Rialto provides the following update on the drill stem testing of the Gazelle-P3 ST2 well announced on 25 June 2012. Following the successful completion of wireline logs, vertical seismic profiling and sidewall coring operations on the Gazelle-P3 ST2 well, the drill stem testing programme has commen
Cyprus-based SD Standard Drilling Plc (“Standard Drilling”) has entered into a final SPA for the sale of one rig (B325) under construction for a total consideration of USD 213,5m. The buyer is Arabian Drilling Company, a company incorporated in Saudi Arabia. The sale of the rig will give an estimate
Fairstar Heavy Transport N.V., a provider of high-end ocean transportation services, announced today that it intends to issue up to USD 335 million of five-year, senior secured debt securities in a private placement not registered under the U.S. Securities Act of 1933. The proceeds of the proposed o
Greatship Global Offshore Services Pte. Ltd. (GGOS), a Singapore-based arm of Greatship (India) Limited (GIL), has taken delivery of a Platform/ROV Support Vessel, GREATSHIP ROOPA, from Colombo Dockyard Plc, Sri Lanka. Greatship Roopa is a DP2 vessel, capable of supporting offshore exploration and p
Norway’s Statoil , operator of production licence 552, is in the process of completing the drilling of wildcat well 34/7-35 S. The well was drilled about 4 kilometres east of the Tordis field in the Norwegian sector of the North Sea. The objective of the well was to prove petroleum in Upper and Midd
Rockhopper, the North Falkland Basin oil and gas company, has entered into a conditional farm-out agreement with Premier Oil plc (“Premier”), regarding the Company’s interests in its petroleum licences in the North Falkland Basin The agreement provides Premier with a 60 per cent interest in all of R
Petrobras has discovered a new oil accumulation (15° API) in the post-salt layer of the Espírito Santo Basin. It lies within the BM-ES-24 concession (Block ES-M-661), 58 km off the coast of Vitória, capital of Espírito Santo state. The discovery was made during the drilling of the Grana Padano well,
Ensco plc (NYSE: ESV) announced that Chief Financial Officer James W. Swent III has been promoted to Executive Vice President effective immediately with expanded responsibilities. Mr. Swent has been Senior Vice President – Chief Financial Officer since 2003. “Jay has played a critical role in our tr
Poland’s oil and gas company Lotos has informed that Yme MOPUstor platform, located in the Norwegian part of the North Sea was evacuated, Reuters reports. Lotos, which owns 20% stake in the Yme field, said it was awaiting further update from Talisman Energy, the operator of the platform. The problem
Aberdeenshire-based oilfield service company ROMAR International has expanded its product range with the launch of a new swarf recovery unit, as a result of more than doubling investment in research and development (R&D). To ensure it can respond to the future increased demands of the offshore well
French oilfield services provider Technip has received a Letter of Intent for the world’s largest Spar hull for the Aasta Hansteen field development, offshore Norway Technip received a Letter of Intent from Norway’s supermajor Statoil for their Aasta Hansteen (previously named Luva) field developmen
Global Offshore Services Ltd has informed the Bombay Stock Exchange that its Dutch subsidiary Global Offshore Services B. V. has acquired an Anchor Handling Tug cum Supply Vessel (AHTSV). The vessel is a 60 Ton AHTSV built in August, 2009, having FIFI 1 and DP1 capabilities. The company did not reve
Keppel Offshore & Marine Ltd has, through its Brazilian subsidiary Keppel FELS Brasil, been awarded a contract by MODEC and Toyo Offshore Production Systems Pte Ltd (MTOPS), to construct topsides for an FPSO. The contract, estimated at USD 200 million, encompasses the fabrication and integration of
The Danish Energy Agency yesterday granted Nord Stream permission to operate the second of its twin pipelines that will transport natural gas from Russia to Europe. The permit to operate the first pipeline was granted a year ago, in July 2011. The operations permit was granted as Nord Stream has met
