Daily Archives: March 10, 2017

Offshore Falklands Sea Lion costs at new low

Rate this article Premier Oil continues to work with its four main contractors and prospective well services and logistics providers to optimize facilities design for the proposed Sea Lion oil field development in the offshore North Falkland basin. Read Full Article Here For more great articles: Offshore RSS Feed

CMAL: Scotish LNG-ferries construction progressing

Rate this article By LNG World News Image courtesy of CMALCaledonian Maritime Assets (CMAL) said the construction of the two LNG-powered ferries at the Glasgow-based shipbuilder, Ferguson Marine Engineering (FMEL) is moving ahead. CMAL noted that the first vessel, known as Hull 801 is currently 75 percent complete while the second vessel, Hull 802 has…

Rig impairments drag Paragon Offshore deeper into red

Rate this article By Offshore Energy Today.. Drilling contractor Paragon Offshore posted a deeper net loss for the fourth quarter 2016 compared to the prior-year fourth quarter due to jack-up rig impairments. The driller on Friday reported fourth quarter 2016 net loss of $244.4 million, as compared to fourth quarter 2015 net loss of $23.3…

ExxonMobil, Encana take HNZ’s helicopters for Canadian ops

Rate this article By Offshore Energy Today.. Helicopter transportation services provider HNZ Group has secured a new, multi-year contract to provide helicopter services to support ExxonMobil Canada and Encana Corporation’s activities offshore Nova Scotia, Canada. The company said on Thursday it will supply two Sikorsky S-92 helicopters for a term of three years beginning late…

Ezra faces another wind-up threat over debt

Rate this article By _Offshore_Energy_Today_ U.S. shipbuilding company VT Halter Marine (VTH) has decided to take action against Ezra Holdings, a guarantor for EMAS Chiyoda Subsea in a loan agreement with VTH. Following a civil action lawsuit in late February by VT Halter Marine against Emas Chiyoda Subsea over a $3.3 million debt guaranteed by…

EM&I Awarded Survey Contract by Ensco

Rate this article EM&I has won a contract from major drilling contractor Ensco for the Bottom in Water Survey (UWILD) on the Bureau Veritas-classed semi-submersible drilling rig ENSCO 5004. Read Full Article Here For more great articles: Offshore Technology