Business & Finance
USA: Oceaneering Installs Tree for World Record Subsea Completion for Shell
Well completion hardware has been installed at a depth of 9627 fsw in the Alaminos Canyon area of the Gulf of Mexico by Oceaneering’s Olympic Intervention IV. Completion of the deepwater well, part of Shell’s Perdido Development, demonstrates the light construction capabilities of Oceaneering Intern
Qatar: STATS Appoints Manager for Middle East
Oil and gas engineering specialist, STATS Group, has appointed Vikas Shangari as business development manager for the Middle East as part of a strategy to expand operations across the Gulf Cooperation Council states. STATS Group design, manufacture and install a range of patented technologies used i
Norway: Noreco Sells Brynhild Stake to Lundin Petroleum
Norwegian Energy Company (Noreco) has entered into an agreement to sell its 20 percent share of license PL148 in the North Sea to Lundin Petroleum. The license contains the oil discovery Brynhild (previously called Nemo), where a Plan for Development and Operations (PDO) was recently approved by Nor
STATS Group Expands its Operations in Middle East
Oil and gas engineering specialist, STATS Group, has appointed Vikas Shangari as business development manager for the Middle East as part of a strategy to expand operations across the Gulf Cooperation Council states. STATS Group design, manufacture and install a range of patented technologies used i
Norway: Island Offshore Secures Contract for its New Vessel
Island Offshore, provider of high quality solutions for the offshore oil industry based on a fleet of advanced high quality service and subsea service vessels, announces that it has received a 4 month contract for its Island Centurion vessel from ConocoPhillips. The contract is for supply duties in
Brazil: Chevron Cements Deepwater Well in Vicinity of Frade Field
Chevron Corporation confirms that cementing operations are taking place as part of its well plugging activities on an appraisal well located in the vicinity of the Frade field offshore Brazil. Chevron also confirms that there has never been any oil flow from the wellhead and current monitoring indi
USA: Shell Sets World Record for Deepest Subsea O&G Well at Perdido Development
Shell Oil Company is now producing oil from the world’s deepest subsea well at its Perdido Development, utilizing advanced technology to lead the way in increasing the company’s ability to produce more domestic oil and gas resources. The well, at 9,627 feet below the water’s surface, is located in t
USA: Shell’s Tobago Offshore Field Breaks Depth Record for Subsea Production
“Shell Oil Company is now producing oil from the world’s deepest subsea well at its Perdido Development, utilizing advanced technology to lead the way in increasing the company’s ability to produce more domestic oil and gas resources.”, the company announced today. The well, at 9,627 feet below the
Centrica Announces New Member of Board and Remuneration Committee (UK)
Centrica plc (“Centrica”) announced that Dame Helen Alexander, a Non-Executive Director of Centrica and Chairman of Centrica’s Remuneration Committee, will step down from the Board of Centrica with effect from 31 December 2011. Dame Helen joined the Board in January 2003. Lesley Knox will replace Da
Norway: DOF Subsea Chooses Forum’s VisualSoft for Skandi Skansen Vessel
Forum Energy Technologies, Inc. (Forum) announces the entry into an agreement with DOF Subsea AS (DOF Subsea) to provide a VisualSoft Digital Video and Pipeline Data Processing Suite for installation on their new multipurpose construction and anchor handling vessel, Skandi Skansen. As one of the wor
Technip, OOG Receive LOA for Two Pipeline Installation Vessels from Petrobras, Brazil
The joint venture formed by Technip (50%) and Odebrecht Oil & Gas (OOG, 50%) has received a letter of award from Petróleo Brasileiro S.A. (Petrobras) for the charter and operation, during a fixed period of five years, of two identical flexible pipeline installation vessels for a value of approximate
Statoil Goes Shopping Offshore Suriname
Statoil has acquired a 30% participating interest in block 47 offshore Suriname from Tullow Oil. Tullow Oil operates the block 47 licence offshore Suriname with 100% working interest. Tullow will retain the operatorship and 70% working interest. The agreement is subject to approval from Staatsolie M
Brazil: Technip, OOG Enter USD 1 Billion Deal for Pipelay Vessels with Petrobras
The joint venture formed by Technip (50%) and Odebrecht Oil & Gas (OOG, 50%) has received a letter of award from Petróleo Brasileiro S.A. (Petrobras) for the charter and operation, during a fixed period of five years, of two identical flexible pipeline installation vessels for a value of approximate
Brazil: Technip and Odebrecht Oil & Gas Receive LoA for 2 Flexible Pipeline Installation Vessels
The joint venture formed by Technip (50%) and Odebrecht Oil & Gas (OOG, 50%) has received a letter of award from Petróleo Brasileiro S.A. (Petrobras) for the charter and operation, during a fixed period of five years, of two identical flexible pipeline installation vessels for a value of approximate