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 [...]
Caterpillar Global Petroleum announced today that the Cat® 3516C (HD) and 3512B generator sets have been selected to power a jack-up and a tender barge newbuild for COSCO Shipyard Group in China. Six Cat 3516C (HD) generator sets, each with rated power of 1603 bkw @ 1200 rpm, will be used as the prime power [...]
May 8, 2013 | Posted in
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Seadrill Limited (“Seadrill) has today entered into an agreement to sell the companies that own and operate the tender rig T15 to Seadrill Partners LLC for a total consideration of US$210 million, less approximately US$100 million of debt outstanding under the credit facility secured by the T15. The balance of the acquisition price will be [...]
New Zealand’s Energy and Resources Minister Simon Bridges today announced details of the Government’s second round to attract competing bids for oil and gas exploration permits. Speaking at the Advantage NZ: 2013 Petroleum Conference, Bridges said Block Offer 2013 is an important step towards realising the potential of New Zealand’s oil and gas resources. “Block [...]
Serica Energy plc announces the issue of tender documents for development of the North Sea Columbus field. The Field Development Plan provides for the supply of 51.3 million cubic feet of gas per day at peak to the UK gas market and 3,600 barrels per day of condensate and natural gas liquids (NGLs) with the [...]
Seadrill and SapuraKencana have today entered into a conditional sale and purchase agreement in relation to the proposed transaction. Malaysia’s SapuraKencana will acquire all the tender rigs in Seadrill’s fleet except for the West Vencedor, T15, and T16. These three rigs are either owned or planned to be owned by Seadrill Partners LLC. Seadrill will [...]
The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Nantong) Shipyard Co., Ltd, a subsidiary of the Company’s 51% owned COSCO Shipyard Group Co., Ltd, has delivered a tender rig, “T-15″, to Seadrill. The delivery documents were signed by and between COSCO Nantong and Seadrill on 18 December 2012. Seadrill T-15 is [...]
December 26, 2012 | Posted in
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Singapore’s Keppel Offshore & Marine Ltd (Keppel O&M), has been selected by Ukraine’s National Joint-Stock Company, Naftogaz, as the winner of a tender to construct two semisubmersible drilling rigs and will be entering into further contract negotiations with Naftogaz. “A further announcement on the key terms of the contract (including price and delivery schedule) will [...]
SapuraKencana Petroleum Berhad and Seadrill Limited have entered into a non-binding memorandum of understanding (“MOU”) to combine and integrate both companies’ tender rig businesses. The two companies including their predecessor companies have operated part of their tender rigs businesses together successfully in the joint venture Varia Perdana Sdn Bhd and Tioman Drilling Company Sdn Bhd [...]
China Rongsheng Heavy Industries Group Holdings Limited announces the establishment of Rongsheng Offshore & Marine Private Limited (“Rongsheng Offshore & Marine”), the Group’s new offshore engineering base, in Singapore. The company will focus on research and development, marketing and “Engineering, Procurement and Construction” (“EPC”) projects in offshore engineering, drawing on Singapore’s superior industry advances and [...]
October 22, 2012 | Posted in
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