Shareholders of NStar (NYSE:NST) will be asked to approve the proposed merger with Northeast Utilities (NYSE: NU) at a special meeting March… (bizjournals) [mappress] Source: bizjournals, January 04, 2011
W&T Offshore, Inc. announced that the Company will be presenting at the Pritchard Capital Partners 2011 Energize Conference being held at the Westin San Francisco Market Street Hotel on January 5 – 6, 2011. Tracy Krohn, W&T Offshore’s Chairman and Chief Executive Officer, is scheduled to present on
Fairstar Heavy Transport NV (FAIR) has signed a contract with DSME to transport FPSO components from Angola to Korea for the CLOV FPSO. The contract value is USD 4,800,000. The open-stern semi-submersible vessel FJORD will perform the transport, scheduled at the end of 2011. This is the third marine
Seadrill has entered into an agreement to acquire the two ultra-deepwater semi-submersible drilling rigs, Seadragon I and Seadragon II. The total project price for the two rigs, which are currently under construction at the Jurong Shipyard in Singapore, is estimated to be approximately US$1.2 billio
MODEC Offshore Production Systems (Singapore) Pte Ltd. has awarded Aker Solutions’ wholly-owned subsidiary Aker Marine Contractors a mooring installation contract for hook-up of the Bourgogne FPSO offshore Angola. Contract value is approximately USD 30 million. MODEC will supply the PSVM FPSO to BP
Cnooc , China’s largest offshore oil explorer, will not bid for a stake in Brazil’s OGX Petroleo & Gas Participacoes SA, the company … By Gordon Wilcox (Benzinga) [mappress] Source: Benzinga, January 3, 2011;
Petrobras states that in December it reached three new records in Brazil for monthly, annual and daily oil production averages. The monthly average for December will be approximately 2,120 thousand barrels a day, against the previous record from April at 2,033 thousand barrels. The volume produced o
Plains Exploration & Production Company) announces it has completed the divestment of its Gulf of Mexico shallow water shelf properties to McMoRan Exploration Co. . The transaction was approved by McMoRan shareholders at a special meeting of the stockholders held today. At closing and after prelimin
Mr. Kjell E Jacobsen has served notice that he would like to retire from the Board of Seadrill Limited effective from December 31, 2010. Mr. Jacobsen started to work for offshore drilling company Smedvig in 1991 and was the Company’s CEO from end of 2001 to 2006. In 2006, Mr. Jacobsen was instrument
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
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
