Oil & Gas

OCTOBER 23, 2012 – Brazil's Bravante Group has awarded Rolls-Royce a GBP 24 million (about $38.5 million) order to design and equip four UT 775 SE platform supply vessels (PSVs) that will be built at its Estaleiro São Miguel shipyard and chartered to Petrobras. Located at the Port of Gradim in the municipality o ...

OCTOBER 19, 2012 — Shell yesterday celebrated the cutting of first steel at Samsung Heavy Industries' Geoje shipyard in South Korea for the substrucure of what will be the largest offshore floating facility ever built: The Prelude floating liquefied natural gas (FLNG) facility. When completed, the Prelude FLNG facility wil ...

OCTOBER 18, 2012 — McDermott International, Inc. (NYSE: MDR) reports that a subsidiary has been awarded contracts to refurbish and undertake rig repair work at the McDermott Altamira fabrication facility in Tamaulipas, Mexico. The two jack-up rigs involved are of Friede & Goldman L-780 Mod II desig ...

OCTOBER 10, 2012 — Kuala Lumpur, Malaysia, headquartered Nam Cheong Limited reports it has secured sales contracts worth a total of US $52.5 million for two of the platform supply vessels in the build-for-stock program underway at two of its subcontracted shipyards in China. The vessels have been sold to two new West A ...

OCTOBER 5, 2012—Brazil shipyard Wilson, Sons is the midst of constructing six Platform Supply Vessels under license based on Damen’s PSV 4500 design for Wilson Sons Ultratug Offshore (WSUT). Two PSVs have been recently delivered, with the others due in 2013. Damen and Wilson have enjoyed a business relationship f ...

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 ...