Ezra Holdings Limited , a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, took decisive steps to fortify its balance sheet in anticipation for increased subsea demand. Ezra successfully placed out 110 million new shares at S$1.10 ea
RWE Dea Norge AS, a wholly-owned subsidiary of the German upstream company RWE Dea, has entered into an agreement with Wintershall Norge ASA to acquire 10 percent equity in production license (PL) 418 in the North Sea. RWE Dea is thereby further strengthening its position in the northern North Sea,
Following on from an order in April last year, Cargotec has won a contract for two active heave-compensated (AHC) offshore cranes from the privately-owned Norwegian specialist operator, Volstad Maritime. The two cranes, a 250-tonne MacGregor AHC subsea crane and a 15-tonne MacGregor AHC offshore cra
American Society of Mechanical Engineers, ASME, has decided to recognize Mr. Charlie, the first transportable oil drilling rig to be deployed offshore for historic significance. ASME wil name Mr. Charlie a Historic Mechanical Engineering Landmark at a ceremony to be held March 17, 2012, in Morgan Ci
Cyprus-based Prosafe, the world’s leading owner and operator of semi-submersible accommodation/service rigs, has received a Notice of Award for a minimum nine-month contract by Shell Philippines Exploration B.V. (‘SPEX’) for the use of the Safe Astoria unit. Shell will use the Safe Astoria for accom
Norway’s shipbuilding company, Kleven Maritime, focused on fitting out and delivery of specialised vessels, has ordered a subsea crane from TTS Energy As. The contract value is estimated at NOK 65 million (USD 11.3 million) with the delivery scheduled for May 2013. Kleven will have an option to orde
Leighton Offshore recently announced that following the successful hydrostatic testing of the onshore and offshore pipeline systems and subsequent final commissioning of the offshore export facility, crude oil was now flowing to a single point mooring (SPM) installed under the $799m Iraq Crude Oil E
McDermott has awarded a major contract to Thrustmaster of Texas to upgrade its Derrick Barge DB30 with dynamic positioning capabilities (DP-2). Thrustmaster of Texas will provide McDermott with a turnkey DP solution for its heavy-lift and pipelay vessel which will include eight 2,000hp retractable h
Seadrill has signed a contract with Saudi Aramco for employment of the jack-up rig West Callisto offshore Saudi Arabia. The contract duration is a minimum of three years plus an option for a one year extension. The potential revenue for the three year period is approximately US$164 million plus a US
BMT ARGOSS, a subsidiary of BMT Group, the leading international maritime design, environmental and engineering consultancy, has recently been awarded a number of projects in Southeast Asia including metocean studies for Petronas Carigali Sdn Bhd and its offshore development, east of Sabah in Malays
Anadarko Petroleum Corporation today announced the results of its first flow test offshore Mozambique. The Barquentine-2 well flowed at an equipment-constrained rate of 90 to 100 million cubic feet per day (MMcf/d), with minimal pressure drawdown, providing confidence in well designs that are capabl
TETRA Technologies, Inc. has acquired Optima Solutions Holdings Limited (“Optima”) for GBP 40 million (approximately $62.7 million equivalent) plus contingent consideration to be paid in the future depending on profitability. Optima is a leading provider of rig cooling services and associated produc
Drydocks World, international player in ship repair and rig upgrade, conversion and new building, announced that it will build the world’s largest turret weighing 11,500 tonnes for SBM Offshore, a pioneer in the offshore oil and gas industry, at its world-leading Dubai based shipyard. The turret wil
Brazil’s state controlled oil company, Petrobras, announces that the second well drilled after the signing of the Transfer of Rights Agreement with the ANP confirmed the discovery of good quality oil in the area called the Northeast Tupi, pre-salt Santos Basin. Petrobras said that the oil colum disc
