Offshore Activity - page 989


ITC Global wins West Africa gigs

Dec 28, 2015

ITC Global, a provider of satellite communications to remote and harsh environments, has announced that it has been awarded two multi-million dollar contracts, each spanning three years, to provide remote offshore communications to five floating production…

Petroceltic sheds stakes, mulls sale

Dec 28, 2015

Petroceltic has opted to exit stakes in Greece and Egypt, following an announcement by the company's board that it has initiated a formal strategtic review of its business and assets due to breaching debt repayment obligations. In the 23 December announcement…

Petrobras confirms Carcará Norte

Dec 28, 2015

Petrobras concluded two formation tests in the 3-SPS-105 (Carcará Norte) well, confirming the high productivity of the pre-salt carbonate reservoirs. The well is in the area of the Carcará Discovery Evaluation Plan (PAD), 4.6km north of the discovery well (4-SPS-86B)…

Shell ends Polar Pioneer contract

Dec 28, 2015

Shell has terminated the contract for the Polar Pioneer, a harsh environment semisubmersible drilling rig, announced rig owner Transocean on 28 December. The rig was famously used this summer in Shell's Arctic campaign in the Chukchi Sea…

Det norske completes Premier Norway acqusition

Dec 22, 2015

Det norske oljeselskap has completed its agreement to acquire Premier Oil Norway. The merger, previously announced on 16 November, comprises all Premier Oil plc’s Norwegian assets for a net consideration of US$120 million on a cash free, debt basis…

Noreco sells Norway assets

Dec 21, 2015

Norwegian Energy Co. (Noreco) subsidiary Noreco Norway entered into a sale and purchase agreement (SPA) with Djerv Energi for the sale of its exploration license interests, organization and management systems. The owners of Djerv will be a US-based investment fund (70%) and Noreco (30%)…

North Energy acquires Explora

Dec 21, 2015

North Energy acquired Explora Petroleum for a cash payment of US$2.5 million deal. The transaction is being implemented through the purchase of all the shares in Explora from the company's shareholders, who comprise certain employees and individual shareholders…

DOF Subsea bags Asia, North Sea work

Dec 21, 2015

DOF Subsea inked US$30.8 million (NOK 270 million) in IMR and subsea installation contracts in the Asia Pacific and Atlantic regions that will use the company’s subsea project fleet. Skandi Hercules…

Stockholders say yes to CAM-SLB merger

Dec 18, 2015

Cameron stockholders voted to approve the merger agreement between the equipment manufacturer and Schlumberger today (December 18) at a special meeting. In late August, oilfield services giant Schlumberger announced it would acquire Cameron in a deal worth US$14…

Sevan Marine in UK FPSO deals

Dec 18, 2015

Following the participation in front-end engineering and development (FEED) work over past several months, Sevan Marine has announced that it has signed two agreements related to the FPSO prospects in the UK North Sea. The first agreement…

Aker, Saipem join subsea forces

Dec 18, 2015

Aker Solutions and Saipem are to cooperate on targeted subsea oil and gas development projects worldwide. The companies will, through a joint work, group identify opportunities where they can create value for customers by combining Aker…

Triyards bags US$45.5 million in contracts

Dec 17, 2015

Triyards inked a string of contracts worth US$45.5 million. One of the newly minted contracts will see the group construct its scientific research vessel for new client Taiwan Ocean Research Institute, National Applied Research Laboratories (TORI)…

SBM Offshore inks Petrobras FPSO bid

Dec 16, 2015

Amsterdam-based SBM Offshore announced that it received from Petrobras the formal invitation to tender for the Sépia and Libra FPSOs (floating production, storage and offloading), as referenced in the company’s Q3 trading update of 11 November…

Wood Group bags main Statoil deal

Dec 16, 2015

Wood Group has been awarded a main contractor framework agreement worth approximately US$400 million to deliver maintenance and modification services to four Statoil installations on the Norwegian continental shelf (NCS). Wood Group Mustang Norway will provide this support for the Snorre A&B…

Laminaria to test wave technology at EMEC

Dec 15, 2015

The European Marine Energy Centre (EMEC) has signed Flemish wave energy developer Laminaria to test its innovative wave energy converter at EMEC's grid-connected wave test site at Billia Croo, off the west coast of Orkney, Scotland. Laminaria's technology…

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