Business & Finance
Total Acquires Interests in Three New Ultra-Deepwater Licenses Offshore Ivory Coast
Total announces the signature of production sharing agreements with the Côte d’Ivoire state and national oil company Petroci for three new ultra-deep offshore licenses. Total will operate the CI-514 license with a 54% interest, in partnership with Canadian Natural Ressources International (36%) and
Total Buys Stake in Three Licenses Offshore Ivory Coast
French supermajor Total has signed production sharing agreements with the Côte d’Ivoire state and national oil company Petroci for three new ultra-deep offshore licenses. Total will operate the CI-514 license with a 54% interest, in partnership with Canadian Natural Ressources International (36%) an
UK: MPI Offshore Receives Offshore Renewables Industry Award
MPI Offshore have been announced as the inaugural winner of the Offshore Renewables award at the recent Annual Offshore Support Journal awards held in London. The company was given the award for its new generation of wind turbine installation vessels. Peter Robinson, Managing Director said: “We are
Statoil Finds Indications of Gas Offshore Tanzania
Statoil and partner ExxonMobil confirm that the Zafarani-1 well in Block 2 offshore Tanzania has encountered indications of natural gas in a good quality reservoir. Drilling operations are still on-going and it is too early to give any indication of size and commerciality. The well was spudded in ea
Norway: Det Norske Aims to Submit Draupne PDO in 2012
2011 was a very good year for Det norske oljeselskap ASA. The company’s resource base tripled, and Det norske succeeded in securing long-term financing. Statoil, as operator, lifted the estimates for the section of Johan Sverdrup located in production license 265 to between 900 and 1,500 million bar
BP Hires Floatel Victory for Clair Ridge Development (UK)
Floatel International has signed a Contract with BP Exploration Operating Company Limited for provision of its accommodation and construction support vessel Floatel Victory for the Clair Ridge Development project. The Clair Ridge field is located on the UK Continental Shelf, approximately 66 km west
KS Energy Secures Rig Equipment Order from China
Singapore based KS Energy Limited has secured two project contracts with an established shipyard from China to supply major capital equipment, plus ancillary services, worth approximately S$15 million in total for the construction of two jack up rigs. Under the terms of the contracts, KS Energy is t
Singapore: Sembcorp’s PPL Shipyard Wins USD 213 Million Jack-up Rig Deal
Sembcorp Marine’s subsidiary PPL Shipyard has secured a US$213 million contract to build a Pacific Class 400 jack-up drilling rig. The Pacific Class 400 jack-up drilling rig, a proprietary design of PPL Shipyard, represents the latest generation of high-specification jack-up drilling rigs that are c
The Netherlands: N-Seatec Receives Order for Complete HD Camera System
N-Seatec has been awarded an order for delivery of a complete HD Camera system. The Bowtech Surveyor HD Camera will be mounted on a Workclass ROV for inspection purposes and will have HDSDI output and delivered complete with cabling and interfacing. N-Seatec is the exclusive representative and distr
FES International Announces Deal with Saipem Drilling for Nord Stream Pipeline
FES International, a global provider of fluid transfer systems, has announced the completion of the first phase of a major new project with Saipem Drilling, in which it supplied a range of products, enabling fluid flushing and pressure testing to support the delivery of the Nord Stream consumer gas
Safin Gulf Orders Jack-up from Sembcorp, Singapore
Sembcorp Marine’s subsidiary PPL Shipyard has secured a US$213 million order from Safin Gulf to build a Pacific Class 400 jack-up drilling rig. The Pacific Class 400 jack-up drilling rig, a proprietary design of PPL Shipyard, represents the latest generation of high-specification jack-up drilling ri
Belgian Navy Adds Two REMUS 100 AUVs to its Fleet
The Belgian Navy has added to its fleet of Autonomous Underwater Vehicles (AUVs) from Hydroid, Inc., a subsidiary of Kongsberg Maritime and the leading manufacturer of AUVs. Two new REMUS 100 AUVs will enable the Belgian Navy to detect underwater mines, improvised explosive devices and other undeton
USA: Successful Heidelberg Appraisal for Anadarko
Anadarko Petroleum Corporation yesterday reported the successful results of the Heidelberg-2 appraisal well, situated in Green Canyon block 903 in the deepwater Gulf of Mexico, which encountered approximately 250 net feet of oil pay in high-quality Miocene sands. The appraisal well was drilled to a
Norway: Aker Solutions Reports 18 Pct Increase in Revenues
Aker Solutions reported an 18 percent increase in revenues and a solid operating result in the fourth quarter of 2011, reflecting strong market conditions and high activity in the oil and gas industry. Revenues in the fourth quarter of 2011 amounted to NOK 11 600 million, compared with NOK 9 794 mil