Larsen Oil & Gas Ltd Company News

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LTHE Bags $140M EPIC Contract for India's Offshore Vasai East Project
Monday, December 29, 2014 L&T Hydrocarbon Engineering bags a $140.4 million engineering, procurement, construction and installation contract for the Vasai East project offshore India from ONGC.

Songa Offshore Enters Deepwater Drilling Market
Wednesday, March 24, 2010 Songa Offshore will invest $50 million in new equity into Deepwater Driller Limited, marking the company's first entry into the attractive deepwater drilling market.

Analysis: Pemex Strives to Increase Production through Offshore Drilling
Friday, September 11, 2009 With 39 offshore rigs contracted for work in the GOM, Mexico is pushing to further its offshore drilling as the seventh-largest oil producer's output continues to decline.

Jurong Shipyard Receives Notification of Legal Action Taken by PetroRig
Tuesday, May 19, 2009 Sembcorp Marine's subsidiary, Jurong Shipyard, has received notification of an application filed by PetroRig I before the bankruptcy courts in New York.

Sembcorp Marine Clarifies US News Concerning PetroRig I
Monday, May 18, 2009 Sembcorp Marine is not aware of the action cited by US media that PetroRig I has sued Jurong Shipyard over the termination of the construction contract for PetroRig I.

PetroProd Placed Under Provisional Liquidation in Cayman Islands
Wednesday, April 15, 2009 SembCorp Marine wishes to announce that its wholly owned subsidiary, Jurong Shipyard, has received notice that PetroProd Ltd is placed under provisional liquidation in the Cayman Islands.

PetroMena Postpones $105MM Yard Installment
Tuesday, February 17, 2009 PetroMena will postpone the second last yard installment for Petrorig 3 until the rig is delivered. The Company is also working to secure financing for the remaining funding need for Petrorig 1.

Petrojack IV Takes Delivery, Ready for PTTEP's Operations
Friday, January 23, 2009 The Petrojack IV rig, built at Jurong Shipyard, has been delivered and will commence its contract with PTTEP.

Petrorig I Completes Construction, on Track to Start GOM Operations
Monday, January 19, 2009 The ultra-deepwater semisubmersible rig Petrorig I has completed its turnkey contruction on time and is on track for its maiden assignment in the Gulf of Mexico under a five-year charter with Petrobras America.

Saipem Portugal Acquires Petrojack II Rig for $199MM
Tuesday, January 13, 2009 The sale of Petrojack II to Saipem (Portugal) has now been completed at the purchase price of $199,125,000.

Petrojack IV Jackup Bound for Gulf of Thailand Ops in Jan. '09
Monday, December 15, 2008 Petrojack IV is well on track for deployment offshore Thailand following its successful completion by Jurong Shipyard within schedule.

Petrolia Drilling Posts 3Q Preliminary Results
Tuesday, November 18, 2008 Petrolia Drilling has reported on its invesments PetroMena, Venture Drilling, Petrojack, Larsen Rig and PetroProd and their preliminary financial results for the third quarter 2008.

Petrojack IV to Mobilize in Mid-January for PTTEP's Operations
Friday, November 14, 2008 Larsen O&G signed a drilling contract with PTT E&P for five years at a dayrate of $151,000. The Petrojack IV will mobilize following delivery from Jurong Shipyard in mid-January 2009.

i-Tech Snags Oban B Service Contract from SeaDragon
Wednesday, October 01, 2008 Subsea 7 Inc., through its i-Tech division, has announced the award of two new contracts with a total value in excess of US $20 million.

Petrojack Rolls Out of First Half of 2008 with Increased Revenues
Wednesday, August 27, 2008 Petrojack's total revenues in the first half year was US $6.2 million compared to US $0.2 million in first half 2007. Revenues in the first half year came from rental of drilling equipment, US $1.2 million and time charter hire in Q2.

Larsen Inks 5-Year Drilling Contract for Petrojack IV
Tuesday, August 26, 2008 Larsen Oil & Gas, as drilling contractor, has on behalf of Petrojack's wholly owned subsidiary signed a Letter of Intent for a long term drilling contract with an undisclosed client for 5 years at a rate of $151,000 per day.

Sembcorp's Jurong Secures Agreement to Build Rig at $640MM
Monday, June 30, 2008 Sembcorp Marine's Jurong Shipyard and Larsen Oil & Gas have announced an agreement to construct a new deepwater semisubmersible drilling rig, at a contract value of US $640 (S$870) million.

Subsea 7 Lands New Business Awards Totaling $15 Million
Thursday, December 20, 2007 Subsea 7, through its i-Tech division, has been honored with a number of new business awards globally with an estimated total value of U.S. $15 million.

Subsea 7 Reels in $15 Million in Offshore Contracts
Monday, December 17, 2007 Subsea 7's i-Tech has been awarded two contracts with terms of three and five years by Petrobras for the provision of ROV services onboard two semisubmersible drilling rigs relocating from the US Gulf Of Mexico to work offshore Brazil.

EnerGulf Private Placement to Fund Drilling Offshore W. Africa
Wednesday, December 12, 2007 EnerGulf is raising proceeds of up to $8.8 million to fund its 10% of drilling costs on the Kunene #1 well offshore Namibia in Block 1711; drilling is expected to start in early 2008.

Ophir Energy Enters Rig Sharing Deal
Monday, May 14, 2007 Ophir Energy Company has committed to a multi-well high impact drilling program, following the signature of a series of Deepwater Rig Share Agreements.

Petrobras Hires PetroRig 2 for Work Offshore Brazil
Wednesday, January 03, 2007 Petrobras has signed a five year drilling contract for work offshore Brazil with Larsen Oil and Gas Ltd of Aberdeen Scotland for the new build deepwater semisubmersible, PetroRig 2.

Petrolia Reports Preliminary Q2 Results
Wednesday, August 16, 2006 Petrolia Drilling ASA on Wednesday issued the following preliminary report highlighting the company's performance in the second quarter of 2006: