Norway’s Statoil has awarded Songa Offshore with contracts for two newbuild “cat D” semisubmersible rigs. This award follows the agreement of July 2011 between Songa Rig AS and Statoil for the first two cat D rigs. The contract period is for eight years with an aggregated value of USD 2.66 Billion,
On the 23rd of February the Trans Adriatic Pipeline started a nearshore survey north of Vlore in south-eastern Albania. The purpose is to collect samples of the seabed soil near the Albanian coast along the planned route of the natural gas pipeline, which plans to bring Caspian gas to southern Italy
Dana Petroleum plc (‘Dana’), a subsidiary of Korea’s KNOChas reached an agreement with Hess Corporation to acquire Hess’ 28.3% interest in the Bittern field, increasing Dana’s share to 33%. As a result of the transaction Hess will resign the affiliated operatorship of the Triton floating production,
Havyard Group AS has sold yet another Havyard 832 design, the 15th of its kind. Yesterday, Vestland Offshore ordered a PSV vessel, with an option for one further delivery. The first vessel to be constructed is of a Havyard 832 L design, whereas the optional ship is of a Havyard 833 design. Both vess
Singapore based Sembcorp Marine reported full year net profit at $752 million amid a volatile and uncertain macroeconomic environment that affected the global markets. Group net profit was 13% lower than in 2010 with earnings per share at 36.13 cents. Return on equity was 30%. Group turnover at $3,9
International FPSO moorings and marine engineering services business, Sigma Offshore, has added new impetus to its growth plans by appointing an experienced industry figure to head up one of its key service areas. Geir Eik has become Vice-President Internal Turret Systems at Aberdeen-headquartered S
Deep Sea Supply has secured long term contracts with Petrobras for the four Anchor Handling Tug Supply vessels Sea Fox, Sea Jackal, Sea Vixen and Sea Stoat. The vessels will work for Brazilian oil giant Petrobras. The contract periods are 4 year firm plus 4 year option for all the vessels. Total net
Malaysia’s Kencana Petroleum Berhad yesterday announced that it had received a contract for the engineering, procurement and construction (EPC) of offshore facilities from Murphy Sarawak Oil. The contract includes provision of engineering, procurement and construction of substructures, template and
Helix Energy Solutions Group, Inc., reported net income of $16.8 million, for the fourth quarter of 2011 compared with a net loss of $49.8 million, for the same period in 2010. Net income for the year ended December 31, 2011 was $129.9 million, compared with a net loss of $127.1 million, for the yea
A groundbreaking new vehicle that will enable subsea inspection of remote and challenging locations in the offshore oil and gas industry, including areas under ice and areas damaged by hurricanes, will come under the microscope at the Subsea Australasia Conference. The Autonomous Inspection Vehicle
SEACOR Marine has reached an agreement with Superior Energy Services L.L.C. to purchase 18 liftboats for $134 million plus working capital. The transaction is expected to close by the end of March 2012, subject to regulatory approvals. All of the liftboats are currently located in the U.S. Gulf of M
Karoon Gas Australia Ltd’s 2012 drilling campaign is expected to commence during the first week of March 2012 when the “Transocean Legend” drilling rig is mobilised by the Karoon/ConocoPhillips Joint Venture from the port of Dampier. A minimum of five wells will be drilled during the exploration pro
Alexey Miller, Chairman of the Gazprom Management Committee reported today to Russian President Dmitry Medvedev on the progress with the South Stream project. “It is a very timely project. Besides the evident growth in gas transit reliability, it will considerably enhance our capabilities to flexibl
Offshore Energy, Exhibition & Conference, introduces the Offshore Wind Zone at the fifth edition of the event, taking place on Tuesday 23 and Wednesday 24 October 2012, Amsterdam RAI, The Netherlands. Offshore Energy is the only annual event in The Netherlands dedicated to offshore energy, and the f
