STX Norway Offshore has entered into a new contract with Olympic Shipping for the building of an LNG powered Platform Supply Vessel. The vessel is scheduled for delivery in Q1 2012. The new vessel is designed by STX Norway Offshore Design in Ålesund. The hull is to be built at Tulcea, Romania, and t
Songa Offshore SE announced that a paid relocation agreement has been entered into between Songa Offshore subsidiary Pegasus Invest Ltd and an un-named industry participant for potential business opportunities in Middle Americas. The agreement covers a fully paid relocation of Songa Saturn from curr
Dana announced that the Company (through its subsidiary Dana Petroleum (E&P) Limited) has entered into an agreement with Petro-Canada UK Limited (“Petro-Canada UK”), a wholly owned subsidiary of Suncor Energy Inc. (“Suncor”), to acquire Petro-Canada UK’s interests in certain UK assets (the “PCUK Ass
BW Offshore has signed the contract for the FPSO BW Carmen with Ithaca Energy (UK) Ltd and partners. The FPSO will be employed on the Athena oil field in the UK sector and is expected to commence production during 2H 2011. The contract includes a fixed charter period of three years, plus options for
Chevron Corporation announced that it has been granted approval by the Liberian government to acquire a 70 percent interest and operatorship in three deepwater concessions in Liberia. “We are very pleased to participate in Liberia’s emerging energy sector,” said Chevron Vice Chairman George Kirkland
Spring Energy announces the sale of 15% in PL 378 (containing the Grosbeak discovery), 20% in PL 375 (containing the Beta discovery) and 20% in PL 551 to Talisman Energy Norge AS (Talisman) for an amount between USD 114,5 million to USD 129,5 million pending certain near term milestones. As part of
Marathon Oil Corporation provided an updateon its Droshky development in the deepwater Gulf of Mexico, which began operations on time and under budget on July 15, 2010, and has since ramped up production to approximately 45,000 net barrels of oil equivalent per day (boepd), consisting of approximate
Seychelles (SEYPEC), Fugro and Geomahakarsa have this morning signed a Cooperation Agreement for the acquisition, processing, interpretation and license of geoscientific data within the Seychelles EEZ on a multi client basis. Under this Agreement, Fugro Data Services AG, a company incorporated under
No single factor caused the Macondo well tragedy. Rather, a sequence of failures involving a number of different parties led to the explosion and fire which killed 11 people and caused widespread pollution in the Gulf of Mexico earlier this year. A report released by BP today concludes that decision
Aker Solutions’ new deepwater intervention vessel, Skandi Aker, has today been announced winner of the coveted international “Ship of the Year 2010” award. The award was today presented to Stig Antonsen, VP Marine in Aker Solutions, by Rikke Lind, state secretary of the Norwegian Ministry for Trade
The Rio Oil & Gas Expo and Conference, the largest petroleum and gas event in the Southern Hemisphere, will have its largest edition to date on September 13th-16th at the Riocentro, in Rio Janeiro. It is expected that 40 thousand visitors will pass through the event during the four days it will be t
Hyperdynamics Corporation announced the results of a resource evaluation conducted by Netherland Sewell and Associates Inc. (NSAI) of the Company’s oil and gas concession offshore Republic of Guinea. NSAI, a leading provider of reserve audits and exploration resource assessments, conducted a three-m
Thirty four workers have been saved and two are still missing after strong wind brougt by typhoon Malou tilted an oil drilling platform … by Chinadaily [mappress] Source: Chinadaily,September 8, 2010,
BW Offshore has settled all claims and counter-claims related to the terminated Letter of Intent for the Basker Manta Gummy (BMG) project. The settlement involves a cash payment of USD 32.5 million to BW Offshore, to be paid and booked in the third quarter of 2010. The court case is adjourned pendin
