Fossil Energy
Standard Drilling Completes Sale of Jack-Up Rig to Mexican Client
SD Standard Drilling Plc, has today completed the sale of its Jack-up Drilling Rig hull no B337 to CP Latina. The under-construction KFELS B Class jack-rig has been sold to the Mexico-based CP latina for a total consideration of USD 222.5m. “The sale of B337 will reduce the future capital investment
Apache’s 4th Marathon Well to Come on Stream Within a Month (USA)
Apache Corporation’s fourth development well on the Marathon gas/condensate field, located in the shallow waters of the Atchafalaya Bay along the Louisiana Gulf Coast, USA, which spud on 22 October 2012, has reached a total depth of 18,650 feet (5,686 metres). Wireline logging has been concluded, an
Sevan Drilling Raises $179 Mln Through Private Placement (Norway)
Norwegian drilling contractor Sevan Drilling has raised NOK 987.5 million (approx. USD 179 million) in gross proceeds through a private placement of 250,000,000 shares, each with a par value of NOK 1 at a price of NOK 3.95 per share (the “Private Placement”). The Private Placement was oversubscribed
Daewoo Orders Alfa Laval Heaters for FPSO (South Korea)
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order from the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) to supply Alfa Laval Aalborg heaters to a floating production, storage and offloading vessel (FPSO) which will be
Jurong Shipyard Restores Tilted Rig to Upright Position (Singapore)
Singapore’s Jurong Shipyard has successfully restored and floated the jack-up rig that tilted on 3 December 2012 to its original upright position following planned recovery and restoration operations on 14 January 2013. Following the successful restoration of the Noble Regina Allen jack-up rig to it
Pura Vida Enters PSC for Nkembe Block Offshore Gabon
Pura Vida Energy NL has been awarded an 80% interest in a Production Sharing Contract for the Nkembe block, offshore Gabon (“Nkembe PSC”). Pura Vida will be Operator under the Nkembe PSC with the State of Gabon holding a 20% carried interest. The Nkembe PSC was executed at a signing ceremony attende
Exxon Hires Eirik Raude for Drilling Offshore Ireland
Ocean Rig UDW Inc., an international offshore drilling contractor, announced today that it has signed definitive documentation, following the previously announced Letter of Intent, for one of its semi-submersible drilling rigs, the Eirik Raude, with an oil major. The drilling contractor did not reve
PEMEX Orders Offshore Production Platform from McDermott (Mexico)
McDermott International, Inc. announced today that one of its subsidiaries has received a letter of award for a turnkey contract for the PB-Litoral-A production platform for PEMEX Exploracion y Produccion in the Litoral Tabasco Tsimin-Xux fields. The value is approximately US$230 million and will be
Chariot Wraps Mauritania Seismic
Chariot Oil & Gas Limited, the Africa focused oil and gas exploration company has completed its 3500 km2 3D seismic acquisition programme in Block C19 offshore Mauritania. The survey was contracted to and carried out by Fugro-Geoteam AS and targeted an area in the South Western section of the block.
Carl Icahn in Transocean Swoop
Carl Icahn, the world’s 50th richest person, has bought a 1.56% stake in the world’s largest offshore drilling contractor, Transocean. Ichan,76 , who is, according to Forbes, worth 14,8 billion, has also informed the Swiss-based rig owner that he intends to acquire more shares of Transocean in an am
Maersk Oil Hires Intertek for $3 Mln UK Work
Intertek, the global provider of quality and safety services, has secured work with Maersk Oil UK worth £3 million to provide offshore chemists and onshore laboratory analysis support. The three year contract has the option for two one year extensions and will see Intertek provide offshore chemists
Babcock Bags Subsea Structures Contract for Quad 204 Project (UK)
Babcock is to manufacture and deliver over 70 subsea structures as part of the major Quad 204 offshore redevelopment project, some 130km west of Shetland, UK, under a £30m+ contract awarded by BP. The complex and highly technical Quad 204 project consists of a new Floating Production System Offshore
TAQA’s Cormorant East Field Produces First Oil (UK)
Antrim today announces that first oil production has been achieved from the Cormorant East Field in UK Northern North Sea Block 211/22a Contender Area (the “Contender Block”, Antrim interest 8.4%). The initial production rate is approximately 5,500 barrels of oil per day (net Antrim approximately 46
RINA Supports Tasneef Development (UAE)
International classification society RINA Group has been chosen as the International Association of Classification Societies (IACS) partner to support the development of Tasneef, a new classification society for the United Arab Emirates. Emirates Classification – Tasneef has been established in Abu