Fossil Energy
Scana Enters OSVs Propulsion Delivery Agreement in USA
Scana Industrier ASA has through its subsidiary Scana Volda AS, entered into an agreement with VT Halter Marine, Inc, Pascagoula, Mississippi, USA, for delivery of the main propulsion systems and controls for two (2) offshore supply vessels (“OSV”). The deliveries will take place second half 2013. T
Bareboat Charter Agreement for CSV North Ocean 102 Signed
Oceanteam Shipping ASA has signed a bareboat charter agreement with a subsidiary of McDermott for Construction Support Vessel North Ocean 102. The CSV North Ocean 102 bareboat charter has a firm period lasting until 1 August 2015, plus 2 x 1 year options. Oceanteam Shipping ASA owns 50 % of CSV Nort
SOFEC Bags Tower Yoke Mooring System Contract (Indonesia)
MODEC, Inc. announces the award of a Tower Yoke Mooring System by Höegh LNG to its subsidiary, SOFEC Inc. The Tower Yoke will provide a permanent mooring for the FSRU, 20 km offshore south east Sumatra, in a water depth of 23 meters. The system includes a Swivel Stack assembly and riser piping to ex
BP Divests Stake in Sean Field for $288 Mln (UK)
BP announced today that, as part of its decision to market its stakes in non-operated North Sea assets, it has agreed to sell its interest in the Sean gas field in the UK North Sea to SSE plc for $288 million in cash. The sale comprises BP’s non-operated 50 per cent stake in Sean. Completion [&helli
Dockwise: Boskalis’ Offer Still Not Good Enough
Dutch heavy lift and transportation specialist Dockwise Ltd said today it has taken notice of this morning’s release on the agreement between Boskalis Westminster NV (“Boskalis”) and Project Holland Fonds whereby the latter has committed to sell their shares in Dockwise for a price of Euro 18 per sh
Lundin Hires Rem Leader Platform Supply Vessel (Norway)
Rem Offshore ASA has entered into a charter agreement with Lundin Norway AS for the PSV vessel “Rem Leader”. The vessel is of VS 499 LNG design. The vessel will be delivered from Kleven Verft AS on 3(rd) January 2013. The firm contract period is 5 or 6 wells, estimated to approx 500 days. In [&helli
Gazprom Keeps Shtokman Going (Russia)
Russian natural gas giant Gazprom will continue implementing the Shtokman field development project, the company said in a press release. Design and exploration work is underway within the project Phase 2 and Phase 3. Front-end engineering and design (FEED) documents for the offshore facilities have
Eni CEO Presents $8 Bln Investment Plan to Libyan Officials
Libyan Prime Minister Ali Zidan, the Libyan Minister of Petroleum Abdelbari al Arusi, and Eni’s CEO Paolo Scaroni, met yesterday in Tripoli to discuss Eni’s activities and future projects in the country. During the meeting Paolo Scaroni presented an investment plan worth $8 billion for the developme
Works on Endeavour Jack-Up Rig Almost Done, Buccaneer Energy Says (USA)
Buccaneer Energy Limited has an update on the “Endeavour – Spirit of Independence” jack-up rig and Buccaneer’s offshore Alaskan projects in the Cook Inlet. The Endeavour is owned by Kenai Offshore Ventures, LLC (“Kenai Offshore”), which is a joint venture between Buccaneer, Singapore based Ezion Hol
Boskalis Increases Dockwise Offer (The Netherlands)
Boskalis today reconfirms its intention to make an all cash voluntary public offer for all the issued and outstanding ordinary shares (the Shares) of Dockwise (the Offer). The Offer will be made in Euros at an offer price of EUR 18 per Share (cum dividend), which is an increase of 80 euro cents rela
Sevan Marine FPSO Technology Selected for Western Isles Development
Dana Petroleum, on behalf of the Western Isles license partners, has today signed two agreements with Sevan Marine for the application of a Sevan FPSO for the development of the Western Isles project: A Technology License Agreement granting rights to use Sevan Marine’s patented technology for the cy
Dana Petroleum Gets Approval to Delevop Harris and Barra Oil Fields (UK)
The Department of Energy and Climate Change has approved the Western Isles project which will develop two discovered oil fields called Harris and Barra in the Northern North Sea, 160km east of the Shetlands and 12km west of the Tern field. The nine-well Western Isles development is expected to produ
No Oil at Lotos’ Skagen Prospect (Norway)
The Polish energy company LOTOS Exploration & Production Norge is about to complete drilling operations on the Skagen prospect, its first operated exploration well on the Norwegian Continental Shelf. No hydrocarbons were encountered, and the well will be plugged and abandoned as a dry well. Explorat
TGS, Dolphin Sign LoI for Sanco Swift Charter
Norway’s seismic acquisition specialist TGS announces that it has signed a Letter of Intent with Dolphin Geophysical AS to charter the 16 streamer new build vessel, M/V Sanco Swift, for 3D multi-client projects in Europe during the 2013 summer season. The charter will begin in July and last for appr