Launching ceremony for 69.9m Anchor Handling TugSupply Vessel YX3137 built for Tidewater was held in Yuexin Shipyard. Andy Tunnah, the Project Superintendent of Tidewater and Mr. Tan Weibo, the Board Director of Yuexin Company and other senior managers attended the ceremony. The vessel was launched
Reliance Industries Limited (RIL), India’s largest private sector firm, has withdrawn from an offshore oil exploration block in the Sea of Oman, authorities confirmed here yesterday. Block 18, a 21,140 sq km concession located off the Batinah coast, was relinquished by the conglomerate’s wholly owne
Wood Group PLC today announced 2011 first half results. Financial Highlights Total revenue6 of $2,828.8m (2010: $2,409.7) up 17% Total EBITA2,6 of $192.0m (2010: $153.3m) up 25% Revenue from continuing operations, including PSN since acquisition and excluding Well Support, of $2,481.8m (2010: $1,95
Eidesvik today announced second quarter results for 2011. Operating result before depreciation (EBITDA) for Q2 2011 is MNOK 114,7 compared to MNOK 137,6 for the same period last year. Operating income is MNOK 252,0 compared to MNOK 271,8 for the same period last year. Operating result before depreci
Discovery Offshore S.A. announced yesterday an agreement with Keppel FELS to extend the exercise date on the first rig construction option to late October 2011. If the Company elects to exercise the first option, rig delivery will be scheduled for the third quarter of 2014, an extension of two month
Songa Offshore SE announced that the Company has finalized a new bank facility in the amount of USD 420 million. The new facility has a repayment profile of 8.5 years and will be used to finance the delivery of the ultra-deepwater semisubmersible Songa Eclipse, currently ready for delivery from Juro
Jubilant announces settlement of the ongoing arbitration with Tap Oil in connection with Permit T-47/P located in Australian waters. Under the terms of settlement, Jubilant has paid AUD 1.67 million (approximately USD 1.62 million) in full and final settlement against a claim of AUD 3.24 million (ap
Forum Subsea Solutions, a division of Forum Energy Technologies, Inc., announced the sale of a Sub-Atlantic, Super Mohawk II ROV (Remotely Operated Vehicle) system to Abyss International Benthic Exploration S.A.R.L. of Montpellier, France. The Super Mohawk II is an ROV system suitable for observatio
Kreuz Holdings Limited, a subsea services provider for the oil and gas industry, today announced that the Group has been awarded subsea installation contracts worth approximately US$25 million, by a leading offshore construction company in the oil and gas business located in Middle East. The contrac
Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) Director Michael R. Bromwich announced that BOEMRE will hold the first oil and natural gas lease sale in the Gulf of Mexico since the Deepwater Horizon explosion and oil spill. Consistent
Hyperdynamics Corporation announced today that the Jasper Explorer drill ship has left its home port in Singapore and is now being mobilized to Hyperdynamics’ first exploration drilling site offshore the Republic of Guinea in Northwest Africa. The initial well, the Sabu-1, is scheduled to begin dril
Norwegian Energy Company ASA (Noreco) today held an extraordinary general meeting. The Nomination Committee’s proposal for new board members was unanimously approved. After this, Noreco’s board of directors consists of the following members elected by the shareholders: Ståle Kyllingstad, chairperson
69.9m AHTS-BOYD TIDE YX3133 built by Yuexin Shipbuilding Company for Tidewater Marine has been delivered successfully, The vessel was built strictly based on the requirements of owner, ABS, and IMO. With protective double shells, water and oil are separated to prevent the environmental pollution. Wi
Keppel Corporation Limited announces that its associated company, Aqua Pellentesque Ltd, has entered into an Amalgamation Agreement with Floatel International Ltd on 21 August 2011. This agreement paves the way for Keppel, with a current stake of 31.7% in Floatel, and other shareholders of Aqua, to
