Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) today announced that is has completed the acquisition of the Cidade de Rio das Ostras (Rio das Ostras) floating production storage and offloading (FPSO) unit from Teekay Corporation (Teekay) for a purchase price of approximately $158
– Ebitda rose 25.3% and net earnings by 25.2% due to diversification and solid assets – Ebitda rose 19.4% driven by an increased contribution from wind, higher production and capacity, as well as greater efficiency, offsetting the negative impact of gas – Installed capacity exceeded 12,000 MW wh
Norskan Offshore and DOF Subsea Brazil, two subsidiaries of DOF ASA have been awarded three 5 years contracts with Petrobras for RSV vessels (ROV Support Vessel). Geograph and two other vessels will be utilized for these contracts. Expected commencement for the contracts will be 1st half 2011 for tw
EnCore Oil plc notes the announcement today by Sterling Resources Ltd (“Sterling”), operator of the Cladhan discovery on UK Northern North Sea Block 210/29a. Sterling has received an independent resource evaluation from RPS Energy on the gross contingent and prospective oil in place estimated to exi
Lamprell , a leading provider of specialist engineering services to the international oil & gas and renewables industry, confirms that pursuant to an announcement issued earlier today by Eurasia Drilling Company Limited (“Eurasia”), it has entered into a Memorandum of Understanding with Eurasia for
Songa Offshore SE announces that a Letter Of Intent (LOI) has been received from Statoil Petroleum AS for the use of Songa Dee for a 3 years firm plus 1 year option Drilling Contract on the Norwegian Continental Shelf. The LOI is conditional to Partner approval and mutual agreement of contract terms
Fluor Corporation (NYSE: FLR) today announced that its third quarter results will include a charge of approximately $163 million, or $0.90 per share, for estimated cost increases on the Greater Gabbard Offshore Wind Project. During the third quarter, the project experienced a variety of execution ch
A subsidiary of Fred. Olsen Windcarrier AS, which is indirectly owned 50/50 by Bonheur ASA and Ganger Rolf ASA, has entered into a contract for the specialized transport and installation vessel for offshore wind turbines “Brave Tern” with the Belgian offshore company GeoSea NV. Duration of the contr
Halliburton announced today that net income for the third quarter of 2010 was $544 million, or $0.60 per diluted share. The third quarter results were unfavorably impacted by a non-cash impairment charge for an oil and gas property of $32 million, after-tax, or $0.04 per diluted share, and higher ta
The exploratory well GS-KV-1 drilled in the IF PEL block in KG Basin- Shallow offshore to a depth of 2,908m, produced gas from interval 2,698-2,696m & 2,694-2,691m @ 81,910 m3/d & condensate @ 47 bbls/d (6.4 m3/d) through 6 mm bean and from another interval 2677- 2672m @ 1,26,583 m3/d & condensate @
Vroon Offshore Services (VOS) have taken delivery of a new addition to their offshore fleet. The VOS Prevail, a platform-supply vessel, is the last in a series of four vessels built at Cochin Shipyard in India. She is a standard Rolls Royce UT-755 LN design platform-supply vessel The vessel was deli
DryShips Inc. , a global provider of marine transportation services for dry bulk cargoes and off-shore contract drilling oil services, announced today that its fully-owned subsidiary Ocean Rig UDW Inc. has signed definitive documentation following the previously announced Letter of Award. The contra
Ophir Energy plc (Ophir) announced that a Heads of Agreement (Agreement) has been entered into with ASX-listed FAR Limited (FAR). The Agreement enables FAR to immediately acquire a 10% interest in the AGC Profond PSC offshore Senegal and Guinea Bissau and gives Ophir the right to acquire a 25% inter
IHC Parts & Services, part of IHC Merwede has announced a new joint agreement with Bakker Sliedrecht for the condition monitoring of dredging vessels. This will see the two companies combining forces to supply a unique range of specialist and high-quality services to customers that in turn will enab
