. An Absolute Open Flow Potential (“AOFP”) four-point test was conducted on the second gas zone tested, and resulted in a calculated AOFP of 16.0 million cubic feet per