Discovery Offshore S.A. announced today that Hercules Offshore Inc. has on 8 August 2012 acquired 2,658,500 shares in Discovery Offshore at an average price of approximately NOK9.50 per share. Following the acquisition, Hercules Offshore holds 21,012,834 shares in the Company, corresponding to 32.1%
Providence Resources P.l.c., the Irish oil and gas exploration and production company, has, together with its partner Lansdowne Oil and Gas plc (“Lansdowne”), a new licensing option over five part blocks adjacent to the Barryroe oil field, by the Irish Department of Communications, Energy and Natura
Aberdeen-based subsea installation contractor Bibby Offshore is leading the way in saturation diving safety in the North Sea after recently carrying out fully successful evacuation trials. The trials involved mating a Self Propelled Hyperbaric Lifeboat (SPHL) from the company’s Diving Support Vessel
Deep Down, Inc., an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services has been successful in its proposal to a major international umbilical manufacturer for the manufacture, installation and commissioning of a portabl
Fenner’s wholly owned subsidiary, Fenner Norway AS, has today exchanged contracts to purchase 100% of the share capital of Norwegian Seals, a privately owned group of companies with operations in Norway and the UK. Norwegian Seals manufactures and distributes performance critical seals into the oil
Coda Octopus Group, Inc. has announced that following extensive and successful trials, Fugro Chance in Houston, Texas and Lafayette, Louisiana have purchased and rented a number of Coda Octopus real-time patented sonars, the Echoscope®, which have now been delivered. This is a pivotal sale for the E
A fire outbreak has been reported onboard the SeaRose FPSO, moored in the Atlantic, offshore Newfoundland, Canada. According to CBC, the fire broke out Tuesday evening in the FPSO’s pump room, but was quickly extinguished. No injuries have been reported so far. Furthermore, CBC reports that Husky En
Singapore’s KS Energy Limited has announced that its subsidiary, Atlantic Rotterdam Limited, will continue its existing bareboat charter contract worth up to EUR 3 million for its jack-up offshore accommodation rig Atlantic Rotterdam for another 6 months. This is an extension to the contract signed
GeoGlobal Resources Inc. yesterday announced as the Operator of the Myra-1 well, that there has been a stuck pipe incident while drilling the well which could not be released. “As we could no longer continue the drilling according to the original plan, after consultation with the partners, we decide
Global-leading energy production technology services company Proserv has recently secured two major contract wins worth in excess of £6 million, underpinning the company’s fast-evolving international footprint. The multi-million pound deals with two of the North Sea’s most foremost oil and gas opera
Aberdeen Harbour has recorded significant increases in traffic in the first six months of the year, as activity within the energy sector generally and the North Sea in particular continues to rise. Continued growth in the oil and gas sector was reflected in the increase in support vessels that used
Norway’s oil and gas company Statoil has decided to write off $336.2 million of investment and to hand back its 24 pct share in what is expected to be a giant gas development project, Shtokman, Reuters reports. The consortium formed in 2009, and named Shtokman Development AG, by Russia’s Gazprom, Fr
Burntisland Fabrications Ltd (BiFab) has secured a contract for the £1.4 billion ($2.18 billion) Cygnus Project which will develop the sixth largest gas field in the UK Southern North Sea. The contract covers the award of the design, procurement and construction of four jackets, complete with piles,
Bridge Energy ASA has announced that drilling of exploration well 34/6-2S has started. The well will target the Garantiana prospect which is located 30 km northeast of Visund A platform in the Norwegian North Sea. The well is being drilled by using the Borgland Dolphin semi-submersible drilling rig.
