Seisranger AS, a company in the Forland Shipping Group (Forland), has concluded the sale of the vessel Seisranger to Otto Marine Limited 30 April 2014. The sale will trigger a NOK 75 million redemption of the NOK 525 million Senior Secured Bond that E Forland AS has outstanding. The MV Seisranger wa
The latest milestone in the Cygnus gas field project took place on April 28th as the first piece of major infrastructure sailed out from Isleburn’s facilities at Nigg Energy Park. The beginning of the subsea isolation valve (SSIV) and WYE structures’ journey to the Cygnus site in the Southern North
Saipem has been contracted by South Stream Transport B.V. to provide supporting works relating to the construction of the second line of the South Stream Offshore Pipeline for a total value of approximately $553 million. The entire offshore South Stream project consists of four parallel gas pipeline
South Stream Transport has signed a contract with the Allseas Group to lay the second line of the South Stream Offshore Pipeline. In addition, the Company has signed a contract with Saipem for the provision of complementary works for Line 2. The South Stream Offshore Pipeline will consist of four pa
Dolphin has been awarded a further 3D seismic contract for the Polar Marquis to acquire approximately 3.000 sq. km. in the Black Sea with immediate mobilisation when the vessel is taken on Time Charter, in the middle of May 2014. Atle Jacobsen, CEO commented: “Dolphin is on track delivering the seco
The Shah Deniz consortium announce a major offshore transport and installation contract award for the Stage 2 development of the Shah Deniz field to the BOS Shelf LLC, Saipem Contracting Netherlands B.V. and Star Gulf FZCO consortium. The award of this $1.8 billion contract, part of the Shah Deniz S
The Shah Deniz consortium announces a major offshore transport and installation contract award for the Stage 2 development of the Shah Deniz field to the BOS Shelf LLC, Saipem Contracting Netherlands B.V. and Star Gulf FZCO consortium. The award of this $1.8 billion contract, part of the Shah Deniz
Faroe Petroleum, the independent oil and gas company, announces the conditional acquisition of a 60% operated interest in the Ketch Field and a 53.1% operated interest in the Schooner Field in the UK Southern North Sea gas basin from Tullow Oil SK Limited, a subsidiary of Tullow Oil plc, for an init
COSCO (Guangdong) Shipyard Co., Ltd, a subsidiary of COSCO Corporation (Singapore) Limited’s 51% owned COSCO Shipyard Group Co., has delivered a Self-Erecting Drilling Tender Barge to Energy Drilling. The delivery documents were signed by the buyer and COSCO Guangdong. The tender barge has a working
Interest in tendering for the many projects that comprise the new fixed link across the Fehmarnbelt is significant. On Monday, Femern A/S, the client on the tunnel project, received seven applications for per-qualification for the establishment of a new substation. This is a highly positive sign, sa
Island Offshore announces that Island Commander has been awarded a contract extension from ConocoPhillips for a period of one year. This means that the vessel will be on a firm contract until June 2015, with further options until 2018. Island Commander was delivered from Vard Brevik in 2009 and went
South Stream Transport has signed a contract with the Allseas Group to lay the second line of the South Stream Offshore Pipeline. In addition, the Company has signed a contract with Saipem for the provision of complementary works for Line 2. The South Stream Offshore Pipeline will consist of four pa
Electromagnetic Geoservices ASA (EMGS) has entered into a partnership agreement with La Administración Nacional de Combustibles, Alcohol y Portland (“ANCAP”). ANCAP is the regulating authority for oil and gas exploration in Uruguay. It is ANCAP’s intention that the licensing of EM data will count as
Fastnet Oil & Gas Plc, the E&P company focused on exploration acreage in Africa and in the Celtic Sea, announces formal completion of its farm-out of a 9.375% interest in the Foum Assaka Licence, off-shore Morocco, to SK Innovation, the energy and chemicals affiliate of SK Group, South Korea’s third
