Fossil Energy
Steel Cutting for Jackson Offshore’s New PSVs (USA)
A steel cutting ceremony for two new platform supply vessels yesterday took place at BAE Systems’ Heckscher Drive shipyard in Jacksonville, Florida, Jacksonville Business Journal has reported. The vessels, that will serve offshore drilling operations, are being built for Jackson Offshore Operators.
Rowan’s COO Promoted to President
Rowan Companies plc, a U.S.-based provider of drilling services, announced yesterday that Thomas P. Burke, the Company’s current Chief Operating Officer, has been promoted to President. He will remain as the Company’s Chief Operating Officer. W. Matt Ralls will continue to serve as the Company’s Chi
Ceona Hires GC Rieber Shipping’s Newbuild CSV
GC Rieber Shipping ASA has entered into a charter agreement with Ceona Services (UK) for its high capacity subsea newbuild for a fixed period of 5 years, with options for up to five years. The vessel will commence working for Ceona immediately upon delivery from Ulstein Verft in the first quarter of
Farstad to Sell Two AHTS Vessels to Ocean Yield (Norway)
Farstad Shipping ASA has, through its wholly owned subsidiary Farstad Supply AS, reached an agreement with Ocean Yield of a sale and leaseback of two AHTS. The vessels, both UT 731 CD design, are under construction at Vard Langsten in Tomrefjord (previously STX OSV Langsten) for delivery ultimo Marc
Atlantic Petroleum Gets Loan to Finance Exploration and Appraisal Ops in Norway
Atlantic Petroleum’s fully owned Norwegian subsidiary Atlantic Petroleum Norge AS has entered into a NOK 300MM bank credit facility with DnB to finance the Company’s growth plans in Norway. The 3 year facility is put in place to finance Atlantic Petroleum’s planned Norwegian exploration and appraisa
Shell Awards Draugen Service Contract to ABB
ABB, the leading power and automation technology group, has signed a service contract valued at $260 million for a period of 9 years with A/S Norske Shell to provide integrated service and support solutions for the Draugen offshore oil platform and the nearby Ormen Lange onshore gas processing plant
Baker Hughes: Int’l Offshore Rigs for February Up by 3 Year-on-Year
Baker Hughes Incorporated announced today that the international rig count for February 2013 was 1,275, down 4 from the 1,279 counted in January 2013, and up 71 from the 1,204 counted in February 2012. The international offshore rig count for February 2013 was 323, up 16 from the 307 counted in Janu
Icahn Pushes Transocean for $4.00 per Share Dividend
Carl Icahn, the world’s 26th richest billionaire according to the latest Forbes billionaires list, has, for the Transocean’s 2013 Annual General Meeting of Shareholders, submitted proposal for a dividend of $4.00 per share. Also, the Funds controlled by Icahn provided a notice of nomination of 3 dir
Production Resumes from Cormorant Alpha Platform After Oil Leak (UK)
Abu Dhabi National Energy Company PJSC (TAQA) has begun the process of restoring the flow of an estimated 80,000 barrels per day (bpd) of crude oil in the Brent pipeline system following a precautionary shutdown on Saturday 2 March. The pipeline system, which is operated by TAQA and runs through the
Karoon Assessing Its Browse Basin Options (Australia)
As part of a larger set of agreements, including the sale of two separate interests in Australia and a joint study agreement in China, ConocoPhillips has agreed to sell to Chinese National Petroleum Corporation (“PetroChina”) a 20% interest in the Browse Basin joint ventures covering exploration Blo
AGR Launches New Australian Division
Global oil and gas service provider AGR has significantly boosted its Australian business with the launch of a new division within the region and growth of its existing Perth-based offer. AGR’s new Subsea Project Management division enhances the company’s current service portfolio, which already inc
Statoil’s Johan Sverdurp Appraisal Well Confirms 14m Oil Column (Norway)
Norway’s oil giant Statoil has, by basic wireline logging, confirmed a 14 meter oil column in well 16/5-3, located in PL 502 in the Norwegian sector of the North Sea. The well is being drilled in the southern extension of the Johan Sverdrup area. Logging in the reservoir section is still in an initi
Pirates Kidnap Three Offshore Nigeria
Pirates have kidnapped three sailors from an offshore support vessel in Nigerian waters. The attack reportedly occurred Tuesday, March 5, in the Niger Delta. According to Reuters, the pirates have kidnapped the captain, chief engineer and second engineer from the Armada Tuah 22 Anchor Handling Tug.
CFO Leaves Heerema Fabrication Group
Dutch Heerema Fabrication Group (HFG) has announced that Arend Drenthe, Chief Financial Officer, and HFG have jointly decided to end their relationship with immediate effect. Arend Drenthe will continue his career outside the Heerema Group. “We want to thank Arend for his contribution to the company