Friede And Goldman Ltd News

 

Two Join Deep Down Board

Apr 16, 2019

Houston based deepwater oil and gas production and distribution equipment and services company Deep Down announced on Tuesday that it has appointed to experienced small cap investors to its board of directors.David J. Douglas and Neal I. Goldman fill two recent vacancies on the board…

Murphy Oil Sells Malaysian Assets

Mar 21, 2019

Murphy Oil Corp said on Thursday it is exiting Malaysia with the $2.13 billion sale of its oil and gas assets to a Thai company and will use the deal proceeds to pay down debt, buy back shares and fund potential deals in the United States.The buyer…

ExxonMobil down-mans Sable ahead of storm

Jan 04, 2018

ExxonMobil has down-manned facilities offshore Canada in advance of a winter storm expected to sweep through the area, says the Canada Nova Scotia Offshore Petroleum Board (CNSOPB).  The National Oceanic…

Noble Corp. names new CFO

Nov 21, 2016

Noble Corp. has appointed Adam C. Peakes, 43, as the company’s new senior vice president and chief financial officer, effective 23 January 2017. The announcement comes nine months after previous CFO James A. MacLennan resigned in late-February…

INEOS secured US$294 million financing

Sep 08, 2016

INEOS UK E&P Holdings has secured a five-year US$294,000 million (£220 million) reserve-based lending facility, which it plans to use to acquire future projects.  The facility, the firm's first reserves based lending facility, was secured…

Petrovietnam delivers jackup

Aug 12, 2016

Petrovietnam Marine Shipyard (PV Shipyard) is due to deliver the Tam Dao 05 jackup drilling rig to its client today (12 August). Earlier this week, the firm completed full height jacking trials on the rig.  Tam Dao 05 is a Friede and Goldman JU-2000E design…

Maersk acquires newbuild jackup from Hercules

May 27, 2016

Maersk Drilling has agreed to acquire the newbuild harsh environment jackup rig Hercules Highlander from struggling US drilling contractor Hercules Offshore. Hercules was awarded a five-year contract by Maersk Oil for use of the rig on the Culzean high-pressure…

Taking drillships to deeper levels

May 01, 2016

Ken Richardson and Ian Simpson, of ABS, review current deepwater drillship designs and technologies. Friede & Goldman’s DS3810 deepwater drillship design, which is being evaluated by ABS for AIP…

Wear and tear

Jan 01, 2016

Audrey Leon spoke with DNV GL’s Michiel van der Geest about its new joint industry project regarding wear acceptance criteria for jacking systems. Currently 13 companies have signed on to the project, which aims to provide criteria for better assessing self-elevating units…

Eni to sell remaining Galp shares

Nov 20, 2015

Eni is in the process of selling the rest of its share in Galp Energia. The Italian giant began, through an accelerated bookbuilding procedure, the sale of 33,124,670 ordinary shares of Galp Energia, corresponding to the entire participation…

Paragon closes sale-leaseback and extends jackup delivery

Jul 24, 2015

Paragon Offshore announced that certain wholly-owned subsidiaries of the company, which were part of the company's acquisition of Prospector Offshore Drilling have closed the combined US$300 million sale-leaseback financing facility that was announced on 4 June 2015…

Meet Granherne’s Richard D’Souza

Jul 01, 2015

Richard D'Souza Richard D’Souza’s career reads like a history of offshore energy development. Jeannie Stell gets his perspective. Reading the resume of Richard D’Souza, current vice president of Granherne Global Operations…

Paragon in jackup sale-leaseback deal

Jun 04, 2015

Houston-based Paragon Offshore entered into a US$300 million sale-leaseback agreement with SinoEnergy for two heavy-duty harsh environment jackup rigs. Propsector 1. From Paragon. According to the terms of the agreement…

Paragon targets Prospector takeover

Nov 17, 2014

Houston-based Paragon Offshore has launched a bid to take over Prospector Offshore Drilling by buying 55.8% of the Oslo stock market-listed drilling firm's stock. Paragon, which spun out of Noble Corporation in August this year, said…

F&G to begin using Siemens jacking control system

Sep 25, 2014

Houston-based Friede and Goldman, Ltd. (F&G), a naval architecture and marine engineer firm, approves the use of the Siemens jacking control system for use on their jackup rig designs. F&G says their customers will have an option to choose…

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