Oil & Gas

OCTOBER 4, 2012 — Overseas Shipholding Group, Inc. (NYSE: OSG) reports that it has signed a new service agreement with Maersk Oil Qatar AS ("MOQ") for FSO Africa, a floating storage and offloading service vessel (FSO) jointly owned by OSG and Euronav N.V. (Euronext Brussels: EURN).  The new agreement, which supersedes the previous FS ...

SEPTEMBER 28, 2012 — First the bad news, then the good from Transocean Ltd. (NYSE : RIG). Yesterday, the offshore drilling giant announced that the federal court in Rio de Janeiro had served it with a preliminary injunction requiring that it cease operations in Brazil within 30 calendar days. Today, Transocean reports that Royal Dutch Shell h ...

SEPTEMBER 27, 2012 — Houston headquartered Atwood Oceanics, Inc. (NYSE: ATW) reports that a subsidiary has been awarded a drilling services contract for the Atwood Advantage by a subsidiary of Noble Energy Inc. (NYSE: NBL) for a worldwide program commencing in the Eastern Mediterranean. The At ...

SEPTEMBER 24, 2012 — John Fredriksen's Seadrill has entered into a turnkey contract to build a new ultra-deepwater drillship at Korea's Samsung Heavy Industries. The project value price is estimated to be around US$600 million (including project management, drilling and handling tools, spares, capitalized interest and operations prepara ...

SEPTEMBER 20, 2012 — Shell Oil faces a further potential delay in getting the oil spill containment system it must have before drilling into potentially oil-bearing zones in Alaska's Beaufort or Chukchi Seas. The Washington State Department of Ecology has det ...

AUGUST 28, 2012 — Responding to market demands for offshore construction support vessels (CSVs) for deep and harsh environments, Norway's GC Rieber Shipping has placed a NOK 800 million order with Ulstein for a high-capacity subsea vessel based on its SX121 design. The order includes an option for a second ship. The 130 ...

AUGUST 27, 2012—Robert “Bob” Hill has made a name for himself thinking out of the box. Hill, shown at left, is the principal of Ocean Tug & Barge Corp., which has a made name for itself as a leading designers of the Articulated Tug Barge—AT/B—with more than 32 years experience. Now Ocean Tug & Barge, working ...

AUGUST 17, 2012—Singapore's Miclyn Express Offshore (MEO) recently laid the keel for the first of two 64m, 2,000-dwt Platform Supply Vessels at its Batam-based PT Loh & Loh shipyard. Listed on the Australian Stock Exchange, MEO charters vessels for the offshore oil and gas market for Southeast Asia, Australia and the Middle East. ...