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Fossil Energy

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Greece: Dryships Announces $325 Million Bridge Loan Facility
Fossil Energy

Greece: Dryships Announces $325 Million Bridge Loan Facility

DryShips Inc. , a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that its subsidiary, Drillships Hydra Owners (the owning company of the Ocean Rig Corcovado), has signed a commitment letter with an international len

about 16 years ago
USA: Noble Corporation Provides Update on Noble Jim Day Rig
Fossil Energy

USA: Noble Corporation Provides Update on Noble Jim Day Rig

Noble Corporation announced that a subsidiary has received notice from Marathon Oil Company (Marathon), its customer for the ultra-deepwater semisubmersible Noble Jim Day, of Marathon’s intent to exercise its right of termination if the unit does not commence operations by December 31, 2010. As prev

about 16 years ago
Australia: Oceaneering Announces BHP Billiton Umbilical and Distribution Equipment Contract
Fossil Energy

Australia: Oceaneering Announces BHP Billiton Umbilical and Distribution Equipment Contract

Oceaneering International, Inc. announced that it has secured a contract with BHP Billiton Petroleum Pty Ltd, a subsidiary of BHP Billiton, Limited , to supply umbilicals and distribution equipment for development of the Macedon gas field off Western Australia. Oceaneering’s scope of supply is for a

about 16 years ago
Norway: AF Group Acquires Batservice Offshore Shipyard
Fossil Energy

Norway: AF Group Acquires Batservice Offshore Shipyard

AF Gruppen (AFG) has signed a letter of intent with Båtservice Holding to acquire 100% stake in Båtservice Offshore Shipyard. The acquisition is a step in the development of AF services to oil and gas market. Båtservice Offshore currently supplies maintenance and modification services to major oil a

about 16 years ago
Australia: Inspection of Gorgon Operator Identifies Major Safety Concerns that May Shut Job Down
Fossil Energy

Australia: Inspection of Gorgon Operator Identifies Major Safety Concerns that May Shut Job Down

An inspection of Gorgon contractor Boskalis and their cranes and rigging equipment by the Gorgon Project manager Kellogg Joint Venture (KJV) has identified significant areas of concerns, MUA National Secretary Paddy Crumlin said today. Mr Crumlin said if the issues identified were not addressed then

about 16 years ago
Norway: Drilling Safety Verified on Gullfaks
Fossil Energy

Norway: Drilling Safety Verified on Gullfaks

A detailed review of planned drilling and well operations has been carried out on Gullfaks since Statoil halted such work on the North Sea field on 10 November. This check has aimed to ensure that the group’s management system is being complied with, and that risk assessments of these activities are

about 16 years ago
Bermuda: Teekay Offshore Partners Announces Public Offering of 5,600,000 Common Units
Fossil Energy

Bermuda: Teekay Offshore Partners Announces Public Offering of 5,600,000 Common Units

Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) announced today that it plans to offer 5,600,000 common units, representing limited partner interests, in a public offering. Teekay Offshore expects to grant the underwriters a 30-day option to purchase an additional 840,000 common u

about 16 years ago
Singapore: Seadrill Takes Delivery of Sixth KFELS B Class Jackup Rig
Fossil Energy

Singapore: Seadrill Takes Delivery of Sixth KFELS B Class Jackup Rig

Keppel FELS Limited (Keppel FELS) has delivered the KFELS B Class jackup rig, West Juno, to Seadrill Jack-ups Limited (Seadrill) on time, within budget and with a perfect safety record. Mr Wong Kok Seng, Executive Director of Keppel FELS, said, “We are proud to have maintained an outstanding track r

about 16 years ago
Nido Petroleum: Geochemical Results Confirm Exploration Potential of Deepwater SC 58, Philippines
Fossil Energy

Nido Petroleum: Geochemical Results Confirm Exploration Potential of Deepwater SC 58, Philippines

Nido Petroleum Philippines Limited (‘Nido), on behalf of the SC 58 Joint Venture, is pleased to provide an update on the final results of detailed geochemical analysis conducted on the liquid hydrocarbons detected in cores acquired during the multi-beam and deepwater sea-bed coring project in April

about 16 years ago
Australia: AWE’s Silvereye-1 Starts Drilling
Fossil Energy

Australia: AWE’s Silvereye-1 Starts Drilling

AWE Limited reports that the Silvereye-1 well started drilling at 0000 hours on December 3, 2010. As at 0900 hours today, the well was at a depth of 140 metres and was circulating prior to pulling out of hole to run conductor. Silvereye-1 is an exploration well located in the offshore Bass Basin wit

about 16 years ago
Norway: Vega Field Provides Increased Production
Fossil Energy

Norway: Vega Field Provides Increased Production

Yesterday, 2 December, production commenced on the Vega gas and condensate field off Norway’s west coast. This will be an important contribution to Statoil’s production on the Norwegian shelf. The Vega field has been developed with three seabed templates, sending gas and condensate to the Gjøa platf

about 16 years ago
Chevron Deepwater Gas Project in Indonesia Enters Design Phase
Fossil Energy

Chevron Deepwater Gas Project in Indonesia Enters Design Phase

Chevron Corporation today announced the award of major front-end engineering and design (FEED) contracts for the Gendalo-Gehem natural gas development in East Kalimantan, Indonesia. The Chevron-operated Gendalo-Gehem project is located in the Makassar Strait offshore East Kalimantan in water depths

about 16 years ago
Statoil Awarded Licences Offshore Canada
Fossil Energy

Statoil Awarded Licences Offshore Canada

The licences include a Significant Discovery Licence (SDL) and three Exploration Licences (ELs) off the coast of Newfoundland, awarded through a land sale issue by the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB). “We are very pleased to learn that we have been successful in a

about 16 years ago
EXPRO’s New Subsea Centre Wins Building Development Award
Fossil Energy

EXPRO’s New Subsea Centre Wins Building Development Award

International oil field services company Expro has won two important design awards for its new subsea centre in Cumbria. The Subsea Excellence Centre, in Ulverston, is the manufacturing headquarters for Expro Connectors and boasts solar power and rainwater capture devices. The 114,377 sq ft building

about 16 years ago
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