Afren plc (“Afren”) announces that terms have been agreed to acquire Energy Equity Resources Oil and Gas’s (“EER”) residual license interest in OML 115, offshore south east Nigeria. Transaction Highlights * Located offshore south east Nigeria, adjacent and on trend with Afren and Oriental’s Ebok and
Hyperdynamics Corporation announced that it has contracted with PGS Geophysical to process the data from the 3D seismic survey to be conducted over its offshore block in the Republic of Guinea. PGS was recently awarded the contract for the acquisition phase of the survey which is expected to commenc
GE will supply gas turbine and compressor equipment to PNBV—Petrobras Netherlands BV, subsidiary of Petrobras the integrated oil and gas company, for deployment in two floating production, storage and offloading (FPSO P-58 and P-62) units for exploration and production offshore Brazil. The $160 mill
Rolls-Royce, the global power systems company, has won orders to design and equip five offshore and special purpose vessels plus options worth in total around £80 million in the last few weeks. Rolls-Royce has signed a contract with Italian shipyard, Rosetti Marino Spa, for delivery of an integrated
Falkland Oil and Gas (FOGL) will press ahead with its drilling program offshore the Falkland Islands despite reporting that its Toroa … [mappress] Source: Mercopress,July 14, 2010;
L&T has won an important Offshore Rig Refurbishment Contract from Oil & Natural Gas Corporation (ONGC) valued at Rs.376 crores (about US$83 million). Floating Systems Business Unit (FSBU), L&T’s newly formed division that promises to offer single point responsibility for execution of Offshore Drilli
Banana Enterprises Limited is currently engaged in the development and expansion of its port facility in Big Creek. The Port of Big Creek is now seeking to improve its product offering by upgrading existing facilities, onshore and offshore, in an effort to balance the pendulum of capacity and demand
Aker Solutions has received a Letter of Intent for Sleipner Modifications Portfolio Agreement and the first project specific agreements herein; engineering, procurement, construction and installation (EPCI) for the Gudrun tie-in to Sleipner. This specific order will be worth approximately NOK 900 mi
The use of renewable energy will increase over the next few years, according to experts. Green energy organisation Renewable UK has said… [mappress] Source: envirotech-online, July 14, 2010;
Leading international oilfield service company Expro announced it has secured a four-year extension to a major contract with Statoil in Norway. Expro provides well testing and specialist data acquisition services across Statoil’s Norway operations. The contract extension will allow Expro to further
Aberdeen-based oil services group OEG Offshore (OEG) has launched a subsidiary in Houston to expand its operations in the Americas, increasing its worldwide network. OEG Offshore LLC (OEG US) will supply clients in the offshore oil and gas industry with specialist, pressurised A60 engineering cabins
Frans van Seumeren has purchased a stake in Barge Master Holding bv. Van Seumeren explains: “Barge Master develops and produces motion compensated platforms for offshore lifting operations. This company can help solve the age-old problem of sea-induced motions during offshore installation work. I ha
Apache Corporation announced that David Carmony has been promoted to be vice president – Environmental, Health and Safety (EH&S). “Apache has always had a strong safety culture,” said G. Steven Farris, Apache’s chairman and chief executive officer. “David will work with me and our regional operating
Sevan Drilling AS, a wholly owned subsidiary of Sevan Marine ASA, has signed a mandate letter and term sheet with DVB Group Merchant Bank (Asia) Pte Ltd and NIBC Bank N.V. for the arrangement of a USD 530 million limited recourse secured term loan facility. The facility will replace the existing deb
