DryShips Inc., a global provider of marine transportation services for drybulk and petroleum cargoes and through its majority owned subsidiary, Ocean Rig UDW Inc., of offshore deepwater drilling services, today announced that Ocean Rig: $1.35 billion Bank Facility Ocean Rig announced that it has sig
Siem Offshore has entered into a charter agreement with Daya OCI LTD for one additional Offshore Subsea Construction Vessels (“OSCV”). The agreement is made at market terms and is for a firm period of five years with two yearly options. The charter shall commence in fourth quarter 2013. Press Releas
Subsea 7 S.A. today announced the award of a contract valued at approximately $140 million from Statoil for the removal and replacement of risers, flowlines and associated subsea structures on the Norwegian Continental Shelf. Project management and engineering work will commence immediately from Sub
Subsea 7 S.A. announced the award of a contract valued at approximately $140 million from Statoil for the removal and replacement of risers, flowlines and associated subsea structures on the Norwegian Continental Shelf. Project management and engineering work will commence immediately from Subsea 7’
Statoil has started the build-up of its Aberdeen operating organisation and reported today at SPE Offshore Europe 2013 that the company and its partners are on track with the Mariner field development project. The Mariner heavy oil field was discovered in 1981. Statoil entered the license as operato
DOF Subsea Rederi AS, an entity in the DOF Subsea Group, has entered into an agreement where the vessel Skandi Bergen is sold to an international buyer. Delivery to the new owners is expected early 2014. Based on today’s USD/NOK exchange rate estimated gain on sale of tangible assets will be approxi
Trelleborg has, through its business area Trelleborg Industrial Solutions, signed and finalized an agreement to acquire SBM Offshore’s cryogenic hose system technology. The transaction will strengthen Trelleborg’s offering of innovative and critical products and solutions for the growing floating li
Dana Petroleum has started drilling operations on its Western Isles Development Project two months ahead of schedule. The work is being undertaken by the drilling rig Ocean Nomad, leased from Diamond Offshore, in the Northern North Sea. Western Isles is a $1.6 billion development project which is ex
Deepwater drilling and performance improvement specialist Exceed is exhibiting at Offshore Europe (stand 3D210) and announcing significant growth along with international expansion into new markets. The Aberdeen-based company has established new companies in Canada and Ghana on the back of recent co
Works on rectifying the consequences of the accident that took place at platform #90 the Bulla-Deniz field were continued on August 30. As a result of cleaning works, about 45 percent of drilling equipment was dismantled and transported to land. All the measures are continued in accordance with the
SeaBird Exploration Plc (“SeaBird”) announces that it has notified the owner of Hawk Explorer that it will exercise its option under the current charter agreement to purchase the vessel and related equipment for USD 6.5 million. The vessel and equipment will be delivered at the end of the lease term
Wärtsilä, the marine industry’s leading solutions and services provider, has been awarded the contract to supply the design and an integrated solution for a new large platform supply vessel (PSV). The ship will operate primarily on liquefied natural gas (LNG) and is owned by Siem Offshore, the Norwa
FLEX LNG revealed in a statement released on Monday that it has executed with Samsung Heavy Industries (SHI) a binding and final settlement agreement. As a result, arbitration proceedings have been discontinued and all actual and potential claims and counterclaims arising out of past relationships a
TTS Group ASA has through its subsidiary TTS Offshore Handling Equipment AS in Norway, received a cancellation of a offshore contract with Kleven Verft AS. The contract, announced 24 May 2013, was awarded with a initial cancellation right that was valid until 1 August. This cancellation right was la
