Mermaid Maritime Public Co. Ltd. announced that its business units serving the Middle East have been awarded a suite of subsea services contracts. The work includes air diving services such as air diving for pipeline free-span correction and a subsea cable lay contract…
Norwegian private equity group HitecVision AS is to invest US$92.6million in Singapore-based Energy Drilling Pte Ltd. The deal will see Hitecvision take a majority stake in the company and it will ensure delivery of Energy Drilling Pte…
CNOOC Ltd started production at two of its offshore fields, the Wenchang 19-1 North and Weizhou 12-8 West. The Wenchang 19-1 North oil field is located in the western Pearl River Mouth Basin with an average water depth of about 120-130m…
Atwood Oceanics, Inc. has agreed to sell its standard jackup drilling unit, The Vicksburg, to Gulf Drilling International Ltd (Q.S.C.) for US$55.4 million. The sale is expected to close in early 2014 following the completion of the unit's contract with CEC International…
Keppel Shipyard Ltd (Keppel Shipyard) has secured two FPSO conversion contracts worth a combined value of S$190 million (US$154.54 million). The contracts are from SBM Offshore N.V. (SBM Offshore) and M3nergy Offshore Ltd. (M3nergy Offshore)…
Solstad Offshore ASA (SOFF), through its wholly-owned subsidiary Norce Offshore Pte Ltd, has signed a contract with Chevron Offshore (Thailand) Ltd, Chevron Thailand Exploration and Production Ltd. and Chevron Pattani Ltd. (together Chevron) in Thailand using the derrick-lay barge (DLB)…
Horizon Oil International Ltd. announced that the Manaia-2 exploration/appraisal well in PMP 38160, offshore New Zealand, was spudded on September 1, 2013. The well is being operated by OMV New Zealand Ltd. and drilled with the semi-submersible drilling rig Kan Tan IV…
Houston-based BassDrill Ltd. is changing its name to Atlantica Tender Drilling Ltd. This change is part of a larger rebranding effort designed to reflect the growing strength of the company. “Atlantica is the name given to an ancient continent…
ALS Ltd moved to acquire Reservoir Group for US$533 million from SCF Partners. Reservoir’s existing senior management team has committed to continue in the business and is rolling over approximately 50% of their equity in Reservoir into ALS shares…
Jiangsu Yangzijiang Offshore Engineering Co. Ltd. (YZJOE) is ready to “strike steel” on the construction of a US$170million Le Tourneau Super 116E, self-elevating jackup for drilling in 350ft water depths. The detailed engineering phase has…
COSCO Corp. Ltd. has been active completing vessels and signing new construction contracts. The company announced that COSCO (Qidong) Shipyard Co., Ltd has delivered the jackup barge, IB914, and the transportation barge, IB924, to an Australian company…
Devan International Ltd., a subsidiary of Keppel Corporation Ltd. (KCL), acquired a 20% shareholding interest in the enlarged share capital of KrisEnergy Ltd. KrisEnergy is currently an associated company of KCL. In connection with the acquisition…
AnTech Ltd. secured an investment from Saudi Aramco Energy Ventures (SAEV) and Londonbased Calculus Capital. The funding is being used to launch AnTech’s new DCTD service capability so that it can use its bespoke systems to deliver cost-effective…
Sabah Shell Petroleum Co. Ltd. received a semisubmersible floating production system (FPS) for Malaysia’s Gumusut-Kakap deepwater field offshore Sabah. The FPS was handed over to Sabah Shell in early June and is installed in about 1200m water depth…
Wood Group PSN was awarded a contract by Esso Highlands Ltd., a subsidiary of Exxon Mobil Corp., to provide engineering, procurement, construction and maintenance services to support its Papua New Guinea (PNG) liquefied natural gas (LNG) operations…
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