![Bermuda: Seadrill Announces Changes to Board Composition]()
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 instrumental in order [...]
![Finland: Wartsila Introduces New More Powerful Version of Its Wartsila 32 Engine]()
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 highly efficient and reliable solution for a [...]
December 31, 2010 | Posted in
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Read More » 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 the tubing. As a [...]
![Dockwise to Transport Jack & St. Malo Hull from Korea to the Gulf of Mexico.]()
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 [...]
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Read More » ![Norway: BW Offshore Successfully Secures Long Term Financing]()
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 credit facilities, as well as to finance further growth for [...]
![Platinum Explorer Drillship Starts with Operations in India]()
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 Bragg, Chairman and Chief Executive Officer, commented, “I congratulate our team and partners for outstanding [...]
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Read More » ![Turkmenistan: Dragon Oil Announces Completion and Initial Testing of Dzheitune Well]()
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 metres by the NIS rig and completed with dual strings. [...]
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Read More » ![Petrofac Awarded US$280 Million Offshore Contract by Petronas in Malaysia]()
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 awarded following a competitive tender and first oil is [...]
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Read More » ![Australia: New Seaclem 1 Well Off NSW Shows No Hydrocarbons Yet]()
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″ pilot hole to [...]
December 30, 2010 | Posted in
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Read More » ![Norway: Bergen Oilfield Services Wins North Sea 3D Acquisition Contract]()
Bergen Oilfield Services AS (BOS) is delighted to announce that we have signed a contract with LOTOS Exploration and Production Norge AS, acting as Operator on behalf of the License Group in PL 503, of a 1563 sqkm acquisition program of 3D Seismic Data in the area of PL 503 in the southern part of [...]
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