Prosafe, a Cyprus-based owner and operator of semi-submersible accommodation/service rigs has announced that its rig utilisation in the fourth quarter of 2011 was 79.8 per cent. Safe Caledonia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia, Safe Regency, Safe Bristolia have been fully utilised in the fourth quarter. Safe Concordia was five days off hire in [...]
Bass Strait Oil Company Ltd, a specialist petroleum explorer focused exclusively on southeast Australia, announced recently its forward exploration program fot its assets in the offshore Gippsland Basin and the offshore Bass Basin Gippsland Basin The company holds interests in four offshore permits in the Gippsland Basin. Vic/P41, Vic/P47 and Vic/P66 form the focus of [...]
Antrim, an international oil and gas exploration and production company announced preliminary results from drilling operations of Antrim-operated well 21/29d-11Z, a sidetrack of the Erne discovery well 21/29d-11 (Antrim working interest 50%) in the UK Central North Sea. The 21/29d-11Z sidetrack well, designed to appraise a separate culmination from the Erne oil discovery (as reported [...]
December 23, 2011 | Posted in
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COSL, an oilfield services provider in the offshore China market, announced today that its deepwater engineering survey vessel “HYSY708” was successfully delivered in Guangzhou. Mr. Cao Shujie, Vice President of COSL and representatives from the ship builder CSSC Guangzhou Huangpu Shipbuilding Company Limited attended the delivery ceremony. HYSY708 is one of the large-scale deepwater vessels COSL [...]
December 16, 2011 | Posted in
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Providence Resources P.l.c., the London (AIM) and Dublin (ESM) listed oil and gas exploration and production company, today provided an interim update on its appraisal drilling programme in the North Celtic Sea Basin, offshore southern Ireland. The 48/24-10 Barryroe well is located in c. 100 m water depth c. 50 km offshore Ireland in [...]
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Keppel FELS Limited is on course to deliver ENSCO 8505, the sixth of seven ENSCO 8500 Series® ultra-deepwater semisubmersible (semi) drilling rigs to Ensco safely, on time and within budget. The rig is expected to be completed in the first quarter of 2012 with zero lost-time incidents in over five million man-hours worked. Upon completion, [...]
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The board of BP p.l.c. announced today that Andrew Shilston will join the Board as a non-executive director with effect from 1st January 2012. Andrew Shilston is currently chief financial officer at Rolls-Royce Holdings plc. Carl-Henric Svanberg, chairman of BP, said: “We continue to strengthen the Board with world class individuals. Andrew has deep financial [...]
Crowley Maritime Corp. announces the recent launch the Ocean Wave, the first of four Ocean Class tugboats under construction at Bollinger Shipyards in Amelia, La. The Ocean Wave and Ocean Wind are classed as Dynamic Positioning 1 (DP1) tugboats and are twin-screw, steel-hulled tugs with an overall length of 146 ft, beam of 46 ft, [...]
December 5, 2011 | Posted in
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Husky Energy Inc., a Canadian energy company based in Calgary, Alberta announces a $4.7 billion ($4.1 billion net cash) capital expenditure program for 2012 which builds on the momentum achieved over the past year to increase short-term production and supports the continued execution of the Company’s mid and long-term growth initiatives. “This has been a [...]
Seadrill, a Norwegian-Bermudan offshore drilling company with operations around the globe today announced its third quarter 2011 net income of US$58 million. Consolidated revenues for the third quarter of 2011 amounted to US$1,029 million as compared to US$995 million in the second quarter. Operating profit for the quarter was US$480 million, up from US$430 million [...]
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