The Ulstein designed platform supply vessel ‘CBO Pacifico’ left the Estaleiro Alianca yard on 10 May 2012. The newbuild went straight into contract for Petrobras. The vessel is the second of the PX106 design delivered to CBO this year. “The finish and quality of these vessels are impeccable. We are very pleased with the good [...]
May 14, 2012 | Posted in
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Borders & Southern has spudded exploration well 61/25-1, approximately 170 km south of the Falkland Islands. Borders &Southern is the operator of the well, holding a 100% interest in licence PL018. It is the second of a two well exploration programme. The well is designed to test the Stebbing prospect, a thrust cored anticline structure [...]
Stone Energy Corporation has acquired Anadarko’s 25% working interest in the five block deep water Pompano field in Mississippi Canyon, a 22% working interest in Mississippi Canyon Block 29, and a 10% working interest in portions of MC 72. The purchase price under the agreement is $67 million in cash plus the assumption of asset [...]
May 11, 2012 | Posted in
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Brazil’s oil company Petrobras on Monday signed an agreement for the conversion of four VLCC (Very Large Crude Carrier) vessels into the hulls of the future P-74, P-75, P-76, and P-77 Floating Production Storage and Offloading (FPSO) vessels, which will operate in the Santos Basin pre-salt. The total value of the contract is estimated at [...]
Norway’s TGS announced today that its Geological Products division purchased all the outstanding shares of Volant Solutions Inc. Volant is a small, six-employee technology company based in Houston that provides integration solutions for E&P companies to address the challenges of managing ever increasing quantities of geotechnical data. This integration of internal and external data sources [...]
David Hicks has been appointed by EMGS to take over the role of President of the EMGS North South America business unit. He will be based in Houston, Texas and report to CEO Roar Bekker. David has an extensive background in the oil and gas industry. After receiving his MSc at the University of Southern [...]
Vantage Drilling, an offshore drilling contractor headquartered at Cayman Islands, reports a net loss of $1.2 million or ($0.00) per diluted share for the three months ended March 31, 2012 as compared to a net loss of $18.7 million or ($0.06) per diluted share for the three months ended March 31, 2011. Paul Bragg, Chairman [...]
May 10, 2012 | Posted in
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Oceaneering International, Inc. announced that Roderick A. Larson has agreed to join Oceaneering as Senior Vice President and Chief Operating Officer. Larson will be responsible for all of Oceaneering’s worldwide oilfield business operations. In 2011 these accounted for approximately 90 percent of Oceaneering’s revenue and 95 percent of its operating income. Roderick. A. Larson has [...]
Diamond Offshore Drilling, Inc. has entered into a turnkey contract with Hyundai Heavy Industries Co., Ltd. for construction of a new ultra-deepwater drillship with delivery scheduled in the fourth quarter of 2014. Total cost, including commissioning, spares and project management, but excluding capitalized interest, is expected to be approximately $655 million. The new drillship, to [...]
May 10, 2012 | Posted in
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U.S. offshore marine support vessel operator SEACOR Marine LLC (SEACOR Marine), located in Houma, Louisiana, has chosen Kongsberg Maritime to supply sophisticated Dynamic Positioning systems for two new 190-foot CrewZer Class Crew boats (also known as Fast supply vessels). SEACOR Lynx and SEACOR Leopard are under construction at Gulfcraft Shipyard, located in Franklin, Louisiana, and [...]
