Fossil Energy
Boskalis Now Holds 40% Shares in Dockwise
Royal Boskalis Westminster N.V. (“Boskalis”) announces that it has acquired 182,654 shares in Dockwise in the course of trading yesterday. All these shares were acquired through Euronext Amsterdam and were purchased at an average price of EUR 18.50 per share with a maximum price of EUR 18.50 per sha
Russia, Venezuela Ink MoU for Offshore Exploration
On January 29-30, Igor Sechin, President and Chairman of the Management Board at Rosneft, led a Russian delegation comprising representatives from INTER RAO UES, RusHydro, Uralmash NGO Holding and Kamaz, as well as Russian bankers and businessmen, on a working visit to Venezuela. The head of Rosneft
BCP Spuds Third Balai Cluster Well (Malaysia)
ROC advises that BC Petroleum Sdn Bhd (“BCP”), the company incorporated to operate and manage the Balai Cluster Risk Service Contract (“RSC”) in Malaysia, commenced drilling the Spaoh-2 well at 1930 hours (Malaysian time) on 31 January 2013. The Spaoh-2 well is the third well in the pre-development
Safe Caledonia Refurbishment Successfully Finished (Poland)
At the turn of first and second quarters 2012, the Prosafe-operated Safe Caledonia accommodation rig came to the Remontowa SA, for a major refurbishment. After successful upgrades and conversions of offshore platforms accomplished by “Remontowa” in previous years, with semi-sub accommodation unit (S
Fairfield Energy Names New CEO (UK)
Fairfield Energy, the North Sea focused independent Oil and Gas Company, announced the appointment of David Peattie as CEO effective March 1st 2013. David Peattie, B.Sc (Hons.) M.I.M.M. C. ENG, has spent thirty four years working for BP in a wide range of both technical and executive positions. He j
Apache Extends Varanus Island Contract with AGC (Australia)
AusGroup Limited subsidiary AGC Industries Pty Ltd (“AGC”), a leading Australian based construction and fabrication company today announced it has been awarded an extension of their existing contract with Apache Energy Limited for ongoing works on Varanus Island and associated offshore facilities. V
COSL Capex Could Reach $996 Mln in 2013 (China)
China’s COSL has announced that it expects that its capital expenditure for 2013 will be between 4 billion yuan and 5 billion yuan (equivalent to approximately USD 643 million and USD996 million). The Beijing-based company said it would spend the funds on COSLProspector, 3000 horsepower module rig,
Farstad Takes Delivery of Far Spica PSV
Platform Supply Vessel “Far Spica” has been delivered from STX OSV Langsten to Farstad Supply AS, a wholly owned subsidiary of Farstad Shipping ASA. The vessel will start a 9-month charter contract with Statoil to support their drilling campaign on the coast of East Africa. A long-term facility has
OSX Celebrates One Year of Oil Production from OSX-1 FPSO (Brazil)
Brazil’s OSX, an offshore and shipbuilding company of the EBX Group, celebrated today (January 31st) one year of operations of its first offshore production unit, the FPSO OSX-1. The vessel produced OGX´s first oil in January 2012 and is operating at the Tubarão Azul field located in the shallow wat
VIDEO: Shell CEO Comments on 4Q 2012 Results
Royal Dutch Shell plc today released its fourth quarter and full year results and fourth quarter interim dividend announcement for 2012. Royal Dutch Shell’s fourth quarter 2012 earnings, on a current cost of supplies (CCS) basis , were $7.3 billion compared with $6.5 billion in the same quarter a ye
PETRONAS Launches MISC Takeover Offer (Malaysia)
Malaysia’s oil company Petroliam Nasional Berhad (“PETRONAS”) today announced that it has issued a Notice on conditional takeover offer to MISC’s Board of Directors for the remaining 1,666,333,303 shares in MISC which it does not hold for a cash offer price of RM5.30 per share. The Offer is conditio
Bourbon Offshore Takes Delivery of New PSV (Norway)
The platform supply vessel Bourbon Rainbow, yno DH1004 at Zhejiang Shipbuilding Co. Ltd. was delivered on 30 January 2013. Bourbon Rainbow is the fourth and final in a series of platform supply vessels of ULSTEIN’s PX105 designs to Bourbon Offshore Norway from this yard. The ship has a length of 88.
ANRE Launches Offshore Production Test (Japan)
The Agency for Natural Resources and Energy (ANRE) will conduct the world’s first offshore production test to dissolve methane hydrate and extract natural gas off the coast of Japan, from Atsumi Peninsula to Shima Peninsula (Daini Atsumi Knoll). To conduct the offshore production test, the Deep Sea
Ferguson Group Strengthens Middle East Foothold
The Ferguson Group, specialists in the rental of equipment to the offshore energy industry, has announced the launch of its new Ferguson Middle East Abu Dhabi division. Ferguson Middle East LLC, based in Abu Dhabi, will support the Ferguson Group’s increasing presence in the Middle East that saw the