Repsol has agreed to sell 3.3% of YPF’s share capital to Eton Park and Capital investment funds for $500 million. The $39/share deal is in line with the most significant sales carried out during the last few weeks with YPF stock. Eton Park has acquired a 1.63% stake in YPF, for $250 million. Similar
The latest edition of the corporate magazine Prosafe NOW can now be downloaded from this web site. The magazine features amongst others articles about Prosafe’s future operations in Brazil, about the new group CEO, about the MSV Regalia – Safe Scandinavia rig change-out and about Prosafe’s safety fo
The fully owned subsidiary of A.P. Møller – Mærsk A/S, Mærsk Olie og Gas A/S (“Maersk Oil”), has agreed with SK Energy Co., Ltd. to acquire SK do Brasil Ltda. for USD 2.4 billion on a cash and debt-free basis. The acquisition is subject to customary conditions, including governmental approval and wi
Keppel AmFELS Inc., a wholly-owned US subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the third of four EXL jackup rigs to a subsidiary of Rowan Companies, Inc. (Rowan) ahead of schedule and within budget. The jackup was christened Rowan EXL-III yesterday by Mrs Barbara Ladner
ShawCor Ltd. announced its pipe coating division, Bredero Shaw, has received a contract with a value in excess of US$40 million to provide subsea insulation coatings for the Jack/St. Malo project, operated by Chevron North America Exploration and Production Company. The subsea flowlines and risers w
Dolphin AS, a subsidiary of Fred. Olsen Energy ASA , has entered into a Letter of Award with Premier Oil Norge AS for a one well drilling contract with the semi-submersible drilling rig Bredford Dolphin for operation on the Norwegian continental shelf. Commencement of the contract is estimated to Au
Aker Solutions has on 22 December 2010 entered into a share purchase agreement (SPA) whereby it has agreed to transfer operations within its Process and Construction business area to Jacobs Engineering Group Inc. (Jacobs), one of the world’s largest and most diverse providers of professional technic
AGR Drilling Services has signed contracts with Petrobras to provide its RMR® services for the corporation’s offshore operations. The two-year deals initially apply to operations in the Rio Grande do Norte/Ceara region, based in Natal. The Norwegian firm’s patented Riserless Mud Recovery system will
DryShips Inc. , a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that its Board of Directors has approved a share purchase program for up to a total of $25.0 million of common stock of its majority-owned subsidiary
Afren plc (“Afren” or the “Company”), issues the following update on development activities for the Ebok field, located offshore south east Nigeria. * Flow tests to date on three producers on the Central Fault Block have delivered a constrained aggregate rate of 12,500 bopd * Test data confirms init
The Rhode Island Manufacturers Association has filed a brief with the state Supreme Court that opposes a power-purchase agreement signed between the state’s largest electric utility and an offshore-wind power developer. The association submitted the amicus brief last week but has yet to learn whethe
Financing for the first phase of what will be the North Sea’s largest offshore wind farm has closed, with most of the funding commitment coming from the European Investment Bank. Eleven banks agreed to grant the request for 700 million euros ($918.82 million) for the first phase of the project. More
Seadrill has entered into a conditional agreement with BP Trinidad and Tobago LLC for a firm two year contract plus further one year option period for the newbuild semi-tender West Jaya offshore Trinidad and Tobago. Contract value for the firm period is approximately US$140 million including a mobil
ANCAP closed on December 13, 2010 an international tender for the acquisition of between 5.600 and 7.000 kilometers of 2D seismic data covering the Punta del Este and Pelotas basins as well as gravimetry and magnetometry data. Petroleum Geo-Services (Norway), CGG Veritas (France), GXT Ion (USA), Ref
