Solstad Offshore ASA (SOFF) has through its subsidiary Solstad Offshore Asia Pacific Ltd in Singapore been awarded several new contracts. Nor Spring (AHTS / 2008 / 8.000 bhp) is contracted to Saipem Singapore for a firm period of 180 days with charterers option to extend for a further 120 days. Comm
The offshore construction vessel, Island Intervention, of the SX121 design from ULSTEIN was named today. Shipowner Island Offshore has great expectations for the new vessel, which will carry out advanced operations in the Norwegian Sea this autumn. Island Offshore is a world leader within light well
Shipping Corporation of India, the country’s largest shipping firm by fleet size, will hive-off its offshore business into a separate … Source: economictimes [mappress] Source: economictimes, August 12, 2011.
African Petroleum Corporation Limited commenced drilling its first exploration well in Liberia on 8 August 2011 with the Maersk Deliverer semi-submersible deepwater drilling rig. The Company has a 100% interest in Blocks LB-08 and LB-09 and is fully funded for a further 5 additional exploration well
Bahamas Petroleum, the oil and gas exploration company with offshore license permits in The Commonwealth of The Bahamas, announces that Dr Paul Crevello, Chief Executive Officer, has resigned with immediate effect for personal reasons. Following this resignation, Alan Burns, Non-Executive Chairman a
Solstad Offshore ASA (SOFF) have signed a Letter of Intent (LOI) with Subsea 7 for hire of SOFF’s offshore construction and support vessel (CSV) “Normand Oceanic”. The agreement is for a firm charter period of 3 years with 3 x 1 year option. Commencement is currently expected to be April 2012. The c
CNOOC Limited announced that, according to the latest statement by ConocoPhillips China Inc (COPC), the Operator of Penglai 19-3 oil field, more oil-based drilling mud (OBM) on the sea floor was identified. This addition brings the revised volume of OBM on the seabed to 400 cubic meters (2,500 barre
Allseas’ Solitaire, the world’s largest pipelay vessel, has completed work on Line 2 of the Nord Stream natural gas pipeline through the Baltic Sea ahead of schedule. The vessel laid 342.5 kilometres of each of the twin pipelines in the Gulf of Finland. “The Solitaire has lived up to all our expecta
Rig utilisation in the second quarter of 2011 was 84.7 per cent. Safe Scandinavia, MSV Regalia, Safe Caledonia, Safe Esbjerg, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency have been fully utilised in the second quarter. Safe Bristolia commenced on the contract with Cotemar mi
W&T Offshore, Inc. announced today that it has closed its acquisition of Shell Offshore’s 64.3% interest in the Fairway Field along with a 64.3% interest in the associated Yellowhammer gas processing plant, with an effective date of September 1, 2010. This acquisition was part of a larger transactio
Further to the announcement and the press release dated 23 June 2011 in relation to the AHTS’ receipt of its maritime class certification from Det Norske Veritas, the Board of Directors of Otto Marine Limited announced that it has entered into a letter of intent dated 10 August 2011 to sell the AHTS
Siemens Industry, Inc today announced it has been awarded a multi-million dollar contract to equip two platform supply vessels (PSVs) with its unique diesel electric propulsion solution at Fincantieri Marine Group’s Bay Shipbuilding Company in Sturgeon Bay, Wis. A Tidewater Inc. subsidiary will cons
The Vitol Group today announces the sale of its 68.62% interest in the Galoc Production Company WLL (GPC), operator of the Galoc oil field, to its co-shareholder Otto Energy Limited for a total consideration of US$54 million. GPC was set up as a Vitol subsidiary in 2005 to hold a 58.29% participatin
Aker Solutions’ operating revenues in the second quarter of 2011 were NOK 7.8 billion. Earnings before interest, tax, depreciation and amortisation amounted to NOK 636 million. Order intake in the quarter was NOK 14.3 billion. “We have a strong order intake which reflects high tendering and activity
