News
A brief contract extension for Blackford Dolphin rig
Fred. Olsen Energy has secured a contract extension for one of its offshore drilling rigs. The company on Tuesday said its subsidiary Dolphin Drilling Ltd has agreed an extension of its current contract with Chevron North Sea Ltd for the semi-submersible Blackford Dolphin. The extension covers ongoi
Offshore vessel owner Toisa files for bankruptcy
Toisa Limited, an owner of a fleet offshore support vessels, has filed for bankruptcy, citing tough offshore market. The company said on Monday afternoon that it, together with its 23 affiliated vessel-owning companies filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy C
James Fisher Gets Busy at Galloper OWF
James Fisher Marine Services (JFMS) has started working at the Galloper offshore wind farm by deploying a three-man emergency response team in support of the foundation installation works at the site.
GasLog Partners rakes in $77 million through public offering
GasLog Partners, a limited partnership set up by the Monaco-based LNG shipper GasLog, earned US$77.06 million through the offering of 3,750,000 common units.
Report: McDermott to buy ‘Ceona Amazon’ at a hefty discount
Offshore installation player McDermott is reportedly set to acquire the offshore construction vessel Ceona Amazon, and at what discount! According to Nor-Ocean, which cited industry sources, McDermott is expected to finalize the acquisition in February for an estimated $80 million. The shipbroker po
Partial shutdown at gas platform, storage site outage drive prices higher
British wholesale gas prices rose on Monday as a partial shutdown of the Elgin-Franklin platform in the North Sea and an extended outage at a gas storage facility tightened supplies, traders said.
Lloyd’s Register expands with Subsea Inspection Service business
Lloyd’s Register (LR), a global engineering, technical and business services organization, has launched a subsea inspection service to support underwater inspections of subsea pipelines, assets, and facilities to offshore energy companies. LR said the services include project management, consultancy
The Dutch Maritime Cluster Monitor 2016
The Netherlands is a maritime nation. This fact is proven by the numbers recently released by Maritime by Holland, the organisation that promotes and strengthens the maritime sector in the Netherlands. The maritime cluster generates 3.5 per cent of the total gross domestic product (GDP) of the Nethe
Popular news, January 23 – 29, 2017
Read last week’s most popular news from the offshore energy sector.
Top news of the week January 23-28
Australia: Ichthys power plant contract terminated, hundreds of jobs affected A $550 million contract for the construction of a combined cycle power plant for the Inpex-operated Ichthys LNG project in Australia has been terminated, leaving hundreds of workers in limbo. BP outlook: LNG to grow seven
GasLog Partners posts highest ever quarter profit
GasLog Partners, the New York-listed spinoff of LNG shipper GasLog reported increased profits for the fourth quarter and the full year of 2016.
New offshore rig services player makes ready for market recovery
A new player in the offshore rig services market has recently emerged in Denmark. The new company, set in the Port of Frederikshavn in the Northern Denmark, was formed by three oil & gas service providers for the oil & gas industry and named OVS Offshore. Offshore Energy Today has had an interview w
Total: ‘Difficult’ North Sea well ‘under full control’
Total E&P UK on Friday experienced what it says were difficulties while drilling one of its North Sea wells. Following several reports that Total was fighting at its Elgin platform to put a well under control, Offshore Energy Today reached out to the company seeking further info. This is what the co
Shell set to sell $3 billion North Sea assets to Chrysaor
By Ron Bousso and Clara Denina LONDON (Reuters) – Royal Dutch Shell <RDSa.L> is nearing the sale of a large part of its North Sea oil and gas assets to private equity-backed Chrysaor for $3 billion (2.39 billion pounds), banking sources said, marking a milestone in its drive to reduce debt after buy