Seadrill has entered into an agreement to acquire the two ultra-deepwater semi-submersible drilling rigs, Seadragon I and Seadragon II. The total project price for the two rigs, which are currently under construction at the Jurong Shipyard in Singapore, is estimated to be approximately US$1.2 billio
MODEC Offshore Production Systems (Singapore) Pte Ltd. has awarded Aker Solutions’ wholly-owned subsidiary Aker Marine Contractors a mooring installation contract for hook-up of the Bourgogne FPSO offshore Angola. Contract value is approximately USD 30 million. MODEC will supply the PSVM FPSO to BP
Cnooc , China’s largest offshore oil explorer, will not bid for a stake in Brazil’s OGX Petroleo & Gas Participacoes SA, the company … By Gordon Wilcox (Benzinga) [mappress] Source: Benzinga, January 3, 2011;
Petrobras states that in December it reached three new records in Brazil for monthly, annual and daily oil production averages. The monthly average for December will be approximately 2,120 thousand barrels a day, against the previous record from April at 2,033 thousand barrels. The volume produced o
Plains Exploration & Production Company) announces it has completed the divestment of its Gulf of Mexico shallow water shelf properties to McMoRan Exploration Co. . The transaction was approved by McMoRan shareholders at a special meeting of the stockholders held today. At closing and after prelimin
Mr. Kjell E Jacobsen has served notice that he would like to retire from the Board of Seadrill Limited effective from December 31, 2010. Mr. Jacobsen started to work for offshore drilling company Smedvig in 1991 and was the Company’s CEO from end of 2001 to 2006. In 2006, Mr. Jacobsen was instrument
Wärtsilä, the marine industry’s leading solutions provider, has introduced a more powerful version for marine applications of its popular Wärtsilä 32 engine. First introduced in the 1980s, and with more than 4000 units sold to the marine industry alone, the Wärtsilä 32 engine has proven to be a high
Orca Exploration Group Inc. (“Orca” or “the Company”) has announced that it will perform workovers in 2011 on two Songo Songo offshore natural gas wells (SS-5 and SS-9). Recent routine testing of all five Songo Songo producing gas wells has determined that there is the need for some remedial work on
Dockwise announces that it has signed a contract for USD 25 mln, with an affiliate of Chevron U.S.A. Inc. regarding the transportation of the Jack & St. Malo hull from Korea to the Gulf of Mexico. It is the intention of the parties that this contract – already included in the Q3 backlog as a [&helli
BW Offshore has concluded the syndication process for a USD 2.4 billion seven year senior secured credit facility. The credit facility was substantially oversubscribed by a group of 15 leading international banks. The facility will be used to refinance BW Offshore and Prosafe Production’s main credi
Vantage Drilling Company announces that the ultra-deepwater drillship, Platinum Explorer, commenced operations for Oil & Natural Gas Corporation Limited (ONGC) in India today. The Platinum Explorer is contracted for five years with corresponding estimated revenues of approximately $1.1 billion. Paul
Dragon Oil plc , an international oil and gas exploration and production company, announces the completion and initial testing of the Dzheitune (Lam) 28/151 development well and successful commissioning of the 14-inch in-field pipeline. The Dzheitune (Lam) 28/151 was drilled to a depth of 3,512 metr
Petrofac, the international oil & gas facilities service provider, has been awarded a contract by Petronas Carigali Sdn Bhd for the development of the SEPAT offshore early production system on the East coast of Peninsular Malaysia. The contract, which is valued at approximately US$280 million, was a
Bounty Oil & Gas NL (“Bounty”) announces progress report on the New Seaclem 1 well in PEP 11, offshore New South Wales. MEC Resources investee company Advent Energy Ltd (Advent) has reported: Progress since Last Report The well was spudded at 00.00 hours AEST 15 December 2010 and drilled the 9 7/8″
