Aker Solutions’ subsidiary Managed Pressure Operations won a prize for its riser safety system at the Offshore Technology Conference in Houston. The Aker Solutions unit won the Woelfel Best Mechanical Engineering Achievement Award for its Riser Safety System (RSS). The award recognizes products, devices or systems that reflect innovation or practical use of mechanical engineering [...]
Deep Down, Inc. , a U.S-based oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services has established Deep Down Brasil, Ltda. The company explains that the move confirms Deep Down’s interest in supporting the dynamic offshore oil and gas industry in Brazil. “Deep Down Brasil will offer the full [...]
Helix Energy Solutions Group, Inc. has entered into a definitive agreement to sell Energy Resource Technology GOM, Inc. (ERT), the Company’s oil and gas subsidiary, to Talos Production LLC, a wholly owned subsidiary of Talos Energy LLC, a privately held Houston-based oil and gas company. The selling price involves a base purchase price of $610 [...]
China Oilfield Services Limited announced that its wholly-owned subsidiary, COSL Finance BVI Limited, has successfully completed a USD 1 billion 10-year senior notes issue. This offshore notes issue was guaranteed by COSL. The issue price of the notes will be 99.341% of its principal amount, with an interest rate of 3.25% per annum. According [...]
The Board of Directors of Swiber Holdings Limited and together with its subsidiaries announces that the Company has incorporated a new wholly-owned subsidiary known as “Swiber Atlantis Pte. Ltd.” (“SAPL”) in Singapore with the initial issued and paid up share capital of US$10,000.00. SAPL will be principally engaged in owning and chartering of vessels. The [...]
Bridge Energy ASA, the Oslo Axess-listed oil and gas exploration and production company, has executed an agreement with Agora Oil & Gas AS which is 100% owned by Cairn Energy PLC (“Cairn”), for the farm-down of a 15% working interest in production licences PL497 and PL497B on the Norwegian Continental Shelf. After the transaction Bridge [...]
Tap Oil Limited yesterday announced the completion of the sale of its wholly owned subsidiary, Tap (Harriet) Pty Ltd, to a subsidiary of Apache Corporation (Apache). The sale was first announced to the ASX by Tap on 13 February 2012. Tap (Harriet) Pty Ltd holds a 12.2229% interest in the Harriet Joint Venture (HJV) as [...]
Swiber Offshore Construction Pte Ltd (“SOC”) and Kreuz Engineering Ltd (“KEL”), subsidiaries of Singapore-based Swiber Holdings Limited , have incorporated a new wholly owned subsidiary in Mexico, known as Swiber Offshore Mexico SA DE CV (“SOM”). The initial issued share capital of SOM is 50,000.00 Pesos. The principle activity of SOM is to engage in [...]
The Graig Group has launched a new subsidiary, Graig Offshore, which will consolidate and expand the group’s existing services to the offshore energy industries. Based in Oslo and Cardiff, Graig Offshore will be headed up by Jan Erik Granholdt, who has extensive offshore experience. Graig currently provides newbuilding support and supervision for offshore vessels and [...]
Providence Resources P.l.c., an Irish based oil and gas exploration company, confirmed today that it has closed its transaction to divest its Nigerian subsidiary, which holds its interest in OML 113 offshore Nigeria to Jacka Resources Limited, (“Jacka”) an ASX-listed company. Under the terms of the transaction, the total consideration payable by Jacka is $16 [...]
