Yantai CIMC Raffles Offshore (CIMC Raffles) has won an order for two jackups from newcomer Central Shipping Monaco (CSM). The two rigs will be Friede & Goldman JU2000E design and scheduled to be delivered at the end of 2015. CSM also…
Fairmount Marine has delivered the drilling rig ENSCO 5004 in Malta at the endof a voyage that began offshore Rio de Janeiro.ENSCO 5004 is a 1982- built, 94.7m-long, and 70.4m-wide semisubmersible. It was towed from Rio de Janeiro to Malta…
Bourbon sells 12 additional vessels to ICBC Financial Leasing for US$378 million and concludes a new sale and bareboat charter agreement with Standard Chartered Bank for $150 million Bourbon announces the transfer of ownership of 12 vessels…
Brazilian independent HRT Participacoes em Petroleo SA acquired a 60% working interest and the operatorship stake in the Polvo field from BP Energy do Brasil Ltda, following the Jan. 8 close on a deal worth US$101 million.In the transaction…
Hydroid, Inc., a subsidiary of Kongsberg Maritime, has made changes to its leadership team. Christopher von Alt (pictured left) has elected to resign from his current position as president, effective January 1, 2014. Hydroid’s board…
The group will conduct monitoring studies on potential Arctic nearshore impacts in Beaufort Sea development area.Olgoonik/Fairweather LLC, in conjunction with a team of scientists from the University of Alaska Fairbanks, the University of Texas at Austin…
'Unsustainable project economics' are to blame for the termination of the Kristin Gas Export Project (KGEP) in the Norwegian Sea.Statoil and partners Petoro and GDF Suez cited increased costs and volume risk for ending the project, and…
The spudding of the Phoenix South-1 well has been pushed back by Apache until 2Q 2014, because of the company’s operational timetable including other projects Apache has in Western Australia.JV partner, Carnarvon Petroleum said that moving…
Aker Solutions completed the sale of its well-intervention services business area to EQT, a Swedish private equity fund.The unit was sold for an enterprise value of NOK 4 billion and the agreement includes an earn-out provision where Aker…
KrisEnergy Ltd. completed drilling and testing of the Cua Lo-1 exploration well in Block 105-110/04 off Vietnam.The Cua Lo-1 well was drilled to a measured depth of 2,867 m. Based on log interpretation, several gas bearing sandstone reservoirs were identified…
Claxton Engineering Services Ltd. celebrated the 10th anniversary of its success with the world’s first rigless platform well abandonment.For the project, the company used a custom conductor reaction recovery system—designed and manufactured…
Magseis AS has agreed a frame agreement to provide global ocean bottom seismic (OBS) acquisition services for Statoil ASA from 2014–2018.The frame agreement regulates the work that has been awarded for the 2014 and 2015 seasons, as well as for future tenders during the term of the agreement…
CAMAC Energy Inc. has signed a letter of intent (LOI) on the terms and conditions of a long-term agreement for the use of the Armada Perdana floating, production, storage, and offloading system (FPSO) as part of its further development of the Oyo field offshore Nigeria…
Exploration firm Mediterranean Oil & Gas Plc (MOG) has said the partnership behind the Area 4 production sharing contract offshore (PSC) Malta has been given a six month extension. The PSC covers Area 4, covering Blocks 4, 5, 6 and 7…
VAALCO Energy Inc. has said construction work on two production platforms for the additional development of the Etame Marin block offshore Gabon is continuing on schedule. One platform is due to be installed in the Etame field, and the…