Fossil Energy
VIDEO: Damen Delivers ‘World Diamond’ PSV
Damen Shipyards Galati has delivered the ‘World Diamond’, the first of six Platform Supply Vessels for Norwegian offshore owner World Wide Supply, built to an entirely new Damen design. The World Diamond was christened by godmother Her Royal Highness Crown Princess Margarita of Romania on June 28th,
AGR Enhanced Drilling Names New Regional VPs (Norway)
Offshore technology provider AGR Enhanced Drilling has recently strengthened its business with the addition of two new regional vice presidents. Ruud Van Der Meer will head-up the Norwegian firm’s presence in ACIS (Africa, Commonwealth of Independent States). He brings a host of experience to the No
Adira Energy Settles Disputes. Asks for More Time for Drilling Offshore Israel
Adira Energy Ltd. has entered into a settlement and release agreement with Modi’in Energy LP (“Modi’in”) and Brownstone Energy Inc. (“Brownstone”) to resolve the Consortium’s previously disclosed disputes over their respective funding obligations and related suspension of operations on the Gabriella
Plexus Wins POS-GRIP Contract with eni Australia
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, known for its safety, announces it has been awarded its first contract with eni Australia Limited (‘eni Aus’), a subsidiary of eni S.p.A,
Subsea 7 Secures $450 Mln Contract for Its PLSV in Brazil
Subsea 7 S.A. announced the award of a contract with a value (at the time of contract signature) of around U$450 million from Petrobras. The contract is for the operation of the Pipe Lay Support Vessel (PLSV) Seven Phoenix on a day rate basis for five years, with operations starting in the third qua
Hercules Offshore Sells Domestic Liftboats to All Coast (USA)
All Coast, LLC, a newly formed company for the marine services industry founded by John Powers and John Nesser III, has completed the acquisition of Hercules Offshore’s domestic liftboat assets. This $57.5 million acquisition includes 29 actively marketed liftboats ranging from class 105 to class 22
DECC Approves Revised FDP for Fyne Field (UK)
Antrim Energy Inc., a Canada-based international exploration and production company, has announced that the UK Department of Energy and Climate Change (“DECC”) has agreed to amend the terms of UK Central North Sea Licence P077 (Antrim 100%) to allow for a revised Field Development Plan (“FDP”) for t
GE Oil & Gas Buys Lufkin for $3.3 Bln
GE Oil & Gas yesterday announced that it has completed its acquisition of Lufkin Industries, Inc., a leading provider of artificial lift technologies for the oil and gas industry and a manufacturer of industrial gears based in Lufkin, Texas, for approximately $3.3 billion. The move broadens GE Oil &
Rig Delay Forces Hurricane Energy to Cancel Lancaster Drilling (UK)
Hurricane Energy plc announces it will not be carrying out its expected operations for the horizontal well on its Lancaster discovery this summer. Hurricane had contracted to use the Global Arctic III rig but has elected not to proceed with the programme due to extensive delays outside of Hurricane’
2H Offshore Takes Part in Moho Nord Development (Congo)
2H Offshore, an Acteon company, has recently been awarded a contract by Total for the delivery management of the TLP top tensioned riser (TTR) systems for its Moho Nord field development, offshore Congo. Located approximately 75km from Pointe-Noire and 25km west of N’Kossa in water depths ranging fr
Ship Finance Buys West Linus Rig
North Atlantic Drilling (“NADL”) and Ship Finance International Limited (“Ship Finance”) today announce an agreement to a combined sale and leaseback arrangement whereby Ship Finance will acquire the harsh environment jack-up drilling rig West Linus from a subsidiary of NADL. The West Linus is curre
Indofin Acquires 62% in IHC Merwede (The Netherlands)
Indofin Group, the investment company, owned by the De Bruin family, has acquired a majority shareholding of 62% in IHC Merwede. Rabo Capital (10%) and IHC Merwede management and staff (28%) are the other principal shareholders. Indofin has obtained this significant stake in IHC Merwede by partially
Noble Corp. Moves from Switzerland to UK
Noble Corporation, an offshore drilling contractor for the oil and gas industry, announced today its Board of Directors has approved changing the place of incorporation of the publicly traded parent of the Noble group of companies from Switzerland to the United Kingdom. The Company’s shareholders wi
McDermott Wins Julia Field Subsea Tie-Back Job (USA)
McDermott International, Inc. announced today that one of its subsidiaries has been awarded an engineering, procurement and construction (EPC) contract by Exxon Mobil Corporation for its Julia development. The value of the contract is included in McDermott’s second quarter 2013 backlog. The Julia fi