Nam Cheong Limited Malaysia’s largest Offshore Support Vessel (“OSV”) builder, today announced the appointment of Leong Seng Keat as the Group’s Chief Executive Officer with immediate effect. He was Nam Cheong’s Executive Director, and the new appointment is in line with the Group’s strategy to strengthen and streamline the management team as it embarks on [...]
Chevron, a California-based oil and gas giant, is in talks with several companies to divest its downstream assets in Egypt and Pakistan, Reuters reports citing banking sources. The company is hoping to collect up to $300 million from the divestments. Three bids have been launched from interested parties, the news agency further reports, but the [...]
Singapore’s Sembawang Shipyard has acquired all the membership interests in Equinox Offshore Brazil Cooperative U.A and shares in Equinox Offshore ARV3 BV as EO ARV3 was unable to fulfill its payment obligations for the conversion of the accommodation and repair vessel ARV3 by Sembawang Shipyard. The ARV3 is a diesel electric DP2 high-specification vessel that is [...]
May 21, 2013 | Posted in
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Tor Olav Trøim, a Norwegian businessman and engineer, often described as the right hand of a Norwegian-born Cypriot oil tanker and shipping tycoon John Fredriksen, has been appointed as Non Independent & Non Executive of Malaysia’s oilfield services provider SapuraKencana. To remind, Fredriksen himself entered the board last week. Trøim, born in 1963, has served as Vice-President and a [...]
Talisman Energy Inc. has announced first oil production from its Hai Su Trang and Hai Su Den (HST/HSD) development, offshore Vietnam. Gross production is expected to reach 15,000 bbls/day once the facilities are fully commissioned. “We are delighted to have achieved first oil ahead of schedule and under budget,” said Paul Blakeley, EVP Asia-Pacific. “This [...]
MacGregor, part of Cargotec, has secured new offshore winch contracts from three Chinese shipyards, Fujian Southeast, Fuzhou Baima and Guangdong Yuexin Ocean Engineering. The winches are destined for 22 anchor handling tug supply vessels (AHTSVs) under construction for a number of international owners. “Our offshore winches have been specified for a run of new-series [...]
AWE Limited has increased its estimate of recoverable oil for the Ande Ande Lumut (AAL) K Sand development by 33% to 101 million barrels of oil (including upgrading what were previously considered Contingent Resources to Gross 2P Reserves), following an independent review and certification by Perth – based RPS Energy Services Pty Ltd (‘RPS”). An [...]
May 20, 2013 | Posted in
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See the most read news of the week May 13 – 18, 2013
May 19, 2013 | Posted in
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The Board of the UK oil giant BP met for the first time in India to gain an understanding of the opportunities in the country. The Board also met with Government dignitaries and business partners. In an interaction with Hon’ble President of India, Pranab Mukherjee Friday, BP Chairman Carl-Henric Svanberg affirmed, “We are working closely [...]
Indonesian government today, May 17, launched a licensing round for 21 oil and gas exploration blocks, in an effort to improve chances of increasing the production of oil and natural gas nationwide. The authorities have classed 19 blocks as conventional and two as unconventional areas. Of the blocks offered, 17 are located in offshore areas, mainly in [...]
