Solstad Offshore ASA (SOFF), a Norway-based shipping company focused primarily on offshore oil & gas industry, has entered into an agreement with Subsea 7, under which Subsea 7 will acquire 50% of the CSV “Normand Oceanic” through purchase of shares in a single purpose company to be incorporated. “N
The Ministry of Petroleum and Energy Norway has announced the annual licencing round for mature areas on the continental shelf, comprising the predefined areas with blocks in the North Sea, the Norwegian Sea and the Barents Sea. The aim is to award new production licences in the announced areas in e
Coastal Energy Company , an independent exploration and production company with assets in Thailand, announces the results of the Bua Ban South A-02 and A-03 wells. The Bua Ban South A-02 well was drilled to a total depth of 8,275 feet TVD. The well encountered 8 feet of net pay in the Lower Oligocen
CTC Marine Projects, Ltd., a subsidiary of DeepOcean Group Holding AS, today announced the award of a major trenching contract for COOEC on the Liwan 3-1 Project in China located 350 kilometres offshore Shenzhen, China. CTC will be responsible for the trenching of approximately 174 kilometres of 30-
Norwegian Energy Company ASA (Noreco) has started the drilling of exploration well 7228/1-1 on the Eik prospect in the Barents Sea. The Eik-prospect in the PL 396 license is located northeast in the Barents-sea, 210 kilometres northeast of the North Cape, and about 75 kilometres east of the gas disc
Malaysian shipbuilder, Nam Cheong Limited, a specialist in Offshore Support Vessel (“OSV”) segment that focuses on the construction and engineering of complex, sophisticated and environmentally-friendly OSVs, yesterday announced the sale of three Anchor Handling Tug and Supply Vessels. It has, throu
Vroon Offshore Services (VOS), a shipping company established a century ago in the Port of Breskens, the Netherlands, took delivery of VOS Shine on Wednesday, March 28. The vessel was delivered from Fujian Southeast Shipyard in China and is the first of two subsea-support vessels (SSV) to be built a
Subsea 7 S.A. announced today the award of a SURF contract valued at approximately $175 million from ATP Oil & Gas (UK) Limited/Bluewater, the operator on the Cheviot Field, situated 120km East of Shetland. The Cheviot Field development will use a moored floating process facility which will import o
Subsea connector specialist, First Subsea’s automatic release clamp (ARC) connector technology for bend stiffeners has been used to successfully attach six Technip bend stiffeners for lift and production flexible risers, to the Glas Dowr FPSO in the Kitan oil field. Designed for riser and umbilical
Deep Down, Inc., an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today reported $2.1 million of net income for 2011, an improvement of $20.0 million over the same period in 2010. For 2011, Deep Down reported net income of
Oil & Gas UK says today that it is extremely concerned by the European Commission’s proposals for EU Regulation of offshore safety. “The Commission’s reaction to the Elgin incident and the safe evacuation of all personnel following the gas leak at the installation only serves to reinforce the concer
The total award would result in approximately $1.5 billion in revenue to FMC Technologies if all of the subsea equipment included in the agreement is ordered. The initial call-off has an approximate value of $900 million in revenue to FMC and includes 78 subsea trees.
Polarcus Limited, a seismic specialist headquartered in Dubai’s supersupertall skyscraper, the Almas Tower, today accepted delivery of Polarcus Amani seismic vessel. This is the seventh vessel for 3D seismic acquisition that has entered Polarcus’ fleet, so far. Polarcus Amani was constructed at Ulst
FAR Ltd plans to raise $15.04 million, to fund offshore oil and gas exploration in East Africa off the Kenya coast. The funds will be raised through a placement of 280 million shares at 4.3 cents per share to raise up to $12.04 million and a Share Purchase Plan of up to $3 million to […]
