Fossil Energy
Proserv Buys Subsea Engineering Firm Velocious
An energy production technology services company Proserv has strengthened its global position with the acquisition of pioneering subsea engineering firm Velocious. The deal for the business, based in Perth, Australia, will see Proserv integrating more than 20 members of staff specialising in interve
Bilfinger Bags North Sea Gigs with Statoil and Marathon
The engineering and services group Bilfinger has extended comprehensive framework agreements for the maintenance of oil and gas production facilities in the North Sea. The agreements with energy companies Statoil and Marathon Oil run for periods of three years and have a total value of €130 million.
Hercules Buys More Shares in Discovery Offshore S.A.
Hercules Offshore, a drilling contractor based in the U.S. has through a wholly owned subsidiary, agreed to purchase additional shares of Discovery Offshore S.A. (“Discovery”), increasing our total investment in Discovery to more than 50% of the outstanding shares. In accordance with the Norwegian S
Fruitful Week for Pipavav Defence (India)
India’s Pipavav Defence and Offshore Engineering Company Ltd has today informed the Bombay Stock Exchange that it has won a contract for maintaining and dry docking of deep water draft oil rigs amounting to Rs. 255 Crore (USD37,6 million). The company did not reveal the name of the client in its pre
Sinopec Buys Marathon’s Angola Assets for $1.52 Billion
China Petroleum & Chemical Group, better known as Sinopec, has announced it has reached an agreement with Marathon Oil to buy the U.S. company’s stake in Block 31, offshore Angola. The Chinese company which, according to Forbes, employs 376,201 people, will pay $1.52 billion for the transaction. Mar
Skipsteknisk Wins 4 Vessels Design Contract from COSL
Skipsteknisk was recently awarded the design contracts for 4 newbuildings by China Oilfield Services Limited (COSL), and consider these contracts as a breakthrough in the Chinese Offshore market. Skipsteknisk started to work on the Chinese market in 2007 and signed the first contract for design of a
Qatar Petroleum Extends Two Offshore Rigs Contracts
Earlier this month, Qatar Petroleum (QP) announced the signing of two contracts for the offshore drilling rigs, Al-Doha and Al-Zubarah, of Gulf Drilling International Ltd. (GDI) for use in QP’s offshore fields. The contracts were signed by H.E. Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy and
Resources Minister: PTTEP Successfully Implemented Montara Action Plan (Australia)
Following three years of monitoring and close consultation with Montara field developers PTTEP Australasia, Australian Resources Minister Gary Gray has announced the deed of agreement between the Government and company has been concluded. The Montara field development has been subject to the deed si
OPITO Promises Revolutionary Approach to Attract New Recruits to O&G Industry
Press Release – A revolutionary approach to tackling the critical need to attract thousands of new recruits into the oil and gas industry has been unveiled by sector skills body OPITO. In what could lead to the biggest shake-up of skills provision in the North Sea’s history, OPITO is responding to t
MacGregor to Deliver Offshore Cranes for MAC’s CSS Vessels (China)
MacGregor, part of Cargotec, has secured a contract that will see eight cranes fitted on board a new series of four compact semi-submersible (CSS) offshore accommodation vessels for Marine Assets Corporation (MAC). Each vessel, under construction at Fujian Mawei Shipbuilding Ltd. in China, will feat
COSL Orders 15 Vessels (China)
On June 19, 2013, China Oilfield Services Limited (“COSL” or the “Company”) signed agreements for the construction of 15 vessels. The 15 vessels, including one output enhancement vessel, four 6,000HP platform supply vessels (“PSVs”), two 9,000HP PSVs, two 8,000HP anchor handling tug supply vessels (
WorleyParsons Wins Engineering Services Contract from Chevron (Australia)
WorleyParsons announced it has been selected by Chevron Australia Pty Ltd to provide Brownfield Engineering Services for the operational phase of Chevron’s West Australian assets. This master services agreement is for an initial five-year term, with extension options under the arrangement. Under the
Aker Solutions, Statoil Cancel Cat B Rig Contract
Aker Solutions ASA and Statoil ASA have cancelled a contract for delivery of a semi-submersible rig capable of year-round well-intervention services on the Norwegian continental shelf. The companies in April 2012 agreed Aker Solutions would build the so-called Category B (Cat B) rig and use it to pr
Vroon Takes Delivery of ‘VOS Purpose’ PSV
Vroon Offshore Services (VOS) have taken delivery of a new addition to their offshore fleet. VOS Purpose, a platform supply vessel (PSV), is the second of two 75-m PSVs built at Fujian Southeast Shipyard in China. The vessel was delivered Friday 21 June 2013 in China and will be operated in the Medi