South Korea’s Daewoo Shipbuilding & Marine Engineering Co., Ltd, the world’s second largest shipbuilder, has announced today on the Korea Exchange that it has received an order to construct 5 drilling rigs. The order, which comes from a large-scale company, is estimated at $1.95 billion. The rigs, d
ABS, one of the world’s leading classification societies, has signed a letter of intent for cooperative research and development projects with the South China University of Technology (SCUT) through the ABS China Offshore Technology Center (COTC) in Shanghai. ABS Vice President of Offshore Technolog
The world’s largest heavy lift vessel called at the Port of Tyne to pick up a number of offshore modules from IHC Engineering Business (IHC) based at the Port. The MV Lone, owned by shipping company SAL of Germany, together with sister ship Svenja, is the most powerful heavy lift ship in the world.
Silvermere, the independent oil and gas company focused principally on appraisal and production opportunities in the US, has announced further progress with the tie-in of the I-1 well in its Mustang Island 818-L Field. The pipeline installation was completed on 10th August 2012 and the sub-sea tie-i
Songa Offshore, a Cyprus-based drilling contractor has reported a profit for the second quarter of 2012 of USD 10.6 million. Operating revenue for the second quarter was USD 151.2 million. This includes mobilization and demobilization revenue of USD 2.5 million. Total expenses for the second quarter
TGS announces a 3D multi-client seismic survey, Honeycombs, which covers 2,500 km2 over the Exmouth Plateau in the Northern Carnarvon Basin, offshore NW Australia. The survey is located over acreage with 50% relinquishment due in February 2013 and is adjacent to the previously announced NW Australia
Searcher Seismic together with project partner Dolphin Geophysical have completed acquisition of the Gulspurv 3D high resolution seismic data. The Fast Track Cube (FTC) preliminary processed data from the survey shows excellent resolution with good shallow structure illustrating the exciting new pro
ATP Oil & Gas, a Gulf of Mexico focused operator, on Friday, August 17, filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. ATP has taken this action in order to undertake a comprehensive fina
Santos, one of Australia’s largest gas producers, today reported a net profit of $262 million after tax for the half-year ended 30 June 2012. The headline half-year result is lower than the corresponding period which included gains on asset sales of $246 million. Underlying net profit of $283 millio
DNO International, an oil and gas company headquartered in Norway, has announced that the company has been working vigorously to bring the West Bukha field in Oman’s offshore Block 8 to production. In Block 8 located in the Strait of Hormuz, DNO has addressed a blockage since late March in the 12-in
Premier Oil, a UK based independent oil and gas exploration and production company, has announced that the Chim Sao North West appraisal well, CS-3X, in Vietnam Block 12W has reached a total depth of 4,235 metres. The well has been plugged and abandoned after encountering oil shows in the Middle Dua
Only a week after spudding the Geitungen exploration well in production licence 265, offshore Norway, Statoil has informed it has encountered oil in the area. Statoil spokesman Ola Anders Skauby told Reuters: “I can confirm oil has been encountered and a drilling core sample has been recovered … (bu
The Petroleum Safety Authority Norway (PSA) carried out an audit of emergency preparedness on the mobile living quarters facility Safe Scandinavia during the period 18-20 June 2012. The objective of the audit was to verify the facility’s emergency preparedness organisation, equipment and systems tha
Finnish shipyard Arctech has said it will finalize Arctic offshore supply vessel Vitus Bering four months ahead of schedule. The vessel will be delivered 18 December. Initially, the vessel was to be delivered in April 2013. The shipyard is building two identical offshore icebreaking supply vessels f
