Fossil Energy
Palfinger Dreggen Supplies Cranes for 7 Drillships and One Platform
Palfinger Dreggen AS has been awarded a contract for the delivery of 28 cranes to Sembcorp Marine’s subsidiary Jurong Shipyard Pte. Ltd. The contract includes the supply of cranes for a total of seven drillships to Sete Brasil, scheduled for delivery between 2014 and 2017. Palfinger Dreggen AS has a
Antrim Announces Change in Management
Antrim Energy, an exploration and production company with interests offshore in the UK North Sea, Ireland and Tanzania announced that Doug Olson has provided notice of his retirement from the position of Chief Financial Officer of Antrim effective March 31, 2013. The Company’s management and Board o
Oceaneering Reports Record Earnings (USA)
Oceaneering International, Inc. yesterday, February 13, reported record fourth quarter and annual earnings for the periods ended December 31, 2012. For the fourth quarter of 2012, Oceaneering earned net income of $80.6 million, or $0.74 per share, on revenue of $780.9 million. During the correspondi
STX OSV to Build OSCV for Solstad Offshore (Norway)
Solstad Offshore ASA (SOFF) has entered into a new contract with STX OSV AS for building of a construction service vessel (CSV) of type OSCV 03. The vessel’s contract value is around NOK 600 million (USD 109 million) and it will be delivered during 2nd quarter 2014. SOFF has signed a 5 year firm cha
Gulf Capital Invests in Oil & Gas Services Company OCB (UAE)
Gulf Capital, one of the leading and most active private equity firms in the Middle East, announced that it has invested in a significant majority stake of OCB Oilfield Services FZCO(“OCB”), the leading Oil & Gas crew supply and related logistics provider in the Middle East, South East Asia and Afri
Seatronics Appoints Middle East Regional Manager
Seatronics Ltd., an Acteon company, has appointed Jeff Holtom as regional manager in the Middle East. Based in Abu Dhabi, Holtom’s responsibilities at Seatronics Ltd. will include sales and marketing, overall Quality, Health, Safety and Environment (QHSE) responsibility and general and management of
Iran Eyeing Early Production from Kish Gas Field
The first phase of Iran’s Kish gas field with the aim of early production will come on stream next Iranian calendar year that begins 20 March, managing director of the National Iranian Oil Company (NIOC), Ahamd Qalebani announced. “The Kish gas field is one of the most important NIOC’s projects,” he
Dana Petroleum: New Managing Director for Norwegian Activities
Aberdeen-based Dana Petroleum has announced the appointment of a new Managing Director for its Norwegian activities. Reidar Hustoft took up his new position on 1 February replacing John M Dahlen, who is retiring from the company. John was a co-founder of Ener Petroleum which was acquired by Dana in
Endeavour Halts East Rochelle Ops Due to Conductor Issues (UK)
Endeavour International Corporation today announced a drilling update on the East Rochelle well (15/27-E1y) in the U.K. Central North Sea. Following a severe storm lasting several days, the Company performed a routine inspection of the conductor, well head and blow out preventer systems using a Remo
DOF Subsea Hires ‘Harvey Deep-Sea’
DOF Subsea USA has entered into a long-term charter agreement with Harvey Gulf International Marine for the new build DPII Multipurpose Construction Vessel, the Harvey Deep-Sea. The four year charter agreement will commence upon delivery of the vessel from Easter Shipyard, Florida in June 2013. The
Ukraine Reapproves Vanco’s Black Sea Project
U.S. company Vanco has been given a green light to search for hydrocarbons in the Ukrainian sector of the Black Sea, the Kyiv Post yesterday reported. The Prykerchenska project, for which the company received the rights in 2006, was unilaterally cancelled by the previous government of Julia Tymoshen
2012 Was a Tough Year for SBM Offshore, CEO Says
SBM Offshore today reported a net loss for 2012 of US$ 74.9 million (2011 net loss of US$ 440.6 million). This result includes divestment profits, impairment charges, and other non-recurring items relating to the Yme and Deep Panuke projects which generated a net loss of US$ 473.4 million in 2012 (U
New Vessel and Contracts for GC Rieber Shipping (Norway)
Norway’s GC Rieber Shipping has entered into an agreement with Kleven Verft (“Kleven”) to build a new 22 streamer 3D seismic vessel with ice-class 1A*. The seismic company Dolphin Geophysical (“Dolphin”) has contracted the vessel for a fixed period of five years, and the high end vessel will enter t
Rosneft, ExxonMobil Bring Their Relationship to a New Level, Sechin Says
Rosneft and ExxonMobil have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include an additional approximately 600,000 square kilometers (150 million acres) of exploration acreage in the Russian Arctic and potential participation by Rosneft (or its affiliate)