TX OSV Holdings Limited, a major global designer and shipbuilder of offshore and specialized vessels headquartered in Norway, announces its results for the second quarter and first half ended 30 June 2011. Financial and Operating Review Compared to corresponding periods in 2010, STX OSV’s operating
From 3 March to 21 June 2011, the Petroleum Safety Authority Norway (PSA) audited employee participation in Transocean’s HSE management Background In recent years, the PSA has directed special attention at partite cooperation and facilitation for employee participation in the petroleum activities. P
Coastal Energy Company announced the results of production testing on two additional wells at Bua Ban North B and the appraisal well at Songkhla H. The Bua Ban North B-05 well was completed using an electric submersible pump (“ESP”) and is currently producing 2,500 bopd from the Miocene interval. Th
Transocean Services AS, a wholly owned subsidiary of Transocean Ltd., today announced an all cash voluntary offer for 100 percent of the shares of Aker Drilling ASA for NOK 26.50 per share. The Board of Directors of Aker Drilling has unanimously recommended that its shareholders accept the Offer. On
Keppel Shipyard Ltd is on track to complete the modification and upgrading works on FPSO OSX-1, the first floating production storage and offloading (FPSO) unit for OSX Brasil S.A. (OSX). Chartered to OGX Petroleo e Gas Participacoes S.A. (OGX), FPSO OSX-1 will be deployed in the Waimea field, in Ca
The Cypriot media report that Noble Energy Inc. will begin drilling an offshore exploratory well at Block 12 on September 21. The well is… (globes) [mappress] Source: globes, August 14, 2011;
Shell U.K. Limited confirmed the oil leak in a flow line to Gannet Alpha platform is under control. The subsea well was shut in on Wednesday and the flowline on the seabed is now isolated and depressurized. Leakage of oil has been considerably reduced. “Shell takes all spills seriously, regardless o
Solstad Offshore ASA (SOFF) has through its subsidiary Solstad Offshore Asia Pacific Ltd in Singapore been awarded several new contracts. Nor Spring (AHTS / 2008 / 8.000 bhp) is contracted to Saipem Singapore for a firm period of 180 days with charterers option to extend for a further 120 days. Comm
The offshore construction vessel, Island Intervention, of the SX121 design from ULSTEIN was named today. Shipowner Island Offshore has great expectations for the new vessel, which will carry out advanced operations in the Norwegian Sea this autumn. Island Offshore is a world leader within light well
Shipping Corporation of India, the country’s largest shipping firm by fleet size, will hive-off its offshore business into a separate … Source: economictimes [mappress] Source: economictimes, August 12, 2011.
African Petroleum Corporation Limited commenced drilling its first exploration well in Liberia on 8 August 2011 with the Maersk Deliverer semi-submersible deepwater drilling rig. The Company has a 100% interest in Blocks LB-08 and LB-09 and is fully funded for a further 5 additional exploration well
Bahamas Petroleum, the oil and gas exploration company with offshore license permits in The Commonwealth of The Bahamas, announces that Dr Paul Crevello, Chief Executive Officer, has resigned with immediate effect for personal reasons. Following this resignation, Alan Burns, Non-Executive Chairman a
Solstad Offshore ASA (SOFF) have signed a Letter of Intent (LOI) with Subsea 7 for hire of SOFF’s offshore construction and support vessel (CSV) “Normand Oceanic”. The agreement is for a firm charter period of 3 years with 3 x 1 year option. Commencement is currently expected to be April 2012. The c
CNOOC Limited announced that, according to the latest statement by ConocoPhillips China Inc (COPC), the Operator of Penglai 19-3 oil field, more oil-based drilling mud (OBM) on the sea floor was identified. This addition brings the revised volume of OBM on the seabed to 400 cubic meters (2,500 barre
