Business & Finance
European Commission Approves Joint Venture
The European Commission has approved under the EU Merger Regulation the proposed acquisition of joint control… (neurope) [mappress] Source: neurope, November 28, 2011
UK: E.ON Pelamis Machine Celebrates its First Anniversary since Grid Connection at EMEC
The world’s first wave power machine to be sold to a utility company has celebrated its first anniversary since grid connection at the European Marine Energy Centre (EMEC) with a series of technical achievements and no lost time incidents. The E.ON machine was installed in October 2010. Since then a
Pujn Lloyd Wins Offshore India Job from ONGC
Punj Lloyd Group, an engineering, procurement and construction (EPC) conglomerate, today reported obtaining an offshore project in Bombay High, Mumbai from ONGC. The project, worth USD 97.3 million, is scheduled for commissioning in May, 2013. Commenting on this development, Mr PK Gupta – Director,
Philippines: Galoc Field Production Shut for FPSO Upgrade
The Galoc Production Company (GPC), operator of Galoc oil field offshore Palawan in the Philippines, reported that production was shut in on November 23, 2011 in preparation for the FPSO Rubicon Intrepid sail-away to Singapore, expected to depart this weekend for the planned 3-month turret installat
India: Punj Lloyd Receives EPC Offshore Contract from ONGC
Punj Lloyd Group, a leading engineering, procurement and construction (EPC) conglomerate, today announced receiving an offshore project in Bombay High, Mumbai from ONGC. The project, worth Rs. 469 crores (USD 97.3 million), is scheduled for commissioning in May, 2013. Commenting on this development,
Anadarko Makes Substantial Gas Discovery Offshore Mozambique
Anadarko Petroleum Corporation today announced the successful Barquentine-3 appraisal well encountered more than 662 net feet (202 meters) of natural gas pay in two high-quality Oligocene-aged fan systems, significantly expanding the estimated recoverable resource range to 15 to 30+ trillion cubic f
Italy: Benetti Shipyard Launches New Megayacht
“Diamonds Are Forever”, this is the name of the new Custom megayacht launched on Saturday 26th November 2011 at the state-of-the-art Benetti shipyard in Livorno. Benetti FB253 60mt is the boat’s official identification, but for its owner it’s “Diamonds Are Forever”: the official name of the yacht an
UK: Centrica Awards AMEC East Irish Sea Contract
AMEC, the international engineering and project management company, has been appointed by Centrica Energy Upstream to provide engineering, construction and project support services for their East Irish Sea onshore and offshore gas production assets. The 5-year contract is valued at £75 million (USD
Sweden: CarboCAT Goes Online
Kockums launched new website for CarboCAT multipurpose service vessels and fast ferries. They’ve posted the next generation of commercial vessels online. At their site you can use the fuel cost calculator and learn how carbon fibre can boost performance while cutting costs. About CarboCAT CarboCAT i
UK: Doughty Hanson Acquires ASCO Group
Doughty Hanson & Co, one of the largest independent private equity firms in Europe, announced that it is to acquire ASCO Group (ASCO), the largest global provider of outsourced logistics services and solutions to the oil and gas (O&G) industry, from Phoenix Equity Partners. ASCO provides oilfield lo
Australia: Saipem Signs LoI with Inpex to Build Gas Pipeline for Ichthys Field
Saipem SpA (SPM), Europe’s largest oil contractor by market value, signed a letter of intent with Inpex Corp. (1605) to build a gas pipeline for Australia’s Ichthys field, two people with knowledge of the matter said. The value of the contract is about $1.7 billion, the people said, declining to be
The Netherlands: Bureau Veritas Approves Damen’s Vessel Maintenance System DAMOS
Damen Services, part of Damen Shipyards Group, announces that its Damen Asset Management Operating System (DAMOS) has been independently approved by classification society Bureau Veritas. DAMOS is a unique vessel maintenance management system that allows customers to maximise uptime and optimise cos
Petrobras Discovers Oil at Tucura Well, Campos Basin, Offshore Brazil
Brazil’s Petrobras has confirmed the presence of oil in well 4-VD-18-RJS (4-BRSA-994-RJS), situated in Campos Basin, in the area known as Marlin Comp. The well, known as Tucura, is located between the production fields of Voador and Marlim, at a water depth of 523 meters. Located 98 km from the shor
The Netherlands: Bureau Veritas Certifies DAMOS Vessel Maintenance System
Damen Services, part of Damen Shipyards Group, announces that its Damen Asset Management Operating System (DAMOS) has been independently approved by classification society Bureau Veritas. DAMOS is a unique vessel maintenance management system that allows customers to maximise uptime and optimise cos