State-owned oil company Petrobras said its oil and natural gas output in Brazil for June jumped 4% ias compared with a year earlier. Production was 2,407,366 barrels of oil equivalent per day (boed) in June, 4% more than the 2,315,117 barrels produced a year earlier and a 2% increase over May 2011. Domestic natural gas produ ...
Oil & Gas
State-owned oil company Petrobras said its oil and natural gas output in Brazil for June jumped 4% ias compared with a year earlier. Production was 2,407,366 barrels of oil equivalent per day (boed) in June, 4% more than the 2,315,117 barrels produced a year earlier and a 2% increase over May 2011. Domestic natural gas produ ...
Dubai-based marine geophysical specialist Polarcus Limited (OAX: PLCS) says that it has signed a term sheet for a bank facility of $410 million with DnB NOR Bank ASA and DVB Bank SE, Nordic Branch, together with Garanti-instituttet for Eksportkreditt (GIEK) and Eksportfinans ASA (the "Fleet Bank Facility"). The Fleet Bank Facility is offered at attractive terms and significant ...
Singapore's Otto Marine Limited says that its Karp Marine Limited unit has secured vessel operating contracts worth US$15 million for three of the group's offshore service vessels.These contracts mark the Group's entry into new vessel operation markets: the Middle East and West and South Africa. The contracts are for time charter for three of Otto Marine' ...
IJmuiden, Netherlands, headquartered Offshore Ship Designers has been chosen to design a series of six new fuel-efficient seismic support/chase vessels ordered by offshore major Bourbon to be built at Dubai’s Grandweld Shipyards. The 53 m vessels will have a fuel efficient hybrid propulsion system delivering a flexible economic solution for the varied condition ...
Norway's Farstad Shipping ASA has reached an agreement with Brazil's Petroserv S.A. that will see it buy Petroserv's 50 percent share in BOS Navegação S.A. for $56.5 million.The deal will give Farstad Shipping e 100 percent ownership of BOS (Brazil Offshore Services), which was established in June 1999 as a joint venture between Farstad and Petroserv. Today t ...
Japan's Mitsubishi Heavy Industries, Ltd. (MHI) has completed development of a new-generation liquefied natural gas (LNG) carrier marking an evolutionary advance from Moss-type LNG carriers. The new vessel-type dubbed "EXTREM" features a peapod-shaped continuous cover for the Moss spherical tanks that is integrated with the ship's hull, rather than the conventional hemispheric ...
Statoil has awarded the contract for construction of two new drilling rigs for use on the Norwegian continental shelf (NCS) to Songa Offshore. Statoil announced the tender for the new category D (Cat D) rigs in May. These rigs have sp ...
Maersk Drilling, a business unit within the A.P. Moller- Maersk group, has declared its option to build two ultra deepwater drillships at Samsung Heavy Industries in South Korea and has obtained a new option for the construction of two additional drillships.The drillships are scheduled for delivery from the shipyard in the second and third quarters of 201 ...
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