Business & Finance
Canada: Husky Energy Announces USD 4.7 Billion Capex for 2012
Husky Energy Inc., a Canadian energy company based in Calgary, Alberta announces a $4.7 billion ($4.1 billion net cash) capital expenditure program for 2012 which builds on the momentum achieved over the past year to increase short-term production and supports the continued execution of the Company’
China: CIMC Raffles, COSL Ink Contract for New Semi-submersible Rig
Yantai CIMC Raffles Offshore Limited and COSL Drilling Europe yesterday signed the contract for deepwater semi-submersible platform, the COSLPROSPECTOR, in Beijing. The COSLPROSPECTOR is a DP3 vessel with an operating depth of 1,500 metres, a drilling depth of 7,600 metres and a designed operating t
15 Icebreakers to Operate in Gulf of Finland this Winter
During the winter navigation 2011-12 fifteen diesel electric icebreakers and one atomic icebreaker will be operating in the Gulf of Finland. The A-ship is affreighted for 100 days and it will set off from Murmansk for Saint Petersburg on the 23rd of January 2012. The vessel operation contract`s cost
Eni Commits to Blackwood 3D Seismic Survey Offshore Australia
MEO Australia Limited advises that it has received formal notification from Eni Australia Ltd (Eni) that it has committed to the acquisition of the Blackwood 3D seismic survey. The notification received is in accordance with the NT/P68 Farm-in Agreement, detailed in MEO’s ASX and Media release of 18
Bass Strait Oil Wins 5-Year Exploration Permit Offshore Australia
Bass Strait Oil Company Ltd has been granted a new five year term for the Vic/P41 exploration permit, starting 29 November 2011. The Vic/P41 exploration permit is situated in the offshore Gippsland Basin, 40 km from the coast and southeast of the Victorian town of Orbost, Australia, with water depth
Japan: MOL’s Coal Carrier Shunwa Makes First Post-Quake Call at Port of Soma
Mitsui O.S.K. Lines, Ltd. announced that the MOL-operated coal carrier Shunwa arrived at the Pier No.2 in the Port of Soma, Fukushima Prefecture on November 30 – the first coal carrier to call at Soma since the Great East Japan Earthquake and Tsunami. The ship brought coal from the Port of Abbot Poi
UK: Mitsubishi Corporation Acquires 50 Pct Share of Walney 1 Offshore Transmission Assets
Mitsubishi Corporation , through its wholly owned special purpose company and its UK based subsidiary, has acquired a 50% share of the Walney 1 offshore transmission assets. The acquisition was made from Macquarie Capital Group Limited (UK Branch) , and represents the first time for a Japanese compa
Eni to Start Seismic Survey in NT/P68, Offshore Australia
MEO Australia Limited has received notification from Eni Australia Ltd (Eni) that it has committed to the acquisition of the Blackwood 3D seismic survey. The notification received is in accordance with the NT/P68 Farm-in Agreement. Under the Farm-in Agreement, the option to commit to acquire the sei
Hoegh LNG, DSME to Work on LNG FPSO for Israel’s Tamar Field
Höegh LNG Holdings Ltd. has entered into an agreement with South Korea’s Daewoo Shipbuilding & Marine Engineering Co. (“DSME”) to start a project specific front-end engineering design (FEED) of an LNG FPSO solution for the Tamar gas field offshore Israel. This agreement follows the recent announceme
USA: FMC Technologies Inks Global Alliance Agreement with Anadarko Petroleum
FMC Technologies, Inc. announced that it has signed a global alliance agreement with Anadarko Petroleum Corporation to provide subsea systems and life-of-field services for their worldwide subsea development projects. In 1999, FMC supplied equipment for Anadarko’s first subsea project, North Garnet,
Hoegh LNG, DSME Agree to Initiate Engineering Work of Tamar LNG FPSO, Israel
Höegh LNG Holdings Ltd. has entered into an agreement with Daewoo Shipbuilding & Marine Engineering Co. (DSME) to initiate a project specific front-end engineering design (FEED) of an LNG FPSO solution for the Tamar gas field offshore Israel. This agreement follows the recent announcement of the agr
ANP Orders Chevron to Shut One Production Well at Frade Field Offshore Brazil
Chevron Brasil Upstream Frade Ltda announced it has been ordered by Brazil’s National Petroleum Agency (ANP) to shut in one of its 11 production wells and four produced water injection wells at its off-shore Frade joint-venture Floating Production-Storage and Offloading (FPSO) facility. The move by
Technip Announces Completion of Acquisition of Global Industries (USA)
Technip announced that it has completed the acquisition of Global Industries, Ltd . The shareholders of Global Industries approved the merger at a special shareholders meeting held on November 30, 2011 and will receive US$8.00 per share in cash. Global Industries has become an indirect, wholly-owned
China: Trial of Self-Propelled Suction Dredger “Tongtu” Succeeds
On November 20, the trial of self-propelled suction dredger “Tongtu” with Asia’s largest capacity and dredging depth fabricated by CCCC Tianjin Dredging Co., Ltd. (TDC) succeeded. “Tongtu” is a super large self-propelled suction dredger independently designed, developed and fabricated by China. The