Prospector Pte Ltd News


Eni's Geng North-1 Well Reveals Massive Gas Find Offshore East Kalimantan

Oct 02, 2023

Italian oil and gas firm Eni said Monday it had made a significant gas discovery from the Geng North-1 exploration well drilled in North Ganal PSC, about 85 km off the coast of East Kalimantan in Indonesia. 'Preliminary estimates indicate a…

14 Companies Secure Licenses for Carbon Storage in the UK North Sea

Sep 15, 2023

Following the UK's first-ever carbon storage licensing process, the North Sea Transition Authority (NSTA) on Friday released the list of firms that had accepted licenses.A total of 14 companies have been awarded 21 licences in depleted oil and…

What Lies Ahead for Idle North Sea Jack-up Rigs?

Sep 14, 2023

The North Sea jack-up rig market has been out of the limelight lately, overshadowed by increased contracting activity in the semi-submersible rig market, resulting in the departure of some of these units from the region. As the North Sea outlook remains soft…

Drillship Ordered in 2013 Wins First Contract

Sep 14, 2023

Offshore drilling company Transocean said Thursday it had secured a three-year contract for the newbuild ultra-deepwater drillship Deepwater Aquila with 'a national oil company' for work offshore Brazil. The contract is expected to start in…

Seadrill CEO on Q2: 'We Delivered Strong Results'

Aug 15, 2023

Offshore drilling rig contractor Seadrill said Tuesday it had generated $414 million in total operating revenues, a sequential increase of $148 million, or 56%, benefitting from contracted rigs acquired as part of the Aquadrill transaction, completed on April 3…

HMDC to Pay $400,000 for 2019 Oil Spill Offshore Canada

Aug 02, 2023

Canadian oil firm Hibernia Management and Development Company Ltd. (HMDC) will pay $400,000 for a 2019 offshore oil spill, the Canada-Newfoundland and Labrador Offshore Petroleum Board said Tuesday.According to C-NLOPB, HMDC has pled guilty…

Close Call at Hibernia Platform: Timber Piece Drops 15 Meters in Lifting Incident

Aug 02, 2023

An incident happened last week that saw a 1.8-kilogram piece of timber fall 15 meters to the deck of an offshore support vessel during lifting operations at HMDC's Hibernia Platform, offshore Canada, in the Atlantic Ocean.Hibernia Management and Development Company Ltd…

Harran Ltd. Fully Integrated and Rebranded as OEG Offshore Expands Service Portfolio

Jul 17, 2023

OEG Offshore UK (OEG), a provider of specialist offshore equipment, on Monday announced the complete integration and rebrand of Harran Ltd, an offshore helicopter refueling systems specialist.OEG Offshore said the move followed the acquisition…

Subsea Cable Laying, Protection Innovation Funded in Japan

Jun 23, 2023

NYK, as a member of a consortium of four companies (also including: Sumitomo Electric Industries, Ltd.; Furukawa Electric Co., Ltd.; and Mitsui O.S.K. Lines, Ltd.) has been selected by Japan’s New Energy and Industrial Technology Development…

Seadrill Sells Three Tender-assist Units for $85 Million

Jun 21, 2023

Offshore drilling firm Seadrill on Wednesday announced it has agreed to sell three tender-assist units to Singapore's Energy Drilling Pte Ltd for a total of $85 million in cash.The units are the semi-tender West Vencedor and tender rigs T-15 and T-16…

Kim Heng Offshore & Marine Partners with KOM for Offshore Projects in South Korea

Jun 15, 2023

Singapore's offshore services firm Kim Heng has via its subsidiary, Kim Heng Offshore & Marine Pte entered into a non-binding memorandum of understanding with South Korea's KOMS CO. LTD. (“KOM”).Under the MoU the two companies plan to cooperate…

Codling Wind Park Successful in Ireland's First Offshore Wind Auction

Jun 15, 2023

Codling Wind Park Ltd. (Ireland) said Thursday it had received confirmation that it was a successful bidder in the first offshore wind CfD auction in Ireland (ORESS 1).The company is a 50/50 joint venture between Fred. Olsen Seawind, wholly owned by Bonheur ASA…

Malaysia's Sapura Energy Lands $303 Million in Contracts for Offshore Projects

Jun 08, 2023

Malaysia's Sapura Energy said Thursday it had, between December 2022 and May 2023, secured ten contracts worth around 1.4 billion Malaysian ringgit (currently around $303 million) across the Asia Pacific and Atlantic regions.The contracts were secured across its Engineering and Construction (E&C)…

Canada: Tidal Energy Firm Says Enters Bankruptcy as Regulatory Hurdles Derail Planned Project

May 15, 2023

Sustainable Marine Energy (Canada) Ltd, which describes itself as Canada’s most successful tidal energy company, has been placed into voluntary bankruptcy and appointed Deloitte Restructuring Inc. as trustee.The company, which proved out its technology and delivered power to Nova Scotia’s grid…

MODEC Confirms Its First FPSO Order in Guyana

May 08, 2023

Japan's MODEC said Monday it would proceed with engineering, procurement, and construction on the Uaru FPSO vessel following a final investment decision on the Uaru offshore oil project by ExxonMobil in Guyana last month.The Uaru FPSO is named ‘Errea Wittu’…

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