Tangiers executes farm-out agreement on Australian exploration acreage. Deal gives Tangiers ongoing exposure to the exploration upside while enabling it to focus its resources on acquiring interests in African oil and gas assets
Seadrill Limited has today completed the transaction to sell the T-15 tender rig to Seadrill Partners. The agreed upon sale is for a total price of US$210 million, less approximately US$100 million of debt outstanding under the credit facility secured by the T-15. The balance of the total consideration is being financed with vendor [...]
Gulfstream Services Inc (GSI), provider of cutting edge equipment to the international oil and gas industry, has successfully completed two six figure decommissioning contracts with major oil and gas service companies, Helix Well Ops UK and Dof Subsea. The Helix contract was part of the BP North West Hutton decommissioning project where GSI tools were [...]
Afren has completed a farm-out agreement with Lekoil (subject to Nigerian Ministerial Consent), in respect of a 17.14% participating interest in the OPL 310 licence located offshore Nigeria. Under the terms of the farm out, Afren will receive a total carry of up to US$50 million in respect of an exploration well currently being drilled [...]
Offshore handling systems specialist, Caley Ocean Systems has completed the refurbishment and upgrade of a 2,500 tonne, 25m diameter reel carousel for Italian offshore contractor Saipem. The reel carousel will be used to transport umbilicals and flowlines from Norway to China on Big Lift heavy lift vessel Happy Rover, for the deepwater Liwan 3-1 field [...]
InterMoor, an Acteon company, has successfully completed a contract with Cross Group, Inc. that included the provision of heave-compensation services for the installation of a Cross 7.0 workover riser package (WRP). An InterMoor compensated anchor-handler subsea installation method (CASIM) unit played a key role in deploying and recovering the WRP. “The CASIM system enabled us [...]
Press Release- Reference is made to the press release of 20 March 2013, whereby it was announced that Boskalis Holding B.V. (the Offeror), a wholly-owned subsidiary of Royal Boskalis Westminster N.V. (Boskalis), had initiated a compulsory acquisition of shares under Section 103 of the Bermuda Companies Act to acquire all remaining shares in Dockwise Ltd [...]
BMT ARGOSS (BMT), a subsidiary of BMT Group, has recently completed a comprehensive evaluation of meteorological and oceanographic environmental conditions for the Martin Linge field in the Norwegian sector of the northern North Sea. BMT’s assessment also included the installation routes of associated subsea assets, a submarine power cable to Kollsnes (Norway) across the Norwegian [...]
Offshore Installation Services (OIS), an Acteon company, has successfully completed its sixteenth rigless suspended well abandonment campaign involving multiple operators in the Southern North Sea. The multi-operator model for programmes of this kind can deliver significant customer benefits in terms of cost-effectiveness. A total of nine mudline wells in categories 1, 2.1, 2.2 and 2.3 [...]
Borders & Southern, the London based independent oil and gas exploration company, provides an update on its activities in the South Falkland Basin. The PGS vessel Ramform Challenger has completed the Company’s 3D seismic programme in the South Falkland Basin offshore the Falkland Islands. It acquired 1,025 square kilometres of full fold seismic data. The [...]
