Buccaneer Energy Limited advised that it was acquiring an interest in the Cosmopolitan Project (“Cosmo”). Cosmo was being jointly acquired with privately owned Fort Worth, Texas based BlueCrest Energy II, LP (“BlueCrest”) acquiring a 75% working interest, with Buccaneer acquiring a 25.0% working int
The high degree of reliability and performance expected from its offshore cranes has earned Cargotec orders from the wholly-owned subsidiaries of a Malaysian shipbuilding and vessel chartering group, Coastal Contracts Bhd. In March Cargotec has secured new orders for two 100-tonne active heave-compe
Polarcus Limited, a seismic specialist headquartered in Dubai’s supersupertall skyscraper, the Almas Tower, has received a Letter of Intent from an undisclosed client for two 3D seismic survey projects offshore Norway. According to the Letter of Intent the program should start in mid-May and is expe
The National Energy Authority Iceland announces that it has received three applications in the second licensing round for exploration and production of hydrocarbons on the Icelandic continental shelf. The companies that have submitted the applications are: Eykon (unregistered Icelandic company); Far
Bergen Group Fosen has been awarded a contract from Volstad Maritime AS for building a large and high end offshore vessel. The contract has an estimated value of NOK 750 million (USD 132 million), and this is the second contract awarded from the shipping company this year. The signed contract is sub
Sembcorp Marine’s subsidiary Jurong Shipyard has secured a US$568 million contract to build a harsh-environment ultra-deepwater semi-submersible rig from North Atlantic Drilling Limited, a 74 percent owned subsidiary of Seadrill Limited (“Seadrill”). The new rig will be constructed based on the Moss
Cairn announces the acquisition of Agora Oil & Gas AS (Agora) subject to regulatory approval, a private Norwegian company with non-operated, exploration, appraisal and development assets in the United Kingdom (UK) and Norwegian North Sea. The enterprise value of the proposed acquisition of Agora as
Spectrum, in partnership with the National Petroleum Corporation of Namibia (NAMCOR), has commenced a new project in the Luderitz basin following the successful completion of an extended 2D Multi-Client seismic survey covering the deep water Orange Basin, offshore Namibia. The Orange Basin program a
Rialto Energy Limited , provides the following weekly update on drilling operations at the Gazelle-P3 Well as at 06:00hrs, 1 April 2012 (GMT). The Gazelle-P3 well was spudded on 12 March 2012 using the Transocean GSF Monitor jack-up drilling rig. The well is the first of an overall three well drilli
Ensco plc announced today that it has entered into a five-year term drilling contract with BP for the new ENSCO DS-6 ultra-deepwater drillship at a rate of approximately $522,000 per day, plus cost adjustments. The contract adds more than $1 billion to Ensco’s revenue backlog. In addition, the contr
Eni, an Italian multinational oil and gas company has started production from the Marulk field in the Norwegian Sea, located about 80 km from the coast. The Marulk offshore field is the first ever field that Eni has directly operated in Norway and is part of the PL122 license held by Eni (20%) with
Huisman, the Netherlands-based specialist in lifting, drilling and subsea solutions, has secured a new contract from Allseas for the design and manufacturing of an 850mt Offshore Mast Crane. The crane will replace the current 300mt Offshore Mast Crane onboard Allseas’ pipelayer “Solitaire”, the larg
Hamworthy Oil & Gas Systems has secured a contract to supply its innovative LNG regasification technology for the third Höegh LNG Floating Storage and Regasification Unit (FSRU) under construction at Hyundai Heavy Industries. Working together with Sinopacific Offshore and Engineering (SOE) Wärtsilä
ANCAP, Uruguay’s state-owned petroleum company, has revealed the British companies BP and BG, the French company Total and the Irish company Tullow Oil as the winners of the Ronda Uruguay II licensing round
