Fossil Energy
Japanese Banks Provide Cash for Brazilian FPSO Construction
The Japan Bank for International Cooperation has signed a loan agreement in the aggregate amount of up to 702 million U.S. dollars (JBIC portion) with Cernambi Norte MV26 B.V. (CMV26), a company incorporated in the Netherlands in which MODEC, Inc. (MODEC), Mitsui & Co., Ltd., Mitsui O.S.K. Lines, Lt
Wärtsilä Marine Engines Get EPA Clearance (USA)
Wärtsilä, the marine industry’s leading solutions and services provider, has obtained certification of emission standard compliance from the United States Environmental Protection Agency (EPA) for its Wärtsilä 34DF dual-fuel engines. It will enable Wärtsilä to strongly enter the American market with
Hyundai E&C to Build Offshore Plant in UAE for $1.9 Bln
Hyundai E&C sets to expand its portfolio into the construction of offshore plants, a field in which global leading construction companies run into stiff competition over state-of-the-art technologies. Korea’s primary builder received a deal valued at about 1.8944 billion dollars, or approximately 2.
Eni CEO Briefs Indonesian Energy Minister on Jangkrik Project
The Indonesian Minister of Energy, Jero Wacik, and Eni’s CEO, Paolo Scaroni, met today in Jakarta to discuss Eni’s activities in the country. During the meeting, Paolo Scaroni updated the Minister of Energy on the progress of ongoing projects, which are considered strategic for both Eni and the Indo
Fugro Subsea Services Introduces Improved ROV Simulator
Fugro Subsea Services is rolling out enhanced tooling capabilities on its DeepWorks simulators. Improvements have been made to ROV manipulator deployed tools to provide easier access verification as well as more realistic deployment behaviours. DeepWorks 2013 introduces a novel approach to simplify
Martens Marine Takes Delivery of New Anchor Handler
Martens Marine, a Singapore registered company providing a range of support services for offshore sector, yesterday took delivery of the third vessel from Guangdong Yuexin Ocean Engineering Co., Ltd. in the Martens Marine“E 65T Series”. The vessel Named SMS ENDEAVOUR is an Anchor Handling Towing Sup
VERIPOS Wins Dolphin’s Fleet Positioning Services Contract (Norway)
Leading Norwegian exploration seismic contractor Dolphin Geophysical of Bergen has awarded VERIPOS a new three-year contract for provision of satellite positioning services aboard its fleet of specialist high-capacity vessels, Artemis Arctic, Artemis Atlantic, Polar Duke and Polar Duchess; the servi
ConocoPhillips Pays $18 Mln for Cancellation of Drilling Contract
In light of ConocoPhillips’ decision to suspend plans to drill offshore Alaska in the Chukchi Sea, the previously announced contract for the newbuild jack-up rig Noble Houston Colbert, has been terminated by the U.S. oil company effective immediately. Per the terms of the contract, ConocoPhillips wi
Piper 25: Lord Cullen to Stress Importance of Strong Leadership in Offshore Safety
Lord Cullen, the man who led the Public Inquiry into the Piper Alpha disaster will stress the importance of strong leadership in how safety is managed offshore, at a major three-day conference this summer. Twenty-five years after the world’s worst offshore disaster, which claimed the lives of 167 me
Myanmar Invites Bids for 30 Offshore Licences
The Ministry of Energy of the Republic of the Union of Myanmar on Wednesday announced Invitation of Sealed Bids for Petroleum Operations to be conducted in Myanmar Offshore Areas. The ministry has offered 30 offshore blocks. “The petroleum operation shall be conducted on production sharing basis and
Santos’ Chairman Steps Down (Australia)
Australia’s oil and gas company Santos today announced that Peter Coates will retire as Chairman at the Annual General Meeting on 9 May 2013. He will be succeeded by Ken Borda, who has been a non-executive director of Santos since 2007. Coates will remain a non-executive director to ensure an orderl
Woodside Shelves Browse LNG Development Project (Australia)
Australia’s Woodside has completed its technical and commercial evaluation of the proposed Browse LNG Development near James Price Point in W. Australia and determined that the development concept does not meet the company’s commercial requirements for a positive final investment decision. A tender
Singapore’s Emas Wins New Contracts Worth $120 Million
Singapore’s Ezra Holdings Limited today announced four contracts totaling close to US$120 million. The contracts will be carried out in the Gulf of Mexico, West Africa and the Philippines. Ezra’s subsea services division, EMAS AMC, continued to win additional projects in the second quarter of 2013 w
Skansi Offshore Buys Havyard 833 L PSV (Norway)
Havyard Group has agreed on a contract with Skansi Offshore regarding delivery of a Havyard 833 L platform supply vessel. Skansi Offshore takes over the contract of newbuild 111, originally ordered by a different shipowner, a ship to be delivered in June 2013. The vessel is designed by Havyard Group