Technip was awarded by Offshore Oil Engineering Co, Ltd (COOEC) a pipeline installation contract for the Liwan 3-1 shallow water project, located in the Pearl River Mouth Basin, China Sea, at approximately 300 kilometers South of Hong Kong, China. With a total length of 260 kilometers, the pipeline
Sterling Resources Ltd. has announced the divestment of an interest in Cladhan, a significant improvement in the terms of the Breagh loan facility, and an update on the activity plan for the remainder of 2012. The Company has signed a sale and purchase agreement with TAQA Bratani Limited (“TAQA”) fo
Atwood Oceanics, INC. announced today that one of its subsidiaries has been awarded a three year contract extension by Chevron Australia Pty Ltd (“Chevron”), for the semisubmersible Atwood Osprey. The Atwood Osprey commenced its initial three year drilling services contract with Chevron on May 27, 2
Starting 26 April, the Norwegian Petroleum Directorate (NPD) will acquire 2D seismic in the southeastern part of the Barents Sea. The acquisition, to be carried out by the vessel M/V Artemis Atlantic, will last from six to eight weeks. In total, about 6 000 kilometres of seismic data will be acquire
After having pressure tested the BOP, Sevan Driller was back on full day rates at 1.30 am Brazilian time on Sunday, 22 April, 2012.
The Atwood Osprey, owned by the international drilling contractor Atwood Oceanics, started its first three year drilling services contract with Chevron on May 27, 2011
Maersk Drilling has signed a new contract with Centrica Energi at a value of at least USD 60 million. With this contract the company’s rig capacity in Norway is sold out until the second quarter of 2014. The demand for ultra harsh environment rigs keeps growing while rig supply remains tight. The co
Maersk Drilling has signed a new contract with Centrica Energi at a value of at least USD 60 million. With this contract the company’s rig capacity in Norway is sold out until the second quarter of 2014. The demand for ultra harsh environment rigs keeps growing while rig supply remains tight. The co
Qatar Islamic Bank (QIB), one of the largest Islamic banks in Qatar and one of the top-five Shari’a-compliant banks in the world, has announced the signing of a deal with the Middle East Dredging Company (Medco) to finance the company’s requirements to undertake access channel dredging work at the N
Niko Resources Ltd. reports that Zaratex N.V as operator of the Lhokseumawe PSC has initiated drilling operations on the Candralila-1 well in western Indonesia. Niko recently took a 30% non- operating participating interest in the PSC (government approvals pending). The Candralila-1 well is the firs
The vessels Frøyhav and Frøyfisk got the final approvals from Chilean authorities on 21 April 2012, and immediately thereafter commenced operations under the time-charter contracts with the companies Granja Marina Tornagaleones S.A. and Invertec Pesquera Mar de Chiloe S.A.. In connection with the re
Earlier this year ANDRITZ HYDRO increased its shareholding in Hammerfest Strøm AS and became the majority shareholder in the Company. Other major shareholders are the Spanish utility company Iberdrola and the local Norwegian utility company Hammerfest Energi. The company will operate under the name
ConocoPhillips today reported first-quarter earnings of $2.9 billion, compared with first-quarter 2011 earnings of $3.0 billion. Excluding $330 million of special items, first-quarter 2012 adjusted earnings were $2.6 billion. Special items were primarily related to gains on asset dispositions, parti
DOF and Maersk Oil North Sea UK Limited (Maersk) have agreed a 3 year extension of the contract for Skandi Caledonia. Maersk had, in accordance with the charterparty for the vessel, an option to extend the contract period with one year from 1st October 2012. This one yearly option has now been repla
