oil&gas

OCTOBER 5, 2018 — Dubai headquartered shallow water offshore drilling contractor Shelf Drilling, Ltd. reports that one of its subsidiaries has secured a two-year contract for the jack-up Key Singapore with Eni S.p.A. (BIT: ENI) for operations in the Adriatic Sea offshore Italy.

The contract includes a one-year option period, and the planned commencement window is from May to July 2019.

Another jack-up, the Key Manhattan, has secured an extension on its current contract with Eni S.p.A offshore...

https://www.marinelog.com/index.php?option=com_k2&view=item&id=30676:shelf-drilling-jack-ups-find-work-in-the-adriatic&Itemid=222

OCTOBER 1, 2018 — Nordic American Offshore Ltd (NYSE: NAO) reports that it has entered into a Memorandum of Understanding (MOU) contemplating a combination with Canada based Horizon Maritime Services Ltd.

Subject to due diligence and the execution of a binding agreement by October 31, 2018, NAO shareholders would own 48% of the resulting business and Horizon shareholders 52 %.

NAO Chairman & CEO Herbjorn Hansson would retain that role in the combined company. Horizon Maritime would maintain its...

https://www.marinelog.com/index.php?option=com_k2&view=item&id=30623:nao-and-canadas-horizon-maritime-plan-to-merge&Itemid=222

OCTOBER 1, 2018 — Stolt-Nielsen Limited, Golar LNG Ltd and Höegh LNG Holdings Ltd. today announced a combined investment commitment of $182 million in Avenir LNG Ltd. to pursue opportunities to deliver LNG to areas of stranded demand, as well as the development of LNG bunkering capabilities.

Avenir LNG was formed by Stolt-Nielsen in 2017 to provide LNG to markets lacking access to natural gas pipelines. With this joint investment, Stolt-Nielsen will consolidate all its LNG activities into...

https://www.marinelog.com/index.php?option=com_k2&view=item&id=30624:stolt-nielsen-golar-and-hoegh-in-2-million-lng-venture&Itemid=222

SEPTEMBER 30, 2018 — A former CEO and former executive of oil services company SBM Offshore were sentenced to prison Friday for their involvement in an international bribery conspiracy.

Anthony “Tony” Mace, 66, of the United Kingdom, the former CEO of SBM Offshore, N.V. (SBM), a Dutch oil services company, and a former Board Member of SBM’s U.S.-based subsidiary, SBM Offshore USA Inc. (SBM USA), was sentenced to serve 36 months in prison and a fine of $150,000.

Robert Zubiate, 66, of Agoura...

https://www.marinelog.com/index.php?option=com_k2&view=item&id=30611:two-former-sbm-offshore-officials-get-prison-terms-in-bribery-case&Itemid=222