STATOIL has launched a design race for a new “workhorse” semi-submersible that is likely to see multiple orders placed within a year as it seeks to avert a critical shortage of rig capacity in Norway.
FOR centuries the Athabasca River of Alberta has been one of the province’s largest and most vital natural resources.
The timing of Endeavour International’s Rochelle gas project off the UK is under pressure amid a brewing row over access to nearby infrastructure.
ITALIAN contractor Saipem has placed the lowest bid in a tender to supply Petrobras with 16 steel-catenary risers to be hooked up to the semi-submersible production unit P-55, soon to be installed in the Roncador field.
Abu Dhabi-based National ¿Petroleum Construction Company (NPCC) is about to award a newbuild contract for a heavy-lift pipelay barge, with Drydocks World-Dubai seen as the front runner for the job, write Tan Hwee Hwee, Xu Yihe and Vahe Petrossian.
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French seismic player CGGVeritas is set to offer senior notes due 2016 via a private placement on international capital markets in a bid to raise $300 million.
In a statement, the company said the notes will rank pari passu with the existing senior notes of CGGVeritas due 2015 and 2017.
CGGVeritas aims to use the cash to repay credit facilities and for general corporate purposes.
| Helix to sell off O&G business |
| Shell seals Prelude FLNG |
| BP takes $7bn bite of Devon |
| BP boss pay soars as profits dive |
| Libya eyes non-US energy partners |
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