Xcite Energy yesterday closed on the issue of US$10 million of unsecured Loan Notes to a fund managed by West Face Capital Inc. The funds will be used to provide contingency funding during the important Phase 1A work programme on the Bentley field. The Loan Notes have an initial term of 236 days and
Sembcorp Marine Ltd, through Jurong Offshore Pte Ltd’s wholly-owned subsidiaries has secured total contracts worth approximately US$4,032 million from Sete Brasil Participacǒes S.A. (Sete Brasil), for the design and construction of five drillships based on Jurong Shipyard’s proprietary Jurong Espado
India’s Cochin Shipyard Limite yesterday delivered an Anchor Handling Tug Supply Vessel (AHTS), “SCI Ahimsa”, to the Shipping Corporation of India Ltd, Mumbai (SCI). The 65.2 m x 16.0 m vessel is of AH03 type, designed by STX OSV, Norway. It is a modern AHTS equipped with Rolls Royce Brattvaag Water
Singapore’s Ezion Holdings Limited has secured a charter contract and a letter of intent to provide two additional Service Rigs to be used by multinational oil majors to support their oil & gas activities in the North Sea. The charter contract with a value of up to approximately USD 80 million over
Excelerate Energy has entered into a shipbuilding option agreement with Daewoo Shipbuilding and Marine Engineering (DSME) for the delivery of up to eight Floating Storage and Regasification Units (FSRUs) between early 2015 and early 2017. The agreement affords Excelerate, the world’s largest operato
Cuba’s state oil company, Cubapetróleo (Cupet) informed the communist country’s media that Catoche 1X well drilling offshore Cuba has been unsuccessful. The well drilled by a consortium consisting of Malaysia’s Petronas and Russia’s Gazprom has indeed encountered oil but, according to Reuters, the d
On Saturday July 28th, Kenz Cranes, The Netherlands-based provider of offshore lifting and hoisting solutions, successfully delivered the new build 30t rope luffing offshore pedestal crane. After final load testing, the Kenz crane has been transported and will be installed onto the Chevron Captain p
Cosalt Offshore, a provider of integrated lifting integrity solutions and lifeboat services to the oil and gas industry, has announced the appointment of Keith Mackie as new operations director. Mr Mackie joins the team at Cosalt Offshore with over 25 years operations management experience, having p
Artemis Atlantic concludes the acquisition of seismic data in Nordland IV and V on Tuesday 7 August. On Monday, the vessel acquired seismic data in areas 3 and 4. Before the acquisition ends on Tuesday, two lines will be acquired on the boundary between areas 2 and 3 (see map). The acquisition of se
Baker Hughes Incorporated announced today that the international rig count for July 2012 was 1,264, down 21 from the 1,285 counted in June 2012, and up 114 from the 1,150 counted in July 2011. The international offshore rig count for July 2012 was 286, down 19 from the 305 counted in June 2012 and d
Seamec Ltd. has informed Bombay Stock exchange that it has secured a charter deal with Leighton Welspun Contractors Pvt. Ltd. in India for the vessel Seamec III. The DP2 Saturation Diving Support vessel will be utilised for the ONGC Pipeline Replacement Project III for Season 2012 – 2013 and Season
Prosafe Rigs Pte Ltd, a wholly owned subsidiary of Prosafe SE, has signed an agreement to sell the accommodation jack-up Safe Esbjerg to a customer in South East Asia. Total proceeds amount to USD 55 million and are divided into two tranches. USD 38.5 million is payable within 60 days after closing,
Wood Group Kenny’s subsea and pipeline business J P Kenny has recently been awarded a $7.5 million contract by Apache North Sea Limited to provide subsea engineering services. The contract runs initially for 3 years with further options beyond this timescale. The agreement covers all of Apache’s Nor
GDF SUEZ as operator with partners Centrica and Bayerngas have announced sanctioning of the £1.4 billion ( $2.18 billion) Cygnus project to develop the sixth largest gas field in the UK Southern North Sea. GDF SUEZ (38.75%) will operate the field with partners Centrica (48.75%) and Bayerngas (12.5%)
