Seaborn Networks has mandated Natixis, a major French bank, to act as sole structuring bank, underwriter and lead arranger for a fully underwritten USD 290 million senior secured project financing debt for the development and installation of Seaborn’s new subsea fiber optic cable system between comm
Norwegian Energy Company (Noreco) in February 2014 produced 8 692 barrels of oil equivalents per day (boepd) on average. Net realised prices in February were USD102.9 per barrel of oil equivalents (USD 108.9 per barrel of oil) after adjustments for inventory, NGL and gas prices. Noreco production pe
AWE Limited reports that as at 06:00 hours today, the Pateke-4H development well, offshore New Zealand, was at a measured depth of 3,689 metres and drilling ahead. The Blow Out Preventer (BOP) was successfully installed and tested and the 13 3/8 inch casing shoe was drilled out. A 12 ¼ inch section
Maritiem Cluster Friesland delivers another DP1 Multi Purpose Support vessel 3512 to Acta Marine. Lady sponsor Mrs. E. (Litsa) Kwantes, named the ‘Coastal Chariot’ of in Rotterdam (The Netherlands) on 20th February. The multi-purpose vessel has been custom-built and constructed within only 12 months
Canada-based Robert Allan Ltd. was selected by Teekay Shipping (Canada) Ltd. to provide the contract engineering package for the conversion of the M/V Navion Clipper from a shuttle tanker into a Floating Storage and Offloading (FSO) unit. Teekay Offshore Partners LLP, a subsidiary of Teekay Corporat
Olympic Shipping plans to take delivery of two Subsea Support newbuilds from Kleven Maritime in 2014 and 2015. Both vessels have been awarded contracts for 3 years fixed with options of another 2 x 1 year. The vessel Olympic Zeus is employed on a contract with Reef Subsea for a fixed period of 120 d
AGC said that its subsidiary MAS Australasia has been awarded a AU$174 million scaffolding works contract for the Inpex-operated Ichthys LNG project. MAS will be providing scaffolding assets comprising management, design and engineering, scaffolding material supply and installation services to the L
EnQuest PLC has completed the acquisition of the UKCS Greater Kittiwake Area assets previously owned by Centrica North Sea Oil Limited, as well as Centrica’s 100% interest in the Kittiwake to Forties oil export pipeline. The Greater Kittiwake Area is located in UKCS blocks 21/12a (licence P.073), 21
On Friday 28 February 2014, the offshore construction vessel ‘Polar Onyx’ was named at Ulstein Verft. The vessel is built for GC Rieber Shipping, and is chartered by Ceona for five years for deepwater projects offshore Brazil. The lady sponsor was Ms. Natalie Dawn Preston, daughter of Ceona’s CEO, S
The Board of Independent Oil and Gas plc (“IOG”), the North Sea focused Oil and Gas Company, has confirmed that the Blythe and Skipper licences have been extended by 18 months to 31st September 2015. Alpha Petroleum Resources Ltd operates the Blythe and Skipper licences in which IOG has a 50% intere
Keynvor Morlift Ltd has become a contractor of choice for Tidal Energy Limited’s project in UK. Keynvor Morlift’s task is to plan, manage and coordinate the deployment, installation and subsequent recovery and decommissioning of the DeltaStream tidal device at the site situated 1.2 km from the mainl
Ezra Holdings Limited, announces that its Executive Director, Mr. Tay Chin Kwang, will be stepping down with effect from 1 March 2014, as part of the Group’s efforts to comply with the Code of Corporate Governance of having Independent Directors make up at least half of the Board. Tay Chin Kwang wil
On Wednesday, February 26, Ofgem launched the third Offshore Transmission Owner (OFTO) tender round, for the high voltage transmission links of two offshore wind farms, Westermost Rough and Humber Gateway. They are situated in the North Sea off the coast of Yorkshire. Worth almost £400m, Tender Roun
Sea Trucks Group announced a contract award from INPEX Operations Australia Pty Ltd for the provision of flotel services for the Ichthys LNG project, located in the Browse Basin about 200 km north-west of Western Australia’s Kimberley coast at the western edge of the Timor Sea. The scope of work con
