Business & Finance
BP Joins Serica in Exploration Offshore Namibia
The deep water geological basins offshore Namibia, including the Luderitz Basin, are at the early frontier stage of exploration. Although the presence of very large structures have been shown to exist from seismic surveys, very few wells have been drilled in the deeper water Namibian basins to date
USA: SIGNAL INTERNATIONAL Finalises Construction Works on Two ATB Units
Construction works on two Articulated Tug Barge units ordered by Kirby Ocean Transport Company are on schedule at SIGNAL INTERNATIONAL state-of-the-art manufacturing facility in Orange, Texas. The ATBs are built and painted under cover with final assembly at SIGNAL’s launchways. The first unit is sc
Monaco: Scorpio Tankers Announces Time Charter-In Agreements for MR Product Tankers
Scorpio Tankers Inc. announced that it has contracted to time charter-in three MR product tankers. The terms of the contracts are summarized as follows: A 2010 built MR product tanker will be time chartered-in for one year at $13,900 per day and is expected to be delivered end of March 2012. The agr
SBSS Inks KJO Subsea Cable Installation Contract with COOEC in China
On 13th March 2012, SBSS Managing Director Mr. Bruce Neilson-Watts and Mr. Xie Qingbao, the General Manager of China Offshore Oil Engineering Corporation(COOEC) KSA Branch, counter signed the KJO Subsea Cable Installation contract in SBSS Shanghai office. The KJO project is an offshore oil project i
Israel: Noble Energy Sells Tamar Gas to IEC in USD 18 bln Deal
Under the 15-year agreement, IEC is expected to purchase approximately 2.7 trillion cubic feet (Tcf) of natural gas as fuel to provide electricity to the state of Israel and retains, under certain conditions, an option to expand the agreement quantity to approximately 3.5 Tcf.
Japan: Tsuneishi Shipyard Launches Bulk Carrier for Ena Shipping
Tsuneishi Shipbuilding Co yesterday, on March 14th, launched a KAMSARMAX type bulk carrier for ENA SHIPPING. This KAMSARMAX type bulk carrier of 82,100 DWT was developed by Tsuneishi Shipbuilding to be one of its major products alongside the TESS series. The name “KAMSARMAX” derives from the ship’s
RigNet Opens Office in Macaé, Brazil
RigNet, Inc., a leading global provider of managed remote communications solutions to the oil and gas industry, today announced the opening of a full-service office in Macaé, Brazil under the leadership of Mauricio Rubinsztajn, RigNet’s general manager for Brazil. RigNet’s Macaé office, a sales and
UK: PD Ports Receives Another Prestigious Supplier Award
The PD Ports Group announced it has scooped yet another supplier award from one of the UK’s major retailers – ASDA – this year walking away with the overall prize for Carrier of the Year 2012. It is the third consecutive year that the PD Ports Group, which includes PD Logistics, has picked up an [&h
UK: GSK to Generate Power from Tidal Turbines
Glaxosmithkline (GSK) has submitted its application to the Scottish Government for a marine generation license to generate power from 15 tidal turbines placed either side of the South Esk bridge. This is another step the company made upon pursuing efforts towards generating its own marine energy for
Ireland: Providence Resources Provides Update on Barryroe Well Operations
Providence Resources P.l.c., (‘Providence’) the London (AIM) and Dublin (ESM) quoted oil and gas exploration and production company provides an operational update on its ongoing well operations in the North Celtic Sea Basin, offshore southern Ireland. The 48/24-10z Barryroe appraisal well is located
Rolls-Royce to Design and Equip PSV Vessels for Korean Shipbuilder
Rolls-Royce, the global power systems company, has today received an order from Korean shipbuilder Hyundai Mipo Dockyard Co, Ltd. to design and equip four deepwater platform supply vessels. The contract is worth more than £45 million to Rolls-Royce and includes options for a further two vessels of t
UK: Wood Group Kenny Secures EFA for SURF Engineering Services for Shell Worldwide
Wood Group Kenny has been awarded an Enterprise Frame Agreement (“EFA”) by Shell Global Solutions International BV (“Shell”) to provide subsea, umbilical, riser and flowline (SURF) engineering and construction management services to Shell worldwide, with primary focus on the Asia Pacific region, alo
South Korea: Hyundai Mipo Hires Rolls-Royce to Design and Equip Four Deepwater PSVs
Rolls-Royce, the global power systems company, has today received an order from Korean shipbuilder Hyundai Mipo Dockyard Co, Ltd. to design and equip four deepwater platform supply vessels. The contract is worth more than £45 million to Rolls-Royce and includes options for a further two vessels of t
Ireland: Barryroe Flow Rates Exceed Pre-Drill Target
As expected, laboratory reservoir fluid analysis confirms that the oil is light with a gravity of 42 o API and a wax content of 20%. The oil is highly mobile with an in-situ reservoir viscosity of 0.68 centipoises and a gas-oil ratio of c. 800 SCF/STB.