Norwegian company Los Elektro has secured a job onboard the Island Innovator semi-submersible rig. The contract value is between 15 and 25 million NOK. Under the contract, the company will replace cables and electrical equipment which were damaged when the rig tilted in the Hanøytangen yard on the last day of May. Los Energy said in a statement that [...]
Coinciding with parent company Keppel Corporation’s 45th anniversary this year, Keppel FELS has delivered the 45th KFELS B Class jackup rig since it launched the design in 2000. These KFELS B Class rigs make up more than 30% of the total jackups completed globally since 2000. The rig was delivered to Arabian Drilling Company (ADC) 14 days [...]
China National Offshore Oil Company, which recently spudded its first well offshore the Republic of Congo, has already encountered problems with its operations in the West African country. According to the owner of the drillship used for the operation, the vessel is now “undergoing repairs caused by an unplanned event which resulted in damage to the [...]
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 [...]
Denmark’s offshore drilling contractor Maersk Drilling made a profit of USD 146m in the first quarter of 2013, an increase from USD 123m earned in the same period of 2012. The increase in profit was mainly due to general higher operational uptime in Q1 2013. All of Maersk Drilling’s 16 jack-ups and floaters, the 10 drilling barges [...]
IEV Holdings Limited has achieved a new record in securing a contract for the supply of its proprietary Marine Growth Preventer (“MGP”) products valued at a total of approximately USD 1.45 million (“Contract”). The Contract is the single largest order for MGP products secured by the Group to date. IEV will supply a total of 753 MGP products [...]
Cathelco have won a series of orders to supply seawater pipework anti-fouling systems for jack-up rigs which are to be built by Lamprell Energy Ltd, the UAE based provider of diversified engineering services for the offshore oil and gas industry. The anti-fouling equipment will be supplied for four jackup rigs which are being constructed at [...]
Aker Solutions has received a contract award notification for offshore engineering services to support Husky Energy’s activities at the offshore White Rose field in Canada. The scope of work includes studies, modifications (EPCI) and campaign maintenance services. The duration is five years with an option to extend the contract for as many as 10 one-year [...]
Norwegian oil company Det norske oljeselskap ASA today announced that it had a satisfactory first quarter despite recording a net loss of NOK 20 million. The discovery in licence 502 confirmed that the Johan Sverdrup field extends into this licence. The discovery in licence 457 (Asha) is an extension of the Ivar Aasen field, and [...]
Hess Corporation today reported net income of $1,276 million for the quarter ended March 31, 2013. Adjusted earnings, which exclude gains on asset sales and other items affecting comparability of earnings between periods, were $669 million, or $1.95 per common share, representing a 30 percent increase on a per share basis over the same quarter [...]
