Fossil Energy
Crosco’s Labin Jack-Up Drilling for INAgip (Croatia)
INAgip, a joint venture company established by the Italian oil giant Eni and the Croatian oil company INA, has awarded a drilling contract to Crosco. The contract, for the Crosco-owned jack-up rig “Labin”, has already kicked off early in July. INAgip has hired the rig for exploration drilling on the
COSCO Dalian Wins $170 mln Jack-Up Rig Order. Client Unknown
Chinese shipyard COSCO (Dalian) Shipyard Co. Ltd has announced it has secured a contract valued over USD170 million from an undisclosed European company to build one Jack-up drilling rig. The rig is scheduled for delivery in the 3rd quarter of 2015. “None of the directors or controlling shareholders
COSCO Shipyards Secure $96 mln PSV, AHTS Orders (China)
China’s COSCO (Dalian) Shipyard Co., Ltd , has secured a contract from a Chinese company to build two deep water platform supply vessels. Both of them are scheduled for delivery in the second quarter of 2015. Separately, COSCO (Guangdong) Shipyard Co., Ltd (which is also a subsidiary of COSCO Shipya
GE to Equip Hejre Platform with Control Valves (Denmark)
GE control valve technology has been selected for an offshore production platform that is a key component in the development of the Hejre oil and gas field in the Danish sector of the North Sea. The development project is expected to increase the reliability of Denmark’s oil and gas supply and is a
ConocoPhillips 2Q Adjusted Earnings at $1.8 Billion
ConocoPhillips today reported second-quarter 2013 earnings of $2.1 billion, or $1.65 per share, compared with second-quarter 2012 earnings of $2.3 billion, or $1.80 per share. Second-quarter 2012 reported earnings included $0.5 billion from downstream operations prior to the separation of Phillips 6
Wood Group Mustang Names President of Offshore Business (USA)
Wood Group Mustang names Bob Lindsay president of the Offshore Business Unit, leading its global strategic direction and development. A native of Australia, Lindsay brings to the table 35 years of management experience in international offshore business operations, having held various senior and exe
KNOT Offshore Partners Buy Carmen Knutsen Shuttle Tanker
KNOT Offshore Partners LP announced today that further to its announcement on July 12, 2013, its wholly owned subsidiary KNOT Shuttle Tankers AS has completed its acquisition of all interests in Knutsen Shuttle Tanker 13 AS that owns and operates the Carmen Knutsen from KNOT Offshore Tankers AS for
New CEO to Take Over IHC Merwede in September
As of 1 September 2013, Dirk Philips will succeed Govert Hamers as the new CEO of IHC Merwede. In addition, the Board of Management will be expanded with the appointment of a new COO, namely the current Director of the company’s Dredging division, Bram Roelse. Dirk Philips is a 48-year-old Belgian n
Foster Wheeler to Oversee Construction of Perla Field Facilities (Venezuela)
Foster Wheeler AG announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a project management contract by Cardon IV S.A., for new production facilities for the Perla Field in the Gulf of Venezuela. Cardon IV S.A. is a joint venture company owned by Eni Ve
Apache: New Bacchus Well Ramps Up Production to Over 17,600 BOPD
Apache Corporation said today that the third well in the Bacchus Field in the United Kingdom sector of the North Sea has pushed field production past 17,600 barrels of oil per day. Apache has a 50 percent interest in the field. The Bacchus B-1 development well, which commenced production in July, cu
New Managing Director at RWE Dea UK Helm
As of today, Hans-Joachim Polk is the new Managing Director of RWE Dea UK. Polk joined RWE Dea AG as early as late 1991, immediately after earning his Master’s degree in crude oil and natural gas exploration and production technology at Clausthal-Zellerfeld University. In the course of his professio
USG Energy Renamed to RedWave (The Netherlands)
As of August 1st, USG Energy, a company focused on providing personnel for drilling, production and engineering work, as well as providing medical services in exploration and exploitation of gas and oil reserves, will continue operations under the name RedWave. The sale of USG Energy was announced b
Damen Stan Pontoon to Support Offshore Construction Ops in Canada
The largest pontoon ever stock-built by Damen was sold to the Canadian McKeil-Malaspina partnership will be towed to Newfoundland on the East coast of Canada this summer. Upon arrival in Canada the pontoon will be used to support offshore construction operations. The Damen Stan Pontoon 12032 measure
China: CNOOC, Shell Sign South China Sea PSC
CNOOC Limited announced today that its parent company, China National Offshore Oil Corporation (CNOOC) has signed production sharing contract (PSC) with Shell China Exploration and Production Company Limited (Shell) for Block 35/10 in Yinggehai Basin in the South China Sea. Block 35/10 is located in