Dockwise announces that it has signed a contract for USD 25 mln, with an affiliate of Chevron U.S.A. Inc. regarding the transportation of the Jack & St. Malo hull from Korea to the Gulf of Mexico. It is the intention of the parties that this contract – already included in the Q3 backlog as a [&helli
BW Offshore has concluded the syndication process for a USD 2.4 billion seven year senior secured credit facility. The credit facility was substantially oversubscribed by a group of 15 leading international banks. The facility will be used to refinance BW Offshore and Prosafe Production’s main credi
Vantage Drilling Company announces that the ultra-deepwater drillship, Platinum Explorer, commenced operations for Oil & Natural Gas Corporation Limited (ONGC) in India today. The Platinum Explorer is contracted for five years with corresponding estimated revenues of approximately $1.1 billion. Paul
Dragon Oil plc , an international oil and gas exploration and production company, announces the completion and initial testing of the Dzheitune (Lam) 28/151 development well and successful commissioning of the 14-inch in-field pipeline. The Dzheitune (Lam) 28/151 was drilled to a depth of 3,512 metr
Liquefied natural gas may help Great Britain deal with energy security but it exposes the market to global pressures, energy analysts said… (upi) [mappress] Source: upi, December 31, 2010;
The Department of Energy (DOE) and the World Bank are expected to work together to evaluate proposals for liquefied natural gas (LNG) develo… (philstar) [mappress] Source: philstar, December 31, 2010;
Repsol has approved the appointment of Miguel Angel Devesa del Barrio and Begoña Elices Garcia as Executive Officers of the company and members of the Executive Committee as from January 2011. Miguel Angel Devesa del Barrio who maintained the post of Corporate Director of Strategy and Corporate Deve
Wärtsilä, the marine industry’s leading solutions provider, has introduced a more powerful version for marine applications of its popular Wärtsilä 32 engine. First introduced in the 1980s, and with more than 4000 units sold to the marine industry alone, the Wärtsilä 32 engine has proven to be a high
The new Tuxpan Port project involves the construction of a new green-field 51,520 m2 cargo terminal container facility with the capacity of… (cg-la) [mappress] Source: cg-la, December 31, 2010;
The forthcoming port complex in Tan Thanh District, around 100 kilometres southeast of Ho Chi Minh City will create a new gateway to the … (cg-la) [mappress] Source: cg-la, December 31, 2010;
Petrofac, the international oil & gas facilities service provider, has been awarded a contract by Petronas Carigali Sdn Bhd for the development of the SEPAT offshore early production system on the East coast of Peninsular Malaysia. The contract, which is valued at approximately US$280 million, was a
Actor Stephen Baldwin has filed a lawsuit against Kevin Costner’s company, and claims the actor owns him $3.8 million dollars. Baldwin and a friend Spyridon Contogouris say they were tricked into selling their shares of respectively 10 and 28 per cent in Ocean Therapies Solutions.
Rig owner Sevan Marine has secured more cash for its offshore fleet through a new facility. New financing for US $480 million has been secured by the Norwegian-based drilling and floating production facility provider, through a new senior debt project finance facility which has been under-written by
The City of Sipalay is one of the cities in the province of Negros Occidental, Philippines, located in the most southwestern part of Negros Island . The place has a long history of land use that contributed to the degrading state of its watersheds. Being a highly mineralized area, mining exploration
