Nido Petroleum Limited announced that the ‘Atwood Falcon’ deepwater semi-submersible drilling rig spudded the Gindara-1 exploration well at 00:45 hrs on 20 May 2011. The Atwood Falcon rig arrived over the Gindara-1 location at approximately 02:00 hrs on 18 May 2011. Following the setting of the prim
BP today announced that it has reached agreement with MOEX Offshore 2007 LLC (“MOEX”) and its affiliates, Mitsui Oil Exploration Co., Ltd. and MOEX USA Corporation to settle all claims between the companies related to the Deepwater Horizon accident. MOEX – which had a ten per cent interest in the Ma
Diamond Offshore Drilling, Inc. today announced that a subsidiary, Diamond Offshore Drilling Limited, has exercised its option to build a third ultra-deepwater drillship with Hyundai Heavy Industries Co., Ltd. with delivery scheduled for the second quarter of 2014. Total cost, including commissionin
The Board of Royal Dutch Shell plc (Shell) has taken the final investment decision on the Prelude Floating Liquefied Natural Gas (FLNG) Project in Australia (100% Shell), building the world’s first FLNG facility. Moored far out to sea, some 200 kilometres from the nearest land in Australia, the FLNG
Stressing the importance of scientific integrity in decision-making regarding offshore energy development, Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) Director Michael R. Bromwich today highlighted the role of the bureau’s Outer Continental Shelf (OCS) Scientific Committee
Farstad Supply AS, a wholly owned company of Farstad Shipping ASA, has reached an agreement to sell the PSV Far Sleipner (1984, ME 202, 3.067 DWT). The vessel has recently finished its charter party with Petrobras in Brazil. Delivery of the vessel to the new owner is expected to take place by the tu
Recently, H.E. U Than Htay, the Minister of Energy of the Union of Myanmar (Center) and Mr. Kanok Intharawijitr, General Manager PTTEP International Ltd. a subsidiary of PTT Exploration and Production Plc. or PTTEP jointly opened the testing valve on the drilling rig of the exploration well Aung Sin
Mechanical engineering company EnerMech has been awarded a £300,000 contract for hose integrity management by CAN. The contract covers hose inspection and replacement on 12 UKCS onshore and offshore assets and was won in a competitive tender. EnerMech will provide CAN with complete visibility of the
In a major advance in centrifugal compressor technology, Dresser-Rand Group Inc. (“Dresser-Rand” or “the Company”) announced today that it has successfully engineered, manufactured and tested what is believed to be the world’s highest density centrifugal compressor for re-injection service. While th
The Board of Gasol announces that it has entered into an exclusive Project Option Agreement (“Option Agreement”) with Moni Pulo (Petroleum Development) Limited (“Moni Pulo”) in respect of all of the gas in Nigerian offshore licence area, OML 114. During the exclusivity period, Gasol will have an opp
JSC Shipyard Zaliv (Kerch, Crimea) and large Norwegian ship owning company Argali Holdings Ltd have signed the contract for construction of offshore drilling rigs supply vessel (project 832 CD). By words of Nikolay Kuzmenko, chief of Supervisory Board of shipyard Zaliv the peculiarity of this contra
Environmental waste management contractor TWMA has been awarded a £4million contract extension by TOTAL E&P UK Limited for continued drilling-waste management services in the UK North Sea. The Aberdeen-headquartered firm has been contracted for a further two years to process and handle drill cutting
Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA , has entered into a Letter of Award for the provision of the semi-submersible drilling rig Bredford Dolphin with Lundin Norway AS for operation on the Norwegian Continental Shelf. The contract is for a six well drilling program with an est
Farstad Shipping achieved an operating income of NOK 801.0 million (USD 144.65 million) for the 1st quarter. The operating profit (EBIT) was NOK 142.8 million (USD 25.78 million). The profit after taxes was NOK 90.4 million (USD 16.32 million). Contract coverage The contract coverage of the Farstad
