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Business & Finance

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EquipmentTechnology
Singapore: Keppel Seals US$360 mil Contract with Asia Offshore Drilling for Two Newbuild Jackups
Business & Finance

Singapore: Keppel Seals US$360 mil Contract with Asia Offshore Drilling for Two Newbuild Jackups

Keppel FELS Limited (“Keppel FELS”)announces that it has signed a contract to build two proprietary KFELS B Class jackup rigs worth US$360 million with Asia Offshore Drilling Limited (“AOD”), a 49% owned affiliate of Mermaid Maritime Public Company Limited (“Mermaid”). This follows a Letter of Inten

about 15 years ago
USA: Ensco plc Sublets ENSCO 8503 Ultra-Deepwater Semisubmersible Drilling Rig
Business & Finance

USA: Ensco plc Sublets ENSCO 8503 Ultra-Deepwater Semisubmersible Drilling Rig

Ensco plc announced today that a subsidiary of the Company has sublet ENSCO 8503, a new ultra-deepwater semisubmersible drilling rig that recently mobilized to the U.S. Gulf of Mexico. ENSCO 8503 is scheduled to begin sea trials shortly. Under the sublet agreement, once rig acceptance procedures hav

about 15 years ago
UK: Ithaca Energy Awards Flowline Installation & FPSO Mooring System Contract for Athena Field
Business & Finance

UK: Ithaca Energy Awards Flowline Installation & FPSO Mooring System Contract for Athena Field

Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited (“Ithaca” or the “Company”), an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces that the contracts for the installation of subsea equipment and

about 15 years ago
Indonesia: Drydocks World Begins Construction of Leading Edge US$110 million Compact Semi-Submersible Vessel
Business & Finance

Indonesia: Drydocks World Begins Construction of Leading Edge US$110 million Compact Semi-Submersible Vessel

Drydocks World recently held a keel laying ceremony for a state-of-the-art Compact Semi-Submersible (CSS) vessel. „The Derwent‟ is being built for integrated energy services provider Hallin Marine Subsea International Ltd, a Superior Energy Services company, at Drydocks World‟s Nanindah shipyard at

about 15 years ago
Aker Solutions Establishes Factory in South Korea and Signs Prestigious Deck Machinery Contract
Business & Finance

Aker Solutions Establishes Factory in South Korea and Signs Prestigious Deck Machinery Contract

Aker Solutions has set up a new manufacturing facility in South Korea for the production of Pusnes deck machinery™. Aker Solutions has among several major contracts signed a contract for the delivery of Pusnes deck machinery™ for the prestigious “Pieter Schelte”-project, the world’s largest platform

about 15 years ago
Canada: Janice Odegaard Appointed Suncor Energy Senior Vice President and General Counsel
Business & Finance

Canada: Janice Odegaard Appointed Suncor Energy Senior Vice President and General Counsel

Suncor Energy announced the appointment of Janice Odegaard to the position of senior vice president and general counsel. In this role, Odegaard will be responsible for all legal and regulatory matters across the company and will work closely with Suncor’s Board of Directors on matters of corporate g

about 15 years ago
Falkland Islands: Preliminary Results Show that Rachel North Well is an Oil Discovery
Business & Finance

Falkland Islands: Preliminary Results Show that Rachel North Well is an Oil Discovery

Desire Petroleum plc the oil and gas company wholly focussed on the North Falkland Basin, wishes to advise that the 14/15-2 Rachel North well has reached a total depth of 3052 metres. Preliminary data collected indicate that this well is an oil discovery. The company has run an initial suite of wire

about 15 years ago
UK: Swathe Services Announces First Sale of SONIC 2024
Business & Finance

UK: Swathe Services Announces First Sale of SONIC 2024

Swathe Services sales division is delighted to announce our first UK sale of the SONIC 2024 wideband high resolution shallow water multibeam echosounder. Within a matter of days of announcing the inclusion of the SONIC2024 in our rental pool of survey equipment we immediately supplied two systems fo

about 15 years ago
UK: Aquamarine Power Awards USD $6.2 Million Oyster 2 Contract to Bifab
Business & Finance

UK: Aquamarine Power Awards USD $6.2 Million Oyster 2 Contract to Bifab

Wave energy developer Aquamarine Power today announced its next-generation Oyster wave energy device is to be built in Scotland by leading fabrication contractor Burntisland Fabrications Ltd (“BiFab”). The news follows last week’s announcement of £11 million new investment in Aquamarine Power by mul

about 15 years ago
Russia: E.ON Sells Gazprom Stake
Business & Finance

Russia: E.ON Sells Gazprom Stake

E.ON has sold the 3.5 percent stake in Gazprom held by its subsidiary E.ON Ruhrgas. E.ON reached an agreement to sell a 2.7 percent Gazprom stake to Vnesheconombank (VEB), Russia’s state-owned investment bank. The payment of the purchase price and the transfer of the stock to VEB are expected to tak

about 15 years ago
EnerMech Invest in New HQ, Middle East and Singapore Bases
Business & Finance

EnerMech Invest in New HQ, Middle East and Singapore Bases

Mechanical engineering specialist, EnerMech, has backed up its ambition to develop a global business with the £4 million purchase of its headquarters building in Aberdeen. In addition to the purchase of the previously leased property, a £400,000 refurbishment programme is underway, which includes pl

about 15 years ago
Norway: Eidesvik Offshore Confirms Vessel no 2 with Kleven Maritime
Business & Finance

Norway: Eidesvik Offshore Confirms Vessel no 2 with Kleven Maritime

In July this year Kleven Maritime entered into a contract with Eidesvik Offshore for the delivery of one advanced Platform Service Vessel of the VS 489 LNG design, with one optional vessel to be declared before December 1st 2010. This option has now been declared. The vessels are to be outfitted at

about 15 years ago
BG Group Announces Another Gas Discovery Offshore Tanzania
Business & Finance

BG Group Announces Another Gas Discovery Offshore Tanzania

BG Group today announced that its second Tanzanian exploration well, Chewa-1, has also discovered gas. The well, located in Block 4 approximately 80 kilometres offshore southern Tanzania in a water depth of around 1 300 metres, is some eight kilometres north-west of BG Group’s Pweza-1 gas discovery

about 15 years ago
Australia: Troy Hayden Commences as CEO & Managing Director of Tap Oil
Business & Finance

Australia: Troy Hayden Commences as CEO & Managing Director of Tap Oil

Mr Troy Hayden commences today as Tap Oil’s Chief Executive Officer and Managing Director. Mr Hayden’s appointment was previously announced on 27 October; this earlier announcement provides details of Mr Hayden’s background. Mr Hayden succeeds Mr Peter Stickland, who has resigned as a Director and w

about 15 years ago
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