Fossil Energy
Aban Offshore Shares Rise on Drilling Contract Announcement
India-based drilling contractor Aban Offshore Ltd has informed Bombay Stock Exchange that it has secured a contract for its jack-up rig Deep Driller 7. The company’s shares rose 3.6 pct. Under the contract, the rig, built in 2006 by PPL Shipyard Pte Ltd, Singapore, will be deployed offshore Mexico f
Pacific Drilling Delivers Another Solid Quarter, CEO Says (USA)
Pacific Drilling S.A. announced revenue of $175.0 million and net income of $15.1 million or $0.07 per diluted share for the three months ended March 31, 2013. In the prior year period, excluding loss of hire insurance recovery of $23.7 million, net loss was $5.3 million or $0.02 per diluted share o
Bergen Group Names New CEO
The board of directors in Bergen Group ASA has appointed Asle Solheim (54) is the position as new CEO for the Group. Solheim replaces Terje Arnesen who has requested resignation from the position. The change takes effect as of today. The new CEO has an extensive background in various management posi
Triyards Present New Jack-Up Rig Design, TDU-400
TRIYARDS Holdings Limited (TRIYARDS or the Group) has become one of only three Singapore yards able to design and build its own proprietary drilling jack-ups and self-elevating units (SEUs) with the introduction of the new Premium Class 400 HPHT (high pressure, high temperature) Drilling Jack-up Rig
Murphy Oil CEO to Step Down (USA)
Murphy Oil Corporation announced that its President and Chief Executive Officer, Steve Cossé, has informed the Murphy Board of Directors that he intends to step down from that position following the completion of the previously announced plan to spin off to its stockholders its U.S. downstream opera
ITT Shows Its Products at OTC 2013, USA
Across its businesses, ITT Corporation offers an extensive array of essential products and services to its oil and gas industry customers around the world. This week, the company is showcasing its capabilities at the Offshore Technology Conference in Houston, which draws approximately 80,000 attende
OTC 2013: Petrobras’ Long-Term Technological Strategy for Deepwater Production
Brazil’s national oil company Petrobras presents long-term technological strategy for deepwater production. Executive emphasizes, at the OTC, the importance of the company’s partnership with universities and suppliers
DNV Enhances Classification Rules for Mobile Offshore Units
DNV has restructured its offshore classification rules for Mobile Offshore Units in order to improve transparency and enhance safety. “Our aim is to help the rig owner in the building process – to clearly show that the unit is constructed in compliance with reliability and safety standards. At the s
Shell Hires Boskalis for Malampaya Field Job (Philippines)
Royal Boskalis Westminster N.V., has been awarded a contract by Shell Philippines Exploration B.V. for the installation of an offshore Depletion Compression Platform for the Malampaya Project off the coast of Palawan Island, in the Republic of the Philippines. The contract includes seabed preparatio
OTC 2013: Governors Call For Timely Approvals for Offshore Projects
Alaska Governor Sean Parnell, Texas Governor Rick Perry, Mississippi Governor Phil Bryant, Alabama Governor Robert Bentley, South Carolina Governor Nikki Haley and North Carolina Governor Pat McCrory headlined a panel yesterday, organized by the Consumer Energy Alliance (CEA), at the Offshore Techno
Cairn Takes Operatorship of Two Irish Offshore Blocks
Cairn Energy PLC has announced a farm-in as Operator to two licences offshore West of Ireland in the Porcupine Basin, which contains the undeveloped Spanish Point gas condensate and Burren oil discoveries, and six adjacent licensing option blocks. The acreage covers an area of 2,753km2 with more tha
E.ON Charters ‘SBS Cirrus’ from Viking Supply Ships
Viking Supply Ships has entered into a contract with E.ON for the charter of “SBS Cirrus” Platform Supply Vessel starting in May 2013. The duration is for three months firm, plus charterer’s option to extend the contract with a total of 8 weeks. The ship owner did not disclose the value of the contr
AWE Pleased with Lengo-2 Well (Indonesia)
AWE Limited reports that at 0600 hours yesterday local East Java time (0900 hours Sydney) the Lengo-2 appraisal well, offshore Indonesia, was at a measured depth (MD) of 757m (2,485 ft), running in hole with a core assembly in preparation for cutting a second 27.5m (90 ft) of core in the primary obj
Technip to Remove Oil Loading Systems from Gullfaks Field
Technip was awarded by Statoil a contract for the removal and replacement of the two oil-loading systems at the Gullfaks field. This field is located in the North Sea, offshore Norway, at a water depth of approximately 130 meters. The contract covers the engineering, preparation and removal of the e