Oil & Gas

A wholly owned subsidiary of Fred. Olsen Energy ASA recently entered into a turnkey contract with Korea's Hyundai Heavy Industries Co., Ltd. for the construction of a new ultra-deepwater drillship. Under the deal, the drillship will be delivered in the third quarter of 2013. Total project cost is estimated to $615 million (including spare parts, owner furnished equip ...

A semisubmersible platform used to house offshore oil workers in the Mexican waters of the Gulf of Mexico partially sank Tuesday afternoon. The flotel, named the Flotel Jupiter, is owned by Mexico's Cotemar SA, and subcontracted by the state oil company Pemex. ...

Singapore-based Ezra Holdings reports that its deepwater subsea services division EMAS AMC unit has secured a contract worth an estimated $88 million  from Noble Energy. It will see EMAS AMC install approximately 330 km of umbilicals and subsea equipment, as well as deliver subsea suction piles and jumpers, for the Tamar development in the Mediterranean Sea (Tamar Project ...

Schiedam, Netherlands, based SBM Offshore has awarded a contract to Keppel Singmarine shipyard in Singapore for the detailed design and construction of a multi-purpose Diving Support & Construction Vessel (DSCV). It says the investment is an important element of its strategy to grow offshore contracting activities within the Turnkey Services segment, adding to its fleet a mode ...

In an 8K filed yesterday, offshore drilling contractor Hercules Offshore, Inc. reports that on April 4, 2011, it received a subpoena issued by the Securities and Exchange Commission  "requesting the delivery of certain documents to the SEC in connection with its investigation into possible violations of the securities laws, including possible violations of the Foreign ...

STX OSV Holdings Limited reports that it has secured new contracts for the design and construction of a series of three Multi Role Vessels (MRV) for DOF ASA. Delivery is scheduled for the second half of 2012.  The new MRV 05 vessels were designed by STX OSV Design in Ålesund, Norway. Based on STX OSV's new environmentally friendly PSV hull shape, the MRVs ...

There could be some consolidation ahead in the Arabian Gulf rig building, repair and fabrication business. Lamprell plc issued a stock exchange announcement today that confirmed that it has entered into a letter of understanding with Maritime Industrial Services Co. Ltd Inc in respect of a potential offer to purchase 100% of the shares in MIS at a price of NOK 38 per share ...

Kleven Maritime has delivered the AHTS Siem Amethyst to Siem Offshore. The delivery completes the largest offshore service vessel  contract in Norwegian shipbuilding history. This vessel is the tenth and last in a series of large anchor handling vessels delivered from Kleven Maritime to Siem Offshore Inc. Thus far. Kleven Maritime has delivered 15 offshore support vessels ...