Fossil Energy
Boskalis Secures Cash for Dockwise Acquisition and Future Investments
Following the announcement made Wednesday in which Boskalis announced its decision to make an all cash mandatory public offer for Dockwise shares at a price of EUR 18.50 per share, Boskalis today confirms that it has signed the agreements for the required debt financing. The credit facilities contai
PEMEX Considering Construction of Eight to Twelve New Jack-up Rigs
Emilio Lozoya Austin, CEO of Mexico’s state-controlled oil company PEMEX, has visited Keppel Fels shipyard in Singapore, where the company’s two jack-up rigs are under construction, said PEMEX in a press release issued on Wednesday. The rigs, of KFELS B Class jackup design, are scheduled for deliver
NCS Survey Buys Two AUVs (UK)
NCS Survey has expanded its growing autonomous underwater vehicle (AUV) fleet with the purchase of two Teledyne Gavia AUVs. These vehicles are the latest in the Gavia Offshore Surveyor series and are equipped with high-resolution side scan sonar, a multi-beam echo sounder, a sub-bottom profiler (SBP
ConocoPhillips’ 2012 Earnings Drop
ConocoPhillips today reported fourth-quarter 2012 earnings of $1.4 billion, or $1.16 per share, compared with fourth-quarter 2011 earnings of $3.4 billion, or $2.56 per share. Fourth-quarter 2011 reported earnings included downstream results prior to the separation of Phillips 66 on April 30, 2012.
Wood Group Kenny Clinches INPEX Abadi SURF (Indonesia)
Wood Group Kenny has been awarded an $8.6 million contract by INPEX Masela, Ltd. (INPEX), a subsidiary of INPEX CORPORATION, to carry out the front end engineering and design (FEED) of the major subsea production facilities for the Abadi LNG (liquefied natural gas) project in Indonesia. The Abadi LN
Production Starts from PSVM Project Offshore Angola
Angola’s PSVM offshore project, located in the north east sector of Block 31, some 400 kilometres north west of Luanda and operated by BP, has come on stream, the UK-based oil and gas giant today announced. Martyn Morris, Regional President of BP Angola said: “The PSVM start-up is the reward for man
The Underwater Centre Names Training Operations Manager (UK)
A UK-based commercial diver and ROV training facility, The Underwater Centre, has made a senior appointment to further strengthen links between the Centre and the offshore industry. James Ridgeway – formerly Subsea Training Manager at the National Hyperbaric Centre in Aberdeen – has been appointed T
New Senior VP of BP Russia Named
BP today announced the appointment of Michael Townshend as Senior Vice President – Russia BP Group, reporting directly to Bob Dudley, BP Group Chief Executive. Townshend, who is currently BP Regional President, Iraq will take up his new position from 1 March 2013. He has 32 years’ experience in BP w
Faroe Petroleum Confirms Gas Condensate Discovery at Rodriguez Well
Faroe Petroleum has announced that further results from the Rodriguez exploration well in PL475 (6407/1]6S) (Faroe 30%) have confirmed a significant gas condensate discovery in the Lower Cretaceous interval. The Rodriguez prospect is located in the APA 2007 license PL475 on the Halten Terrace in th
Aries Marine Orders Two PSVs from LEEVAC
LEEVAC Shipyards Jennings LLC, Jennings, LA, has signed contracts with Aries Marine, Inc of Lafayette, LA to build two LEEVAC Design Services “LDS” 270 DE PSV, a 270’ x 56’ x 21.5’ diesel electric PSV. “We are very excited to have this opportunity to begin this partnership with a company like Aries
Damen Presents New AHTS Design
The Netherlands-based Damen Shipyards Group has introduced its newly designed Damen AHTS 200, a versatile deepwater Anchor Handling Tug Supplier able to operate in water depths in excess of 3,000 m. The AHTS 200 is the latest addition to the ongoing Damen Offshore Series. Following the company’s amb
Karoon Eyeing New Rig for Kangaroo Appraisal
Karoon Gas Australia today announced that at 6:00 hours Brazilian time on 30th of January 2013, wireline evaluation of the Kangaroo-1 discovery well in the Santos Basin, off Brazil, was nearing completion. When the current wireline program is complete, the Blackford Dolphin rig will finish at the Ka
Morocco Approves Foum Draa Farm-Out
Following San Leon’s announcement of the farm-out agreement with Cairn Energy Plc on 28 August 2012, San Leon today announced that all parties have now received full Moroccan Authorities approval of the assignment of interest in the Foum Draa farm-out agreement. Cairn has now assumed operatorship of
Iran: Offshore Jacket Sinks in Persian Gulf
Iranian company Pars Oil & Gas is working to recover a platform jacket that sunk on Tuesday in the Persian Gulf. Mehr reported that the jacket, which was being installed to support a natural gas platform, as a part of phase 13 of South Pars Project, plunged to a depth of 80 metres. Bad weather [&hel