Essar Shipping Ports and Logistics Ltd (ESPLL) is in the process of investing $1.1 billion to acquire 12 new vessels and two jack-up rigs… By Hamit Mitra (Hindu Business Line) [mappress] Source:Hindu Business Line, January 10, 2011;
Subsea 7 S.A. announced on Friday January 7, 2011 that the combination between Acergy S.A. and Subsea 7 Inc. was completed following the closing of Oslo Børs on that day. On completion the Company’s name changed to Subsea 7 S.A. and the restated Articles of Incorporation approved by Acergy S.A.’s sh
Hess Corporation announced 2011 capital and exploratory budget of $5.6 billion, nearly all of which is targeted for Exploration and Production: $3.1 billion for production, $1.6 billion for developments and $900 million for exploration. John B. Hess, Chairman and CEO, stated, “We are pleased to have
MEO Australia Limited has been advised by the Western Australian Department of Mines and Petroleum as the Delegate of the Designated Authority on behalf of the Western Australia Offshore Joint Authority, that exploration permit WA-361-P has been granted a five (5) year renewal term from 31st January
Kosmos Energy announces today that the Tweneboa-3 appraisal well has encountered gas-condensate in high-quality sandstone reservoirs on the Deepwater Tano Block offshore the Republic of Ghana. The results of drilling, wireline logs and reservoir fluid samples, in addition to the well’s downdip posit
Songa Venus achieved operating efficiency of 100% during the month. The rig completed its well for MEO Australia under contract farm out from Shell Development (Australia) during the month and the rig commenced mobilization to Total E&P Australia location to start a 2 firm + 1 option well contract.
BG Group and partners announced a tender process for the charter of two further Floating Production, Storage and Offloading (FPSO) vessels to be used in the full field development of the discoveries on blocks BM-S-9 and BM-S-11 in the Santos Basin, offshore Brazil. The two latest FPSOs build upon th
Forum Energy Technologies, Inc. (FET) announced that its Subsea Solutions business has released VMAX 2.0, an extensive upgrade to their existing VMAX Project Simulator software. VMAX is used by operators, service companies and engineering firms to run simulations of complex situations in a subsea en
Salamander Energy plc, the Asia focussed independent oil and gas exploration and production company, provides an operational update on its forthcoming drilling activity in Block B8/38, Gulf of Thailand (Image above). The Ocean Sovereign jack-up rig, contracted for the B8/38 drilling campaign, is cur
Trelleborg has marked the start of work on its new Brazil facility with a sod-cutting ceremony at the site in Macaé. The new facility, due to open towards the end of 2011, will manufacture Trelleborg Offshore’s complete product portfolio, which includes a wide range of polymer-based solutions for of
On the recommendation of Jacques de Chateauvieux, the Board of Directors of BOURBON, meeting on December 6, 2010, decided to separate the functions of Chairman of the Board of Directors and Chief Executive Officer, with effect from January 1, 2011. Jacques de Chateauvieux, previously Chairman & Chie
Marco Polo Marine Ltd , a growing integrated marine logistic group announces that its Singapore incorporated wholly-owned subsidiary, Marco Polo Offshore (II) Pte Ltd has signed a memorandum of agreement to purchase a utility vessel for a total cash consideration of US$4.87 million. The Utility Vess
The Norwegian firm Seadrill will set up its ‘West Juno’ gas drilling rig in Burmese waters to undertake contract work for the Thai oil … by Thomas Maung Shwe (Mizzima) [mappress] Source:Mizzima News Agency, January 7, 2011;
ClampOn will deliver subsea monitors to the Statoil operated Pan Pandora Project. Pan Pandora is an offshore oil and gas field located in water depths of approximately 950 feet (290 meters) in the Norwegian sector of the North Sea. ClampOn will deliver subsea sand monitors to FMC who has the contrac
