Oil & Gas

JUNE 26, 2012 — Oslo Axcess listed SD Standard Drilling Plc has today entered into a final agreement for the sale of one of the six K-FELS class B jack-ups it has under construction at the Keppel FELS shipyard in Singapore and issued the buyer an option to purchase a second of the six. If the option is exercised the gross comb ...

JUNE 25, 2012 —EXMAR Offshore Company, Houston, Texas has entered into an agreement with LLOG Exploration Company L.L.C., Covington, La., to design a new production semi-submersible hull for installation in the Gulf of Mexico in 2014. The design is based on EXMAR's proprietary OPTI series of hulls and will be similar to the OPTI-EX, ...

JUNE 25, 2012 — Norway's Simon Møkster Shipping AS has selected Spanish shipbuilder Astilleros Gondan to build an advanced platform supply vessel of UT776 WP design that it is to charter to Statoil under a fixed three year contract awarded earlier this month. The contract includes options for three one-year extensions. T ...

JUNE 21, 2012 — Paris-headquartered offshore marine services giant Bourbon has secured EUR 420 million in new financing to support its growth and finance its investment program for new vessels. The financing a new EUR 240 million with a syndicate of eight French banks and a total of EUR 180 million in loans from six foreign banks. Bo ...

JUNE 21, 2012 — Polarcus Limited (OSE: PLCS) reports that Polarcus Adira AS, a member of the Polarcus Group, took delivery June 21, 2012, of Polarcus Adira, the eighth 3D seismic vessel to date to join the Polarcus fleet. The vessel was built at Ulstein Verft in Norway and following a short shakedown will commence opera ...

JUNE 21, 2012 — Island Offshore, in which the Chouest and Ulstein families are partners, took delivery of the platform supply vessel MV Island Crusader from STX OSV's Brevik, Norway, shipyard. The platform supply vessel has been built to Rolls-Royce UT 776 CDG design, with G signifying gas operations. Island Offshore ...

JUNE 19, 2012 — Farstad Shipping ASA  has reached an agreement with STX OSV AS to build two type PSV 07 platform supply vessels . The conntract value is approx. NOK 700 million (about $117.4 million). These two newbuildings will service a recently awarded Statoil 6-year charter. PSV 07 is a new innovative design developed ...

JUNE 19, 2012 — Rolls-Royce has delivered 13 large azimuth thrusters for Pieter Schelte, the world's largest construction vessel, currently being built at Daewoo Shipbuilding & Marine Engineering, South Korea. for Switzerland based Allseas Group. The contract is worth around £18 million and is the largest ever Rol ...