Fossil Energy
Sembcorp Marine: PPL Shipyard Gets New Managing Director (Singapore)
Sembcorp Marine announced the appointment of Wong Teck Cheong as the Managing Director of PPL Shipyard with effect from 14 June 2013, following the completion of Service Agreement by Douglas Tan Ah Hwa on the same date. Wong, 51 years old, has served as the General Manager for Special Construction a
Iran to Bring All South Pars Phases on Stream Soon
Managing-Director of the National Iranian Oil Company (NIOC) Ahmad Qalebani announced that all phases of the South Pars gas field will come online in the near future. “Phases 15 and 16 and parts of phases 17 and 18 of South Pars gas field will become operational by the end of current Iranian year (e
DeepOcean Names New CFO
DeepOcean Group, today announced that Dennis de Vreede will join DeepOcean as its Chief Financial Officer on 1 August 2013. Dennis takes over from Frank Eggink who will leave DeepOcean on June 30, 2013. Dennis de Vreede joins from Prologis, global market leader in the industrial real estate space, w
ABB Board Elects New Chief Executive Officer (Switzerland)
The Board of ABB has unanimously appointed Ulrich Spiesshofer, the head of its Discrete Automation and Motion (DM) division, as Chief Executive Officer. He will succeed Joe Hogan in this role in an orderly transition on September 15, 2013. Hogan will continue with ABB for some months as Senior Advis
Skansi Offshore Names ‘Kongsborg’ Platform Supply Vessel
Skansi Offshore on Saturday, June 15, named their 5th newbuild. The PSV vessel «Kongsborg» was delivered to Skansi Offshore on Friday and was named Saturday at quay in Stavanger. All the company’s vessels are of a Havyard designTM and four of these have been constructed at Havyard Group`s shipyard i
Scana Offshore Vestby Wins Riser Thermal Coating Job
Scana Industrier ASA has through its subsidiary Scana Offshore Vestby, been awarded contract for upgrade of Work over Risers. The value of the contract is approximately 40 MNOK (USD 7 million). First call off has a value of approx. 22 MNOK. The company did not reveal the client’s name. “Thermal coat
SKILLED to Acquire Broadsword (Australia)
SKILLED Group announced that it has entered into an agreement to acquire Broadsword Marine Contractors Pty Limited (“Broadsword”) for an initial consideration of $48.8 million, and further deferred consideration of $26.7 million payable over 3 years; for a total consideration of $75.5 million. Broad
Reach Subsea Hires ‘Bourbon Emerald’ MPSV
Reach Subsea has entered into a charter party agreement with Bourbon for the MPSV “Bourbon Emerald” for 140 days + options. The vessel will be equipped with the company’s own ROVs for operations in the North Sea and under the Joint Venture with Marin Mætteknik. Further, Reach Subsea has entered into
Lundin Spuds Brynhild Development Well Off Norway
Swedish operator Lundin Petroleum has kicked off the drilling of the first development well on the Brynhild field in PL148, located in the Norwegian North Sea. The Brynhild field is located adjacent to the Norway-United Kingdom border, some 210 km from the Norwegian mainland. The development of Bryn
Angola Successfully Converts Offshore Gas to LNG
Chevron Corporation’s subsidiary Cabinda Gulf Oil Company Limited confirmed that initial production of liquefied natural gas (LNG) has commenced at the Angola LNG project. Angola LNG is one of the largest energy projects on the African continent. “First gas at Angola LNG is an important milestone in
Australia Grants 13 New Offshore Exploration Permits
Australian Resources and Energy Minister Gary Gray has announced the grant of 13 new offshore petroleum exploration permits as part of round one of the 2012 Offshore Petroleum Exploration Acreage Release. The award of these permits will see an estimated $180 million in new investment in waters offsh
Ithaca Enters More UK Farm-Out Transactions
Ithaca Energy Inc. announces the execution of further UK exploration farm-out transactions. The Company has executed a farm-out agreement with a subsidiary of Edison International SpA for a 25% interest in the licences containing the Handcross prospect and an agreement with Shell UK Limited concerni
Troms Offshore Expands Fleet with New PSV
Troms Offshore Supply AS on Thursday, June 13, took delivery of its new build no 756 at VARD Brevik shipyard in Norway. The ship has been given the name MV Troms Lyra. Troms Lyra is a Clean Design diesel electric PSV (Platform Supply Vessel) with a deck area of 850 m2. Engines and propulsion in [&he
Origin Energy Spuds Offshore Well in Vietnam
Australia’s Origin Energy has, on behalf of the Block 121 Joint Venture, announced that the 121-Ca Voi-1X well spudded at 0730 hours local (Vietnam) time on 15 June 2013. The well is being drilled using the semi-submersible drilling rig Ocean General. Origin said it would only advise the market agai