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Songa Releases March Fleet Update

Songa Venus achieved an operating efficiency of 99% during the month continuing working for Petronas Carigali in Malaysia. The rig is currently underway to Labuan Malaysia where it will undertake regular inspection and recertification of the well control system for a period of approximately four to five weeks prior to commencing the earlier announced Mubadala […]

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Premier Option for the Provision of WilPhoenix Exercised

Premier Option for the Provision of WilPhoenix Exercised   Premier Oil UK Limited has exercised its option to extend the term of its drilling contract with Awilco Drilling PLC. This option is for a period of approximately 70 days commencing in March 2014 and has an estimated additional contract value of USD 22 million. WilPhoenix […]

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Subsea 7 Awarded US$380m Contract Offshore Norway

Subsea 7 S.A. announced the award of a contract valued at approximately US$380 million from Statoil for the Aasta Hansteen gas field, located west of Bodø in the northern part of the Norwegian Sea The contract comprises the design, coating, fabrication and installation of 19km of rigid flowlines; and the coating, fabrication and installation of […]

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Songa Offshore Complete Work at Songa Trym

Songa Offshore SE announce that Songa Trym has now received its AOC diploma and additional work and client acceptance testing of Songa Trym is now completed. Songa Offshore SE announce that Songa Trym has now received its AOC diploma and additional work and client acceptance testing of Songa Trym is now completed. As of today, Songa […]

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Sevan Sign Letter of Intent with an Operator in the US Gulf of Mexico

Sevan Drilling has signed a Letter of Intent with an operator in the US Gulf of Mexico for a three-year charter contract of one its newbuild rigs currently under construction. Sevan Drilling has signed a Letter of Intent with an operator in the US Gulf of Mexico for a three-year charter contract of one its […]

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Songa Strengthens its Rig Organisation

Songa Offshore SE strengthens its rig organisation through the recruitment of Bjørnar Iversen as new president of Songa Rig AS. Recent events have demonstrated the need for Songa to significantly strengthen its management capabilities. The recruitment of Bjørnar Iversen will strengthen our management capacity and – critically – allow us to be much more hands-on […]

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EXMAR Completes TEEKAY Joint-Venture

EXMAR NV  announce that together with TEEKAY LNG PARTNERS L.P. they have successfully closed their 50/50 LPG joint-venture. The EXMAR LPG BVBA joint-venture controls 15 owned Midsize Gas Carriers (MGC), out of which 4 are currently under construction at Hyundai Mipo, and one owned Very Large Gas Carrier (VLGC). EXMAR LPG BVBA also time-charters in […]

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Seadrill and SapuraKencana Complete US$2.9 billion Sale Agreement

Seadrill and SapuraKencana have today entered into a conditional sale and purchase agreement in relation to the proposed transaction. 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 in […]

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Seadrill Orders Two Jack-ups for Delivery in 2015

Seadrill has entered into an agreement for the construction of two high specification jack-up drilling rigs with Dalian Shipbuilding Industry Offshore Inc. (DSIC Offshore) in China. The new units are scheduled for delivery during the first and second quarter 2015, and the estimated total project price is approximately US$230 million (including project management, capitalized interest, […]

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Thottappally Harbour is having deficiency for Dredging

    Ibnlive.in.com reported that around 100 boats as well as of the Police and the Fishing departments, have been trapped in the Thottappally fishing harbour due to sand accumulation. Apparently deficiency for Dredging causes this situation. Commercial Fisherman say that fishing industry will disappear without dredging. Harbour Engineering Department has invited the tender for […]