Business & Finance
Brazil: Roncador Oil Seep Origin Still Unknown
Regarding the seep in the Roncador Field, Brazil’s oil and gas company, Petrobras, announces that analyses have confirmed that the droplets are not oil from any active reservoir in this field or from any other oil produced in the Campos Basin. The seep occurred in the Roncador Field, in the Campos B
Greece: Aegean Marine Takes Delivery of Final Addition to Its Newbuild Program
Aegean Marine Petroleum Network Inc. yesterday announced that it has taken delivery of the Symi, a 6,270 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The Symi, which is expected to be deployed to the Company’s market in West Africa, represents the final vessel un
Brazil: Oceaneering to Supply Umbilicals for Petrobras’ Whales Park Field
Oceaneering International, Inc. announced it has secured a contract from Petroleo Brasileiro S.A., Petrobras, to supply approximately 135 kilometers, or 85 miles, of thermoplastic production control umbilicals for the Whales Park (Parque das Baleias) field development project offshore Brazil in the
Seadrill Orders Tender Rig from COSCO, China
Seadrill, one of the world’s largest drilling contractors, has placed an order for a new tender rig at the COSCO Nantong Shipyard in China. The new unit, T18, is scheduled for delivery in the fourth quarter 2013. Total project price is estimated at US$135 million, including project management, drill
Dolphin Signs 3D Multi-Client Agreement with Government of Senegal
Dolphin Geophysical have signed a new Agreement with the Government of Senegal, Petrosen, for the acquisition, processing and marketing of a new 3D Multi-Client survey over designated Deep-Water acreage where additional equity is potentially available. The 3D survey is substantially pre-funded. Thes
UK’s Rolls-Royce Secures Contract to Power Two LCS for U.S. Navy
Rolls-Royce, the global power systems company, has secured a contract to supply power and propulsion systems for the two latest vessels in the U.S. Navy’s Littoral Combat Ship (LCS) programme. Designed to operate in combat zones close to the shore (littoral waters), each LCS will be equipped with tw
Australia: Technip Wins USD 321 mln Subsea Installation Contract for Wheatstone Project
Technip has been awarded a subsea contract by Chevron Australia Pty Ltd for the Wheatstone Project, one of Australia’s largest resource projects. The contract, valued at approximately €245 million (USD 321 million), covers the development of the Wheatstone and Iago fields, located in the Carnarvon B
Australia: Technip Wins Wheatstone Subsea Gig
Technip has been awarded a subsea contract by Chevron Australia Pty Ltd for the Wheatstone Project, one of Australia’s largest resource projects. The contract, valued at approximately €245 million, covers the development of the Wheatstone and Iago fields, located in the Carnarvon Basin, offshore Nor
UK: GE Energy’s Procrane Solution for Port of Felixstowe
GE Energy’s Power Conversion business was the successful tenderer for the supply of the major elements of power, control and automation equipment in the mid-life upgrade of a Morris container handling ship-to-shore crane at the port of Felixstowe. Strategically located in south east England, Felixst
Ireland: Providence’s Finance Director Steps Down
The Directors of Providence Resources P.l.c. (“Providence”), the London (AIM) and Dublin (ESM) quoted oil and gas exploration and production company announce that Mr. Philip O’Quigley has accepted an offer to become Chief Executive of Falcon Oil and Gas Ltd, a Canadian listed oil and gas exploration
Singapore: FSL Trust Renegotiates Charter Terms for TORM Product Tankers
FSL Trust Management Pte. Ltd. , as trustee-manager of First Ship Lease Trust refers to the announcement made on 4 April 20121 by TORM A/S (“TORM”). FSL Trust currently leases two product tankers, namely, TORM Margrethe and TORM Marie, to a wholly-owned subsidiary of TORM. The Vessels are leased on
UK Government Moves Marine Power to Next Stage of Development
The UK Government announced allocation of £20m to engineering and environmental companies for projects aimed at development of tidal and wind energy, EDP 24 published. Apart from mere production of power, these include projects targeted at design and manufacture of indispensable technology in additi
USA: NOV Buys Wilson from Schlumberger
National Oilwell Varco, Inc. has entered into an agreement with Schlumberger Limited (NYSE: SLB) to purchase its Wilson distribution business segment. Terms of the all-cash transaction, which remains subject to customary closing conditions, including regulatory approval, were not disclosed. Pete Mil
Offshore Wind Turbines and Fish Live in Harmony, Danish Study Shows
The first Danish study into how one of the worlds largest wind farms affects marine life is now completed. It shows that the wind turbines and the fish live quite happily together. Indeed some species of fish have actually increased in number. As work is just beginning on Denmark’s newest and so far