Sartor Offshore has ordered a Norwegian ship design developed from Havyard Ship Technology AS . The PSV, which will be built at shipyard in Sogn, is scheduled for delivery in January 2012. “The contract is based on optimism within the industry. Currently, the vessel does not have a contract, however
Paxton Energy, Inc. , an energy turnaround company engaged in the acquisition, exploration, development and drilling of oil and natural gas properties, announces that on March 28, 2011, Paxton entered into a definitive agreement with Montecito Offshore, LLC (“Montecito”) of Louisiana to acquire a 70
Norwegian Energy Company (Noreco) has chosen to terminate the agreement to sell Noreco’s interests in the Oselvar and Enoch fields to Marubeni Corporation (Marubeni). The agreement with Marubeni was entered into in September 2010. On 3 March 2011 it was announced that the buyer had not yet fulfilled
Statoil and KazMunayGas have signed the Heads of Agreement (HoA) on the Abay block in the Kazakhstani sector of the Caspian Sea. Under the HoA, the parties plan to conduct evaluation of the hydrocarbon potential of the “Abay” block in the Northern Caspian Sea. Statoil and KazMunayGas will jointly es
Sembawang Shipyard, a wholly-owned subsidiary of Sembcorp Marine has signed a long-term alliance contract with Teekay Marine Services, Canada, to provide ship-repair, refurbishment, upgrading and related marine services for its fleet of 137 ships. Teekay Marine Services is a subsidiary of Teekay Cor
A report requested by President Obama and released today by the Department of the Interior shows that more than two-thirds of offshore leases in the Gulf of Mexico and more than half of onshore leases on federal lands remain idle, neither producing nor under active exploration and development by com
The Gazprom headquarters hosted yesterday a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Helge Lund, President and Chief Executive Officer of Statoil. The parties discussed the situation in the European energy market and shared an opinion that sustained g
Farstad Shipping announces it has been awarded the following charter contracts: Subsea vessel Far Saga (2001, UT 745L, 3.475 DWT) has been awarded a 6 month firm contract by Subsea 7 in Norway. The charter will commence immediately and include an option for further 15 months. AHTS Far Sabre (2008, U
Lansdowne Oil & Gas plc, (“Lansdowne”) announces it has signed a contract with Polarcus Limited (“Polarcus”) for the acquisition of 3D seismic surveys over the Rosscarbery, Amergin and Midleton Prospects in the North Celtic Sea, offshore Ireland, covering an aggregate area of approximately 300 squar
Aker Solutions has been awarded a letter of intent (LOI) by Statoil for the engineering, procurement and construction of a subsea production system for the Fossekall-Dompap project on the Norwegian continental shelf. Aker Solutions estimates the contract value to be approximately NOK 1 billion. Scop
Under the charter contract with Centrica Energy Upstream, the charter is automatically extended by six months unless notice is given six months prior to the expiration of the contracted period. The expiration of the currently contracted period was September 28, 2011, and the charter for FPSO Sevan H
The Board of Desire Petroleum plc announces the appointment of Mr Ken Black as Exploration Director. Aged 51, Ken is a petroleum geoscientist with 30 years experience in the oil industry. He began his career as a geophysicist with BNOC/Britoil before moving to Clyde Petroleum Plc where he became an
Statoil has been granted consent to use the mobile facility Scarabeo 5 for permanent plugging of well 6506/11-A-3H in the Norwegian Sea. The well is part of production licence 134B/C and is located on Morvin, about 20 kilometres north of the Kristin field and 15 kilometres west of the Åsgard field.
Siem Offshore Inc. (“the Company”) announces that it will enter into the business for submarine cable installation, repair and maintenance projects. The Company has identified the installation of submarine cables and associated services to be an emerging growing market, both with respect to field an
